Risk Transformation

Risk management has grown increasingly complex over the years, prompting organizations to increase the size and reach of their risk management functions. But this hasn’t necessarily resulted in more effective coverage.  Many organizations now have multiple risk functions that exist in silos and are disconnected from one another and the company’s broader business strategy.  This lack of coordination can actually hinder an organization’s ability to manage and capitalize on risk.

Leading organizations are creating a competitive advantage through practical yet valuable improvements to the way risk is managed. The opportunity to do so has never been stronger.  Some common areas for improvement are:

• Improving the risk assessment process to better anticipate and understand risks
• Aligning risk management activities with business objectives to drive value
• Enhancing coordination among risk and control groups to eliminate redundancies
• Operationalizing risk management with technology such as IT GRC tools

During this interactive session, speakers Julie Lathrop and Debbie Lew from Ernst & Young will facilitate a audience participation case study, and share with you their perspective and experiences working with companies large and small who are seeking to more effectively manage their risk functions.

About Julie: 

 Julie Lathrop is an executive in Ernst & Young’s Advisory Services practice. She possesses a deep understanding of risk-based advisory services, including enterprise risk assessment, internal audit, internal controls, third-party contract reviews,  and risk & finance process improvement projects.  Julie currently serves as the Southern California internal audit champion, leading various initiatives including the firm’s global internal audit survey, risk transformation design sessions, and local internal audit executive network events.  She has presented emerging trends in internal audit and internal controls efficiencies, continuous controls monitoring, data analytics, risk assessment and risk transformation for professional associations and industry groups in Southern California.  She is a California CPA, a CIA and  serves on the board of theIIA Orange County Chapter.

About Debbie:

 Debbie brings over 20 years of IT audit and information technology industry experience to her engagements and has led a broad range of advisory engagements involving IT internal controls, IT risk management and governance.  She is currently an IT risk transformation champion for the West Region for EY performing GRC assessments and advising clients on the design and implementation of IT governance/risk management programs.   She also co-led the development of the firm’s global IT risk assessment methodology.  She is a frequent speaker at many professional association chapter and conference events on IT Auditing, Governance and Risk.  She has been on the board of directors for the IIA Toronto chapter, a past president of the ISACA Los Angeles chapter, and chairs the annual LA ISACA Spring Conference.   She is also involved with ISACA/IT Governance Institute at an international level and has been a member of the Audit Committee and as a U.S. representative of the COBIT Steering Committee. Debbie was on the credentialing task force that developed the IT risk management certification, the Certified in Risk and Information Systems Controls (CRISC) certification and is currently on the CRISC committee providing oversight for the certification. Her role at ISACA provides her with leadership opportunities to contribute and advance the profession as well as the ability to have a global perspective.

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