Banking Risk: A Guide to Assessing Risk Strategically

Thursday, May 17th, 2012
2:30 pm - 4:30 pm EST



In banking, risk management is always en vogue. Now more than ever though it seems to be a re-emerging hot topic amongst bank regulators. From regulatory risk to reputation risk every action a financial institution takes opens the door to some level of potential consequence which must be considered. Most times these consequences, while unintended, are not wholly unexpected. Sometimes however the results can be unfortunate and totally surprising. These risk surprises are what lead to regulators second guessing us, customers doubting us, and other bankers thanking us for our missteps. These risk surprises are also usually the result of some failing in the risk assessment process. This ubiquitous tool of risk management is a crucial, and often required, part of modern banking which far too many of us either find too difficult to do or too "busy work-ish" to take seriously. That difficulty or mentality is what allows our banks to be exposed to more risk than they should be. This is certainly trouble and scrutiny we don't need and this webinar will help you avoid that kind of trouble by giving you the tools needed to improve your risk assessment skills and understanding.

Covered Topics: Common problems with risk and risk assessments "The Matrix" Personal Risk Bias Previous experience Increased risk awareness Risk aversion vs. Risk avoidance Function over form Improving risk identification skills The specifics of risks Seeing the forest for the trees What is too much risk? Mitigation Strategy Proactive vs. Reactive Overlapping controls Determining residual risk Giving an assessment of risk Revisiting the risk assessment Honesty is the best risk policy

Presenter - Asaad Faquir Asaad A. Faquir is currently a Compliance Officer in New England. His career in banking began in 2004 at a multi-billion dollar, publicly traded bank in South Florida where he was a VP Internal Consultant and trusted adviser to senior and executive management specializing in risk management, business efficiency and strategic alignment. In 2004 and 2005 he was a part of the management team analyzing and improving the results of the bank's disaster recovery operations during and after Hurricanes Frances, Jeanne and Wilma. Asaad has a BS in Finance from Florida State University, an MBA in Finance from Temple University and a Masters Degree in HR Management from the University of Limerick in Limerick, Ireland. He is a former Rotary International Foundation Ambassadorial Scholar and Adjunct Professor of HR Management.

Who Should Attend?
This webinar is designed to help Risk Managers, Compliance Officers, Bank Executives, Board Members, Operations Managers, IT Officers, and anyone in a financial institution tasked with assessing risks, or reviewing and interpreting risk assessments.