The document discusses ISACA, an association for information systems audit, control, and security professionals. It states that ISACA was founded in 1969 by a small group recognizing the need for information and guidance in auditing computer system controls. Today, ISACA serves over 140,000 professionals in 187 countries. The rest of the document appears to be contact information for an event speaker.
Pay attention to what matters in Retail Banking: Invasion of Technology; Risk Identification, Measurement, and Management. The Customer wins, The Bank Wins, The Employee Wins.
Pay attention to what matters in Retail Banking: Invasion of Technology; Risk Identification, Measurement, and Management. The Customer wins, The Bank Wins, The Employee Wins.
How IT Life cycle management can drive efficiencies right across the law firmShaun O'keeffe
How are laws firms investing in technology? Discover insights from a survey commissione dby HSBC and The Lawyer.
Discover how IT life cycle management can support firms to focus on what matters... the client experience and attracting and retaining talent
Take your financial future into your hands! 10% ROI per month with conservative stock strategies. Creating a subscription based program that selects the MOST profitable covered calls, credit spreads, iron condors, inverted butterflies and more. Be part of the beginning!
Wouldn’t you like to know the future? Of course you would – and by attending this webinar you’ll learn the most critical 10 trends in HR Tech. By understanding these trends and what’s driving them, you’ll make better technology purchases. HR Tech is NOT rocket science, but technology advancements are moving quite fast. Our three goals with this session are that you are aware, you understand and you’re confident about the future of HR Tech.
In this webinar, you will:
Get a full map of the current HCM software market.
Find out the 10 technology trends you’ll need to watch.
Understand how evolving HR technology will affect your work.
How IT Life cycle management can drive efficiencies right across the law firmShaun O'keeffe
How are laws firms investing in technology? Discover insights from a survey commissione dby HSBC and The Lawyer.
Discover how IT life cycle management can support firms to focus on what matters... the client experience and attracting and retaining talent
Take your financial future into your hands! 10% ROI per month with conservative stock strategies. Creating a subscription based program that selects the MOST profitable covered calls, credit spreads, iron condors, inverted butterflies and more. Be part of the beginning!
Wouldn’t you like to know the future? Of course you would – and by attending this webinar you’ll learn the most critical 10 trends in HR Tech. By understanding these trends and what’s driving them, you’ll make better technology purchases. HR Tech is NOT rocket science, but technology advancements are moving quite fast. Our three goals with this session are that you are aware, you understand and you’re confident about the future of HR Tech.
In this webinar, you will:
Get a full map of the current HCM software market.
Find out the 10 technology trends you’ll need to watch.
Understand how evolving HR technology will affect your work.
Whether you are creating and leading strategy for your organization or have a role in driving adoption of a strategy there are three, easily avoidable mistakes that many organizations and leaders make: (1) not being clear on intent, (2) not understanding if all leaders are on-board with the strategy, and (3) not predicting and mitigating failure points.
In this webinar, Erica Tetuan, Change Management Practice Lead, will explore:
A formula to ensure the intent is clear and you know your role in bringing the strategy to life
A method for thinking about who needs to be engaged in leading the strategy and how to determine if their support of the strategy and aptitude for leading the change is where you need it to be and how to assess yourself
The power of being predictive to be preventative – how to see around corners to make better decisions and plan for things that might go awry
The future ready cpa are you ready for the challenge - PICPA Leadership Con...CPA.com
Increasing complexity in the future will continue to challenge individual CPAs, their firms and
their clients. CPA.com has partnered with the Institute for Global Futures in an effort to understand
the current state of the profession relative to being “future ready”. Come and learn how
to better anticipate change and adapt faster. Better preparedness to meet the challenges of the
future is critical to tomorrow’s success.
Managing the Risks of AI - A Planning Guide for ExecutivesDaniel Faggella
I gave this presentation to the Mendoza School of Business at Notre Dame University on September 20th, 2018.
The presentation covers 5 major ethical themes of AI's application in business, and simple frameworks for helping executives assess those risks, and the potential costs that they might imply.
The future ready cpa – are you ready for the challenge nj showCPA.com
Increasing complexity in the future will continue to challenge individual CPAs, their firms and
their clients. CPA.com has partnered with the Institute for Global Futures in an effort to understand
the current state of the profession relative to being “future ready”. Come and learn how
to better anticipate change and adapt faster. Better preparedness to meet the challenges of the
future is critical to tomorrow’s success.
