November/December 2022 E-Newsletter
A Message from our Executive Director
Welcome to the final E-Newsletter for 2022,
The last 12 months have been very positive ones for RMA Australia. First, We have well and truly recommenced live face to face events. Of our 19 events held in 2022, the final 4 were face to face. In pursuit of this objective, I thank CBA and their Group CRO, Nigel Williams, for hosting our final Sydney event for 2023. The last Melbourne event was hosted by NAB, with their Group CRO Shaun Dooley also giving his views on the risk equation and its futures.
The presence of RMA’s younger members networking with more experienced and senior risk operatives was pleasing at both events.
At these events, I often point out to our tyros that in attending these events, they are unwittingly building their CVs and their networks, but at the same time, are gaining an edge in their knowledge and skills as risk professionals. Our LinkedIn network often confirms that those who also participate at an industry level tend to succeed in their corporate roles.
If you want to catch up on our webinars over the summer break, you can do this via the member area on our website. Here you will also find the RMA Journal with login details (direct from RMA HQ). I suggest reading the current and back issues of the journals to keep up to date with global risk trends. 2 x CRO’s at separate events recommended professional reading as essential to risk careers. We are fortunate to have this resource available to our members.
Notwithstanding the adversities of the COVID years, RMA’s membership is in a strong position. Currently, we service more than 1250 risk professionals from 43 institutions. The growth of our specialist forums has contributed significantly to this situation, with more than 530 senior risk professionals attending our 13 forums. We convened 52 meetings for these13 specialist risk forums. We also enjoy the overwhelming support of the Group and senior CRO’s most of whom (97 in 2022) attended our annual CRO Forum hosted by EY in September.
The final round of events in November was a record month with five events and almost 500 registrations – two live and three webinars (hosted by Deloitte, Macquarie Bank/EY and Protiviti) offered to members. Special thanks go to our events manager, Kristie Stark and the Events sub Committee so ably chaired by the dynamic Katharine Goulstone from Deloitte. Accordingly, we are well placed to continue in 2023 with events relevant to your professional needs. Details of our February events will be posted early in January. KPMG will host an event linking Brisbane, Melbourne and Sydney. RMA HQ in Philadelphia will also provide us with global insights on a special risk topic. In March, Westpac and ANZ will host our second round of events.
On behalf of the RMA board, I thank you for your support during 2022 and wish you well over the festive season. I hope that at this special time you will have time to rest and enjoy meeting up with friends and family.
FOLLOW RMA AUSTRALIA on LinkedIn to stay up to date with the latest industry and event updates.
Richard Gilbert
Executive Director
SPOTLIGHT ON…..KEVIN WONG
This month, we welcome Westpac’s Kevin Wong as the new Chair of our Operational Risk Forum for 2023.
Which RMA Australia Forum are you involved in and what is your role?
Operational Risk Forum, Chair for 2023.
What is the purpose of this (insert name of) Forum?
To discuss and share insights impacting the financial services industry with respect to operational risk in addition to providing a forum for organisations to discuss operational challenges.
How long have you been involved in RMA Australia’s Forums?
12 months.
In your opinion, what are the biggest challenges facing Risk professionals in our industry as we move into 2023?
1 Regulatory change and expectations from regulators. Risk professionals are challenged with trying to interpret and understand the context and intent of regulatory expectations whilst implementing large-scale change across an organisation that may not always see that benefit.
2 The art of risk management has become more process-oriented rather than outcomes focused. As such, the value of risk professionals and their reputation in a business can be diminished if not able to provide insightful guidance on better risk management practices.
Upcoming webinars and events
There are no more webinars/events scheduled for 2022. The details of our 2023 events will be posted on our website early next year.
Have a safe and happy holiday.
