RMA Newsletter - March 2017

Welcome to 2017!

We have an exciting year planned and we look forward to sharing many professional development and networking opportunities with you.

2017 will build on our strong 2016 platform where we held over 40 events and forums and launched key new initiatives including the Ethics Master Class; the Senior Women in Risk roundtable and the RMA Australia LinkedIn Group (currently 300 members).

This year we will focus on leveraging the power and insight of our 38 institutional members and 1,164 individual members.

RMA Management Committee Decisions at 2017 planning meeting

In January, the Management Committee met to set the strategic focus for the year and plan the supporting events and initiatives. We agreed:

  • to continue monthly events in Sydney and Melbourne, and quarterly events in Brisbane. Acknowledging the risk landscape key themes will include: Global trends and risk impacts; political, regulatory risk and emerging risks and the risk professional of the future.
  • to continue to support of our Interbank Operational; Technology; Model and Compliance Risk forums.
  • in response to member demand to establish a new Financial Crime forum which will meet for the first time this month in Sydney.
  • to continue to build and grow our LinkedIn group.
  • to convene the Chief Risk Officers Forum in September 2017.
  • to convene an additional ‘Ethics at Risk’ master class following the success of the program in 2016, subject to member demand. Please contact Selina at forums@rmaaustralia.org If you are interested in attending one of our Master classes.

Finally, the Management Committee considered the increased costs associated with the expanded RMA services. Over the past five years we have doubled the number of events and forums on offer while holding fees flat. Consequently, the individual membership fee will rise to $60 on 1 April 2017. Note, if you renew or join before this date the current rate of $50 will apply.

Final Message

At a recent meeting of our Interbank Technology Risk Forum, Anne Garlick CRO Technology at Westpac presented on the capabilities for those who succeed in the modern risk environment. Anne emphasised the need to focus on outcomes over process, be group strategy focused not just business unit orientated, scan the horizon, know what is happening in the sector and what will happen, be team oriented and have diversity of thought. Finally, Anne advised that one should be proactive and get involved.

These words by one of our experienced risk professionals encapsulate why you should be an active member of RMA, and encourage your colleagues to be similarly engaged.

Best wishes in 2017. We look forward to seeing you at an RMA event soon.

Catherine Thrum - President

Richard Gilbert - Executive Director

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