It is a reader friendly, practical and easy to follow presentation on the challenges that Financial Institutions have to cope with for a healthy and sustainable growth.
I argue that much of what is proposed in the IFRS 9 document could have been accomplished through Pillar 2 of the Basel Accord in its 2006 release.
Pillar 2 was introduced to put to test Management Capabilities, and Regulatory Credibility. I argue that both failed that test which made the introduction of IFRS 9 a necessity.
Compliance is about identifying the risks that the financial institution could encounter as a result of “Failing To Comply”.
Conduct & document comprehensive Risks Assessment; and the planned remedial measures in a manner appropriate to the requirements of the compliance rule!
This is my message.
A Summary of My Professional Qualifications. It is in Power Point Presentation format for easy and convenient access. Browse through it in "Slide Show Mode" and click on what you want to see.
a qualitative insider's look at the challenges confronted by members of Board of Directors in Governing as Technological Innovations fast forward and invaded the Banking/Financial Landscape; and as Compliance competes with Governance in Oversight.
the article provide a snap shot about CRS but raises concerns about the OECD Tax Authorities intruding into the Financial Sector which is disturbing the peace!
How Excessive Compliance, Complex Sanctions, and prohibitive penalties have driven banks to De-Bank so many clients just to spare themselves the hassle of enhanced due diligence.
GraphRAG is All You need? LLM & Knowledge GraphGuy Korland
Guy Korland, CEO and Co-founder of FalkorDB, will review two articles on the integration of language models with knowledge graphs.
1. Unifying Large Language Models and Knowledge Graphs: A Roadmap.
https://arxiv.org/abs/2306.08302
2. Microsoft Research's GraphRAG paper and a review paper on various uses of knowledge graphs:
https://www.microsoft.com/en-us/research/blog/graphrag-unlocking-llm-discovery-on-narrative-private-data/
The Art of the Pitch: WordPress Relationships and SalesLaura Byrne
Clients don’t know what they don’t know. What web solutions are right for them? How does WordPress come into the picture? How do you make sure you understand scope and timeline? What do you do if sometime changes?
All these questions and more will be explored as we talk about matching clients’ needs with what your agency offers without pulling teeth or pulling your hair out. Practical tips, and strategies for successful relationship building that leads to closing the deal.
Connector Corner: Automate dynamic content and events by pushing a buttonDianaGray10
Here is something new! In our next Connector Corner webinar, we will demonstrate how you can use a single workflow to:
Create a campaign using Mailchimp with merge tags/fields
Send an interactive Slack channel message (using buttons)
Have the message received by managers and peers along with a test email for review
But there’s more:
In a second workflow supporting the same use case, you’ll see:
Your campaign sent to target colleagues for approval
If the “Approve” button is clicked, a Jira/Zendesk ticket is created for the marketing design team
But—if the “Reject” button is pushed, colleagues will be alerted via Slack message
Join us to learn more about this new, human-in-the-loop capability, brought to you by Integration Service connectors.
And...
Speakers:
Akshay Agnihotri, Product Manager
Charlie Greenberg, Host
Kubernetes & AI - Beauty and the Beast !?! @KCD Istanbul 2024Tobias Schneck
As AI technology is pushing into IT I was wondering myself, as an “infrastructure container kubernetes guy”, how get this fancy AI technology get managed from an infrastructure operational view? Is it possible to apply our lovely cloud native principals as well? What benefit’s both technologies could bring to each other?
Let me take this questions and provide you a short journey through existing deployment models and use cases for AI software. On practical examples, we discuss what cloud/on-premise strategy we may need for applying it to our own infrastructure to get it to work from an enterprise perspective. I want to give an overview about infrastructure requirements and technologies, what could be beneficial or limiting your AI use cases in an enterprise environment. An interactive Demo will give you some insides, what approaches I got already working for real.
