Conference Day Two: Wednesday, 2nd May 2018
8:30 am - 9:00 am Conference Registration and Welcome Coffee
9:00 am - 9:10 am Opening Remarks by IQPC and the Conference Chair
9:10 am - 9:50 am Enterprise Risk Management Expectations for 2018 and Beyond
2017 saw the revised ISO31000:2017 guidelines released, but organisations are still struggling to make risk management work for them – in particular strategic risk management. Too often it becomes a tedious exercise in workshopping and filling out spread sheets that are not well used. It also becomes challenging to even create a simple shortlist of ‘top risks’ as it is only devised by very few people leading to critical details being missed. This session will explore how organisations can walk the line between simplicity and superficiality as well as move from a culture of ‘risk management compliance’ to one of ‘risk management value-add. In this session Pierre will examine:
- Understanding how to use risk management theory to build good governance and manage complexity
- How to develop innovative strategies to anticipate future strategic and operational risks
- Analysing the future expectations of risk culture, risk appetite and risk maturity to ensure organisations are prioritising risk management
- Gaining influence and traction with senior decision-makers
Pierre Skorich
Director Governance and RiskAustralian Transaction Reports and Analysis Centre
9:50 am - 10:30 am Thought Leadership Session
10:30 am - 11:00 am MORNING TEA AND NETWORKING BREAK
11:00 am - 11:40 am PANEL DISCUSSION: Chief Risk Officer Panel Discussion - How to navigate revised ERM frameworks to achieve better decision-making
- What do changes in the ISO 3100:2017 guidelines and COSO: Enterprise Risk Management – Integrating with Strategy and Performance mean for the future of ERM approaches
- Incorporating these changes within the organisation to encourage simplicity and transparency
- Developing innovative strategies that drive change thus reflecting the changes in the guidelines
11:40 am - 12:20 pm Operational Risk Management: Understanding the Future of Digital Threats with the Department of Premier and Cabinet to Better Prepare for the Future
It is estimated that about 8% of organisations are currently using purpose built Governance, Risk and Compliance software as a way to enhance risk capability. However, with organisations depending on technology, the risk is higher. This session will explore:
- Understanding the latest threats in Cyber and Digital Risks within the organisation
- How to manage an operational risk environment to reduce costs and bring value to the organisation
- How to coordinate pre-planned responses to effectively combat digital threats within the operational risk environment
John O’Driscoll
Chief Information Security OfficerDepartment of Premier and Cabinet Victoria
12:20 pm - 1:20 pm NETWORKING LUNCH
1:20 pm - 2:00 pm PANEL DISCUSSION: Managing the Digital and Cyber Landscape to Better Equip Organisations in this Digital Era
The Cyber Security Strategy was launched in 2016 as a way to promote an improved institutional cyber culture and raise awareness of cyber practice across government organisations and businesses. It is estimated that cyber attacks will leave the Australian economy exposed to a potential $16 billion damage bill over the next decade. This makes it imperative that organisations seek protection and management strategies from current and emerging digital and cyber risks. This session will explore:
- Understanding the emerging changes within the digital and cyber landscape
- How to implement tools and technologies to identify and respond to risks proactively
- How to view cyber risks as an opportunity to improve risk management performance and optimise capital efficiency.
John O’Driscoll
Chief Information Security OfficerDepartment of Premier and Cabinet Victoria
2:00 pm - 2:40 pm CASE STUDY: Expanding Resources and Investing in Greater Risk Management Training to Enhance Capability at the Northern Sydney Local Health District
Greater investment in resources such as information management systems has contributed to the enhancement in risk management capability. There was a notable increase in the provision of risk training and development to the Chief Risk Officer from 32% in 2016 to 40% in 2017. This session will examine:
- How to effectively invest in external support to help better manage external threats
- How to build a solid foundation to equip staff with an understanding of their role in risk management within the organisation’s approach and framework
- How to realise the best techniques of internal risk capability training
2:40 pm - 3:20 pm AFTERNOON TEA AND NETWORKING BREAK
3:20 pm - 4:00 pm CASE STUDY: Enhancing Organisational Resilience to Mitigate Risks and Respond to the Changing Dynamic of Risk
Organisations risk is considered to be the degree of capacity of an organisation’s culture to recover from and respond to change. As the business environment continues to change and the speed of which it accelerates, resilience can be vital in improving the Risk Capability. This session will explore:
- How to respond to the fast paced changes within the organisation’s risk environment to ultimately achieve resilience
- How organisational resilience does not solely focus on culture rather focuses on operational structures
- How to implement strategies to respond and recover from risks in a proactive manner
4:00 pm - 4:40 pm CASE STUDY: Developing Risk Intelligent Approaches to Increase Strategic Risk at Clean Energy Finance Corporation
Strategic Risks are risks that affect the organisation’s business strategy and its objectives. The management of strategic risks allow organisations to analyse the possibility of these risks actualising. With over 81% of organisations in the Asia-Pacific region now explicitly managing strategic risks, the Australian public sector is continuously making the effort to improve their strategic risk management capabilities and performance.
This session Andrew will examine:
- Understanding the role of senior management in Strategic Risk to enhance decision-making
- How to integrate strategic risk analysis into business strategies to achieve greater confidence in capital investment
- How to anticipate and navigate future strategic risks to increase resilience within the organisation
