Denise Williams suggested that I reach out to you. You and I have met during the last few Archer conferences, as I have presented Prudential's Archer journey and have seen AIG's presentations over the years.
Later this month, my position with Prudential will be eliminated due to consolidation. I've had a great career with the company, but I am looking forward to new opportunities. I am asking for your help, to help me find that next step.
In my current role, I have served many roles within risk management. As a Risk Manager in the Operations & Systems department, I facilitated IT risk assessments, prepared units for audit reviews and monitored business line progress on mitigation tasks. As I took more senior roles, I led many initiatives
It is with great pleasure that I write this letter of recommendation for Marsha Bradley, who was my colleague when I worked at State Farm Insurance Company from 1997 to 2004. Without question, Marsha is one of the most knowledgeable, professional, and passionate people that I have worked with in my 26 years of practicing law.
Consolidation within health plans has included several large scale mergers such as Anthem and Cigna as well as Aetna and Humana, primarily driven by a need for growth, with a particular focus on growth within the Medicare Advantage market. If successful, the deals would collapse the health-insurance industry’s top five players into
Gaughan, P. A., 2002. Mergers, Acquisitions, and Corporate restructuring. 3rd ed.New York: John Wiley & Sons, Inc.
For any questions or requests for additional information, please contact me at (202) 123-4567 or at Omar.Ali@PWC.com.
Risk management is defined by the Department of Homeland Security (DHS) as “the process of identifying, analyzing, assessing, and communicating risk and accepting, avoiding, transferring or controlling it to an acceptable level considering associated costs and benefits of any actions taken” (DHS 2010a, p. 30). Raymond Decker, Director of Defense Capabilities and Management testified on behalf of the U.S. Government Accountability Office (GAO) before the Subcommittee on National Security, Veteran’s Affairs, and International Relations; House Committee of Government Reform, and further described risk management as the “systematic and analytical process to consider the likelihood that a threat will endanger an asset,
Real-world events is probably the more significant of the group; using a risk management program allows decision makers access to critical information related to potential outcomes of an event/incident. The decision makers use the information to exam the most appropriate and lower risk approach to an event/incident. The NIPP risk management program used the risk management for three specific threats, physical, cyber, and human to protect CIKRs (U.S. DHS 2009, p.33). When risk management is implemented correctly and all areas assessed thoroughly, it can produce the best course of action to protect homeland security infrastructure over a larger area through the cooperation of and between the different NIPP established sectors. Exercise planning and risk management work well together exercises also provide feedback for risk management for real-word events. Exercising the possibilities of an incident/event provide a realistic basis for establishing certain understanding of an incident without the high risk associated with a real-world
...dditionally, the merger can take place in smaller phases. For instance the first phase may include change of the physical look of the branches and the signage - – so as to convey a consistent view and experience for its customers. This phase may also include effective communication to the employees to educate them about the merger, ensure them of their positions and encourage them to participate in the merger. Second, the firm can totally combine the bank’s technology and the information systems which will allow the merged firm to operate as a single entity and to become fully operational. The management should implement the merger with care and prudence, aiming for minimal disruption for the customers and should communicate extensively to ensure all its stakeholders are kept fully informed as they make changes.
The first area that I feel would benefit from a risk management strategy is employee health, specifically in the area of post-traumatic stress disorder(PTSD). Many employers offer employee assistance programs, but these programs only cover a few sessions and just barely touch the surface of possible issues employees experience. Many employees attempt to deal quietly post-traumatic disorder symptoms and its secondary symptoms such as substance abuse,divorce and other forms of depression. Many think personal complaining of this type of issues is weak and must deal with completely on their own. However, this suddenly changes when it affects their co-workers and their employer.
Kinsell, Krik. (June 2005). Factors to consider when planning consolidation. Franchising World, Vol. 37, Issue 6, pp. 63–65. Retrieved September 2, 2008, from: kirk.kinsell@ichotelsgroup.com
Proactive risk management allows companies to reduce uncertainty, leading to better business decisions aligned with strategy. Managers can systematically exploit opportunities, and reduce the negative consequences of hazards. ERM provides the insight to answer three simple business questions: “Should we do it? Can we do it? Did we do it?” (RMA, 2015). Additionally, ERM assists in compliance with Sarbanes-Oxley requirements for external reporting, providing the information needed for historical risk reporting and forward-looking risk disclosure (IRM, 2010).
In 2003, the Casualty Actuarial Society (CAS) defined ERM as the discipline by which an organization in any industry assesses, controls, exploits, finances, and monitors risks from all sources for the purpose of increasing the organization's short- and long-term value to its stakeholders. The CAS conceptualized ERM as proceeding across the two dimensions of risk type and risk management processes. The risk types and examples include:
The first step will be forming the team. We should consider whether we are going to form for specific projects across different divisions, or if we want to put teams together based on expertise. Team selection can be tough during a post-merger. There would often be more employees than
Alternatively, if you’d like to have a chat about our proposals – either by phone for face-to-face, please email me at the above address so we can arrange a time that suits you.
Over the past decade, risk and uncertainty have increasingly become major issues which impact business activities. Many organizations are raising awareness to minimize the adverse consequences by implementing the process of Risk Management Framework which plays a significant role in mitigating almost all categories of risks. According to Ward (2005), the objective of risk management is to enhance a company’s performance. In particular, the importance of the framework is to assist top management in developing a sensible risk management strategy and program.
I am also accredited by the Project Management Institute (PMI), as a Risk Management Professional (PMI-RMP), which proves my sound understanding of projects risk management. My in-depth knowledge of risk management assisted me to transform Atlas’ risk management process from Naïve to Natural maturity in order to address the entire risk management process including qualitative and quantitative risk management. I introduced, initiated, and developed the risk management system and provided training to other project controls team to ensure successful establishment and implementation of a comprehensive risk