Epistemic Interaction - tuning interfaces to provide information for AI supportAlan Dix
Paper presented at SYNERGY workshop at AVI 2024, Genoa, Italy. 3rd June 2024
https://alandix.com/academic/papers/synergy2024-epistemic/
As machine learning integrates deeper into human-computer interactions, the concept of epistemic interaction emerges, aiming to refine these interactions to enhance system adaptability. This approach encourages minor, intentional adjustments in user behaviour to enrich the data available for system learning. This paper introduces epistemic interaction within the context of human-system communication, illustrating how deliberate interaction design can improve system understanding and adaptation. Through concrete examples, we demonstrate the potential of epistemic interaction to significantly advance human-computer interaction by leveraging intuitive human communication strategies to inform system design and functionality, offering a novel pathway for enriching user-system engagements.
Essentials of Automations: Optimizing FME Workflows with ParametersSafe Software
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Join us for an insightful dive into the world of FME parameters, a critical element in optimizing workflow efficiency. This webinar marks the beginning of our three-part “Essentials of Automation” series. This first webinar is designed to equip you with the knowledge and skills to utilize parameters effectively: enhancing the flexibility, maintainability, and user control of your FME projects.
Here’s what you’ll gain:
- Essentials of FME Parameters: Understand the pivotal role of parameters, including Reader/Writer, Transformer, User, and FME Flow categories. Discover how they are the key to unlocking automation and optimization within your workflows.
- Practical Applications in FME Form: Delve into key user parameter types including choice, connections, and file URLs. Allow users to control how a workflow runs, making your workflows more reusable. Learn to import values and deliver the best user experience for your workflows while enhancing accuracy.
- Optimization Strategies in FME Flow: Explore the creation and strategic deployment of parameters in FME Flow, including the use of deployment and geometry parameters, to maximize workflow efficiency.
- Pro Tips for Success: Gain insights on parameterizing connections and leveraging new features like Conditional Visibility for clarity and simplicity.
We’ll wrap up with a glimpse into future webinars, followed by a Q&A session to address your specific questions surrounding this topic.
Don’t miss this opportunity to elevate your FME expertise and drive your projects to new heights of efficiency.
Builder.ai Founder Sachin Dev Duggal's Strategic Approach to Create an Innova...Ramesh Iyer
In today's fast-changing business world, Companies that adapt and embrace new ideas often need help to keep up with the competition. However, fostering a culture of innovation takes much work. It takes vision, leadership and willingness to take risks in the right proportion. Sachin Dev Duggal, co-founder of Builder.ai, has perfected the art of this balance, creating a company culture where creativity and growth are nurtured at each stage.
LF Energy Webinar: Electrical Grid Modelling and Simulation Through PowSyBl -...DanBrown980551
Do you want to learn how to model and simulate an electrical network from scratch in under an hour?
Then welcome to this PowSyBl workshop, hosted by Rte, the French Transmission System Operator (TSO)!
During the webinar, you will discover the PowSyBl ecosystem as well as handle and study an electrical network through an interactive Python notebook.
PowSyBl is an open source project hosted by LF Energy, which offers a comprehensive set of features for electrical grid modelling and simulation. Among other advanced features, PowSyBl provides:
- A fully editable and extendable library for grid component modelling;
- Visualization tools to display your network;
- Grid simulation tools, such as power flows, security analyses (with or without remedial actions) and sensitivity analyses;
The framework is mostly written in Java, with a Python binding so that Python developers can access PowSyBl functionalities as well.
What you will learn during the webinar:
- For beginners: discover PowSyBl's functionalities through a quick general presentation and the notebook, without needing any expert coding skills;
- For advanced developers: master the skills to efficiently apply PowSyBl functionalities to your real-world scenarios.
PHP Frameworks: I want to break free (IPC Berlin 2024)Ralf Eggert
In this presentation, we examine the challenges and limitations of relying too heavily on PHP frameworks in web development. We discuss the history of PHP and its frameworks to understand how this dependence has evolved. The focus will be on providing concrete tips and strategies to reduce reliance on these frameworks, based on real-world examples and practical considerations. The goal is to equip developers with the skills and knowledge to create more flexible and future-proof web applications. We'll explore the importance of maintaining autonomy in a rapidly changing tech landscape and how to make informed decisions in PHP development.
This talk is aimed at encouraging a more independent approach to using PHP frameworks, moving towards a more flexible and future-proof approach to PHP development.
