Jon MacDonald sat down with SEBA to answer a brief set of questions.
Read MoreAs the Risk function matures, opportunities are increasing for Risk professionals to move into general leadership roles. We spoke with Mahesh Aditya, former CRO of Visa and current COO (designate) of Santander Holdings USA, to gain insight into this trend and get his perspective on a cross-functional career.
Read MoreLeanna Orr
Sourcing and securing risk management talent has only gotten harder since the industry learned what happens without a enough of it. This article explains the path that some CROs have taken to arrive in their current roles and outlines the challenges of finding the right person for the job.
Read MoreIn a series of interviews that took place in November and December 2016, Risk.net spoke to chief risk officers, heads of operational risk and other op risk practitioners at financial services firms, including banks, insurers and asset managers. Based on the op risk concerns most frequently selected by those practitioners, we present our ranking of the top 10 operational risks for 2017.
Read MorePeter Poulos
Financial services organizations face growing complexities in business, technology,
information and supply-chain interdependencies. Furthermore, the risk management
landscape creates ongoing challenges around effectively monitoring, assessing and
responding to traditional and evolving threats. Taking a holistic and enterprise risk-based
approach towards defining and identifying threats is essential towards enhancing existing
frameworks for incident response and continuity planning.
Clifford Rossi
A poor risk culture may not manifest its deficiencies when times are good, but when the next crisis hits, a lacking risk culture will betray the firm when it counts. I’ve seen too many otherwise good franchises relegated to the history books because their risk culture let them down. The good news is that we know what effective risk culture looks like, and making an investment to create that environment ensures your firm is able to weather whatever financial storm comes its way.
Read MoreKate Bullis, SEBA International
This week is Dreamforce, Salesforce’s biggest event. Over the years, Dreamforce has mushroomed, not just in terms of the number of attendees, but the type. As the participant mix has evolved from mostly sales to sales and marketing, it follows that one can expect to see more Go-to-Market Officers (GTMO) in attendance, particularly given how prevalent the combining of these two functions has become. Where is this combination role coming from and why is it gaining popularity?
Read MoreRiskMinds
In the wake of Wells Fargo testimony, Thomas Curry of the OCC has stated that there will be a program for regulated banks on culture and sales strategy. In the news today, the Fed sent out a directive with a similar message. So, when bad things happen, there can be a piling on in the regulatory world these days. In this context, the panelists shared their observations, focusing on models, costs and international issues related to compliance.
Read MoreKate Bullis, SEBA International
If you want to hire the new breed of CMO, you need a new approach to recruiting. I would argue that one particularly promising approach is design thinking. The five steps of the design thinking process ‒ empathize, define, ideate, prototype and test ‒ create a terrific framework for a CMO search process and help to increase the chances of zeroing in on the best CMO for your company.
Read MoreWilliam Mauldin and Laura Saunders, WSJ
Having an offshore company generally isn’t illegal, but some of the intermediaries have protected their clients by hiding wealth or suspicious transactions in tax havens.
Read MoreGrant H. Beighley and Robert M. Iommazzo, SEBA International
The unbanked everywhere, in the U.S. or Africa, will be banked; the customer will always come first; transactions from institutions large and small will be faster, less expensive, and safer than ever.
Read MorePRMIA
The risk profession is still in many ways in its infancy but has become more dynamic and visible since the financial crisis. As compliance and standards of risk practice continue to evolve, so too does the staffing and pay of the risk professional.
Read MoreNACD
Human capital is simultaneously one of the most critical risks and one of the greatest sources of opportunity for organizations of all sizes and sectors.
Read MoreThe Economist
For the first time in three years, the post-crisis regulatory squeeze no longer tops our retail banking trends. Banks may not like the renewed regulatory focus on know-your-client and suitability, but they now have a more pressing draw on their resources: financial technology (fintech).
Read MoreRiskMinds
Barry Schachter, CRO at 40 North Management, follows up on his panel discussion on emerging risks with Robert Iommazzo, MD at SEBA International. Barry talks about how the impact of regulation and changes in technology are increasing risk.
Read MoreKatherine Heires, GARP
SEBA’s Robert Iommazzo weighs in on the growing demand for risk expertise in the P2P lending space in an article published by the Global Association of Risk Professionals (GARP).
Read More