Executive Briefing - March 21 - Understanding the ERM Journey

In this executive briefing, StratexSystems invites two of it’s clients to share their experiences at different stages of the Enterprise Risk Management journey.

The first client is the UK's largest financial services outsource provider, who started their ERM journey in 2006/07 as one of their drivers of rapid growth, but were forced into a u-turn by the credit crunch. They will present insights on:

  • Delivering effective organisational change
  • Shaping the risk culture
  • Engaging constructively and proactively with the regulator
  • Preparing for further regulatory change including preparations for the introduction of the FCA & PRA

The second client, is one of the UK's newest and fastest growing banks, which started their journey in 2010. They will focus on:

  • Establishing a risk culture within a small but rapidly growing organisation
  • Aligning the ERM agenda to the strategic agenda
  • Building buy-in and engagement across an emerging culture
  • Understanding some of the challenges and benefits of enabling the ERM process with software

Details

When: March 21st, 2013

Where: City of London

Time: 08.45 am

Venue: To be confirmed

Cost: Free of Charge

Keynote Speakers

Gillian Weatherill, Head of Enterprise Risk Management, Homeloan Management Limited

Kevin Pearce, Head of Operational Risk, Aldermore Bank

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Enabling value from a long game approach

HML, a StratexPoint user, has been on a risk management journey to make risk management part of the DNA of their organisation and in doing so, deliver real business benefits.

It should become part of the firm’s DNA and simply the way business is done – reflected in the effectiveness of management doing the right things. At a basic level, risk management is simply there to support decision making, allowing opportunities to be seized and value created.

The benefits that HML have achieved include a 94% reduction in the value of errors and a 63% reduction in the volume of errors.

Read a blog by the Head of Operational Risk and the HML Case Study.