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North West England Regional Group
"Networking NW"

 

Future meetings

Date:

29 April 2008

Time: 11am for 11.30 - 16.30
Venue:

PWC, Benson House, 33 Wellington Street, Leeds, LS1 4JP

(more details will be included in the joining instructions)

Detail:

Financial Perspectives on Risk

  • Calculating Contingencies at Project Level - George Houghton
  • Managing Portfolios and Programmes - David Booth, BAE Systems
  • Valuing Enterprise Risks - Paul Curtis, Ministry of Justice
  • Comprehensive Financial Risk Modelling - Fergus Mackie, Axa Insurance
  • Basel II Overview - Tim Brooke, PWC
 

Calculating Contingencies at Project Level by George Houghton

George will cover:

  • prerequisites for calculating contingencies
  • risk allocation
  • modelling techniques available
  • using risk outputs to change the project approach.

George Houghton started as an engineer in the nuclear industry in the mid 1980s and has since gained a wide range of experience on major projects across a variety of different industries.  He has worked in the field of risk management for the last 16 years and is now Senior Risk Manager at Magnox North, the company decommissioning and operating the northern group of nuclear reactors on behalf of the Nuclear Decommissioning Authority.

 

Managing Portfolios and Programmes by David Booth

 
David will explore the relationships between adjacent risk management disciplines in assessing the collective risk position in a multiple project business environment.  He will examine individual project and portfolio analysis and review techniques from the standpoint of realising optimum outturn performance for the portfolio as a whole. The balance between risk appetite in competitive bidding and assurance in timely delivery is considered in the context of shareholder expectation and a rigorous governance environment.  The significance of clarity of information in all dimensions is emphasised - for project stakeholders, customers, functions and business leaders - with the associated demands this places on culture, awareness, training, behaviours, process and tools.

David Booth has been with BAE Systems Integrated Systems Technologies (Insyte) and its predecessors since 1980. Initially as an early-lifecycle engineering specialist in research and concept development, his work included capturing solution risk through integrating technical, acquisition, integration and delivery risk. In his current role he owns the design and implementation of the project risk process for the business unit as Head of Risk and Opportunity Management Consultancy. For 10 years, David has had a BAE Systems Corporate role in process governance and guidance, including ownership of the Lifecycle Guidance documentation used throughout the international BAE Systems project community.

 

Valuing Enterprise Risks by Paul Curtis

 

Paul will outline how:

  • the financial impacts of the risks that arose when forming the Ministry of Justice (MoJ) were identified, even when the outcomes at risk did not have a direct financial impact ;
  • the changing impact of those risks inherited from the Dept of Constitutional Affairs (DCA) was measured;
  • the potential downstream costs arising from, and the upstream costs to, other government departments; and
  • the operational and strategic monitoring of these financial impacts.

Paul Curtis is with the Risk and Assurance Team at the Ministry of Justice.

 

Comprehensive Financial Risk Modelling by Fergus Mackie

 
All companies have potential liabilities which could affect their ability to stay in business.  This includes the insurance industry and, following the failure of Equitable and others, the FSA came under Government pressure  resulting in the ICAS (insurance capital assessment)  regime.  The intention is to ensure that insurance companies have sufficent capital to enable them to meet all policy holder claims in full.  Fergus Mackie will explain how Axa Insurance implemented its capital optimisation approach drawing on various risk risk factors including: operational risk, reserving risk, underwriting risk, and market and credit risk.  As such the talk will demonstrate how one company brought all its sources of risk together in a coherent and integrated way.

  

Fergus Mackie is Head of Financial Risk Management for AXA Insurance.  He joined AXA in 2006 having been a partner in Strategy Consultants Oliver Wyman.  Prior to this he was a partner at accountants KPMG.  A qualified actuary, he has spent 17 years in General Insurance and has a particular interest in value based management and management information.

 

Basel II Overview, by Tim Brooke.

 

The talk will ask what was Basel I and why Basel I.  Tim will then tell us what Basel II is, how it has changed the landscape for financial servies, and why it is relevant for the world outside financial services.  He will conclude with some discussion of the implementation challenges.

