SEBA International is pleased to welcome Rustum Bharucha, Financial Stability Practice Director in our London office and Jessica Sinnarajah, Go To Market Practice Director in our San Francisco office.
Congratulations to Kate Bullis, Co-Founder & managing partner, on being appointed Chair of the Association of Executive Search Consultants (AESC) Council of Americas.
Joe Chappell, AESC
Congratulations to Kate Bullis, SEBA co-founder and managing partner on being elected to the vice chair position of The Association of Executive Search Consultants (AESC)
Joe Chappell, AESC
SEBA is pleased to announce that Kate Bullis, co-founder and managing partner, has been named to the Board of Directors of The Association of Executive Search Consultants (AESC)
Some of the largest financial institutions in the United States are scaling back their efforts to hire anti-money laundering staff, four professional recruiters told ACAMS moneylaundering.com, though sources differed as to how extensive the slowdown has been.
By Daniel Bethencourt
Cristiano Zazzara of S&P Global and Robert Engle, Professor of Finance at the NYU Stern School of Business and 2003 Noble Laureate in Economics, introduce their systemic risk measure, SRISK, in this whitepaper and Op-Ed.
In this whitepaper, the PwC Financial Services Regulatory Practice shares a number of insights on how Risk and Finance teams team work closer together for more effective, efficient process and results.
Kenneth Benson, President and CEO of SIFMA, provides his thoughts on maximizing growth while mitigating risk as Washington mulls financial services regulatory changes.
Regardless of function or industry, diversity is a must for innovative and successful teams. This piece from BCG parses the data on the realities of impactful diversity programs.
A comprehensive review of the current climate in the Compliance and Financial Crime space – good, bad, and ugly – can be found in this KPMG executive survey and analysis.
“In this piece, I provide an overall strategic cyber-roadmap for boards to take responsibility for cyber-oversight, using five case studies of cyber-risk governance based on interviews with board members who hold seats at a variety of public and non-public companies, including technology companies, Fortune 100 financial services companies, top 10 federally chartered credit union and professional associations. The case studies show examples of how boards are addressing their cyber oversight responsibilities.”
- Andrea Bonime-Blanc PhD/JD, CEO, GEC Risk Advisory
The risk landscape for banks has changed since last year. Dr. Clifford Rossi, Professor in the Robert H. Smith School of Business at the University of Maryland, breaks down the six most prominent risks facing large banks this year.
As the Risk function matures, opportunities are increasing for Risk professionals to move into general leadership roles. We spoke with Mahesh Aditya, former CRO of Visa and current COO (designate) of Santander Holdings USA, to gain insight into this trend and get his perspective on a cross-functional career.
Ranging from innovation to sanctions, this piece provides an overview of the 10 biggest risks in the Anti Financial Crime space for 2017.
Sourcing and securing risk management talent has only gotten harder since the industry learned what happens without a enough of it. This article explains the path that some CROs have taken to arrive in their current roles and outlines the challenges of finding the right person for the job.
In a series of interviews that took place in November and December 2016, Risk.net spoke to chief risk officers, heads of operational risk and other op risk practitioners at financial services firms, including banks, insurers and asset managers. Based on the op risk concerns most frequently selected by those practitioners, we present our ranking of the top 10 operational risks for 2017.
Financial services organizations face growing complexities in business, technology,
information and supply-chain interdependencies. Furthermore, the risk management
landscape creates ongoing challenges around effectively monitoring, assessing and
responding to traditional and evolving threats. Taking a holistic and enterprise risk-based
approach towards defining and identifying threats is essential towards enhancing existing
frameworks for incident response and continuity planning.
NACD, in conjunction with AIG and the Internet Security Alliance, has identified five steps boards should consider as they seek to enhance their oversight of cyber risks. This handbook is organized according to these five principles.
World Economic Forum
The Global Risks Report 2017, 12th Edition is
published by the World Economic Forum within
the framework of The Global Competitiveness
and Risks Team.
A poor risk culture may not manifest its deficiencies when times are good, but when the next crisis hits, a lacking risk culture will betray the firm when it counts. I’ve seen too many otherwise good franchises relegated to the history books because their risk culture let them down. The good news is that we know what effective risk culture looks like, and making an investment to create that environment ensures your firm is able to weather whatever financial storm comes its way.
Kate Bullis, SEBA International
This week is Dreamforce, Salesforce’s biggest event. Over the years, Dreamforce has mushroomed, not just in terms of the number of attendees, but the type. As the participant mix has evolved from mostly sales to sales and marketing, it follows that one can expect to see more Go-to-Market Officers (GTMO) in attendance, particularly given how prevalent the combining of these two functions has become. Where is this combination role coming from and why is it gaining popularity?
In the wake of Wells Fargo testimony, Thomas Curry of the OCC has stated that there will be a program for regulated banks on culture and sales strategy. In the news today, the Fed sent out a directive with a similar message. So, when bad things happen, there can be a piling on in the regulatory world these days. In this context, the panelists shared their observations, focusing on models, costs and international issues related to compliance.
Kate Bullis, SEBA International
If you want to hire the new breed of CMO, you need a new approach to recruiting. I would argue that one particularly promising approach is design thinking. The five steps of the design thinking process ‒ empathize, define, ideate, prototype and test ‒ create a terrific framework for a CMO search process and help to increase the chances of zeroing in on the best CMO for your company.
William Mauldin and Laura Saunders, WSJ
Having an offshore company generally isn’t illegal, but some of the intermediaries have protected their clients by hiding wealth or suspicious transactions in tax havens.
Grant H. Beighley and Robert M. Iommazzo, SEBA International
The unbanked everywhere, in the U.S. or Africa, will be banked; the customer will always come first; transactions from institutions large and small will be faster, less expensive, and safer than ever.
The risk profession is still in many ways in its infancy but has become more dynamic and visible since the financial crisis. As compliance and standards of risk practice continue to evolve, so too does the staffing and pay of the risk professional.
For the first time in three years, the post-crisis regulatory squeeze no longer tops our retail banking trends. Banks may not like the renewed regulatory focus on know-your-client and suitability, but they now have a more pressing draw on their resources: financial technology (fintech).
Barry Schachter, CRO at 40 North Management, follows up on his panel discussion on emerging risks with Robert Iommazzo, MD at SEBA International. Barry talks about how the impact of regulation and changes in technology are increasing risk.
Katherine Heires, GARP
SEBA’s Robert Iommazzo weighs in on the growing demand for risk expertise in the P2P lending space in an article published by the Global Association of Risk Professionals (GARP).