Risk Management vs Compliance – Case Studies

All too often, people are confused or misunderstand what is Risk Management and what is Compliance. Most companies have both a Risk Management function and a Compliance function. For these functions to be effectively chartered in a company, it is important for executive and senior management of the company to fully understand the roles and responsibilities of each function and how the two functions differ. This then will support the construction of an operating framework for each function that will provide the function with the guidance required to carry out their respective duties as well as to complement each other in certain areas of oversight.

To support the understanding of each function, the first segment of the presentation addresses the roles and responsibilities of each function and how they differ. The second segment of the presentation will then examine nine cases of risk episodes that companies/operating entities actually experienced. Each of these cases will demonstrate the Risk Management and Compliance as well as general management deficiencies that contributed to the risk event experienced. It should be noted that these case studies, in addition, will provide very interesting insight into the importance of risk management in general.

Areas Covered in the Session :

  • Understanding the roles and responsibility of the Risk Management function
  • Understanding the roles and responsibility of the Compliance function
  • Identifying how the Risk Management and Compliance function differ
  • Identifying how the Risk Management and Compliance function complement each other
  • Utilizing actual case studies to reflect on various risk events experienced by a company, the consequences the company experienced from each risk event, the causes that brought about the risk event and the preventives that were lacking with respect to each risk event
  • Utilizing these actual case studies to reconfirm the importance of having properly structured Risk Management and Compliance functions with qualified staffing that can help avoid risk events and their potential serious consequences

Who Should Attend:

This webinar will provide valuable assistance to executive/senior management as well as all personnel with responsibility for Risk Management and Compliance oversight responsibilities of a company’s business activities and its functional units:

  • Members of the Board of Directors
  • Executive and Senior corporate managers
  • Business Managers
  • Treasurers
  • Investment Managers
  • Risk Managers
  • Compliance Managers
  • Auditors
  • University Risk Management Educators
  • Regulator Staff

FN3362

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