Cordially invites you to an Open Lecture on:-

Life after the crisis- How to improve Risk Management in your organization!
By

Mr. Horst Simon,

Director of Operational Risk, Horwath MAK Risk Consulting, DIFC

Date: Tuesday, 9th October, 2012 Time: 6:00 pm 8.00 pm (free admission) Venue: BUiD Auditorium, 1st Floor, Block 11, Dubai International Academic City
About the Lecture:
An ineffective risk management process serves no purpose and can significantly impact the financial health of any organization. As a non-revenue generating department, you are often asked to quantify your value and substantiate your budget requirements. This lecture will address the requirements and key elements of an effective risk culture program, including leadership support, strategic planning/ direction and proactive risk mitigation strategies to build sustainable competitive advantage. You will gain ideas, concepts and tools that will help you to demonstrate how your Risk Management program can be enhanced to incorporate the elements of an embedded Risk Management Culture. Often valuable resources are used to investigate, respond to and pay for adverse events that could have been prevented by effective risk management. Risk practitioners generally failed to address these underlying human aspects. Since the publication of the Basle accord, ISO 31000 and other standards and regulations, it has often been argued that compliance with these standards and regulations will mitigate and control risk, but this is only true if the standards & regulations are embraced in an effective Enterprise Risk Management Culture. Just like the policies, procedures and systems, these are worthless if human attitude, acceptance and desired response lack. An effective Risk Management framework must consider the behavior, beliefs and values required to support the defined ERM processes.

About the speaker:

Horst has been in the banking and consulting industries for over 30 years and he recently developed and launched an on-line assessment tool that accurately measures the level of maturity of an organizations risk culture. Supported by the UK-based consultancy, Genius Methods, the Risk Culture Maturity Monitor is set to revolutionize the monitoring of risk management implementation processes in all industries and even improve Central Bank Supervision activities. Horst held previous positions with Mashreq Bank, Emirates NBD, Barclays Bank plc and with the Standard Bank Group of South-Africa Ltd. He lived in four countries and worked in more than twenty.

For further information, call 04 391 3626

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