Fiduciary Risk and Fiduciary Risk Management

All firms and persons acting in a fiduciary capacity with respect to a function they perform must fully understand the duties and responsibilities of serving in a fiduciary capacity, what constitutes fiduciary failure and the consequences of such failure. It is, therefore, imperative that fiduciaries understand the risks associated with being a fiduciary, the conditions that can give rise to a fiduciary risk event and the risk management processes that should exist to manage fiduciary risk. This presentation will provide:

  • An understanding of fiduciary roles and fiduciary risk
  • An understanding of fiduciary risk conditions and fiduciary risk events
  • An understanding of fiduciary risk consequences
  • An understanding of fiduciary-like responsibilities
  • An understanding of potential causes of fiduciary risk events within fiduciary functions
  • A particular focus on suitability and disclosure as potential causes of fiduciary risk events

In addition, it will also identify the functions that contain fiduciary responsibilities, site the laws and regulations that govern fiduciary activities and address the recent new DOL Fiduciary Rule.

Why You Should Attend:

Individuals that should attend this training are persons who serve in a fiduciary capacity as individuals or as members of a fiduciary activity within the business as well as individuals who serve in a senior management, risk management, compliance or audit oversight capacity of activities with fiduciary responsibilities. This training would also be of value to regulators who also must address businesses with fiduciary activities under their supervision as well as colleges and universities with risk management as part of a degree curriculum.

Areas Covered in the Session :

  • Fiduciary duties and fiduciary risk
  • Fiduciary risk conditions and fiduciary risk events
  • The nature of fiduciary risk consequences
  • Fiduciary-like responsibilities
  • Functions/activities that contain fiduciary responsibilities
  • Laws and regulations that govern fiduciary activities
  • Potential causes of fiduciary risk events within fiduciary functions
  • A detailed review of suitability and disclosure standards
  • A review of the US Department of Labor (DOL) recent new rule that addresses the fiduciary responsibilities of certain broker/dealer business activities
Who Should Attend:

  • Asset Managers
  • Relationship Managers
  • Investment Managers
  • Private Banks
  • Senior Management
  • Risk Managers and Compliance Officers
  • Auditors
  • Commercial Banks
  • Personal Trust Officers
  • Corporate Trust Officers
  • Investor Services Officers
  • Broker/Dealers
  • Trustees
  • Investment Advisors & Insurance Agents

FN3360

Robert Geary

Robert Geary is the founder of Greenwich Risk Management Advisory Services “LLC” and services as the principal consultant on many of the firm’s consultancy mandates.

Robert has been a banking and finance industry professional for 43 years with 34 years serving in a variety of senior Treasury, financial market, asset management and risk management roles at JP Morgan Chase & Co. For the last 6 years of his career with JP Morgan Chase, Robert had undertaken risk management oversight roles that have included Head of Market, Credit and Operational Risk Management for Chase Asset Management and being Managing Director of Fiduciary Risk Management for the Corporation. During Robert’s career he has served on the Board of Directors of Chase Manhattan Overseas Banking Corporation as well as having served on numerous senior committees. Prior to joining Chase, he held positions at Chemical Bank, Chrysler Financial Corporation and National Bank of North America.

Robert holds a BA degree in Economics from Pace University and did graduate studies in finance at New York University Graduate School of Business. He is a Past President of the New York Athletic Club and iscurrently a member of the Executive Advisory Board of St. John’s University Department of Accounting and Taxation.

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  • Login Information with Password to join the session, 24 hours prior to the webinar
  • Presentation Handout in .pdf format
  • Presentation from the Speaker
  • Feedback form
  • Certificate of Attendance
  • Recording access Information with Password to view the webinar, will be sent 24 hours after the completion of the Live webinar.
  • Presentation Handout in .pdf format
  • Certificate of Attendance