 

Tim leads PWC’s Risk Assurance Services practice for the North of England.  He  joined  PwC  in  2006 following a financial services career with senior roles  in organisations such as JPMorgan, Chase Manhattan Bank, Reuters and Lloyds  Merchant Bank both in the UK and Europe.  He led internal audit and risk  functions  in  diverse  locations,  some  of  which  had  experienced significant  structural  change  either through merger or deployment of new methodologies.  Tim  has  a  detailed  and  highly  practical knowledge of operational,  credit and market risks, particularly in the context of Basel II, the Combined Code and prudential guidance.  His particular expertise is risk  management,  assurance and the governance challenges facing financial ! services firms

Group contact details

If you live or work in the North-West of England and would like to attend a NW event please e-mail Andy Garlick on andy.garlick@riskagenda.com.

 

NW Member Survey

Networking North West surveyed its members to see what it can do to improve their IRM experience. 

Questionnaire Report (pdf 167.58kb)


Previous meetings

Presentations are available for many past meetings - please scroll down to access

31 January 2008

Subject

Jan 08 Meeting Summary (pdf - 20kb)

Speakers/

Presentations

Mark Eaton

Lean and Risk

Roger Mason

Lean in Practice in a Safety Critical Industry

Liz Taylor

Risk and Opportunity

 

 

3 December 2007

Subject

Dec 07 Meeting Summary (pdf - 96kb)

Speakers/

Presentations

Steve Fowler, IRM CEO

Jenny Rayner, Abbey Consulting

Governance, Ethics and Strategy Risks

Presentation (pdf - 32kb)

Captain Thomas J Proctor, Vectra

International Ship and Port Facility Security Code (ISPS)

Presentation (pdf - 32kb)

 

11 October 2007 - Risk Management Competence

Subject

Oct 07 Meeting Summary (pdf - 29.7kb)

Speakers/

Presentations

Geoff Miller Head of Risk Management, United Utilities - Presentation (pdf - 678Kb)
Chris Urwin Principal Consultant, DNV Consulting

Presentation (pdf - 1.78Mb)
Walter Williamson Head of Petroleum Industry, Cogent SSC - Presentation (pdf - 735Kb)
Colette Jolly Head of Operational Risk, Axa Insurance - Presentation (pdf - 160Kb)

 

5 July 2007 - Why Quantify Risk?

Subject

Jul 07 Meeting Summary (pdf - 45.7kb)

Speakers

Peter Campbell (HVR Consulting) -  A Project Perspective

Robin Phillips and Sharon Leeks (British Nuclear Group) - An Enterprise-Wide Perspective Presentation (pdf - 202kb)

Helen Wilkinson (Risk Solutions) - Scientific Uncertainty - Presentation (pdf - 229kb)

Martyn Cubitt (CORDA) - A System Modelling Perspective

 

29 March 2007 - Risk Appetite

 

                  Mar 07 Meeting Summary (pdf - 20.9Kb))
Applying Your Risk Appetite Presentation - (pdf 211.21kb)

 


6 March 2007 -AIRMIC Risk Management Information Systems Roadshow

There are a large number of Risk Management Information Systems (RMIS) available and it is difficult and time consuming to keep up to date with the recent developments in risk management software tools.  To enable you to easily review the main RMIS currently available, a series of demonstrations has been organised by AIRMIC in the form of a roadshow.

A total of seven RMIS will be demonstrated at each location and you will be able to view up to five systems during the day.  This is a great opportunity for you to view the leading RMIS – and there is no charge for attending the event.

 


18 January 2007 - Enterprise Risk Management

The first meeting in the new year was held jointly with the Institute of Internal auditors (IIA) on making enterprise risk management work.  The download below provides the full details and you will see that there was an excellent slate of speakers giving a very practical slant on this key topic.  The meeting was at the Highways Agency in central Manchester and followed by social drinks and then dinner at a nearby chinese restaurant. 

KPMG Presentation (pdf - 860Kb)
AMEC Presentation (pdf - 908Kb)
RG Presentation (pdf - 523Kb)

'December Round Table'

The December 2006 meeting was our annual pre-Christmas round table where we discussed the main risk management topics of the year and share our knowledge.  This enables us to profit from the thoughts and hands-on experience of our colleagues to prepare for the year ahead.  The meeting was followed by social drinks and then dinner.

