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North West
England Regional Group
"Networking NW" |
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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)
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| 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
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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. |
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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. |
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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.
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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. |
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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
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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)
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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)
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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)
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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
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.
'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
'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
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| Joint meeting with ALARM
12 April 2006 (AM)
Bury football club
No presentations available for this meeting |
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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
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23 November 2005
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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.
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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).
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IT
Risk Management / Control & Risk Self Assessment
Joint
Meeting with ISACA (Information Systems Audit &
Control Association)
PricewaterhouseCoopers,
Manchester, 23 March 2005
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This
meeting was a joint event with ISACA and featured
speakers on IT Risk Management and Control and Risk
Self-Assessment.
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Physical
and Environmental Risks
Joint
meeting with ALARM
Manchester,
Dec 9 2004
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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.
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Optimising
the Internal Audit - Risk Management Relationship
Joint
meeting with the Institute of Internal Auditors NW
Manchester,
Sept 29 2004
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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.
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
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Handouts
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| 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? |
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- Coral
Malcolm (local government),
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Local
Authority Corporate Governance and Regulations
(pdf
- 83K) |
- Ray
Butler (central government)
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Governance
in Government
(pdf
- 32K) |
- Jenny
Rayner (private sector)
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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) |
>top
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
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.
>top
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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