Risk and compliance experts from the industry will share strategies on how organizations can drive value in a challenging operational risk environment.
FOR IMMEDIATE RELEASE / PRURGENT
September 06, 2012 | Palo Alto, California: MetricStream, the market leader in enterprise-wide Governance, Risk, and Compliance (GRC) solutions, today announced that it will host an Industry Roundtable for Banking and Financial Service organizations, in partnership with the New York chapter of the Risk Management Association (RMA). The Roundtable will be held on September 20, 2012 from 5:30–8:00 pm in New York. Risk, Compliance Subject matter experts in the Banking and Financial Services (BFS) industry will convene at the event to provide insights on “Operational Risk: Using Operational Metrics to Drive Value throughout the Firm.”
In the recent past, BFS organizations have been grappling with various challenges such as an unstable economic environment, the adverse impact of the macro-economic scenario, evolving risks and compliance regulations, and increased regulatory scrutiny. But while these risks remain, operational risks are fast gaining prominence and BFS organizations are prioritizing the need to step up their Operational Risk Management (ORM) programs. Not only from an organizational angle, regulators too, are closely scrutinizing the effectiveness of ORM programs within organizations and how they use it to resolve risks.
At the event, senior operational risk officers from various BFS organizations will hear from an elite panel of industry experts that include Phil Gledhill, Supervising Examiner (Operational Risk) at Federal Reserve Bank of New York, Spyro Karetsos, Head of ERM and Control at The Vanguard Group, Frank Santora, First Vice President at Hudson City Savings Bank, Martin Feuer, Director at Deloitte, and Gaurav Kapoor, Chief Operating Officer at MetricStream.
The discussion will revolve around:
Effective tools and metrics to monitor operational and compliance risks
The impact of capital allocation for operational risks within the organization
Methods and tools to create insightful executive risk reports
Strategies to more effectively inform the board and executive management about GRC technology and risk management
Industry best practices to improve and support risk and compliance management strategies
The MetricStream Operational Risk Management Solution has been implemented in several large and mid-tier financial organizations. Built on an enterprise-wide integrated platform, the solution provides a centralized framework to document, analyse, and monitor all risks. It also streamlines the risk management processes across the enterprise and provides a clear view of the organization’s risk profile. It facilitates collaboration among business units and functions within the organization, and provides real-time risk intelligence through KRIs and executive reports. The solution also comes highly recommended by leading independent analysts.
MetricStream is a market leader in Enterprise-wide Governance, Risk, Compliance (GRC) and Quality Management Solutions for global corporations. MetricStream solutions are used by leading corporations such as UBS, P&G, Constellation Energy, Pfizer, Philips, BAE Systems, SanDisk, Cummins and Sonic Automotive in diverse industries such as Financial Services, Healthcare, Life Sciences, Energy and Utilities, Food, Retail, CPG, Government and Manufacturing to manage their risk management, quality processes, regulatory and industry-mandated compliance and corporate governance initiatives, as well as several million compliance professionals worldwide via the www.ComplianceOnline.com portal. MetricStream is headquartered in Palo Alto, California and can be reached at www.metricstream.com.