Businesses benefit from Allen Keele's expert training in Risk … · The Barbados Advocate Sunday...
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Sunday June 30, 2019 • 13 The Barbados Advocate Yesterday: 0.8 mm For the month: 53.8 mm For the year: 232.6 mm London 27 Fair Boston 22 Overcast/ Montreal 23 Cloudy Toronto 28 Partly Cloudy New York 28 Cloudy Miami 29 Cloudy 5:35 am 6:29 pm High Tide (First) 1:16 HRS High tide (Second) 14:30 HRS Low Tide (First) 8:06 HRS Low tide (Second) 19:40 HRS Max: 31.1 °C Min: 27.0 °C Fair to partly cloudy, hazy and windy with a few brief isolated showers. By Regina Selman Moore MANAGING risks is a necessary part of doing business. However, some local businesses have recognised the need to get expert advice and direction on how they can set up an Enterprise Risk Management framework, to better mitigate against those challenges, which can affect their economic performance and professional reputation. Well recognised subject matter expert Allen Keele, the Principal of Certified Information Security, a USA based organisation offering world-class management training for a variety of urgent corporate governance and compliance issues, was recently in Barbados to deliver week long lectures at the Hilton Barbados Hotel. The focus was on the topic of Enterprise Risk Management, as well as Business Continuity Management. Keele has assisted Caribbean governments, Central Banks and private entities and institutions in establishing governance of all risk related activities, so as to give competency assurance to third- parties such as the World Bank, OECD (Organisation for Economic Cooperation and Development) and the IDB (International Development Bank). Keele is well known for assisting Governor of the Eastern Caribbean Central Bank (ECCB) Timothy Antoine in setting up the ISO 31000 Enterprise Risk Management and ISO 22301 Business Continuity Management programme. He also assisted the Government of St. Kitts and Nevis in establishing a proper Information Security System and he taught and certified the Cayman Islands Government in preventing, detecting and investigating fraud and abuse. Speaking directly to his work here in Barbados to ensure that organisational practices meet the standards set out by the International Organisation for Standardisation (ISO), Keele told The Barbados Advocate, “Organisations throughout the Caribbean, Barbados included, are now needing to up their game with risk management, business continuity management and other standards of practice, because it is not just a matter of wanting to do the right thing, that has always been there, but now you have to, if you care at all about the IMF (International Monetary Fund) or World Bank.” Noting that representatives from the Central Bank of Barbados as well as the Financial Services Commission (FSC) were also amongst those gathered for the Hilton lectures, Keele lauded the level of support and interest shown in the training. “So what we are doing here this week, we are not just teaching Enterprise Risk Management according to some loose concept, we are here teaching it according to ISO standard. So this means that if the Financial Services Commission wants to have a third party auditor come in from ISO and actually examine the programme they created against the standard, they can actually get a certification for the organisation that is respected and recognised worldwide,” he stressed. A number of participants meanwhile shared their views on how they benefited from the training, offered by Keele. Gayle Marshall, Director of Risk Analytics at the Financial Services Commission (FSC) stated, “The sessions would have started with Enterprise Risk Management training and that would have more or less formed the basis for the second part, on Business Continuity Management. The programme was very comprehensive. I think it was actually well received. We went into a lot of detail and an added benefit was that we actually received document templates that we can take with us.What those should help us to do, is help us to be one step further, when we are actually ready to put (our systems) in place.” Her colleague Emmerson Cadogan added, “Certainly from my perspective as Manager of IT at the FSC, I would have placed more focus on the business continuity aspect, but it was good to learn that this cannot exist in a vacuum, that it has to be part of the greater Enterprise Risk Management aspect.” “Speaking now as the regulator, we want to make sure that as we make this thrust forward, operating at an international level, that the entities that we regulate and supervise also meet that level, so we can work hand in hand, to accomplish the same goal,” Cadogan added. Lester Samuel, Vice President, IT at FastCash Caribbean also spoke well of the training. “From my perspective, the course was well received. The material was on point. We as a company always understood there was a need for this, but our idea of it wasn’t so vast.We needed Allen and his expertise to come in and