Evolution of Risk Assessments with Data & Analytics

Date: Thursday, April 27, 2017 | Time: 8 am PDT | 11 am EDT

Panelists

CPE

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Field of Study:
Management Advisory Services: 1 CPE Credit
Program Delivery Method: Online
Program Level: Intermediate
Advance Preparation/Program Prerequisites: None

Over the last 40 years many significant business, financial or economic crises were not adequately foreseen and prevented. This was evident in the global financial crisis where companies and governments failed to anticipate both the crisis and the impact it would have on the global economy – despite the use of extensive risk identification, evaluation and management methodologies. Examination into the root causes for these ‘failures’ reveal that traditional risk assessment and management methodologies are lacking and unable to provide sufficient, timely warnings as these traditional methodologies focus on mostly qualitative, single risk events, and do not consider risk interconnectedness and “contagion” (i.e. flow on effects) between risks or the speed with which these risks can impact an organization. Additionally, changes to known and emerging risks are not effectively monitored.

In this session, we will illustrate how data and analytics can be effectively used throughout the risk assessment process lifecycle (risk identification => risk assessment & quantification => ongoing risk monitoring) to enhance the process and deliver more timely and valuable insights.

Objectives

  • Explain the use of network theory and proven scientific methods to determine whether individual risks can be expected to cluster together (interconnect) to form concentrations of risk events and the “contagion” (i.e. flow on effects) between these risks
  • Demonstrate how risks can be quantified, applying the latest, leading edge methodologies, to identify economic and financial consequences to the business
  • Highlight techniques to use to effectively monitor changes to known and emerging risks
  • Gain real-time risk insights through an advance data analytics platform

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"Evolution of Risk Assessments with Data & Analytics" - This course is approved by NASBA (National Association of State Boards of Accountancy). The Live online webinar attendees* are eligible for 1 CPE credits upon completion of training.

Speaker3Subharun Mukherjee
Director
MetricStream
 

Mr. Mukherjee leads the marketing efforts for the banking and financial services vertical offerings within MetricStream. Mr. Mukherjee has over 12 years of experience primarily in strategic consulting, sales and marketing. He was associated with the strategy and risk consulting practice for one of the big 4 consulting firms and has been engaged with multiple Fortune 500 organizations in the BFS industry in this capacity. Over the years he have also held management positions driving sales and marketing efforts for enterprise software and services companies like SAP and Wipro. Mr. Mukherjee holds a Master’s in Business Administration majoring in Finance and Marketing from the Indian School of Business in Hyderabad.

Speaker4Nisha Sharma
Senior Manager
MetricStream
 

Ms. Sharma leads the marketing efforts for Audit and Risk Management Solutions offerings within MetricStream. She has over 9 years of experience primarily in consulting and marketing and was associated with the tax consulting practice for one of the big 4 consulting firms and have been engaged with multiple Fortune 500 organizations in this capacity. She has a Bachelor of Commerce (Honors) from Delhi University.