July 10 Chapter Meeting

Villa Christina

11:45AM - 3:00PM

Enterprise Risk Management - From the Board to the Network

 

 

Agenda

Program Agenda
11:00 AM – 11:45 AM	Registration
11:45 AM – 12:00 Noon	Chapter Announcements – David Bilko, President, Atlanta Chapter of IIA and Senior Vice President & Chief Audit Executive, SunTrust Banks
12:00 Noon – 12:50 PM	“ERM Failure Modes:  Common Pathologies and How to Avoid Them” The recent turmoil in financial markets and the overall economy at has brought about intense scrutiny and criticism of risk management practices intended to prevent the very calamities we have just experienced.  Indignant cries of “Where was ERM?” are both common and necessary as we try to make sense of the past two years’ pain.  Rick will share from his experience some of the typical ways in which ERM can fail to live up to its espoused value.  More importantly, he will share suggested ways to put ERM on the right track and keep it there, thereby avoiding the most common ERM failure modes.  Richard J. Machold - Head of Enterprise Risk, Invesco Ltd. Mr. Machold’s bio follows the program agenda
12:50 PM – 1:00 PM	BREAK
1:00 PM – 1:50 PM	“Addressing Compliance and Audit in Virtualization and Cloud Computing Environments” .  This session will explain the benefits of virtualization, identify the top challenges enterprises face when it comes to deploying, managing and auditing the virtual infrastructure and outline the latest best practices to control and audit changes in the virtual infrastructure.  With the proper oversight and virtualization management solutions providing granular visibility and control, more sophisticated segmentation, policy enforcement and monitoring of all changes in the virtual environment, audit and compliance professionals can assure IT departments are managing the virtual enterprise based on existing organizational business processes and working toward achieving compliance and audit regulations. Mike Wronski - Vice President, Product Management, Reflex Systems LLC Mr. Wronski’s bio follows the agenda.
1:50 PM – 2:00 PM	BREAK
2:00 PM – 2:50 PM	“A look at the credit rating agencies application of ERM as a evaluation criteria”  Standard & Poor's has announced that it will expand its credit rating process for non-financial corporations to include a review of Enterprise Risk Management.  Steve Dreyer is leading the global initiative for S&P and will discuss why S&P believes adding ERM to the review process will improve credit ratings quality and will provide an update on the process.  S&P's emphasis will be on risk culture/governance and on strategic risk management -- two elements of ERM that they believe are comparable across a wide range of industries. Steve Dryer, Managing Director – Standards & Poor’s Mr. Dryer’s bio follows the program agenda.

 

Speaker Bios

Richard J. Machold, CPA

Rick has over 23 years’ experience across multiple industries and disciplines, including business risk management, process design and improvement, change facilitation, forensic accounting and strategic planning.  He is currently Head of Enterprise Risk at Invesco Ltd. (http://www.invesco.com) and has global responsibility for the company’s enterprise risk management efforts.  As administrative coordinator and member of  Invesco’s Corporate Risk Management Committee, he oversees the continuing development of the company’s ERM framework, tools and practices.

Mr. Machold’s background is primarily in “Big 4” public accounting and consulting, having served as a Partner in PricewaterhouseCoopers Global Risk Management Solutions practice in both St. Louis and Atlanta.  His clients have included the Centers for Disease Control (CDC), the New York Yankees Partnership, Wyeth-Ayerst, Ryder System Inc., NCR Corporation and others.  For several years prior to joining Invesco in January, 2007, Rick was an independent consultant in enterprise risk management to First Data Corporation, based in Denver.  He subsequently served served as Senior Vice President and Chief Risk Officer for Certegy, Inc, a $1 billion revenue transaction processing provider based in Atlanta. 

Rick serves on the board of the On Wings of Eagles Foundation, Inc. and is an active member of the Institute of Internal Auditors and the Risk and Insurance Management Society.  He is a frequent speaker and has authored several articles on enterprise risk management and internal control.  An avid musician (guitarist) for over 30 years, Rick lives in Newnan, Georgia with his wife Erin and daughter, Claire. 

 

Mike Wronski

Mike Wronski brings more than10 years of industry experience to his role as VP of Product Management for Reflex Systems. Prior to joining Reflex he held a senior information security system architect role at GE Healthcare Information Technologies, where he led a global security team in winning and deploying a $500M contract with the UK National Healthcare System. Wronski previously also held senior roles at Starent Networks, Cambia Networks, 3Com and USRobotics. Wronski holds CISSP and certified ethical hacker certifications, as well as an MBA, and a Bachelor of Science degree in Computer Engineering from Florida International University.

 

Steve Dryer

 

Standard & Poor’s
Steve Dreyer leads S&P’s initiative to apply Enterprise Risk Management to the credit analysis process for corporate ratings globally. He is also the U.S. practice leader for Utilities & Infrastructure Ratings, overseeing a group of 40 analysts providing credit ratings and research on investor-owned electric, gas, and water utilities, independent power producers, gas pipelines, project finance, and public-private infrastructure partnerships.

From 2000 to 2006, Steve was North American practice leader for Insurance Ratings. He joined Standard & Poor’s in 1990 with its acquisition of ratings firm Insurance Solvency International, Ltd., whose U.S. subsidiary he managed. Prev¬iously he was responsible for insurance industry forecasting at Chase Econometrics.

Steve earned a B.A. in Statistics from the University of Delaware and did graduate work at Drexel University. He completed executive development programs at the University of Virginia (1996), Columbia University (2005) and INSEAD (2007).

Steve was named to Insurance Newscast’s “List of 100 Most Powerful People in Insurance in North America” from 2002 to 2006. In 2003, he contributed to the Greater New York Safety Council’s “Roundtables on Sector Preparedness”, report¬ing to the 9-11 Commission. He is a director of the Insurance Marketplace Standards Association, which sets ethical standards in the sale of life insurance and annuities.