I RM SA Tr a in in g Wh a t ' s Ne w a t I RM SAc.ymcdn.com/sites/ · PDF file ·...
6
March 2017 1. Message from the President 2. Featured articles 3. IRMSA News 4. IRMSA Events 5. IRMSA Training 6. What's New at IRMSA 7. Media Partners Dear IRMSA members 10 March saw the gathering of the IRMSA Executive to reflect on strategy. One of the interesting components of the session was the outcomes that followed from our consideration of what a typical Chief Risk Officer (CRO) looks like and what is expected of him/her. There was wide consensus that the traditional risk management expectations are a given (frameworks, Managing cyber risk is critical to building a resilient organisation—it cannot be left to the IT department. By Junita van der Colff, Manager: Advisory Services, ContinuitySA The role of IT in business has changed dramatically. A company’s IT systems are the main platform on which the business operates: typically, business processes are wholly dependent on various enterprise systems, and its ability to integrate with supply chain partners and interact with customers is similarly dependent on digital channels.
Transcript of I RM SA Tr a in in g Wh a t ' s Ne w a t I RM SAc.ymcdn.com/sites/ · PDF file ·...
March 2017
1. Message from the President
2. Featured articles
3. IRMSA News
4. IRMSA Events
5. IRMSA Training
6. What's New at IRMSA
7. Media Partners
Dear IRMSA members
10 March saw the gathering of the IRMSA Executive toreflect on strategy.
One of the interesting components of the session was theoutcomes that followed from our consideration of what atypical Chief Risk Officer (CRO) looks like and what isexpected of him/her.
There was wide consensus that the traditional riskmanagement expectations are a given (frameworks,
Managing cyber risk is critical to building a resilient
organisation—it cannot be left to the IT department.
By Junita van der Colff, Manager: Advisory Services,
ContinuitySA
The role of IT in business has changed dramatically. A
company’s IT systems are the main platform on which the
business operates: typically, business processes are wholly
dependent on various enterprise systems, and its ability to
integrate with supply chain partners and interact with
customers is similarly dependent on digital channels.
policies, procedures, risk registers etc form an essentialfoundation and must simply be put in place, refreshedregularly, embedded throughout the organisation and theireffectiveness tested).
Nowadays and into the future, expectations of the CROare:
To lead (and leadership)Providing direction (to own staff and theorganisation) in rigorous risk strategy initiativescomprehensively documented in board approvedrisk plansA deep understanding of risk appetite and itsimportant useResponsiveness (and much quicker than before)Enhanced stress testing – to the ever increasing fastpaced, changing, volatile environmentAdvisory providing guidance and adviceCapabilityCollaboration – creating conduits linking multipledisciplines in the organisation; connecting the dotsand being accessibleOpportunity risk management (a new focus on theupside of risk and not just where we have beencomfortable in the downside risk space)Exceptional Risk Reporting – showcasing the riskwork undertaken in useful dashboards andcomprehensive reports – easy fordirectors/stakeholders/decision makers tounderstand etcBusiness confidant/advisor – with positions on thekey committees in the organisations governancestructuresTo maximise the organisation’s corporate insurancespend – demonstrating to underwriters and insurersthe extent of the effectiveness of risk managementin the organisation to curtail ever increasinginsurance premiumsBe attractive to boards (to become high contributinginfluential board members)ResilienceA focus on risks other than the conventional andwell established risks – like financial crime risksincluding inter alia cyber risk and corruption risk;and reputational risk etcEnhanced scenario planning – raising the flagsEffective combined assuranceRoot cause analysis – preventing recurrence oflosses/errors/control breaches – getting to the heartof what needs to be fixedGiving optimal effect to the requirements of King IVEtc, etc….
Wherever you find yourself in your risk managementcareer, how are you placed to meet the expectations ofnow and the future? Are you reflecting regularly on what
Facing the water risks in Southern Africa
By Fred Goede Senior lecturer, Centre for Applied Risk
Management NorthWest University
Droughts and floods are common in Southern Africa and for
centuries the area has been ravished by natural disasters
associated with water, from floods to droughts. So is water
a risk? From a plethora of definitions, risk at its broadest
can be defined as the influence of uncertainty on an
organisations’ objectives public and private sector
organisations alike. So what is the uncertainty associated
with water, that makes it a risk? Or is water merely an issue
that has to be managed, a fact of life that we know the
answers to solve the problem, already?
SHEQ Integrated Risk Management Framework
By Steve Simmonds, Executive Head: Business
Development, IsoMetrix
Quality is defined as a measure of consistent excellence
brought about by a strict commitment to standards that
achieve uniformity of a product in order to satisfy specific
customer or user requirements. However, quality means
different things for different people. Quality is a journey, a
constant striving for better results, and a quest for continual
improvement
you are doing in your role to take it and yourself to the nextlevel? What worked yesterday is important but withoutembracing what is relevant for now and into the future willnot cut it anymore and will differentiate those that make areal difference and those that simply get the job done.
I urge you to consider the list of expectations above – jotus a note if there are other expectations you believerelevant to the modern and effective risk manager … butthe time is now to ratchet it up a notch or 5… and with thisI wish you the best of luck as it remains so exciting to doour work.
