RMA NY Webinar: 

How to Create and Manage Risk Culture

Date: Wednesday, January 18, 2023 

Panel Discussion: 5:00pm - 6:15pm

Please join the RMA NY Chapter for a virtual session covering cultural risk on Wednesday, January 18, at 5:00pm ET. The panelists will be live together while the attendees will join the session remotely. 

Risk culture drives the behaviors that influence all business practices which is often based on softer skills, informal controls, and invisible and less tangible communications than structured processes. Consequently, each individual's "risk culture" definition may be biased by personal values, ethics, and experiences. The risk management process in firms without a formal risk culture program has a "blind spot" that could create material control deficiencies. In this program we will explore the following:

• How do organizations define, assess, benchmark, and actively manage risk culture?

• Is an organization's risk culture different from Risk Governance and ERM, and how does it link?

• Why does your staff think they already understand what risk culture means?

• Why is risk culture often "the elephant in the room" behind many risk management failures?

• Does your organization implement a holistic analysis of the risk management process?

• How can IT or or an IT risk assessment help management an organization's risk culture program?

• Does your organization maintain a "Risk Culture Heatmap" and perform an annual "Risk Culture Employee Survey"?

• What are the legal concerns for an organization to establish and manage a risk culture program?
  

Speakers:

Thomas Diamante, Ph.D., Diamante Metrics

Dr. Thomas Diamante brings 25 years of c-level, cross-industry and cross-cultural talent and management consulting experience. Translates business strategy into actionable, value-add, talent and human resource practices. Leads behavioral risk assessment for venture capital, financial services and start-up environments. 

Formerly of CIT Group, a division of First Citizens, a top 20 U.S. bank, Tom was Director, Talent & Organizational Capabilities. Tom consulted across financial service institutions (i.e., corporate, commercial, consumer and venture capital) as follow-up to a global role at Merrill Lynch - Global Securities Research & Economics. At Merrill Lynch, he was Vice President of Corporate Strategy & Development, co-leading mission-critical product development teams in New York, London, and Singapore.

Prior to Merrill Lynch, Tom was Senior Manager and Lead Change Consultant for KPMG Consulting (BearingPoint). Earlier in his career, he was National Manager, Human Resources & Executive Development at Altria representing one of six affiliated operating companies on the Global HR Policy & Practice Committee. His consulting experience is distinctive and vast rooted in non-financial due diligence, human capital & culture risk. This background ranges from assessment of c-suite candidates for private equity firms to screening of security professionals for peacekeeping assignments in conflict-laden territories around the world (e.g., Bosnia, E. Timor, Kosovo). As a battle-tested HR executive and organizational psychologist, Tom controls undesirable behavioral risk while unleashing total venture and individual capacity to deliver.

Tom holds a Ph.D. from The Graduate Center, City University of New York in psychology with an industrial & organizational specialization. BA in psychology from Stony Brook University.  Tom is extensively published in peer-reviewed journals and with top-tier book publishers. He completed post-doctoral training in clinical/coaching psychology at the Institute for Behavior Therapy and is a NY licensed psychologist. 

Deborah Hrvatin, Chief Risk Officer, CLS Group

Deborah joined CLS in 2019 as Chief Risk Officer, overseeing the risk function globally. As a specialist in risk management and strengthening controls, she is responsible for CLS’s enterprise risk management framework and for building an enhanced culture of risk identification, challenge and mitigation. Deborah is also responsible for enhancing CLS’s risk dialog across our ecosystem, with the objective of further improving systemic risk awareness and mitigation. She also leads CLS’s commitment to Environmental, Social and Governance (ESG) best practice, establishing a firm wide ESG strategy and framework to build a sustainable business that contributes to the long term goals of society.

Deborah has over 30 years of experience within the financial services industry. She joined CLS from Citigroup, where she was Global Head of Operational Risk Management for the Institutional Clients Group. Prior to joining Citigroup in 2017, Deborah spent 22 years with Deutsche Bank, where she held several leadership roles including Head of Operational Risk for the Americas region and the Global Corporate Finance division and Chief Operating Officer for the Global Securitization Group. Deborah began her career in financial services as a commissioned bank examiner with the Federal Reserve Bank of New York.

Deborah received her BBA and MBA in International Finance from Hofstra University.

Shahryar Shaghaghi, Technology, Risk Management and Cybersecurity Executive, Cytech Partners LLC and Lecturer at Columbia University

Shahryar is a senior executive in technology and risk management, focused on cybersecurity and data privacy programs and has over 30 years of experience across a wide range of organizations in various leadership roles. Lecturer at Columbia University for more than 4 years, focusing on IT Risk Management and Strategic Communications courses for the Enterprise Risk Management Graduate Program.

