July 16, 2013
Leading risk practitioners and thought leaders from around the
country gathered to discuss the challenge to communicate and
demonstrate the value of risk during the Tobin College of Business
and RIMS Risk Summit, held in New York City on Thursday,
June 20, 2013.
The Summit, co-hosted by the Risk Management Society (RIMS) and the
Center for Excellence in Enterprise Risk Management at St. John’s
University, focused on enterprise risk management, the process in
which organizations manage their risks. Executives from the
Walt Disney Company, PepsiCo, Federal Reserve Bank of New York,
MicroStrategy, ADP, and others participated in roundtable
discussions sharing their experiences and challenges in managing
the risks facing their organizations.
Common challenges identified by the executives included how
See both risk and opportunity
Look across the organization and prioritize the entire risk
Link ERM to strategy and
Get board of director buy-in on enterprise risk management
In addition to co-hosting the event with Carol Fox, RIMS director
of strategic and enterprise risk practice, Dr. Paul Walker,
executive director of the Center for Excellence in Enterprise Risk
Management, led a discussion on identifying and managing black swan
Dr. Walker is also the James J. Schiro/Zurich Chair in Enterprise
Risk Management at the Tobin College of Business. He teaches
Enterprise Risk Management and has trained boards and executives on
risk management and has conducted workshops for unknown risks. Dr.
Walker’s research includes companies such as DuPont, Intuit,
Microsoft and Wal-Mart.
“This risk roundtable event is a great opportunity for the Tobin
College of Business, School of Risk Management and the Center for
Excellence in Enterprise Risk Management to build relationships
with leading risk professionals and further enhance the school’s
already outstanding reputation,” said Walker.
Participants took home a wealth of information on best practices in
identifying, benchmarking, analyzing, monitoring and reporting
risks that will help them demonstrate the quantitative value of
enterprise risk management to an organization.
About the Risk Management Society (RIMS)
RIMS is a global not-for-profit organization representing more than
3,500 industrial, service, nonprofit, charitable and government
entities throughout the world. Founded in 1950, RIMS brings
networking, professional development and education opportunities to
its membership of more than 11,000 risk management professionals
who operate in more than 60 countries.
About the Peter J. Tobin College of Business
The Peter J. Tobin College of Business has provided a high-quality
business education for over eighty years, offering individuals from
throughout the world the opportunity to study in New York’s dynamic
business environment. The innovative curriculum emphasizes an
analytic and hands-on understanding of business practice that
prepares graduates to excel in today’s global marketplace.
For more information about the Tobin College of Business, please
contact Asia Hauter at email@example.com.
For more information about the Master of Science in Enterprise Risk
Management program, please contact our Office of Graduate
Admissions at (718) 990-1345 or visit www.stjohns.edu/tobin.