This seminar will be a high-level introduction into the Enterprise Risk Management Roadmap, identifying seven core ERM processes and the associated interdependencies required to achieve the formation of an effective, holistic and integrated approach to ERM in a financial services context. GRI believes that the systematic application of the principles and practices embedded in this Roadmap can materially improve the overall decision quality and experience outcomes that arise in relation to the wide range of risk/return trade-offs inherent in a financial institution’s business strategy and operations.
Each of the seven learning modules are designed to help members understand and develop actionable insights and methodologies they can use.
- Risk Appetite
- Risk Identification
- Risk Measurement and Assessment
- Risk Budgeting and Actions
- Governance and Controls
- Reporting and Communications
- Risk Culture
The luncheon will include the following:
- An update on the Global Risk Institute research agenda
- Enterprise Risk Management Roadmap: An approach to enterprise risk management best practices in a financial services context
- A deep dive into risk culture best practices
***Lunch will be provided***
Mike was appointed as the Global Risk Institute’s first Executive in Residence in January 2014, where he assists GRI management in the development of leading edge ERM research and education programs. Mr. Stramaglia is the President and Founder of Matrisc Advisory Group Inc. and he currently serves on the boards of the Equitable Bank, the Economical Insurance Group, Foresters Financial and Munich Re Canada. Mr. Stramaglia has over 30 years of financial services professional and leadership experience, including over 10 years with Sun Life Financial where he served as a member of the International Executive Team and led the development of one of the insurance industry’s leading ERM practices as Executive Vice-President and Chief Risk Officer for the company’s global operations.
Alex LaPlante is the Research Manager at GRI. She holds a BASc in mechanical engineering from the University of Windsor and earned her MASc and PhD in operations research from the University of Toronto, where she studied the operational efficiency and growth potential of bank branch networks. Prior to joining GRI, she held the position of Director of Enterprise Analytics at CIBC. Her current research interests are machine learning, big data, and ESG risks with a focus on climate change related risks in the financial sector.