Enterprise Risk Management
Business Continuity, Risk and Crisis Management Thursday 24th and Friday 25th February 2011
PANEL OF KEY SPEAKERS The future Development of Risk and Crisis Management
Thursday 24th and Friday 25th February 2011 rd 3 Annual event – Barcelona, Spain Hotel 1898**** Eyvind Aven Adrian Clements Vice President Strategic Risk CFO - General Manager You will learn : Risk Management Asset Risk Statoil ArcelorMittal Risk Management in the Information Technology Integrating ERM and Governance Principles Strategic Decision through ERM Global ERM framework Enterprise Wide Risk Management through Ri Francisco Perez Olivier Moumal Systems & Technologies Risk Management Director Vice President Risk Risk Governance: ERM framework Endesa Electric Management Improve Profitability and Reduce Risk through Belgacom Sustainability Business Process Setting Risk Limits and Optimising Risk Management Using Business Intelligence to turn risk into profit Maurizio Micale Dr Tamer Saka Identifying wholesale enterprise fraud Corporate Risk Management & Managing Director Turkish Financial Risk Management Insurance Director EuroAsian Integrating risk management in the decision- ST Microelectronics Willis making Process Incorporating ERM into Business Processe without a Heavy Overhead Organization Dr Simon Rogerson Changing interconnections of the risk department Herbert Broens Chief Risk Officer - Europe Excellence in Risk Management Techniques Former Head of Risk Head of Financial Trading Chartis Insurance Bayer AG
SPONSORS
Enrico Della Gatta Frédéric Groussaud Former Head of Crisis Chief Risk Officer Management Italcementi Alitalia Airlines
PARTNERS
Armand Hoftijzer Igor Mikhaylov Managing Director Head of Risk Management Aon Global Risk Consulting MTS Russia
Robert van Vianen Director Finance
Transformation The Hackett Group Enterprise Risk Management
Business Continuity, Risk and Crisis Management
Day 1 – Thursday 24 February 2011
08:45 Registration and Coffee 13:00 Lunch
09:15 Opening Remarks from the Chairman 14:00 Coffee and Networking time Robert van Vianen Director Finance Transformation The Hackett Group 14:30 Case Study Incorporating Risk Management into Business Processes ND 2 GENERATION WIDE RISK MANAGEMENT Ensuring the risk component is an integral part of everyday business at all level without a heavy 09:30 Case study How an Industrial Company “overhead” corporate risk organisation Implements EWRM Thinking? Senior management involvement Why an Enterprise wide risk management? Implementing and improving this approach to Use of risk committees advance risk maturity Defining relevant risks and aggregating Igor Mikhaylov Eyvind Aven Head of Risk Management Vice President Strategic Risk, CFO Risk MTS Russia Vice-President Russian Risk Management Society Management Statoil
15:15 Case Study ERM Benchmarking and Best Practices 10:15 Case Study Integrating ERM and Governance over the globe Principles in an electrical Company How important is ERM? ERM Governance Structure into Endesa Looking beyond immediate, obvious risks and Risk Assessment Framework learn to evaluate aftereffects that could Monitoring Tools destabilize whole value chains ERM Reporting Enterprise Risk Management (ERM) Best Practices Francisco Perez Thoden Successful case study: What is the add value of ERM for the business Risk Management Director Robert van Vianen Endesa Director Finance Transformation The Hackett Group 11:00 Coffee and Networking time
16:00 Coffee and Networking time 11:30 Case study Enterprise Wide Operational Risk Management through Risk Systems and Technologies 16:30 Case Study The future Development of Risk and Implementing a worldwide risk system policy Crisis Management Integrating efficient technologies to define risks IT tools to support in decision making and Applying risk management across all level of the situation awareness group Virtualization of the crisis centers Adrian Clements Information sharing General Manager Asset Risk Management Use of mobile devices for crisis management Enrico Della Gatta ArcelorMittal Head of Crisis Management
