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Turning Risk Management into a Competitive Advantage for Financial Services
January 12, 2017 @ 10:00 am - 11:00 am CST
If you’re in compliance, risk management or IT, you’ve perhaps grown used to functioning in a support role while others in your company get all the glory. It’s time for you to grab some of the spotlight. But to do that, you need to transform your team/department from a necessary cost to a competitive advantage for your organization.
Integrating risk management activities in a Governance, Risk and Compliance (GRC) platform can help you reach this goal. GRC solutions can help you identify where value and risk live within your organization. Then it’s up to you to contextualize this information for stakeholders so they can use it to best manage risk.
In this session, Sam Abadir, director of LockPath Product Alliances, will share the experiences of two companies that have used their GRC capabilities to create value within their organizations. One is the IT department of a multi-national corporation that used a GRC solution to decrease business risk. The other is the compliance and risk management department of a financial services firm that used GRC to increase compliance efficiencies and cut $500,000 in compliance expenditures which resulted in increased sales.
About the Speakers
Sam Abadir, Director of Product, LockPath
Sam Abadir has over twenty years of experience helping companies realize value through improving processes, identifying performance metrics, and understanding risk. Early in Sam’s career he worked directly with financial institutions and manufacturing companies, helping them understand how risk management could be a competitive advantage. As a Sr. Manager at Deloitte, he broadened his experience focusing on Global 2000 companies. In the past five years, Sam has worked with software companies like LockPath to build the tools that help companies harness the value of understanding and assessing Risk.