 


"Safety Risk Management as an Input to Business Strategy"

Joint meeting with IOSH, 5th October 2006

 

Agenda (pdf - 84.6Kb)

'Risk Culture: the Behavioural Influences'

No presentations are available for this meeting


'Governance challenges for the private and public sectors: are you prepared?' 

Joint meeting with IIA (the Institute of Internal Auditors)

9 March 2006, Institute of Directors, Manchester

No presentations are available for this meeting


Joint meeting with ALARM

12 April 2006 (AM)

Bury football club

No presentations available for this meeting


IRM Members 'hot topic' roundtable

1 December 2005

This was a members/prospective members only event at which a variety of 'hot topics' suggested by members were debated.  This enabled attendees to share their experiences informally and learn from others.  Topics discussed included:

  • Identifying and managing partnership risks (outsourcing/joint ventures and public/private partnerships)
  • Establishing and quantifying the costs of risk mitigation
  • Methods and tools for managing risk and performance together
  • Assessing risk management capability

 

Dec 05 Meeting summary (pdf - 122Kb)

ISACA/IRM joint event

23 November 2005

IT Risk Management and Control Risk Self-Assessment

This was a repeat of the oversubscribed event in March featuring two excellent speakers: Vernon Poole of Sapphire Technologies and Andrew Monkhouse of PricewaterhouseCoopers.  Anyone who tried to book for the original event in March but failed was contacted and offered first choice of a place for this November repeat.


Emerging Technology and Business Continuity Risks

Joint meeting with ALARM NW

15 June 2005

The Networking NW group held a successful joint meeting with ALARM in Bolton in June.   Philip Bell of Royal Sun Alliance provided some fascinating insights into emerging risks such as stress, abuse, mobile phone technology, acoustic shock and nanotechnology and the challenge of managing these in a risk averse 'entitlement society'.  Graham Rhodes of Bolton MBC and Geoff Bryant of Strategic Planning Associates explained how the Business Continuity Plan for Bolton MBC was developed.  Bryan Richardson of Currie and Brown rounded off the meeting by presenting a methodology to deal with emerging risks, focusing on risk handling in the NHS using the NHS Design and Risk Toolkit (DART).


IT Risk Management / Control & Risk Self Assessment

Joint Meeting with ISACA (Information Systems Audit & Control Association)

PricewaterhouseCoopers, Manchester, 23 March 2005

This meeting was a joint event with ISACA and  featured speakers on IT Risk Management and Control and Risk Self-Assessment.

 


Physical and Environmental Risks

Joint meeting with ALARM

Manchester, Dec 9 2004

Members of IRM and ALARM in the North-West heard two excellent presentations, from Alan Lee (Norwich Union) who gave us some common-sense pointers on practical Health and Safety Management and Steve Rowan (Environ) whose eye-opening presentation on Environmental Risks was enlightening, scary and entertaining in equal measure.

Speakers' handouts are available for download (PDF format) below.

 

Practical Health & Safety (pdf - 563 Kb) Alan Lee, Norwich Union
Environmental Risks (pdf - 1,900Kb) Steve Rowan, Environ

Optimising the Internal Audit - Risk Management Relationship

Joint meeting with the Institute of Internal Auditors NW

Manchester, Sept 29 2004

 

Speakers were Steven White, Head of Corporate Risk at Sainsbury's who explored achieving the right balance between Internal Audit and Risk Management and Robin Firth, Audit Manager at the Highways Agency who discussed use of the new Treasury assessment tool for Central Government in auditing the effectiveness of the risk management process.

Auditing Risk Management Effectiveness (pdf - 36K) Robin Frith, Highways Agency

Achieving the right balance between Internal Audit and Risk Management

(pdf - 138 K)

Steven White, Sainsbury's

 


Risk Management in action: Sharing members' experience

Manchester June 17 2004

One day conference - Included session on Corporate Governance & Regulatory Update

Seventeen members and guests participated in an event that provided what one delegate described as "Excellent balance between high quality presentations and lively debate"

Each session started with a brief presentation and then continued with a round table discussion. Thanks to Jenny Rayner and Ray Butler for organisation and the Highways Agency for hosting.

The sessions are listed below, with the handouts available as PDF downloads.

