COVID-19 Pandemic Preparedness and Enterprise Risk Mgt

COVID-19 Pandemic Preparedness and Enterprise Risk Mgt
Thought Leadership Webinar: Complimentary to the PRMIA Network!  Given the current situation, financial institutions must leverage their risk management programs and expertise to address the challenges brought by the global Coronavirus pandemic. Join our panelists and the PRMIA community to discuss how both financial and operational risks can be better understood and mitigated by applying key components of the enterprise risk management framework.
 


Presented By:
Mario Mosse, President, MMosse Consulting, LLC
Peter Plochan, Principal Risk & Finance Specialist, SAS Institute
Moderated By:
Ken Radigan, CEO, PRMIA


Date:
March 31, 2020


Time:
10:00 - 11:00 a.m. EDT
3:00 - 4:00 p.m. BST 


Session Length:
60 minutes

 

About This Webinar

The outbreak of COVID-19 (Coronavirus) and its global spread since February has created significant immediate challenges to society and risks for the economic outlook. Although the long-term magnitude of the economic shock cannot yet be quantified, the expectations are that it will dampen economic activity. The 2020 GDP estimates and insolvency forecasts are being readjusted as the pandemic continues to spread around the globe and the governments take preventive restrictive measures. At the same time financial markets are already experiencing the worst shocks since the 2008 crisis. For banks, the coronavirus both impacts their operations and also manifests as increased Credit and Market Risks, and these should be addressed by their ERM processes leveraging the existing risk management tools like Stress Testing and Forward-looking Scenario Analysis.

Additionally, a health crisis presents unique operational challenges that often are not addressed by traditional business continuity management systems. Conducting a thorough analysis of specific operational risk scenarios is an important component of a pandemic preparedness plan.  Risk managers can contribute to this effort by leveraging some elements of the operational risk management programs such as scenario analysis, key risk indicators and the issue tracking and resolution process.

About Our Experts  

  
 
  Peter Plochan is Principal Risk & Finance Specialist at SAS Institute, assisting institutions in dealing with their challenges around finance and risk regulations, enterprise risk management, risk governance, risk analysis and modelling. Peter has a finance background (Master’s degree in Banking) and is a certified Financial Risk Manager (FRM) with 13 years of experience in risk management in the financial sector. He has assisted various banking and insurance institutions with large-scale risk management implementations, while working internally and externally as a risk management advisor (PwC).


 
       
  Mario Mosse is the President of MMosse Consulting, LLC, a company that provides risk management advice and training to the financial services industry. Mr. Mosse has significant experience in the areas of enterprise risk management, regulatory compliance, internal audit and project management at major financial services companies. He also has extensive knowledge of U.S. and international financial services and products (retail and corporate banking, securities brokerage, investment banking, asset management and life insurance), as well as risk management and internal control frameworks such as Basel III, Solvency II, and COSO.

Previously, Mr. Mosse was with Prudential Financial, Inc. for 18 years where he was in charge of the company’s operational risk management program. Prior to that, he was the Chief Internal Control Officer for Prudential Securities and Vice President, Management Internal Control of Prudential Investments. Prior to joining Prudential, Mr. Mosse spent 19 years with The Chase Manhattan Bank, N.A. where he was in charge of risk management and compliance for the Corporate Finance Sector, South America Regional Audit Executive, and Vice President, General Auditing.

 
  Ken Radigan, PRM is CEO of PRMIA. He has held high-level posts in prominent multinational insurance corporations, and acted as a risk management consultant in the financial industry.  From 2014 to 2015, he served as the Chief Risk Officer (CRO) of the US and Bermuda operations of Aspen, where he developed and administered a risk management framework and headed multiple global functions, including the operational risk department. Previous to that, he held a variety of positions at AIG, ultimately serving as CRO of the Casualty and Global Risk Solutions divisions. 

Ken holds a B.A. in Mathematics from the University of Dayton, as well as numerous professional designations, including:  Professional Risk Manager (PRM), Chartered Property Casualty Underwriter (CPCU), Associate in Risk Management (ARM), and Associate in Surplus Lines Insurance (ASLI). 


 

Continued Risk Learning Credits: 1

PRMIA Continued Risk Learning (CRL) programs provide you with the opportunity to formally recognize your professional development, documenting your evolution as a risk professional. Employers can see that you are not static, making you a highly valued, dynamic, and desirable employee. The CRL program is open to all Contributing, Sustaining, and Risk Leader members, providing a convenient and easily accessible way to submit, manage, track and document your activities online through the PRMIA CRL Center. To request CRL credits, please email learning@prmia.org.

  Registration  
  Membership Type Price  
       
  Sustaining, Corporate, and RIM Members $ Complimentary  
  Contributing Member $ Complimentary  
  Non Member $ Complimentary  
       

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When
3/31/2020 10:00 AM - 11:00 AM
Where
Thought Leadership Webinar
 

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