Alitalia
12:15 Case study What should you expect from your Insurer - beyond Insurance? 17:15 Chairman’s Closing Remarks and End of Day Risk is at the heart of their business, so how to
maximise access to the Insurer's risk expertise? How can the Insurer mitigate the insured's risks, both pre-loss and post-loss? Maurizio Micale Corporate Risk Management & Insurance Director ST Microelectronics
Enterprise Risk Management
Business Continuity, Risk and Crisis Management
Day 2 – Friday 25 February 2011
08:45 Registration and Coffee 13:00 Lunch
09:15 Opening Remarks from the Chairman 14:00 Coffee and Networking time Armand Hoftijzer 14:40 Case study ERM and Integrated Insurance Managing Director Management
Aon Global Risk Consulting Risk management at Holdings Integrated Insurance Management concepts 09:30 Case study Risk Management in the Role of risk management in the effective Information Technology insurance management process. Should Risk and Audit be pushing ERM models Relationship between ERM and IIM at all? Tamer Saka Benchmarking best practices Managing Director Turkish and EuroAsian Pros and cons of Risk Committees and Risk Willis Officers – pitfalls to avoid
Improving risk communications to Audit
Committee and Board members Monitoring of risk mitigations actions points 15:00 Case study What Solvency II means for ERM Olivier Moumal The background to Solvency II How it compares to the more traditional ERM Vice President Risk Management agenda Belgacom How the Internal Model and Own Risk and Solvency Assessment work? 10:15 Case study Incorporating ERM into Business The benefits to the business Processes without a Heavy Overhead Dr Simon Rogerson Organization Chief Risk Officer - Europe ERM Governance and Organization: 3 year Chartis Insurance mitigation plan: how to make Corporate and Country work together ERM integration with business processes: 16:00 Coffee and Networking time Budget risk identification and priorization conduct Frédéric Groussaud 16:30 Case study Cost Effectiveness of ERM Chief Risk Officer Financial Risk Management Importance of clear responsibility divisions Italcementi Estimating and reporting cost effectiveness Achieving the right level of quality of risk and 11:00 Coffee and Networking time control thinking
Armand Hoftijzer
11:30 Case study Trade Finance and its coming risk Managing Director under Basel 3 Aon Global Risk Consulting
Analysing Trade Financing Receivables, supply chain, Inventories 17:15 Closing Remarks from the chair and End of Conference financing risks Herbert Broens Former Head of Risk, Head of Financial [email protected] Trading Bayer AG
We would like to thank everyone who has helped with the
12:15 Round Table: Risk Quantifications research and the organization of Axiom Groupe Conference; particularly the speakers for their continued Key risk indicators/fraud This interactive forum provides a platform for support and commitment.
all participants to discuss and bring together
different views Olivier Moumal Belgacom Frédéric Groussaud, Italcementi Herbert Broens Bayer AG
Enterprise Risk Management
Business Continuity, Risk and Crisis Management
Biographies – Day 1
Robert van Vianen Eyvind Aven Director Finance Transformation Vice President Strategic Risk, CFO - Risk Management The Hackett Group Statoil Robert van Vianen has been a Director of Finance Master in business administration, Eyvind Aven joined StatoilHydro in Transformation at The Hackett Group since 2008. Prior to 1992. He has experience from shipping, corporate planning and joining The Hackett Group, Robert worked with economic analysis both in StatoilHydro and in banks. He has been PriceWaterhouseCoopers (Assurance) in Amsterdam. Robert working with risk management since 1996 and has been one of the key has international experience in the field of Performance persons building up the Corporate Risk Management. He is now heading Improvement and Risk Management & Compliance in the Strategic Risk of Statoil's Corporate Risk Management. different industries, of which over 10 years in management positions.
