What are “atypical risks”? Are these BIG, ugly surprises, or disruptive emerging trends, or spot events impacting a business significantly if they happen?
Can atypical risks be forecasted, planned for, or acted upon instantly if these events occur? The landscape of enterprise risk management is changing before our eyes, and directors’ important risk oversight responsibilities have dramatically increased.
Join us and your peers for a high-profile, interactive discussion with world-renowned experts and practitioners on risk identification, risk quantification, atypical risk planning, and readiness planning. You’ll also enjoy great networking, delicious food, and a beautiful fall setting in the ballroom at Congressional Country Club.
How to identify atypical risks and the most effective processes
The quantification of risks and prioritization
Leading practices for forecasting and action planning
Dealing with “big messes” and lessons learned
Risk planning failures, forecasting successes, and winning actions
Risk appetites and how to know how much is enough
Signs directors should look for: Does the firm have its act together regarding atypical risk mitigation?
James Lam is a member of the Board of Directors of E*TRADE Financial Corporation, where he chairs the risk oversight committee and is a member of the audit committee. He is also an independent director of RiskLens, a venture-backed technology firm that provides cyber-risk quantification solutions. His previous board experiences include ERisk, Inc. and Covarity, Inc., both risk management technology firms. James is on the faculty of the NACD Board Advisory Services and Foundation Courses where he teaches board risk oversight, enterprise risk management, and cybersecurity. He is an NACD Board Leadership Fellow and is certified by the Software Engineering Institute of Carnegie Mellon in Cybersecurity Oversight. Since 2002, he has served as president of James Lam & Associates, a risk management consulting firm. He works with corporate directors and executives across all industry sectors, including global banks, asset management firms, energy firms, multinational corporations, regulatory agencies, and nonprofits. In a Euromoney survey, James was nominated by clients and peers as one of the world’s leading risk consultants. He previously served as founder and president of ERisk, partner of Oliver Wyman, chief risk officer of Fidelity Investments, and chief risk officer of GE Capital Markets Services. He is noted as the first-ever “chief risk officer” and an early advocate of enterprise risk management. He has been quoted and published in The Wall Street Journal, The Economist, Harvard Business Review, Forbes Magazine, NACD Directorship, and Risk Magazine. He is the author of Enterprise Risk Management (Wiley, 2003; second edition, 2014), which has ranked #1 best-selling among 25,000 risk management titles on Amazon. The book has been translated into Chinese, Indonesian, Japanese, and Korean. His latest book, Implementing Enterprise Risk Management, was published by Wiley in 2017. In 2017, James was elected to the NACD Directorship 100. He was also named as one of the ethnic diversity Directors to Watch by Directors & Boards magazine in 2017. In 2005, 2006, and 2008 Treasury & Risk Management magazine named him one of the 100 Most Influential People in Finance. In 1997, he received the inaugural Risk Manager of the Year Award from the Global Association of Risk Professionals. James graduated from Baruch College in 1983 and received an MBA from UCLA in 1989. He has guest lectured at Harvard Business School as the subject of a university case study. He is currently on the Carnegie Mellon University faculty for their CRO Executive Certification Program.
Judy Lee is co-founder and partner of Dragonfly LLC, a New York–based firm founded in 2000 that provides strategy, risk management, and investment evaluation to CEOs in all industry sectors worldwide. She is a pioneer and leader in risk management starting as a key member of the team that developed the risk methodology at Bankers Trust in the late 1980s. She also worked on financial derivatives and capital market products. After Bankers Trust, Judy was a partner at two international advisory firms in New York—Capital Market Risk Advisors and Capco—before co-founding Dragonfly. She was an adjunct professor at Singapore Management University where she taught Enterprise Risk Management for 10 years—a course she and Liengseng Wee developed. Judy is also a director on the Board of Temasek Lifesciences Accelerator and serves on the Board of Overseers of New York University Stern School. She has served on the board of directors at Solar Frontier, a subsidiary of Showa Shell Sekiyu KK that makes solar panels and develops solar power plants. Judy has an Executive MBA from the Wharton School and a BS from New York University Stern School. She lives in New York City when she is not traveling to clients in the United States and Asia.
Raina Rose Tagle, CPA, CISA, CIA, is a partner with Baker Tilly, an accounting and advisory firm with nearly 3,000 personnel nationwide. She serves as National Practice Leader for Baker Tilly’s Risk Advisory, Internal Audit, and Cybersecurity Services practice, which spans the financial services, health care, higher education and research institution, government contracting, real estate, manufacturing, and professional services industries and provides industry-specialized services in the areas of enterprise risk management, internal audit, financial and operational risk management, cybersecurity and technology risk consulting, Sarbanes-Oxley compliance, fraud investigation, and organizational governance. Raina also leads Baker Tilly's National Higher Education Consulting Services practice, serving clients such as Georgetown University, Princeton University, Harvard University, the University of California System, and the University of Texas System. She serves on Baker Tilly's Board of Partners and leads global Governance, Risk, and Compliance Services for Baker Tilly International. Raina approaches the topic of atypical risks from the perspectives of her experiences as a board of directors chair and member, an audit committee member, an internal auditor, an external financial statement auditor, a chief financial officer, and a not-for-profit executive director. Her community involvement includes serving as the selection committee chair for the Washington Post Award for Excellence in Nonprofit Management and past chair of the boards of directors of Doorways for Women and Families and Miriam's Kitchen. She holds a Bachelor of Science degree from Oklahoma State University.