push us in the direction that we need to go. It was also beneficial to have the regulators in the same room and learn from them that soon enough we are going to be held to that standard and we have already started planning as FastCash, to see how we can move in that direction, in the coming weeks,” Samuel commented. Andre Coore, General Manager of Amalgamated Security Services (Barbados) Limited noted that the sessions were “definitely productive”. “We learnt a lot about how things are done. So a lot of positive changes will be made in the organisation, as we continue to learn and develop and make our systems more efficient and less likely to have breakdowns or issues,” he stated. All participants are meanwhile looking forward to being certified, when they take their upcoming exams, to cement the knowledge acquired. Businesses benefit from Allen Keele’s expert training in Risk Management AROUND 7:30 a.m yesterday,residents in the densely populated areas of St. James and St. Michael experienced low pressure and dry taps as the Barbados Water Authority (BWA) tried to rectify the issues at the Spring Garden Desalination plant. On the BWA hotline, it was indicated that customers in Grazettes, Wanstead Gardens, Husbands, Wanstead Heights, Cave Hill, St. Stephens Hill, Thorpes, Haynesville, Clermont, Durants Village, Kings Village, Rock Dundo, Clearview and surrounding areas have been affected. In St. Thomas Cane Garden, Arthur Seat, Welches Heights, Bagatelle Park, Bagatelle Gardens, Melrose, Redman’s Village, Edgehill, Welches Terrace, Padmore Village and the surrounding areas. The BWA apologised for any inconvenience caused and stated that water tanks were to be dispatched where ever possible in the interim. BWA Desal Plant offline, dry taps, low pressure in parts of St. James and St.Michael Participants gathered in the Hilton’s Executive Boardroom, for one of the training sessions. From left: Manager of IT at the Financial Services Commission (FSC), Emmerson Cadogan; Gayle Marshall, FSC Director of Risk Analytics; Andre Coore, General Manager of Amalgamated Security Services (Barbados) Limited and Lester Samuel, Vice President of IT at FastCash Caribbean. Principal of Certified Information Security, Allen Keele was recently in Barbados to deliver a week of lectures at the Hilton Barbados Hotel, focusing on Enterprise Risk Management as well as Business Continuity Management.
Transcript of Businesses benefit from Allen Keele's expert training in Risk … · The Barbados Advocate Sunday...
Sunday June 30, 2019 • 13The Barbados Advocate
Yesterday: 0.8 mm For the month: 53.8 mm For the year: 232.6 mm
London 27 Fair Boston 22 Overcast/Montreal 23 Cloudy Toronto 28 Partly CloudyNew York 28 Cloudy Miami 29 Cloudy 5:35 am 6:29 pm
High Tide (First) 1:16 HRS High tide (Second) 14:30 HRS
Low Tide (First) 8:06 HRS Low tide (Second) 19:40 HRS
Max: 31.1 °CMin: 27.0 °C
Fair to partly cloudy, hazy and windywith a few brief isolated showers.
By Regina Selman Moore
MANAGING risks is a necessary partof doing business. However, somelocal businesses have recognised theneed to get expert advice anddirection on how they can set up anEnterprise Risk Managementframework, to better mitigate againstthose challenges, which can affecttheir economic performance andprofessional reputation.
Well recognised subject matter expertAllen Keele, the Principal of CertifiedInformation Security, a USA basedorganisation offering world-classmanagement training for a variety ofurgent corporate governance andcompliance issues, was recently inBarbados to deliver week long lectures atthe Hilton Barbados Hotel.The focus wason the topic of Enterprise RiskManagement, as well as BusinessContinuity Management.
Keele has assisted Caribbeangovernments, Central Banks and privateentities and institutions in establishinggovernance of all risk related activities, soas to give competency assurance to third-parties such as the World Bank, OECD(Organisation for Economic Cooperationand Development) and the IDB(International Development Bank).Keeleis well known for assisting Governor of theEastern Caribbean Central Bank (ECCB)Timothy Antoine in setting up the ISO31000 Enterprise Risk Management andISO 22301 Business ContinuityManagement programme. He alsoassisted the Government of St. Kitts andNevis in establishing a proper InformationSecurity System and he taught andcertified the Cayman Islands Governmentin preventing,detecting and investigatingfraud and abuse.
Speaking directly to his work here inBarbados to ensure that organisationalpractices meet the standards set out by theInternational Organisation forStandardisation (ISO), Keele told TheBarbados Advocate, “Organisationsthroughout the Caribbean, Barbadosincluded, are now needing to up theirgame with risk management, businesscontinuity management and otherstandards of practice,because it is not justa matter of wanting to do the right thing,that has always been there, but now youhave to, if you care at all about the IMF(International Monetary Fund) or WorldBank.”
