What’s Diversity & Inclusion got to do with ERM? – 2019

For many years, organizations have recognized that diversity and inclusion leads to better decision-making, increased productivity, and greater effectiveness. This session will explore how diversity in demographics, perspectives, and experiences and a culture of inclusion (employees feel valued, respected, and treated equitably) can enhance an organization’s ERM capabilities, resulting in better risk identification and decision-making, increased accountability, and agency-wide risk awareness.

Speakers: Marianne Roth, Consumer Financial Protection Bureau (CFPB); Lori Giblin, U.S. Corporation for National and Community Service (CNCS); Montrice Yakimov, Federal Deposit Insurance Corporation (FDIC)

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The Path to ERM at the Largest Charitable Organization in the U.S. – 2019

The YMCA’s path to ERM was both a learning experience and an example of real success.  Join Nancy Owens for a discussion of ERM at the YMCA, including how their thinking evolved about ERM over time, how they corralled their risks, how -they identify and manage risks, what their governance looks like and what role the audit committee plays, and how they filter on new priorities, all in the context of a not-for-profit organization.

Speaker: Nancy Owens, Senior Vice-President & Chief Financial Officer, YMCA of the USA

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Understanding the Cost & Complexity of Cybersecurity & Data Privacy – 2019

Safeguarding the security and privacy of sensitive customer data has become a business critical requirement. Unfortunately, most struggle to effectively prioritize among the myriad cyber risks and to make a persuasive business case for mitigation, due to an inability to quantify cyber risks and a lack of a value-based ERM approach to cyber risk management. In this session, we discuss the cybersecurity and data privacy threat landscape and how a value-based ERM approach is used to identify and mitigate the key cyber risks and help a CISO align their priorities within the ERM program.

Speakers: Sim Segal, Columbia University; Shahryar Shaghaghi, CohnReznick Advisory

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ERM: Getting Everyone on Board without Sinking the Ship – 2018

In this 2018 Summit presentation… Successful ERM programs drive a cultural change that increases risk-awareness and transparency to inform risk-based decision making throughout the organization. Learn about the 10 building blocks of risk leader success, targeted risk communications, and other leading ERM practices from thought leaders in academia and non-profit sectors.

Speakers: Chris Mandel, Sedgwick Institute; Mahesh Joshi, GMU; Joe Pugh, AARP
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Techniques, Templates, and Toolkits in a Flash! – 2018

In this 2018 Summit presentation… Technology, tools, and templates should be seen as accelerators for a sound Enterprise Risk Management (ERM) framework, not a substitute. As with most other aspects of ERM implementation, the tools and templates developed and deployed by an ERM program should follow a maturity model approach and be customized to an organization. 

Tool or templates are only as good as the information input and how effectively their outputs put the right information in front of the right people at the right time. During this session, attendees learned how federal ERM programs have developed and deployed tools to support their programs’ maturation. Organizations beginning their ERM journeys can learn what tools provided the greatest value to the ERM program and organizational leadership from the initial stages of ERM implementation. While organizations with mature ERM programs can hear how tools continue to support organizations in making risk-informed decisions.

Speakers: Doug Clift, Census Bureau; Greg Keith, Ginnie Mae; Jason Leecost, Ginnie Mae; Debra Elkins, HHS
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Effective Integration of ERM and Internal Control – 2018

In this 2018 Summit presentation… OMB Circular A-123 requires Federal agencies to integrate their ERM and internal controls activities. In this session, the Enterprise Risk Management Officer and Director of Internal Controls for the National Institute of Standards and Technology (NIST) shared their experiences and the progress they’ve made toward this goal. The speakers described NIST’s ERM-Internal Controls Integration Framework, NIST’s new Audit Subcommittee, and lessons learned.

Speakers: Nahla Ivy, NIST; April Szuchyt, NIST
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Leveraging Technology to Enhance Your Agency’s ERM Capabilities – 2018

In this 2018 Summit presentation… Technology cannot provide an out of the box ERM program, but it can definitely facilitate the process. This session discussed how using technology can jump start your ERM program capabilities, and how these platforms are creating innovative solutions to challenges your ERM program may face through maturity such as risk identification, collection, collaboration, and prioritization.

Speakers: W. Curtis McNeil, AOC; LaTaiga Proctor, Census Bureau
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Applying ERM Principles to Functional Divisions: A Federal Grants Risk Management Case Study – 2018

In this 2018 Summit presentation… Today, buzz words like “enterprise risk management” (ERM) and “accountability” abound in the public and private sectors. But how do they really work operationally? Faced with an $11 billion budget for grant programs but finite internal resources to manage them, the Health Resources and Services Administration (HRSA) sought a way to use risk management to improve accountability and oversight of grants. Seeking a risk-based, data driven approach to strategic decisions, HRSA embarked on a one-of-a-kind assessment of current risks and related risk management practices, and the development of risk tools for decision makers.

This presentation provides a case study for operationalizing risk management in the grants world, and more generally at the sub-agency level. Those seeking to integrate risk management into their operations heard about project challenges and successes, key risk findings and recommendations, and considerations when taking on such a project. During the presentation, the speakers:

  • Explained the context within which HRSA determined to launch such an ambitious study, and the questions faced in developing the project;
  • Briefly walked through the tools developed to document and assess key risks and opportunities;
  • Described the findings of the study and how ERM principles were applied; and
  • Discussed the challenges and limitations faced with a risk management study of this kind.

Speakers: Lori Giblin, CNCS; Suzanne Auerbach, HRSA
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