RMA Newsletter - June 2015
We are now well into the RMA year and there is certainly action on all fronts.
The KPMG sponsored event for May was well attended and attracted considerable interest and questions from RMA members in Sydney and Melbourne. Special thanks go to our investment banking analysts Scott Manning from JP Morgan, Daniel Toohey from Morgan Stanley and Omkar Joshi from Watermark Funds Management for their candour in answering questions which were indeed challenging.
The Brisbane May event was also well attended. It addressed the state of Australian Agriculture with speakers from the ranks of our Agri business gurus – Rob McConnel, Deloittes and Troy Constance, Suncorp. Special thanks also to Erin Loch CBA for her efforts in convening and chairing this session. We have noticed that this event in Brisbane has attracted registrations from the other capital cities.
Our June Events also look like being house full events with Cyber Crime being the topic of the month. EY will host these functions at the Sydney and Melbourne offices. Cyber Crime is not just a slogan as it costs $400 bn to the global economy and impacts 88% of Fortune 500 companies.
Young Professionals Focus – 16 June 2015
In keeping with the RMA priority to offer opportunities to our younger members, CBA will host our Young Professionals forum on 16 June. RMA board members Catherine Thrum Westpac and Chris Williams CBA will join Lauren Ellis CBA and Rob Nolan EY to provide insights into ways and means of enhancing ones career in risk management. Special thanks go to Jessica Sparksman and Wing-Sze Hung from CBA for their innovation and drive in convening this inaugural young professionals event.
We anticipate convening a similar in event in Melbourne later this year.
If you have young professionals in your team encourage them to join RMA and register for this ‘must attend’ event.
Senator Sam Dastyari – RMA Q & A – 14 July 2015
On 14 July 2015 we have an additional event in Sydney which will feature Senator Sam Dastyari (Lab NSW) who chairs the powerful Senate inquiry charged with the ‘scrutiny of financial advice’. Senator Dastyari, a relative newcomer to the Senate, has certainly hit the ground running.
His Committee has taken evidence from the big bank CEO’s and senior management responsible for nearly 40 per cent of Australia’s financial planners. This inquiry has generated considerable media interest and raised issues which are key concerns for risk management professionals. This session will be hosted by NAB with Panellists Nicole Salimbeni PWC and Dallas McInerney NAB who will be on the question side of the Q and A format. We extend our special thanks to a busy Senator Dastyari for availing himself to attend the RMA.
If you are based outside Sydney this is an event that would be well worth an air fare to Sydney, or indeed organising your necessary appointments in Sydney so that they are aligned with this event. Our previous key parliamentarian speaker event was convened in Melbourne and addressed by the Hon Kelly O’Dwyer (Lib, Vic) who focussed on foreign investment in Australian real estate.
RMA Macquarie University Prize in Risk Management Awarded
RMA is pleased to announce the inaugural winner of the RMA Australia Risk Management Prize (Sydney) - Henry Vu. The prize is awarded each year to a Sydney student in the Macquarie Master of Applied Finance program with the highest grade in the subject Financial Risk Management (FRM). The Macquarie Applied Finance Centre gratefully acknowledges the support of RMA in promoting the study of risk management through this generous academic prize.
According to Associate Professor Elizabeth Sheedy, Henry is a worthy recipient. Coming from an IT background (Singapore Management University), Henry previously worked for four years at Bank of America Merrill Lynch. He travelled to Sydney to complete his Masters studies in 2014 at which he excelled. He achieved the highest grade in FRM of any student in 2014. This is a considerable achievement given the cohort size over 100 and the strength of competition from local students.
FRM is a subject which, like risk management in the real-world, incorporates both technical and qualitative concepts. To achieve a High Distinction as Henry did is relatively rare due to the challenging material. Currently looking for work in either Singapore or Australia, Henry’s aim is to work as a professional risk manager and we have every confidence that he will be an asset to the profession.
In 2016 the university hopes to launch a new Graduate Diploma in Financial Risk Management, with a curriculum endorsed by RMA Australia, to help risk managers advance their careers to the next stage. Look out for further information on this new initiative in the coming months.
Henry Vu - inaugural winner of the RMA Australia Risk Management Prize
All RMA members are advised that the 2015 AGM which will be convened on 11 August 2015 at NAB House in Sydney at 1530 hours