Transcript: Selling digital books in 2024: Insights from industry leaders - T...BookNet Canada
The publishing industry has been selling digital audiobooks and ebooks for over a decade and has found its groove. What’s changed? What has stayed the same? Where do we go from here? Join a group of leading sales peers from across the industry for a conversation about the lessons learned since the popularization of digital books, best practices, digital book supply chain management, and more.
Link to video recording: https://bnctechforum.ca/sessions/selling-digital-books-in-2024-insights-from-industry-leaders/
Presented by BookNet Canada on May 28, 2024, with support from the Department of Canadian Heritage.
Smart TV Buyer Insights Survey 2024 by 91mobiles.pdf91mobiles
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Dev Dives: Train smarter, not harder – active learning and UiPath LLMs for do...UiPathCommunity
💥 Speed, accuracy, and scaling – discover the superpowers of GenAI in action with UiPath Document Understanding and Communications Mining™:
See how to accelerate model training and optimize model performance with active learning
Learn about the latest enhancements to out-of-the-box document processing – with little to no training required
Get an exclusive demo of the new family of UiPath LLMs – GenAI models specialized for processing different types of documents and messages
This is a hands-on session specifically designed for automation developers and AI enthusiasts seeking to enhance their knowledge in leveraging the latest intelligent document processing capabilities offered by UiPath.
Speakers:
👨🏫 Andras Palfi, Senior Product Manager, UiPath
👩🏫 Lenka Dulovicova, Product Program Manager, UiPath
Dev Dives: Train smarter, not harder – active learning and UiPath LLMs for do...
Automation risk isaca2017
1. Mohammad Fheili – fheilim@jtbbank.com
Information System Audit &
Control Association
I.S.A.C.A.
Education Committee Event
Wednesday 25th, 2017
Gefinor Rotana, Beirut – Lebanon
“ISACA was incorporated in 1969 by a small group of individuals who recognized a need for a centralized source of
information and guidance in the growing field of auditing controls for computer systems. Today, ISACA serves
140,000 professionals in 187 countries.”
2. Mohammad Fheili – fheilim@jtbbank.com
Mohammad Fheili
“Over 30 years of Experience in Banking.
mifheili@gmail.com (961) 3 337175
Risk & Capacity Building Specialist.
Trainer in Risk, Compliance, and Capacity Building.
University Lecturer: Economics, Risk, and Banking Operations
Currently serves in the capacity of an Executive (AGM) at JTB Bank
in Lebanon.
Served as:
• Senior Manager & Chief Risk Officer at Group Fransabank
• Senior Manager at BankMed
• Talent Development Advisor at ABL
• Economist at the Association of Banks in Lebanon [ABL]
Mohammad received his college education (undergraduate &
graduate) at Louisiana State University (LSU), and has been
teaching Economics and Finance for over 25 continuous years at
reputable universities in the USA (LSU) and Lebanon (LAU).
Finally, Mohammad published over 25 articles, of those many are in
refereed Journals (e.g., Journal of Money Laundering & Control;
Journal of Operational Risk; Journal of Law & Economics; etc.) and
Bulletins.”
5. Mohammad Fheili – fheilim@jtbbank.com
And many more . . .
Did You Live The Experience? … Dream vs. Reality?!
Didn’t you dream of having Super Power? Haven’t You Wished You Can Fly?Avatar…!
PG 13 PG 13PG 134
PG 13 PG 13
Motion‐Picture rating of PG 13
advising parents that some
material in the film may be
unsuitable for children under 13.
11. Mohammad Fheili – fheilim@jtbbank.com
Are You Convinced that we have been evolving in that fashion?
IF YES, then the extreme majority of anticipated/undertaken projects is about
“Automation”, and/or IT Solutions….
RESULTING in:
1. Increasing Demands for IT skills,
2. Technical skills is favored over soft skills
3. Talent Development potentially biased
4. etc.
The Absence of Such Technical Skills will reflect Negatively on the success of the majority of
projects, and introduce an element of heightened Risks in the successful Completion of
Planned Projects…
Are There More!
4th Industrial Revolution:
which is characterized
by the fusion of
technologies blurring
the lines between the
physical, digital, and
biological spheres.
12. Mohammad Fheili – fheilim@jtbbank.com
We Have Evolved Indeed…
1. Are We Better Off?
2. Has it Been An Evolution or a
Revolution?!
