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.
Common problems with risk and risk assessments
Personal Risk Bias
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?
Proactive vs. Reactive
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.