Francisco Perez Thoden Risk Management Director Endesa Maurizio Micale Francisco Pérez Thoden: from 1986 in Endesa where he has developed Corporate Risk Management & Insurance Director all his professional career. From 1986 to 1997 he occupied several ST Microelectronics positions in the Energy Management area in Spain. From 1997 to Since 2000, Mr. Micale has been serving at STMicroelectronics 2000, he was involved in the international activities of Endesa in N.V. one of the largest semiconductors company, formerly Argentina and from 2000 to 2008 he has been involved in Endesa’s part of FIAT Group. In 1999, he joined IMPREGILO Group as activities in Europe with Endesa trading (2000 – 2001) and Endesa Head of Risk Management & Insurance programs. After being Italia (2002 – 2008). From 2009 he is Risk Control Director in Endesa. promoted Group’s Risk Manager East Europe, he developed Mr. Perez was born in 1960 and holds a degree in Industrial Eng from and implemented global company loss prevention and Universidad Pontificia Comillas (ICAI). business continuity’s corporate risk management department, in Milan.
Adrian Clements General Manager - Asset Risk ArcelorMittal Adrian Clements is General Manager Asset Risk Management of ArcelorMittal based in Luxembourg. He is also a member of the Enrico Della Gatta ArcelorMittal risk management committee who support the risk Former Head of Crisis Management management council of the group.Adrian holds an Honours Degree in Alitalia Chemical Engineering from SouthBank University, London and holds From the beginning of his career in Alitalia he has been Fellow status in the Institute of Risk Management, Member status in involved in flight safety issues as Vice-Director of the the International Institute of Risk and Safety Management and senior member in the American Institute of Chemical Engineers.In 2009 he Technical Department of the largest Italian Pilot Association. was voted Strategic Risks Risk Management of the Year for his novel After his appointment as Captain he started his duty in the and practical approach to analysing, developing and implementing a Safety and Quality Department of Alitalia. He is Quality risk management strategy for the group ArcelorMittal world wide. auditor, Aeronautical Accident Investigator, and ICAO and ENAC Security instructor. He has been working for the Igor Mikhaylov establishment of the Alitalia Group Crisis Management Head of risk management division Department since its birth. In the new Alitalia he is Head of Mobile TeleSystems Group Crisis Management, responsible also of the development of He has implemented from scratch and developed MTS the Business Continuity Plan and the automation of enterprise-wide risk management since 2006. In its GAMMA emergency response procedures. Since July 2010 he is rating Standard&Poor’s points MTS ERM as one of the key Chairman of the “Emergency Response Procedures - strengths of corporate governance and states that MTS has Functional Expert Group” of SkyTeam. implemented holistic enterprise risk management system. Igor was awarded “Best risk manager Russia and CIS in 2010” and became Vice-President russian risk management society (RusRisk) in 2011. Enterprise Risk Management
Business Continuity, Risk and Crisis Management
Biographies – Day 2
responsible for customer- ( EUR 6 bil.), country (EUR 2 bil) - and bank risk( limits 10 bil.). He was also responsible for credit insurance of the group ( EUR 1 bil.) and reducing credit risk via bank products and other solutions. For the credit risk management he developed Olivier Moumal various B2B customer-, country- and bank credit scorecards, which Vice President Risk Management produced risk factor- and limit-determinations. Due to the high Belgacom Group number of customers of the Bayer group he created an in-house IT Olivier Moumal is responsible (and started) for Risk Management, platform for building a group wide customer credit risk portfolio. Insurance, business continuity & credit risk management within the From 1989 – 1999 he was in various functions in the Bayer treasury Belgacom Group. For Belcom, he launched in 1997 a reinsurance (i.e. handling FX, develop a tool to control the global interest rate captive (Luxembourg) and coordination center for financial and exposure and installing the Bayer group inter-company clearing). purchase services.