RMA Newsletter - December 2015

RMA Newsletter - December 2015

2015 has been a fantastic year for the RMA. We have held a record number of events and forums and our membership is at a record level - 1350 individual members. Over the past three years we have experienced 15 per cent p.a. compound growth in both institutional and individual membership. Thank you all for your continued support.

Events and meetings

In 2015 we have convened 60 events, forums, committees and network meetings in Sydney, Melbourne and Brisbane. Our monthly events continue to attract larger numbers, so please register early to avoid disappointment! 

The October 2015 'Three Lines of Defence' events were both full houses (over 200 registrations in Sydney and 130 in Melbourne). The panels in both cities did a great job in answering probing questions from the PWC host chairs particularly given the commercial sensitivity of the topic. To the credit of our 3LoD panellists from the well-known financial services brands (ANZ, ME Bank, Westpac, NAB and Suncorp), they did their utmost to inform RMA members and answer the many questions from the floor. We received great feedback from all attendees.

The November event which was broadcast from the ANZ Melbourne office to the ANZ Sydney office focussed on the experiences of a seasoned Group Treasurer, ANZ’s Rick Moscati. Rick provided us with a unique insight into the role of the Group Treasurer in a global financial services firm which is now well established in Asia. Rick covered fluctuations in capital requirements post the GFC and post the new regulatory regime in the wake of the Murray review. He also provided us with his views on the impact of a fluctuating AUD, volatility in housing and offshore credit exposures. Thank you Rick for sharing your considerable knowledge and experience in a core banking and risk topic.

Young Professionals and Women in Risk Events

On 4 November 2015 the CBA convened the second of our Young Professionals events. This was again popular with well over 100 in attendance. Special thanks to Chris Williams and the CBA team for holding this event on how our younger members can build, manage and leverage their personal brand. The RMA Management Committee continues to support its Young Professionals and Women in Risk initiatives. In this regard we will be convening ‘Women in Risk’ events in Melbourne and Sydney in March 2016. NAB and Westpac have generously agreed to host these events. We will have an external and high profile speaker leading discussions at this special gathering. Watch the website for more information.

RMA and Macquarie University – New Graduate Diploma in Applied Finance (Risk Management)

At its November board meeting, after a long period of gestation and negotiation, RMA Australia agreed in principle that it should endorse the newly developed Macquarie University Graduate Diploma in Applied Finance (Risk Management).  The new program will be available in both Sydney and Melbourne in 2016/17.  It will focus on the needs of mid-career professionals wishing to broaden and deepen their understanding of financial risk management. The course has been designed to reflect Australian conditions and regulatory frameworks.

We are very excited about this initiative − further details will be provided by email to RMA members in coming weeks.

RMA HQ – changing of the guards

During October our RMA HQ contact, John Baier stood down from his position to take up a new opportunity on the West Coast of USA in the Agricultural Banking Sector. We thank John for his advice and support during the past 12 years. He has always tried to assist us in our various activities, especially in his encouragement for RMA Australia members to attend the highly regarded and valued Wharton Program. His replacement will be Steve Shaw. Steve has had extensive banking experience including key roles in Asia via employment in HSBC. Steve is based in London, UK and already has alerted us to opportunities for our members to register for UK, European and USA based risk activities. So if you are travelling to UK or Europe why not consider attending one of Steve’s events. Contact Steve on sshaw@rmahq.org.

Locally, we’ve also had some changes in key contact points. Recently CBA’s Wing-Sze Hung took up a new position in the Bank and has stepped down from our Events Sub Committee. We thank Wing-Sze for her drive and innovation in convening our Young Professionals Program, and also for her initiative in producing the Young Member video. Wing-Sze’s colleague on the Events Sub Committee, Jessica Sparksman, will also be stepping down having decided to move offshore for new challenges. We thank Jess and Wing-Sze for their considerable support and assistance over an extended period, and wish them well. We welcome our new CBA events person, Lauren Ellis.

RMA Management Committee Change – Kerrie Noonan, Executive General Manager, NAB

At its November meeting the board accepted a letter of resignation from past president Howard Silby, NAB. The board thanks Howard for his unstinting work both as a member and leader during the past four years and wishes him well in his role as Executive General Manager Business Lending at NAB.

Howard’s replacement will be Kerrie Noonan who is a key leader in NAB’s operational risk function. Kerrie is an actuary who commenced her career with Norwich Union and Prudential Assurance Company, UK. She spent 10 years in UK, Ireland and Germany working in Retail Banking in a range of leadership roles from operational to strategic within Treasury and Risk Management. We welcome Kerrie and wish her well in this new post at RMA.

New release – RMA Australia Membership Video

If your work mates are interested (or need to take an interest) in RMA why not refer them to our new member video, which can be found here.

Also if any of your colleagues are interested in joining RMA they can do so in January 2016 by taking up the early bird offer. For just $50 they can have 15 months member benefits for the price of 12 months.

On behalf of the Management Committee we wish you all a safe and joyous Christmas and may success go with you in 2016.

Richard Gilbert, Executive Director

Catherine Thrum, President

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