Global Risk Management Issues

This year's conference will provide you with the annual update to the components of Effective Enterprise Risk Management and learn how other trades are coping with Risk and Compliance

Attaining maturity in risk management is difficult because typically most organizations conduct enterprise risk management through periodic risk assessments and monitoring of historical data thru use of certain metrics. The results are then rolled up into management reports to get the executive nod.

This year's focus on Effective Enterprise Risk Management spotlights on a few tactical themes that are essential to create a foundation for a changeover, unless you are happy with business as usual and want guidance for in-depth adjustments to attain benefit from an Enterprise Risk Management (ERM) program.

In order to unlock the true value of effective and efficient ERM program that helps you to reinforce accountability, embed risk management across the organization and link risk management to strategic decision making process where you can measure performance and communicate the status on risks to all stakeholders.

GRC Building Blocks
Starting a Risk Management and Compliance Program or Building a Risk and Compliance Organization is an endeavor that many companies are embarking upon these days. The central question from the onset still remains; how to Implement a Internationally oriented Compliance program using which holistic GRC model.

You need such a framework because prior to implementing you need to know the exact risks incl. cultural differences, disparate regulatory regimes, new business environments etc.

At the conference you will receive guidance on how to develop a strategic approach to risk management, controls, and assurance processes. You need these components in order to ensure that compliance programs are aligned with corporate strategy—improving performance, mitigating risks, and achieving compliance goals all in one stroke.

The holistic approach we talked about earlier will then promote ethical behavior and encourage a more resilient global risk-management program.

The Journey
Like in commencing any other journey, it is vital that you know your destination, have a road map or a GPS and that you have bought the right type of road, ship or air travel ticket depending on a variety of variables. Your GRC Journey is an integrated approach towards audit, risk and compliance is no different.

• The GRC Journey: Think big, start small
• We don't speak Danish, but we do speak the same risk language - Why companies should use an integrated approach.
• Into practice: international customer cases

The significance, value and integration of Enterprise Risk Management to Governance and Compliance

• How to rationalize compliance and risk-management initiatives with a unified model, use automation to facilitate controls validation, and embed contextual controls within business processes to achieve operational efficiency

When integrating the key enterprise risk management issues and topics you need to address how the enterprise wide risk management program augments credit and market risk management you are working under.

Providing a holistic view of risk across an organization is important to gain an understanding of the softer GRC components because in the current environment simply focusing on the regulatory environment including building benchmarking tools and learning from regulatory actions is quite important but just not enough for a successful implementation.

Therefore the conference will provide guidance on building an enterprise wide risk infrastructure from the ground up, including governance arrangements and evaluating how enterprise wide risk management is fundamental to the production of the ICAAP and understanding the role of enterprise risk management in outsourcing arrangements

As previously discussed aligning culture and compliance to controls and compliance are the 4 C’s within the business processes that are important to achieve operational efficiency in the management of risks. The conference will focus on:

• How to encourage employees to embrace ethical conduct and shun non-compliant actions at large dynamic companies.
• How to manage the regulatory compliance in various trades’ and operations and to gain valuable benchmarking data. This session will offer a wide-ranging discussion on what that data tells us about the state of regulatory compliance in the various trades today.
• How to create a culture of zero tolerance to non-compliance. A case study on how to drive a culture that embraces the company's ethics and compliance values

Achieving a culture of zero tolerance to non-compliance of risk management is easier said than done. We believe that only when the soft issues are in place, enterprise can focus on their GRC Strategies that can increase efficiencies across the organization. The conference will then provide guidance on these issues.

• How to implement GRC software systems to reduce redundancy and repetition, improve efficiency and consistency, and keep everyone aware of what's going on across risk, compliance, and audit functions.
• How to unify governance, risk, and compliance initiatives that deliver an integrated program that empowers decision making and enables cross collaboration across different business units as they tackle diverse key initiatives such as

There are also other risk management solutions and issues from the financial services sector that many other trades can learn from. There are concerns regarding anti-money laundering, anti-bribery, third-party risks, whistleblower updates and compliance issues such as HIPPA, Dodd-Frank, PCI and many more key mandates and international oversights and regulations that if time permits that we can touch upon.

Enough on anti-bribery, third-party risks , zero tolerance, integrating the key enterprise risk management issues lets all go and blow the whistle with some Brain Food Lunch provided by the Radisson Blu Hotel Scandinavia.