3. Has ‘IT’ Made Our Lives
Easier?
4. Disruptive Technologies!
5. ‘IT’ Has Induced Unbearable
Complexities!
Technology combined with increasing day-to-day necessities (is it? Or Desires?) is
the most significant driver of business change!
20. Mohammad Fheili – fheilim@jtbbank.com
The NCAA
Playing Rules Oversight Panel has approved an experimental rule that will
allow the Big Ten and Mid‐American conferences to use instant replay on
certain plays within the restricted area arc during the 2016‐17 season.
The experimental rule, which will be in effect only during conference
play, can be used when an official believes that an incorrect call was
made on a restricted area ruling, or when a head coach makes an appeal
for a review.
If a coach appeals and the instant‐replay review determines the official’s
call was correct, the appealing coach’s team will be charged a timeout. If
the call is reversed on appeal, no timeout will be charged.
In the NBA
If referees confirm the shot was made in time (or have no
conclusive video to overturn their on‐court ruling), referees
also look to confirm:
• Whether the shot was a two‐ or three‐point attempt, or
• Whether the shooter committed a boundary line violation
or the ball touched an out‐of‐bounds area, such as the
stanchion, prior to entering the basket. If it did, the goal
would be disallowed.
If the shot was not made in time, referees will still try to
determine if any of the following occurred before the ball left
the shooter's hand and adjust the shot and game clocks
accordingly:
• The shooter stepped on a boundary line,
• The 24‐second clock expired,
• There was an 8‐second backcourt violation, or
• A player or players committed an unsportsmanlike act or
unnecessary contact.
Exception: Instant replay is not used in cases where the made
basket followed a throw‐in, free throw attempt or jump ball
started with 0.2 or 0.1 on the game clock because players can
only tip the ball in those situations according to the
Comments on the Rules, Section II L.
The NFL’s
instant replay debate has been a hot‐button issue since games were first
regularly televised in the late 1940s. Traditionalists, hesitant to interfere
with the purity of the game by removing human error, clashed with those
eager to embrace technology and all that it offered the game.
The NFL has come to embrace instant replay, but the process that led to
the state‐of‐the‐art system the league uses today was not always
seamless. The history of instant replay in professional football is filled
with stops and starts; missteps and controversy; and modifications and
improvements that continue to this day.
Instant replay’s history begins in earnest four decades ago — with a man
and a stopwatch.
Is there any evidence or reason why FIFA is so against adding instant
replay to soccer?
InstantReplay
21. Mohammad Fheili – fheilim@jtbbank.com
Banking …. got complicated
ComplexityTechnology-Induced
Innovation that Displaces established Market Leaders, Technologies & Alliances
PLUS Creates a new Market or Industry & Value Networks!
24. Mohammad Fheili – fheilim@jtbbank.com
have led to:
Increased Usage of Impersonal Electronic Services
• Low Cost Electronic Services;
• Widespread and Diffused Customer Base.
This, in turn led to:
Lower Customer Intimacy.
Reduced Switching Costs Between Different Banks (Customers these days are
constantly shopping for the better deal)
Increased Chances of Fraud and Credit Risk
Increased the Demand for Transparency
• Less Time to Know and Influence Customers.
Research shows that Customer Interest peaks and falls rapidly especially in
response to a Promotional Event.
This makes it absolutely necessary for banks to optimally leverage all
available customer touch points so as to be able to influence the customer
(e.g., You find ads and offers on ATM receipts).
25. Mohammad Fheili – fheilim@jtbbank.com
More About Technology‐Induced Complexity
The Introduction of any form of technology in a given production process or
the mere modification of an existing IT environment necessitates a number of
changes which spillover on Bank Performance: Staff Skills, Workflows, Policies
& Procedures, and a host of other changes.
In today’s technologically intense production processes, information
technology (IT) risks cannot be considered independently of other types of
risks since it reflects on our ability to serve and satisfy our clients.
Because processes are Technology dependent, Accurate, Complete and timely
data collection has changed from being mostly qualitative to overwhelmingly
quantitative.
Recognizing these challenges and acknowledging that the Employee has a
role to play in managing these risks will put management one step ahead.
Is not enough anymore!