Shahryar was a partner and practice leader in Technology and Risk Management with major management consulting organizations including Deloitte, Kurt Salmon, BDO, and CohnReznick.  As the Executive Vice President and Head of IT Risk Management at Citigroup, he led the largest risk and compliance implementations in the history of the bank and achieved “satisfactory rating” from OCC and FRB.  Shahryar Served as the senior advisor to the Federal Reserve Bank of NY to oversee and review all FRBNY’s cybersecurity program policies, standards, and frameworks for the FRBNY’s Internal Audit. He led the New York City Department of Education’s Cybersecurity Assessment and enhancement programs. As a member of AICPA’s Center for Audit Quality (CAQ) and Assurance Services Executive Committee (ASEC) Cybersecurity Working Group, Shahryar developed SOC for Cybersecurity (SOC 3) attestation framework.

Richard Vestuto, Managing Director, Data Insights and Forensics, Kroll

Richard Vestuto is a Managing Director in the Data Insights and Forensics service line. Focusing on Privacy Compliance, Contracts, Information Governance and Records Management, he has provided services to many of the world’s top companies. He has authored several articles on privacy regulations, InfoGov, contract management and repapering and has been quoted in The Wall Street Journal, Forbes, Corporate Counsel, Law.com, Bloomberg Law, Financial Times, Financial Management, CFO.com, Legal Tech News, and others regarding various privacy and other regulations governing information and contracts. A licensed attorney, Vestuto brings his legal training and technology experience to his consulting practice.

With a background in helping clients navigate contract issues due to M&A and various regulatory requirements he has assisted numerous companies including; two of the “Big 8” global banks, a legacy American industrial giant dating back to the early 1800s, a top food products brand, an international airline, several consumer products manufacturers, a top social media company and others.

He spent three years on the Board of Directors of ARMA International, the Information Governance and Records Management professional association.  He is a member of the Sedona Conference, the New York State Bar Association, American Bar Association and the International Association of Privacy Professionals (IAPP).

Moderator:

John Noto, Compliance Officer, Input-Output Global

John Noto is the Compliance Officer of Input-Output Global, a blockchain, cryptocurrency, technology company. He oversees his firm’s Compliance Program, and firm-wide responsibilities for operational risk management issues. John has over 30 years within the financial services industry. At the London Stock Exchange Group/FTSE Russell Indexes, John had responsibility in data collections, data quality management, vendor management, and data distribution within the securities markets and was a Senior Operational Risk Manager. Previously, John, as Executive Director, was responsible for identifying, managing, measuring, mitigating, and controlling Operational Risk, Vendor Management, BCM, and directing the SOX compliance requirements at Mizuho Securities USA.  John served on the Risk Management Committee, I.T. Management Committee, Chairperson of the Operational Risk Management Committee, and BCP/Crisis Management Committees. John has had extensive financial services, operational, regulatory, and audit experience with a concentration in Banking, Broker-Dealer, Capital Markets, and Investment Banking industry. He has held several high-ranking positions in Internal Audit and has established first-time Internal Audit and Financial Operational Risk Management Departments for large financial service firms. John’s professional experience includes PricewaterhouseCoopers LLP, NatWest Markets, N.A., Fortis Financial Services, and Friedman Billings Ramsey Group. He also served as the President of the Securities Industry and Financial Markets Association – Internal Auditors Society in 2013 and Co-President of the Risk Management Association in 2015-2017. John has a Bachelor of Science Degree in Accounting from Fairleigh Dickinson University, a Certified Financial Services Auditor, and Accreditation in Internal Quality Assessment and Validation of the Institute of Internal Auditors, FINRA Series 99, and several SOX Certifications.

Thank you to S&P Global Ratings for our Platinum Sponsor for all programming in 2023. 

Registration:

Mark your calendar and register early. Come join us for this professional development effort. Click HERE to register. 

Fees:

New York Chapter Members: $20

Non-Members: $45

Join/Re-Join and Attend: $85 (Membership valid through 8/31/2023)

By renewing or joining the RMA NY today, you will enjoy all member benefits including:

• Substantially reduced fees to attend the monthly programs led by risk professional leaders.
• A forum to exchange ideas with fellow risk professionals.
• Access to the password-protected members section of the Chapter website which includes a searchable directory and group discussions.
• Inclusion in the searchable online directory.