Building Buy-In: Overcoming the #1 Obstacle to Effective ERM

PRESENTERS

    Sim Segal, FSA, CERA
    President, SimErgy Consulting; Author, Corporate Value of Enterprise Risk Management

    Daniella Uribe
    Senior ERM Modeler, SimErgy Consulting    

REGISTER

Registration deadline:  November 5th, 2018
Cost:  $25 for paid-up members and subscribers  (please login to get this price)
           $30 for other attendees

SESSION DETAILS / WHAT ATTENDEES WILL LEARN

In this session, we discuss the ERM obstacle most commonly-reported: A lack of buy-in by key stakeholders. We will present common patterns and the reasons behind the resistance from key internal and external stakeholders. We then discuss examples of tools and techniques that have been used to successfully build buy-in throughout various stages of the ERM process cycle, including risk identification, risk quantification, risk decision making, risk messaging, ERM framework, and risk governance. We then discuss a case study of how such techniques helped advance the ERM program while building key allies throughout the organization, advancing the risk culture.

At the conclusion of this session, attendees will:

·        Understand common patterns and reasons behind the lack of buy-in for some ERM programs

·        Learn tools and techniques for building buy-in throughout various stages of the ERM process

·        Learn a case study of how these tools were successfully applied to build buy-in and advance risk culture.

 PRESENTATION SLIDES:

Will be available later.

TARGET AUDIENCE: Actuaries interested in ERM.

SUMMARY BIOGRAPHIES

Sim Segal is President and Founder of SimErgy Consulting, a consulting firm specializing exclusively in enterprise risk management (ERM). With 30+ years of experience in measuring and managing risk, Segal is a globally-recognized ERM thought leader with ERM experience in a variety of sectors, such as insurance; banking; credit cards; technology; consumer goods; biotech; telecomm; hospitality; energy; services; timberland; education and research; non-profit organizations; and government bodies. Segal is author of Corporate Value of Enterprise Risk Management (published by Wiley), which is required reading on the syllabi of the SOA and leading universities in the U.S., Canada, the U.K., Australia, China, Italy, Croatia, and Egypt. Segal also serves as director of ERM programs at Columbia University, leading the development of an ERM MS degree. He is also host of Risk Radio™, a weekly radio program featuring discussions and interviews on ERM topics. Segal has also published numerous ERM research studies. Segal graduated summa cum laude from Wayne State University, with a B.A. in mathematics. He is a Fellow of Society of Actuaries (FSA) and a Chartered Enterprise Risk Analyst (CERA).

Daniella Uribe is Senior ERM Modeler, SimErgy Consulting. Daniella leads the risk modeling portion of client engagements, spanning organizations in both financial and non-financial sectors, as well as non-corporate entities such as education and research. Her work involves all aspects of client ERM implementations/advancements, including: risk identification, risk measurement, risk decision making, and risk messaging. Daniella has extensive experience and expertise in the practical yet advanced value-based ERM approach – a synthesis of ERM and value-based management that allows ERM to support routine business decision making such as strategic planning, strategic and tactical decisions, and transactions, in addition to mitigation decisions. Prior to SimErgy, Daniella served as a compliance analyst at Patriot National Insurance and a licensed relationship banker at JPMorgan Chase. Daniella currently also serves on the faculty of Columbia University’s ERM Master’s program, teaching both the foundational and capstone courses. Daniella has an M.S. in Actuarial Science from Columbia University, a Graduate-level Certificate in Applied Statistics from Penn State University, and a B.S. in Economics from Javeriana University.

DATE: Thursday, November 7th, 2018