(Brussel). He is also specialized as well in pure From 1985 – 1985 he was credit analyst for Deutsche Bank Head financial risks (ALM, risk metrics, securization) as in bad debt and Office Frankfurt. credit risk management (scoring, fraud). He is recognized as an Herbert has studied in Munich (LMU) and Cologne Business expert in computer, telecom and software risks and has published Administration ( special fields auditing, finance and IT) and has a several technical articles on IT/Telecom risk management and degree as Diplom-Kaufmann / MBA. He is a trained banker business continuity. Before joining Belgacom, Olivier has worked (Bankkaufmann). He let ten years the German Chemical Credit successively as a reinsurance expert (Guy carpentier, Marh) as Group. Herbert speaks regularly at B2B Trade conferences, publishes insurance software expert (Bull Europe Paris) as manager insurance financial trade related article and is a lecture at the university. practice (Andersen consulting Brussels) and risk and insurance manager (Glaverbel/Asahi Glass). Tamer Saka General Manager Willis As Managing Director of Turkey and Eurasian Region, main responsibilities are developing, coordinating and managing all risk management and broking business activities within defined Frédéric Groussaud territory. This position is based on London. In 2004, he joined Chief Risk Officer Sabanci Holding as a first Chief Risk Officer of Turkey to the initiation italcementi process of Risk Management Department at Sabanci Holding. Currently, he holds president position of the “Risk and Value Frederic serves as Chief Risk Officer of Enterprise Risk Management Management Working Committee” under TUSIAD, he is also Department (ERM) in Italcementi, the fifth cement producer member of the board and member of the audit committee at worldwide. Aksigorta and Tursa AEO. He regularly gets invitation to both ERM Department is in charge to provide oversight and directions for national and international conferences as a speaker about risk and the management of key risks associated with existing and new insurance management related topics. Dr. Tamer Saka was businesses, ensuring that they are properly identified, assessed, rewarded in two categories of the “2005 EUROPEAN RISK measured and managed across Italcementi Group. In particular the MANAGEMENT AWARDS”. The awards that Dr. Saka received were Enterprise Risk Management Department has to define and develop the first place in the “ENTERPRISE-WIDE RISK MANAGEMENT the ERM Governance in terms of guidelines, processes, roles, PROGRAMME OF THE YEAR” category and the second place in the responsibilities and accountabilities for key risks. It also supports the “YOUNG ACHIEVER OF THE YEAR” category. Functions involved in integrating risk management within strategic planning and business processes, ensuring that all significant risks are properly mitigated through specific actions for improvement. Armand Hoftijzer Managing Director
Aon Global Risk Consulting Armand Hoftijzer joined Aon in 2001 and is Managing Director of Dr Simon Rogerson Aon Global Risk Consulting, Netherlands and leader of Aon’s Chief Risk Officer - Europe European Enterprise Risk Management practice. Chartis Europe Before taking responsibility for Aon's Enterprise Risk Management Dr Simon Rogerson is the Chief Risk Officer for Chartis in Europe. He consulting activities in the Netherlands and in Europe, Armand was has worked in Banking (Barclays Bank), Insurance (AMP, Zurich and Chartis) and Consulting (pwc) with a heavy emphasis on Risk and based in London as a member of Aon's Strategic Account Board Assurance matters in international settings. His career has taken him Europe, responsible for Aon’s service delivery in risk management around the world including time in Europe and the Middle East. He and risk finance to Fortune 1000 companies headquartered in has a PhD and MBA and is a qualified banker. Europe. Prior to joining Aon, Armand worked with the Boston Consulting Group in Amsterdam and with Swiss Re in London. Armand holds a Herbert Broens Masters in Physics and attended the mini-MBA program at IMD. Former Head of Risk, Head of Financial Trading Armand regularly speaks at conferences and in the media on risk Bayer management, and he is a guest teacher at the ERM Master Herbert is responsible since 2009 for financial trade. That includes Programme at the Amsterdam Business School. controlling LC for sales as well as new development in electronic trade finance and regulative impacts. Before he was about ten years Head of Credit Risk Management for the Bayer Group. That includes Enterprise Risk Management
Business Continuity, Risk and Crisis Management
UPCOMING EVENTS
SAMPLE OF PAST DELEGATES