26. Mohammad Fheili – fheilim@jtbbank.com
MAXIMIZE PROFIT subject to:
RISK , REGULATORY, Compliance,
Reporting, Etc. Constraints
RISK . . .
Default
Liquidity
Maturity
Others . . .
REGULATORY . . .
Basel I
Basel II
Basel III
Basel IV (In the making)
TLAC Requirements
Sanctions Rules
USA_FATCA Requirements
OECD_CRS (1st Reporting 2017)
ISA 700, 701, 705, 706, and 720
AML, Etc. . . .
Uses of Funds Sources of Funds
Reserves
Loans
Securities
Other
Investments
Fixed Assets
. . .
All Types of
Deposits
Borrowings
Other
Sources
Capital
. . .
Off-Balance Sheet
With every
Dollar in Profit
a Bank Makes,
it MUST satisfy
all these
Regulatory
Constraints
first!
Legal Issues . . .
From
Originate‐To‐
hold To
Originate‐To‐
Distribute
(Decompose &
Redistribute)
CRS: Common Reporting Standards, essentially inspired by FATCA, is a framework between governments to exchange information obtained from local financial institutions to
combat tax evasions.
TLAC: The Proposed Minimum Total Loss Absorbing capacity requirements for Globally Systemically Important Banks (G‐Sibs). It aims to boost G‐Sibs’ capital and leverage
ratios, ensuring these banks are equipped to continue critical functions without threatening financial market stability or requiring taxpayer support.
ISA: International Standard on Auditing.
Instead of to Off‐
Balance Sheet; now to
Unregulated Shadow
Banking with less
concerns over loan
monitoring & Follow up.
Deteriorated quality of Capital with the
Introduction of new instruments and Tier 3
The Banking Model…. got complicated and Banks are forced to Automate.
31. Mohammad Fheili – fheilim@jtbbank.com
Data acquisition Data analysis Data cable
Data domain Data element Data farming
Data governance Data integrity Data maintenance
Data management Data mining Data modeling
Data visualization Computer data processing Data publication
Data remanence Data set Data warehouse
Database Datasheet Environmental data rescue
Fieldwork Metadata Open data
Data Migration Data Conversion Data Cleansing
Data structure Raw Data Secondary Data
Etc …
Data …
32. Mohammad Fheili – fheilim@jtbbank.com
• Client Information Profile
• Balances
• Interest Rates
• Commissions & Charges
• Maturity
• Payments
• Provisions
• Overdue Balances
• Outstanding Balances
Formulas to Calculate Data
Framework to Locate Data
Framework to warehouse Data
Framework for Compliance
Calculation Engines
Financial Statements
Chart of Accounts
Regulations
Core (Raw) Data
Calculated Data
35. Mohammad Fheili – fheilim@jtbbank.com
The United States is dealing with a nasty
bird flu outbreak.
Sixteen states have reported cases of highly
pathogenic H5 ‘Avian Flu’ among flocks of
birds like turkeys and chickens as well as
wild birds.
Travel Back in Time to: May 13th, 2015
37. Mohammad Fheili – fheilim@jtbbank.com
It’s May 2015, and you’re on
a Visit to the USA. You were
asked by a Dear Friend,
who’s a Zoo Keeper, to pick
One animal to take care of
alone for a day and inside a
25m2 room…
YOU CAN’T DECLINE!
Feel free:
To ask any question. I’m
the Animal Keeper!
To do what you deem
necessary to succeed.
You’re THE ZOO KEEPER
38. Mohammad Fheili – fheilim@jtbbank.com
1
3
You were asked by a Zoo
Keeper to pick One
animal to take care of,
for a day, inside a 25m2
room; and alone?
Feel free:
To ask any question.
I’m the Animal
Keeper!
To do what you
deem necessary to
succeed.
2
4
40. Mohammad Fheili – fheilim@jtbbank.com
In 2015, 38% more security incidents were detected
than in 2014.
Theft of “hard” intellectual property increased 56%
in 2015.
Staff remain the most cited source of compromise
(Risks).
Risk Events attributed to business partners climbed
22%.
