How to Conduct High Quality Risk Assessments

Why Should You Attend:

Risk assessments establish the foundation for all other components of the risk management program. Simply put, if a risk is not identified, there is no chance that key risk indicators, scenario analysis, or any other analysis of that risk will be performed. Additionally, if a risk is not properly assessed and prioritize, mitigating strategies may be inadequate, which will create unacceptable residual risk. The value of conducting both high-level assessments of all business units and detailed assessments of their most significant processes has been confirmed throughout the years as firms that have a rigorous risk assessment process are less vulnerable to unexpected risk events.

This webinar will explore how key processes must be regularly validated and why risk assessment is a critical component of several compliance programs such as Sarbanes-Oxley Section 404 internal control over financial reporting, customer privacy, money laundering and anti-bribery.

Areas Covered in the Webinar:

• Articulate your business objectives and define the scope of your risk assessment
• Identify the most appropriate risk assessment technique
• Plan and facilitate a risk assessment
• Identify and group risks
• Tailor a risk matrix to enable you to rate your risks
• Evaluate risks based on their rating and your organization’s risk tolerance

Who Will Benefit:

• Asset Managers
• Broker/Dealers
• Supervisors
• Financial Officers
• Risk Officers
• Internal and External Auditors
• Operational Risk Managers
• Internal Auditors
• Board Members
• General (Legal) Counsel
• CFOs (Chief Financial Officers)
• COOs (Chief Operating Officers)
• CROs (Chief Risk Officers)
• CIOs (Chief Information Officers)
• CPAs (Certified Public Accountants)
• CBAs (Chartered Bank Auditors)
• CIAs (Certified Internal Auditors)
• CFEs (Certified Fraud Examiners)
• Banks, insurance companies, and all other financial institutions
• Regulators who supervise or examine banks or financial institutions

Mario Mosse
President, MMosse Consulting LLC

Mario Mosse has over 40 years of experience in enterprise risk management, internal audit and regulatory compliance at financial services companies. He is the president of MMosse Consulting, LLC, where he provides risk management advice and training to the financial services industry. Previously, he was the head of operational risk management at Prudential Financial, Inc. Prior to that, Mr. Mosse was with The Chase Manhattan Bank, where he held several senior positions in risk management and internal audit.

Topic Background:

Risk assessment is a process whereby the risks and controls of an entity are identified and evaluated to determine if the residual risk is within the firm’s risk appetite limit. An entity could be a company, department, legal entity or business. It could also be more narrowly defined as a process, business objective, product, compliance with a specific law or regulation, etc. Risk assessments can be applied to existing entities or emerging ones such as new products, acquisition targets or outsourcing projects. The risk assessment process should be implemented both as a high level, “top-down” review and as a detailed (“bottom-up”) review of risk and control.

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