Effective Risk Based Monitoring — Federal Grant Recipients and Federal Financial Reporting – 2021

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Cora Shepherd, National Endowment for the Humanities
Mary Jean (MJ) White, MJ White Consulting, Inc.
Moderator: Cynthia Dudzinski, U.S. Coast Guard

With the increase in funding resulting from the COVID-19 pandemic as well as increased infrastructure appropriations, federal agencies are presented with more challenges than ever before to manage their increased grants portfolios while meeting their obligations under A-123. This interactive session will present participants with information designed to address risks presented by increases in funding by using data to develop risk-based monitoring plans, and how this fits into the ERM Framework.

Developing the Next Generation of Risk Managers – 2021

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Rassii Elliott, Department of Housing and Urban Development
Linda Esah, Department of Housing and Urban Development
Steve Vetter, Administrative Office of the United States Courts
Moderator: Emma Haas, CFPB

This session discusses strategies for recruiting and developing new risk managers in an everchanging federal landscape. The Office of Housing-Federal Housing Administration’s (Housing-FHA) Office of Risk Management and Regulatory Affairs (ORMRA) hosted an impactful four-month professional development rotation for a cohort of Office of Housing employees. The Compliance and Risk Officer from the Administrative Office of the US Courts will discuss some of the unique challenges in the Judiciary and how they are managed.

Risk Analysis and Tools to Identify and Address Emerging Risks – 2021

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Karin Dasuki, Dept. of Energy Office of Finance and Accounting
Alyssa Smiley, Dept. of Homeland Security Risk Management and Assurance Division
Jing Williams, HHS Office of Financial Systems Policy and Oversight (OFSPO)
Moderator: Alyssa Fusisi, Kearney & Company

The pandemic and the associated risks experienced by Federal agencies exposed vulnerabilities for future major global events to influence the future risk landscape.  Emerging risks could have a significant impact on an agency’s ability to effectively and efficiently meet their mission.  This session discusses how agencies have built sustainable risk analysis using different types of technology and tools to support the ongoing identification and analysis of emerging risks that could have a significant impact on an agency’s mission delivery.

Achieve Positive Employee Engagement When Integrating Cybersecurity and ERM – 2021

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Speakers: Vladimir Antikarov, Risk Managers International
Courtenay Brammar, Cyber Security Case Studies
Moderator: Kevin Stine, NIST

As with other enterprise risks, effective cybersecurity risk management embeds when: senior management has well understood and prioritized the key cybersecurity risks for the organization, the cybersecurity team is focused on prevention and mitigation of these risks and employees are well informed and incentivized to sustain cybersecurity awareness. Unfortunately, the complexity and highly technical nature of cybersecurity has frequently resulted in its implementation being the exclusive domain of specialized professionals. Insufficient engagement of senior management and regular employees exacerbates practically all cybersecurity risks, increasing their likelihood and potential severity. Consequently, finding and deploying ways to positively engage them represents an important effort in managing cyber risk. Our session empowers risk managers who are not IT experts to get actively involved in cybersecurity and facilitate engagement of both their organization’s senior management and other non-technical employees. We will present an intuitive cybersecurity risk categorization, which represents an easy-access way to introduce key types of cybersecurity risk to all non-expert employees. For each cybersecurity risk category, we provide a real-life example of where the risk occurred, including how the organization in question dealt with it and the consequences.

Creating Your Path to Success in ERM — From Staff to CRO – 2021

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Speakers: Nicole Puri, Bureau of the Fiscal Service
Neil Starzynski, Department of Labor
Kenneth Tinsley, Export-Import Bank
Moderator: Karen Weber, Department of the Treasury

A panel of CROs/heads of ERM discuss:

  • Which skillsets they feel are important in effective ERM teams and in CROs,
  • What they look for when interviewing ERM professionals, and
  • What different backgrounds can bring to ERM (legal, accounting, performance, organizational dynamics, change management, etc.)

The Biggest Gap in ERM Practice — Tackling the Human Element – 2021

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Speakers: James Bone, Cognitive Risk Institute
Moderator: Liz Ryan, Export-Import Bank

The human element is increasingly recognized as the biggest vulnerability in cybersecurity and the largest contributor to operational risk yet no risk frameworks effectively quantifies or assesses human factor risks. These findings are the subject of collaborative research with leading Ivy league universities and the Cognitive Risk Institute. This session goes beyond internal controls, audit and compliance to present a framework that integrates risk governance, cybersecurity and ERM practice in novel ways based on evidence-based scientific research.

Aligning Third Party Supplier Risks with a Healthcare System’s ERM Program – 2021

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Speakers: Patrick Brennan, Supply Risk Solutions
Missy Hill, Vizient
Kristina Narvaez, Intermountain Healthcare
Moderator: Mike Batlogg, SEC

This session will discuss the journey that Intermountain Healthcare has taken to design and implement a third-party supplier risk management program using Enterprise Risk Management principles. Our goal is to create an infrastructure for identifying, assessing, prioritizing, and mitigating the following nine risk categories-location risk, sourcing risk, labor risk, financial stability risk, compliance risk, logistics risk, quality assurance risk, sustainability risk, and technology risk that could cause a potential disruption to our supply chain.

The Case for a Federal CRO – 2021

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Speakers: Paul Walker, St. John’s University
Moderator: Karen Weber, Department of Treasury

This breakout discussion will address how ERM is currently applied in organizations and agencies and how it could be applied at the broader government level. This broader level might necessitate a CRO for the United States.