RMA Newsletter - December 2017

RMA Newsletter - December 2017

It would not be overstating the case to say that risk managers at large have had a challenging year.

Key challenges

The housing market and loans generally have entered a new and more difficult phase, and there has been a raft of new rules from our principal regulators and legislators. All of these changes have significant implications for RMA’s risk professionals, and RMA has endeavoured to develop events and forums designed to enhance the requisite knowledge and skills.

During 2017 the RMA Management Committee (or board) has had ongoing discussions on what should be the focus and intensity of professional development opportunities for RMA’s 1300 members. We’ve been cognisant of the need for relevance in events, as well the imperative to promote enhanced integrity in risk management.

Record numbers

Consequently, we’ve convened a near record number of events in Sydney, Melbourne and Brisbane which have featured key regulatory officials, prominent MPs engaged in the political debate on banking and financial services, CROs and lead economists who head the teams of risk professionals in our larger and mid tier institutions. We’ve also featured senior managers from our professional service providers and IT firms who’ve inter alia given their views on risk management futures and the role that technology will play in managing risk.

These 40 plus events and forums have been overwhelmingly well attended, and in total numbers are well in excess of data for previous years. Some of our Sydney events have ‘filled’ in just 40 minutes and we’ve had to manage long waiting lists. We’ve also seen greater numbers attending in Melbourne and Brisbane.

 

Chief Risk Officer (CRO) Next Generation Conference 2017

RMA’s signature event for the senior echelons of our CRO membership was hosted and organised by KPMG. It was a mark of the program that attracted a record numbers of CROs, 67 in fact.

The day featured high level presentations from APRA Member Geoff Summerhayes, Kate Mozzicarelli Managing Director at Morgan Stanley UK (who spoke on the UK Bear experience), Royal Commission issues address from Paul Howes, ASIC Commissioner John Price and a special reg tech marketplace which included presentations from leading edge software firms.

Special thanks go to KPMG for its creative and relevant ideas in formulating the program.

New Hosts

2017 has seen the advent of new ‘hosting’ members; Australia Post and HSBC. Australia Post staged 2 very innovative events on security and espionage, one of which featured an agent from the FBI - this was a first for RMA. Special thanks goes to Australia Post representative Luke Wajsbrem for his leadership on the events subcommittee.

HSBC convened a first ever debate between two eminent economists taking opposing views on the state of the housing market. We record our appreciation to HSBC’s Jennifer Fung and Mario Rodrigues for their planning and delivery of the October event at HSBC’s Barangaroo Head Quarters.

New institutional members

During 2017 the following institutions joined RMA:

  • Youi Pty Ltd
  • ING Direct
  • State Bank of India, Sydney
  • TAL Life Ltd
  • Deloitte

We especially welcome Deloitte and no doubt they will be hosting events during 2018.

RMA Management Committee

During November our Vice President, Mike Ritchie departed KPMG and accordingly resigned from the RMA board. Mike has been on the RMA board for nine years and has been a valued key board member of our events committee. We will surely miss his penchant for innovation and his enthusiasm for the RMA cause. We wish Mike every success in his next venture.

KPMG has nominated one of its risk partners, Gary Dingley. Gary sat on the board as part of a previous role and was a major force in the growth of our interbank forums. We welcome Gary back and thank KPMG for its on-going support.

Special thanks goes to our events committee comprising:

  • Hanny Hassan – EY & Chair of RMA Events Committee
  • Ian Crofts, Executive Director - EY
  • Per Amundsen, Non-Executive Director - Think Tank
  • Nilesh Deshmukh, Risk Executive - Digital Initiatives, Commonwealth Bank
  • Mishwaza Monsur, Risk Associate, Head of BPB Risk Management - Commonwealth Bank
  • Erin Loch, Head of Credit for QLD - Commonwealth Bank
  • Maeve Lawrence, Risk Executive, Institutional Client Coverage, Risk Management - Commonwealth Bank
  • Sree Jayaprakash, Manager Capability, EA Operations, Enterprise Assurance - National Australia Bank
  • Katrina Roberts, Manager Credit & Risk NSW / ACT - National Australia Bank
  • Belita Fletcher, Associate Director – KPMG
  • Daniel Ostermeyer – KPMG
  • Susan Looi, Head of Financial Risk, ANZ Global Wealth & Private Banking – ANZ
  • Daniel Tomah, Senior Manager, Enterprise Technology Risk and Compliance - ANZ
  • Jo Canavan, Executive Manager Governance & Regulatory change Banking - Suncorp Bank
  • Caroline Brell, Director – PricewaterhouseCoopers
  • Marna Slabbert – Director - PricewaterhouseCoopers
  • Jennifer Fung, Associate Director, COO Office, Global Banking - HSBC
  • Mario Rodrigues, Head of Operational Risk - HSBC
  • Luke Wajsbrem, Senior Manager, Assurance - Australia Post
  • Fiona Walkerden - Macquarie Bank
  • Scott North, Chief Risk Officer - Youi Limited
  • Roger Marcolin, Head of NSW and ACT Credit Risk - Bank of Queensland
  • Alan Lewitton, Senior Manager, Group Risk -Perpetual Limited
  • Richard Gilbert, Executive Director - RMA
  • Kristie Stark, Member & Events Co-ordinator - RMA
  • Amanda McGowan, Member & Events Co-ordinator - RMA

We also thank our interbank forum participants under the leadership of:

  • Interbank Compliance Risk Forum – Jamie Kelly, Chief Compliance Officer of Westpac
  • Interbank Technology Risk Forum – Martin Biggins, General Manager Risk: Technology and Information Security of National Australia Bank
  • Interbank Operational Risk Forum - Kieran McKenna, Chief Risk Officer of Cuscal
  • Interbank Financial Crime Forum – Amanda Wood, Group MLRO and ABC Officer of Westpac
  • Interbank Financial Crime Forum – Karen Nitschke, Head of AML Compliance of ANZ
  • Working Group and Models and Analytical Risks - Skanda Kallur, Enterprise Model Risk Management - IVU, Enterprise Risk, of National Australia Bank

2018 Events

Planning is well and truly underway for our 2018 events roster. ANZ will host the Sydney and Melbourne events in February with the focus on credit reporting. The hosting duties in March will be courtesy of Caroline Brell and PWC and the topic will be on Regulatory Techology.

Have a safe and Merry Christmas and we’ll see you in 2018.

Chris Williams, President

Richard Gilbert, Executive Director

 

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