GARP Risk Podcast

At Citibank, David X Martin (http://davidxmartin.com/) developed one of the first comprehensive enterprise risk management processes. While with AllianceBernstein, he was the founding chairman of the Investment Company Institute’s Risk Committee. Drawing on his lengthy career as a risk management executive, consultant/adviser, author and educator, Martin reflects on the state of the risk profession, changes in the risk landscape, and his current work on cyber risk and board governance as managing partner of cybX.

Fully in effect as of May 25, 2018, the far-reaching data security and privacy provisions of the European Union’s General Data Protection Regulation are no longer hypothetical for risk managers and compliance officers. In this podcast, Information Security Forum  managing director Steve Durbin discusses the corporate world’s state of preparedness as it approaches the ongoing financial, operational and reputational challenges.

Fabio Natalucci, Deputy Director of the Monetary and Capital Markets Department at the International Monetary Fund, discusses the April 2018 Global Financial Stability Report (GFSR). A bumpy road ahead could put growth at risk in the medium term, both because short-term financial-stability risks have increased, and because financial vulnerabilities have built up over the years. Natalucci discusses concerns that central banks may abruptly shift monetary policies by quickly raising rates, the ways in which financial markets have benefited from central bank communication, and the increasing challenges faced by policymakers.

Jeh Johnson, former U.S. Secretary of Homeland Security, speaks with Jeremy Davis, VP, Media and Event Producer, GARP about the new age of risk. The risk landscape that we now face is one in which emerging and non-traditional risks intersect to create exponentially complex threats to global stability. That’s where Secretary Jeh Johnson comes in, as he has built his career managing the most complex risks to global security and stability.   Secretary Johnson served as the fourth United States Secretary of Homeland Security (2013-2017). He was General Counsel of the Department of Defense (2009-2012). He is a partner in the Litigation Department at Paul. Weiss, Rifkind, Wharton & Garrison LLP. Secretary Johnson was a keynote presenter at GARP’s  Risk Convention on March 6-7, 2018.

From new fraud-detecting technologies to the ways in which Google disrupts innovation in the financial sector, the FinTech revolution has completely transformed the face of risk management. On Monday, March 5, join Michael B. Imerman for a day-long Master Class on Managing Systemic FinTech and Disruptive Innovation Risks. Listen to Imerman’s introduction to the Master Class now to learn more about the topics that will be covered throughout the class.  

In this episode, Steve Beattie, Principal and Global Financial Crime Operations and Advisory Leader at EY, joins GARP Editor in Chief Jeff Kutler for a discussion about financial crime and the industry response to it. Beattie shares his professional insights on the state of regulation, compliance and law enforcement—particularly as it affects the financial services industry—and on solutions to the challenges that private sector firms are currently facing in this area.

Steve Durbin, Managing Director of the Information Security Forum (ISF), talks to GARP Editor-in-Chief Jeff Kutler about ISF’s 2018 Global Security Threat Outlook. The discussion covers some of its key findings in the areas of crime-as-a-service (CaaS), Internet of Things (IoT), supply chain exposures, regulatory complexity, and board-of-director expectations and governance.  

Mark Watson, Executive Director in EY’s Financial Services Organization (FSO) advisory practice, joins GARP’s Jeff Kutler to discuss the 8th annual EY/Institute of International Finance (IIF) global bank risk management survey, “Restore, rationalize and reinvent: A fundamental shift in the way banks manage risk.” The survey follows the industry’s progress in improving risk management by surveying senior risk executives. This year, 77 banks from 35 countries participated in the survey, including 20 institutions described as “global systematically important banks” (G-SIBs). The discussion touches on key prioritizations of risk, including cybersecurity, data integrity, disruptive technologies, regulatory issues, business models, conduct, board governance, and geopolitical and social issues, as well as the importance of talent recruitment and developing careers in risk.

In the first installment of this series, Jeremy Davis (Vice President, Media and Events, GARP) speaks to Mary Schapiro (29th Chair of the Securities and Exchange Commission) about her work with the Financial Stability Board’s task force. This series will explore the future of risk and risk management in various sectors across the industry. This episode explores Schapiro’s work with the task force on climate-related financial disclosures. For further information, you can go to the TCFD website .  

Jack Tomarchio (former Principal Deputy Under Secretary for Intelligence and Analysis, Department of Homeland Security) shares his invaluable insights into the recent political hacks and teaches the crowd how to think like an intelligence officer.   Tomarchio has served as the senior official in charge of the Intelligence Directorate's intelligence sharing network, and as an advisor on business processes for defense, homeland security, cybersecurity and intelligence fields. He speaks about the best ways to approach proactive geopolitical risk management, discusses the motivation and perceived responses to the hacks, and shares an unclassified threat briefing.