July 17, 2024

PRMIA Risk Management Seminars 2007-08

Launched in Spring 2004 the PRMIA Risk Management seminar presents talks on issues of current interest to both professionals and academics in the fields of risk mananagement. PRMIA is an international association of professional risk managers. The seminar series is co-sponsered by the Toronto chapter of PRMIA and by the Fields Insitute. Talks cover a broad range of topics, not necessarily restricted to research in mathematical finance, the topic of the longstanding and complementary Quantitative Finance seminar series.
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PRMIA Risk Management Seminar – Global ERM Series

April 9th

David Koenig, Former Chair and executive Director, PRMIA, Founder, Ductilibility
Enterprise Risk management: Current Topics Gaining the Attention of Regulators, Boards and Risk Managers

Mr. Koenig will discuss three areas of Enterprise Risk Management that are receiving substantial attention today: The role of the Board in Risk Oversight, Aligning Compensation Systems with Risk Management Objectives and the impact of the choice between strategic and control-focused approaches to ERM.

In a recent report that Mr. Koenig and Michael Keehner of Columbia Business School authored, 65 leading firms discussed how their Boards relate to their risk management infrastructure. Mr. Koenig will present some of the key findings from this private study. In late February, Fed Governor Randall Kroszner called on financial service firms to align their compensation systems with risk management principles and to better match pay with the risk created. In 2006, Mr. Koenig authored a chapter on this subject for Michael Ong's Risk Management: A Modern Perspective. He'll discuss some of the key elements of such an alignment. Finally, developments in finance, psychology and other fields like complexity theory may radically change how risk managers pursue their work. Is control having a risk-amplifying impact. What other elements of our current approaches to risk management might be open to question and rethinking?

David R. Koenig is the past Chair of the Board of Directors of the Professional Risk Managers' International Association (PRMIA). He served as Executive Director of PRMIA and President of the PRMIA Institute until the end of September 2007.

David has more than twenty years of managerial and front-line experience in the financial markets. He led the development of three risk management programs and served as the Head of Market and Institutional Credit Risk Management for US Bancorp Piper Jaffray prior to his work with PRMIA. David held lead risk management roles for GMAC/RFC and Principal Residential Mortgage, Inc. (Principal Financial Group), and has held research, trading and risk management roles involving the management of over $50 billion in nominal exposures.

October 24, 2007 5:30 pm Fair Value and Hedge Accounting Issues
Panel: Jacqueline Marchand, Director, Internal Controls, Alcan Inc
Dr. Robert Marsh, Partner, Professional, Technical, Risk and Quality, PricewaterhouseCoopers LLP
Dr. Alexander Shipilov, Director, Financial Risk Management, PricewaterhouseCoopers LLP




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