Sheralee MorlandPresident Institute of Risk Management of SouthAfrica
IRMSA Membership
IRMSA CORPORATE SALARY SURVEY Pleaseinvolve your organisation:
We have had an excellent response to the survey andthank those that have completed it thus far. The IndividualSurvey has now closed for submissions. The CorporateSurvey will remain open until 7 April 2017. Please assistus by having your organisation complete the CorporateSalary Survey accordingly.
This survey, the first of its kind in South Africa for the RiskManagement Industry, aims to provide both individuals andemployers with valuable information on remunerationmarket trends and practices within the risk managementenvironment.
Click here to begin the online Corporate SalarySurvey
By completing the survey you will receive full
access to the complete and detailed report, once all
findings have been completed.
The results of the survey will be announced at the IRMSAAGM on 20 June 2017. Click here should you requiremore information about the Salary Survey.
09 May 2017 Johannesburg
11 May 2017 Cape Town
25 May 2017 Durban
2017/2018 IRMSA MEMBERSHIP CERTIFICATE
Members, remember that you are able to download yourmembership certificate directly from your online profile viathe IRMSA website.
You will require your log in details in order to proceed.
Please log in using your username and password via theIRMSA website www.irmsa.org.za and follow the stepsbelow to access your certificate:
From the Manage Profile page, navigate toInformation and SettingsClick on Membership CardA new window will open, this is your membershipcertificate that can be saved or printed accordingly
Should you require log in details for your profile or requireassistance with downloading your certificate, pleaserequest this from [email protected] note that a valid certificate for 2017 will reflect theexpiry date of 1 March 2018.
MEMBERSHIP FEES FOR 2017/18 ARE DUE –INDIVIDUAL AND CORPORATE
Membership with IRMSA is due for renewal as of the 1st ofMarch 2017 and members have been emailed theirinvoices. In order to maintain an active membership,please ensure to make payment accordingly.
PAYMENT:
Please use the invoice number as payment
reference and email proof of payment to
CREDIT CARD PAYMENTS:
You can also pay for your membership by credit card(MasterCard or VISA) via your online IRMSA profile on ourwebsite. (Please ensure that your card is 3D enabled inorder to make use of this service).If your card is not 3D enabled, you can still pay by creditcard (MasterCard or VISA) please request a manualcredit card authorisation form [email protected]
CPD FAST FACTS
CruywagenIRMSA Risk Laboratory:
12 & 13 July 2017 Johannesburg
19 & 20 July 2017 Cape Town
03 & 04 August 2017 Durban
Annual IRMSA Conference and Masterclass:
2728 September 2017
29 September 2017 (Masterclass)
Johannesburg
Annual Awards and Gala Dinner:
03 November 2017
Johannesburg
Join us for some insightful training sessions in April
Risk Appetite & Tolerance
10 April 2017
Johannesburg
Facilitator : Zanorashe Bwakura
Click here to view the full CPD Infographic.For any assistance please contact [email protected]
Risk Frontiers Africa Survey 2017
Don't miss out on winning a trip to Europe!!!
The Institute of Risk Management South Africa (IRMSA) isdelighted to be supporting the annual Risk FrontiersAfrica 2017 survey of risk managers across Sub SaharanAfrica. This annual survey is produced by Commercial RiskAfrica (‘CRA’), the monthly digital publication for risk andinsurance managers in Sub Saharan Africa. One luckysurvey respondent will win a trip to Europe*
To complete this short and simple questionnaire,please click here.
Risk Reporting
20 April 2017
Johannesburg
Facilitator : Everhard Carstens
Risk Management For Risk Champions
24 & 25 April 2017
Cape Town
Facilitator : Vanessa Thurlwell
External/InCompany Training
Did you know that IRMSA can offer Risk Management
Training to your specific organisation either at your own
office or at a venue of your choice including the IRMSA
training centre.
We can tailormake an offering for your specific training
needs and requirements.
Talk to us about how we can provide you with this service
today!
Contact Nazlee [email protected] or Nthabiseng
[email protected] or call us on 011 555 1800
T&Cs apply.
2017 IRMSA Risk Report Launch, Breakfast Speaker
Presentations
Newly released presentations from the 2017 IRMSA Launch
Breakfast Speaker Presentations in February 2017.
Click here to view the speaker presentations
*Note: You need to be signed in to view the presentations.
IRMSA Technical Library is now accessible.
Click here to visit the Technical Library on the IRMSA
Website.
*Note: You need to be signed in to access the Technical
Library documentation.
IRMSA YouTube Channel
Keep an eye out for newly released
risk related content on our YouTube
channel.
Click here to subscribe to
IRMSAInsight on YouTube.
Should you wish to contribute to this newsflash, please contact the IRMSA Team at [email protected]
To unsubscribe please click here
Contact IRMSA:
Tel: 011 555 1800 | Fax: 086 647 6191 | Email: [email protected]
1st Floor, Block A, Grayston Ridge Office Park, 144 Katherine Street, Sandton, 2196
This email was sent to '@@email@@' from The Institute of Risk Management South Africa. If you wish to stop receiving email from us, you can simply remove yourself byvisiting: @@unsubscribe_url@@