Noting that representatives from theCentral Bank of Barbados as well as theFinancial Services Commission (FSC)were also amongst those gathered for theHilton lectures, Keele lauded the level ofsupport and interest shown in thetraining.
“So what we are doing here this week,we are not just teaching Enterprise RiskManagement according to some looseconcept,we are here teaching it accordingto ISO standard.So this means that if theFinancial Services Commission wants tohave a third party auditor come in fromISO and actually examine the programmethey created against the standard, theycan actually get a certification for theorganisation that is respected and
recognised worldwide,” he stressed.A number of participants meanwhile
shared their views on how they benefitedfrom the training, offered by Keele.
Gayle Marshall, Director of RiskAnalytics at the Financial ServicesCommission (FSC) stated, “The sessionswould have started with Enterprise RiskManagement training and that wouldhave more or less formed the basis for thesecond part, on Business ContinuityManagement. The programme was verycomprehensive. I think it was actuallywell received. We went into a lot of detailand an added benefit was that we actuallyreceived document templates that we cantake with us.What those should help us todo, is help us to be one step further, whenwe are actually ready to put (our systems)in place.”
Her colleague Emmerson Cadoganadded, “Certainly from my perspective asManager of IT at the FSC, I would haveplaced more focus on the businesscontinuity aspect, but it was good to learnthat this cannot exist in a vacuum, that ithas to be part of the greater EnterpriseRisk Management aspect.”
“Speaking now as the regulator,we wantto make sure that as we make this thrustforward, operating at an internationallevel, that the entities that we regulateand supervise also meet that level, so we
can work hand in hand, to accomplish thesame goal,” Cadogan added.
Lester Samuel, Vice President, IT atFastCash Caribbean also spoke well of thetraining.
“From my perspective, the course waswell received. The material was on point.We as a company always understood therewas a need for this,but our idea of it wasn’tso vast.We needed Allen and his expertiseto come in and push us in the directionthat we need to go. It was also beneficialto have the regulators in the same roomand learn from them that soon enough weare going to be held to that standard andwe have already started planning asFastCash, to see how we can move in thatdirection, in the coming weeks,” Samuelcommented.
Andre Coore, General Manager ofAmalgamated Security Services(Barbados) Limited noted that thesessions were “definitely productive”.
“We learnt a lot about how things aredone. So a lot of positive changes will bemade in the organisation, as we continueto learn and develop and make oursystems more efficient and less likely tohave breakdowns or issues,” he stated.
All participants are meanwhile lookingforward to being certified,when they taketheir upcoming exams, to cement theknowledge acquired.
Businesses benefit from Allen Keele’s expert trainingin Risk Management
AROUND 7:30 a.m yesterday,residents inthe densely populated areas of St. Jamesand St. Michael experienced low pressureand dry taps as the Barbados WaterAuthority (BWA) tried to rectify the issuesat the Spring Garden Desalination plant.
On the BWA hotline, it was indicatedthat customers in Grazettes, WansteadGardens, Husbands, Wanstead Heights,Cave Hill, St. Stephens Hill, Thorpes,Haynesville, Clermont, Durants Village,Kings Village,Rock Dundo,Clearview and
surrounding areas have been affected.
In St. ThomasCane Garden, Arthur Seat, Welches
Heights, Bagatelle Park, BagatelleGardens, Melrose, Redman’s Village,
Edgehill, Welches Terrace, PadmoreVillage and the surrounding areas.
The BWA apologised for anyinconvenience caused and stated thatwater tanks were to be dispatched whereever possible in the interim.
BWA Desal Plant offline, dry taps, low pressure in parts of St. James and St.Michael
Participants gathered in the Hilton’s Executive Boardroom, for one of thetraining sessions. From left: Manager of IT at the Financial Services Commission(FSC), Emmerson Cadogan; Gayle Marshall, FSC Director of Risk Analytics; AndreCoore, General Manager of Amalgamated Security Services (Barbados) Limitedand Lester Samuel, Vice President of IT at FastCash Caribbean.
Principal of Certified InformationSecurity, Allen Keele was recently inBarbados to deliver a week of lecturesat the Hilton Barbados Hotel, focusingon Enterprise Risk Management aswell as Business ContinuityManagement.
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