Session

Handouts

Risk appetite:

What does it mean? How do we define it? How do we use and communicate it? Differences between the private and public sectors.

Coral Malcolm , Principal Risk Management Officer, Leeds City Council

Risk appetite

(pdf - 89 K)

Risk identification and risk workshops:

How do we do it? What have we learned or changed since we started? How do we prioritise the risks?

Ray Butler, Risk Management Adviser, Highways Agency

Risk identification in Highways Agency

(pdf - 81K)

Management of change - a risky business!

The implementation of management initiatives. How do you engage with change projects? What works and what doesn't?

Jeff Roycroft, Risk Manager, Northern & Central Europe, Rhodia Consumer Specialties Ltd.

No slides used

Risk management with the regulator on your back:

Managing risk in highly regulated sectors

Ian Churchill, Risk Co-ordinator Sellafield Site, BNFL

Risk Management in a highly regulated industry

(pdf - 253 K)

Corporate Governance and Regulatory update:

What's new? What does it mean for the risk manager?

 
  • Coral Malcolm (local government),

 

Local Authority Corporate Governance and Regulations

(pdf - 83K)

  • Ray Butler (central government)

 

Governance in Government

(pdf - 32K)

  • Jenny Rayner (private sector)

Operating and Financial Review

(pdf - 102K)

Embedding risk management:

How can risk management become part of the business DNA? How do we get people involved? How do we maintain momentum?

Jenny Rayner, Director, Abbey Consulting

Embedding

(pdf - 179K)

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Risk Standards and Software

April 28 2004

Joint event between IRM NorthWest and The Information Systems Audit and Control Association, Northern England Chapter

Presenters

Keith Foggon - Security Director, Sapphire Technologies Ltd

Simon Oxley - Managing Director,Citicus Ltd

(pdf - 736Kb)

Outline

The event outlined the developments and increasing importance of risk management in information systems and the standards that exist; This was followed by a demonstration of Citicus ONE Risk Management software ( based on ISF research & including 7799 guidance)

Developed in conjunction with 15 of the world's top companies, Citicus ONE is a web-based risk assessment and management tool. Its design reflects in-depth understanding of what key decision-makers need to control information risk successfully, and rigorous analysis of many hundreds of business-critical systems.

Presenters:

Keith Foggon, Sapphire Technologies Ltd

Simon Oxley Independent consultant in information security

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Joint meeting with the Association of Project Managers

February 5 2004

This full day meeting was organised in conjunction with the Association for Project Management (APM) at the Institute of Directors in Manchester. See below for details of the programme, speakers and presentations. Attendance qualifies for 10 IRM CPD points.

(pdf - 40kb)
M Hopkinson, HVR (pdf - 1134Kb)

APM and Risk

M Shepherd, APM (pdf -146 Kb)

Managing Reputational Risk

J Rayner, Abbey Consulting, IRM (pdf - 310 Kb)

APM certification in PRM

Simon Chalklen (pdf - 71Kb)

Risk SIG

Harrison (pdf - 96Kb)

Why manage risk?

K Boothroyd, Amec, IRM (pdf - 415Kb)

Critical success factors for effective risk management

D Hillson (pdf - 374Kb)

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Inaugural meeting

"North-West England Group Hits the Ground Running"

November 25 2003


The North-West England group's inaugural meeting at Marsh Ltd's premises in Manchester on 25 November was an outstanding success.

19 members heard and discussed presentations from IRM Board Member Barbara Cotton on the IRM's current educational offering and Bryan Richardson (Currie and Brown) on the work of the Emergent Risks Special Interest Group, and took the opportunity for some networking. The next of these Special Interest Group meetings will take place in Sale, near Manchester. For more information see the Emergent Risks page

Plans for the next twelve months were unveiled, including joint events with the APM (5th February - see above) and ISACA (28th April) and some exciting ideas for a mini-conference on embedding risk management in June - watch this page for details of future events.

Thanks to Jenny Rayner, Kate Boothroyd and Ray Butler for organisation, Barbara Cotton and Bryan Richardson for speaking, and to Marsh for hosting.

If you live or work in the North-West of England and would like to register an interest in future NW events please e-mail Andy Garlick on andy.garlick@riskagenda.com.

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