RMA Announces New Emerging Risks Framework, GCOR Details
PHILADELPHIA, March 5, 2020 /CNW/ -- The Risk Management Association has made available to its members a new Emerging Risks Framework. Put into action, the new Framework helps risk managers assess and address emerging risks which can damage and even eliminate firms and industries, but which also present opportunities for those who capitalize on them.
Developed by RMA's Operational Risk Council and Enterprise Risk Management Council, the Framework is a guide for risk managers to identify, assess, and manage emerging risks—from linking your risk appetite to corporate strategy to developing a risk governance process. In addition to those areas, the Framework's sections include: identifying and assessing emerging risks; data management; understanding behavioral impediments and risk mitigation; and enterprise risk management.
"RMA's Emerging Risks Framework is a tool that will be valuable to any operational risk team," said Joseph A. Iraci, Chair of RMA's Operational Risk Council and the opening speaker at RMA's upcoming Governance, Compliance, and Operational Risk (GCOR) Conference in Cambridge, Massachusetts. "In today's interconnected world, risks are emerging at an alarming rate, so risk managers must have operating models to adjust to changing circumstances and capitalize on new opportunities," said Iraci, Chief Risk Officer at TD Ameritrade Inc., TD Ameritrade Clearing, and TD Ameritrade Futures and FX
"The new Emerging Risks Framework is another example of how RMA is a standards setter and thought leader for the financial services industry," said Edward J. DeMarco Jr., RMA's Chief Administrative Officer, General Counsel, and Director of Operational Risk. "I would like to thank Joe for his leadership and RMA's Operational Risk and ERM Councils for their work in developing it." The RMA Operational Risk Council and Enterprise Risk Management Council promote sound practices in the management of operational risk and enterprise risk management in financial services institutions through the dissemination of methods, tools, and materials.
About GCOR
GCOR XIV will be held April 22-23 at the Hyatt Regency Cambridge in Cambridge, Massachusetts. GCOR is the only conference of its type developed by practitioners for practitioners, and features plenary panels and sessions designed to help you better understand emerging operational risks and best practices in governance and compliance. This year GCOR will be preceded by pre-conference round tables on Third-Party Risk Management, Culture and Conduct, and Incentive Compensation. GCOR panels and sessions will cover: change management, cybersecurity risk, end-to-end process and product review, agile risk management, board reporting, mergers and acquisitions, BSA/AML, AI and machine learning, strategic risk, reputation risk, and privacy. The keynote speaker will be a leader in the field of sustainable investing, Geeta Aiyer, President of Boston Common Asset Management and an investment manager for the Advisory Council to the UN's Principles for Responsible Investment Initiative. For information on registration and the full agenda.
About RMA
Founded in 1914, The Risk Management Association is a not-for-profit, member-driven professional association whose sole purpose is to advance the use of sound risk management principles in the financial services industry. RMA promotes an enterprise approach to risk management that focuses on credit risk, market risk, and operational risk. Headquartered in Philadelphia, Pennsylvania, RMA has 1,900 institutional members that include banks of all sizes as well as nonbank financial institutions. They are represented in the Association by 18,500 individuals located throughout North America, Europe, Australia, and Asia/Pacific.
SOURCE The Risk Management Association
![](https://rt.newswire.ca/rt.gif?NewsItemId=C8210&Transmission_Id=202003051339CANADANWCANADAPR_C8210&DateId=20200305)
Stephen Krasowski, [email protected], 215-446-4095, or Frank Devlin, [email protected], 215-446-4137, http://www.rmahq.org
Share this article