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

Register Now

StratexSystems Shortlisted for Global Risk Awards

 

StratexSystems is proud to announce that we have been shortlisted as Risk Management Service Provider of The Year 2012 for the IRM Awards! This award is designed to recognise the very best in service delivery among those that supply any risk management services to the industry.

The Institute of Risk Management (IRM) is a Global Risk Awards ceremony that is organised by the risk management world’s leading independent professional and educational body that recognises and rewards excellence in risk management.

The Global Risk Awards Ceremony will be held and hosted by Magnus Lindkvist (trendspotter and futurologist) at the Grand Connaught Rooms in London on 28 February 2012.

The Institute of Risk Management (IRM) is the world’s leading enterprise-wide risk education Institute that passionately believes in the importance of risk management and that investment in education and continual professional development leads to more effective risk management.

More info HERE

CYSPEX Breakfast Briefing is a Success!

CYSPEX Cyber Security Breakfast: From Threat to Solution

Is your organisation leveraging the competitive advantage of a positive cyber security culture? What is your organisation doing to promote cyber security and support the Government in making the UK the world's leading market place? It’s a fine line between protection and enablement –   how is your organisation dealing with the cultural and behavioural impacts? 

These questions and more were raised at the CYSPEX Cyber Security Breakfast held at the Houses of Parliament on the 1st March 2012.  It was a full house with attendees from the government, private sector and academia providing insights and responses to some of the challenges facing the UK in Cyber Security.

The event was sponsored by Templar Executives and Stratex Systems. Andrew Fitzmaurice, CEO, Templar Executives, introduced the speakers and set the scene explaining, “Today’s briefing is designed to promote the holistic approach required for effective cyber security and to hear from those in the public and private sectors who understand this and are actively contributing to the National Cyber Security Strategy".

Key note speakers included; Andrew Miller MP and Chair of the Science and Technology Select Committee, Adrian Leppard, Commissioner of Police for the City of London, John Cook, Head of Defence Security and Assurance Services, Ministry of Defence, Simon Parker, Chief Information Officer, Babcock International Group PLC and Rena Lalgie, Deputy Director of Cyber Security, Department for Business Innovation and Skills. Both Baroness Paul Neville-Jones (Special Representative to Business on Cyber Security) and Lord Errol supported the event and participated in the lively audience debate that followed. All of these attendees are prominent in the actions they are taking to develop the UK’s Cyber Security maturity response.

Andrew Miller MP opened the session by highlighting it is imperative for government and business to work together to tackle the cyber threat which is growing and “increasingly complex and dynamic”.  Commissioner Leppard re-enforced this by stating that last year alone, fraud cost the UK economy £38.6billion.

Commissioner Leppard outlined the plans of the Economic Crime Unit and National Fraud Intelligence Agency and the steps they are taking to centralise the capture of fraud intelligence. The Commissioner concluded by saying; “the threat of internet crime is increasing exponentially and whilst both the government and the private sector have responded positively to this challenge we have got to keep the pace going” a view that was echoed by all speakers.

John Cook from the MoD and Simon Parker, CIO of Babcock shared the approach that their respective organisations are taking to increase their Cyber Maturity capability. Simon Parker explained that technology was only part of the picture; to be effective the culture of the organisation needed to be changed by carrying out training, at all levels, to raise awareness. Both the speakers concurred that organisations need to do more to articulate their information risk appetite and manage risk in accordance with that appetite.

John and Simon also emphasised the need for the board to endorse a Cyber Security strategy and drive change from the top. Implementing effective cyber security requires everyone within an organisation to be accountable and take responsibility for understanding the threats and vulnerabilities they face and how they can prevent them. Addressing the supplier  market, John Cook said suppliers need to “take action to ensure and demonstrate they have sufficient cyber security measures in place in what is a dynamic challenge that none of us can afford to ignore.” It was noted that those suppliers who did take action were not only contributing to the overall aim of the National Cyber Security Strategy – making UK Plc the place to do business – but also gaining a competitive advantage.

Rena Lalgie called for a shift in emphasis so that cyber security is seen as an enabler for economic prosperity and that there needs to be a focus on galvanising and partnering with the private sector to deliver the change necessary in this area. Cyber security should be an integral part of how companies manage their corporate risk.  

In his closing remarks Andrew Miller MP commented on the next generation of the UK workforce and observed “the missing link is in education; technical and practical skills and behavioural change need to be taught and embedded in the education process.  We need to shift the dynamics so young people grow up knowing how to protect their own work and are used to working in that way.”

 

To find out more about the speakers and CYSPEX please visit the CYSPEX website www.cyspex.com