Source: Global State of Information Security Survey, March 2016
56. Mohammad Fheili – fheilim@jtbbank.com
Sources: EIU/SHRM Foundation Survey: “Managing Human Resources in a Changing World”
Technological Innovations
are happening & Business
Environment is changing
MUCH FASTER than
Curriculums in Universities
are resulting in an alarming
gap between the skills
produced by educational
institutions and those
required by Business
Organizations.
Technological Innovations
are happening & Business
Environment is changing
MUCH FASTER than
Curriculums in Universities
are resulting in an alarming
gap between the skills
produced by educational
institutions and those
required by Business
Organizations.
62. Mohammad Fheili – fheilim@jtbbank.com
People, System, and Processes belong to the same Risk Family
PRIMARY SECONDARY
PEOPLE
Employee Fraud / Malice (Criminal)
PROCESSES
Payment / settlement / delivery risk
SYSTEMS
Technology investment risk
EXTERNAL
Legal / Regulatory Risk / Public Liability
Unauthorized activity / Employee misdeed (Willful)
Employment Law
Workforce disruption
Loss or lack of key personnel
Documentation or contract risk
Valuation / Pricing
Internal / External reporting and compliance
Project risk / Change management
Selling Risks
System development and implementation
Systems failures
Systems security breach
Systems capacity
Criminal Activities
Out-sourcing / Supplier Risk
In-sourcing Risks
Disaster and Infrastructural utilities Failures
Political and Government Risks
OperationalRisk
65. Mohammad Fheili – fheilim@jtbbank.com
You start with the “Man in the Mirror”!
Every individual comes to
an organization with his/er
own personal Perception of
Risk.
Every individual comes
with his/er own Inventory
of Moral Values and these
have a great influence over
the decisions they make on
day‐to‐day basis.
The Man In The Mirror . . . The Man In The Mirror . . .
66. Mohammad Fheili – fheilim@jtbbank.com
People vary in all sorts of ways and this includes their predisposition toward Risk.
Two specific Traits:
1. The extent to which people are either:
spontaneous and challenge convention or
organized, systematic and compliant.
2. The extent to which people may be:
cautious, pessimistic and anxious, or
optimistic, resilient and fearless.
Organizations need to pay attention to the ethical profile of those working in their
business because it significantly influence individual’s Decision Making:
Ethic of Obedience (Rule Compliance, Spirit of the Law, etc.)
Ethic of Care (Empathy, Concern, Respect, etc.)
Ethic of Reason (Wisdom, Experience, Prudence, etc.)
68. Mohammad Fheili – fheilim@jtbbank.com
Risk Management Is Everybody’s Business
Staff Business Unit Senior
Management
Assessment &
Follow Up
Acceptance or Mitigation
of Identified Risks
Follow Up on Decided
Actions
Oversight &
Control
Reports to Enable Senior
Management Appraisal
Identification
Reporting
Registration of Incidents
and Monitoring of the
Internal Control
Environment
Problems with Risk Culture
are frequently found at the
root of organizational
scandals and collapses.
Every individual
comes to an
organization with
his/er own
personal
perception of
Risk
It Starts Here
Risks Tracking … Finding The Trail
73. Mohammad Fheili – fheilim@jtbbank.com
Skill Marketability
Loyalty To The
Organization
Loyalty To One’s Profession
Skill Marketability Reflects Favorably On
The Career And The Salary Of The
Individual
Loyalty To The Organization May
Help The Individual Sustain A
Company‐Specific Employment
Loyalty To One’s Profession Exerts The
Necessary Pressure On Knowledge And
Skill Build‐Up (Benefiting Both The
Individual & The Organization)
It Makes You Punctual
It Makes You Knowledgeable
74. Mohammad Fheili – fheilim@jtbbank.com
Talent Laundering
• Talent Versus Ethic
• Hard Work
• Abundance of Qualifications
overshadow the need to probe about
Ethics.
• Individuals with Bad Ethics seek
Employment only to feed their
criminal intentions.
• Talents tainted with Bad Ethics is only
after short term gains.
• Those who are loyal to their
profession hold the highest degrees of
Professional & Personal Ethics.
77. Mohammad Fheili – fheilim@jtbbank.com
Risk Management of Today has been Contaminated & Disrupted by
the Complexity of Technologies and Technological Innovations.
… Risk Management ought to be as Simplistic as the Environment it
exists in.