Newswise – The Center for Financial Policy (CFP) at the Robert H. Smith School of Business at the University of Maryland and Deloitte have jointly developed a new risk management training program that they will deliver to government finance professionals starting Jan. 11, 2022. The certificate program, called the Maryland Smith Federal Risk Academy, will provide thought leadership, training and special events to federal employees engaged in credit, banking, loans, grants, insurance and other market activities.
âTiming is particularly critical; as we have seen with the pandemic, crises do not wait for organizations to put their risk management house in order. Federal agencies and private companies face a range of different risks that require consistent and coordinated risk assessment processes. We bring decades of risk management experience to this training program, âsaid program academic director Clifford Rossi, practice professor and executive in residence for Maryland Smith and CFP. “This awareness targets federal agencies and industry regulators engaged in credit, banking, loans, grants, insurance, and other financial and market activities requiring effective risk management.”
The CFP, in conjunction with Deloitte, administers the Federal Risk Academy with the Maryland Smith Office of Executive Education. A main element of this collaboration will be virtual and live learning sessions on applied risk management topics of interest to federal risk managers and financial regulators.
The planned modules include:
- Build a sustainable risk management program
- ERM and credit risk
- Cyber âârisk and mitigation for regulators
- Risk modeling and governance
- Liquidity and capital risks
- Operational and regulatory risk management
- Climate change and financial risk management
âWe are delighted to be working with the University of Maryland on such an important training and development program. This program is timely and structured to help executives think through the myriad of considerations that lending, regulatory and financial services clients face in managing their overall risk exposure, âsaid Robert Stradtman, Liaison Officer of the Deloitte Program, Director, Deloitte Transactions and Business Analytics LLP.
As a preview of the training, Maryland Smith, in collaboration with Deloitte, offers a series of live panel discussions on the theme of federal risk management. The next one, titled âA Scientist’s Take on Climate Models and Risk Management Applicationsâ, will be held on November 17, 2021 from 10 a.m. to 11 a.m. EDT. Click here to join.
In August, they presented a discussion titled âEleving your Cyber ââSecurity Risk Management Awareness and Capabilitiesâ with Clifford Rossi and Tim Li, Director of Deloitte & Touche LLP and Cyberleader in Deloitte’s Public and Government Service Practice.
Maryland Smith also offers free 45-minute informational webinars on the Federal Risk Academy. During these webinars, they will discuss the details of the program and answer any questions:
- October 18, 2021, 7 p.m. EDT – click here to register
- November 8, 2021, at 1 p.m. EDT
- November 30, 2021, at 4 p.m. EDT
- December 15, 2021, at 7 p.m. EDT
- December 28, 2021, at 11 a.m. EDT
- January 5, 2022, at 12 p.m. EDT
For his part, Rossi is developing the Federal Risk Academy curriculum based on his 25 years of experience in banking and government. During the 2008-2009 financial crisis, he was Risk Director for Citigroup’s Consumer Credit division, overseeing the risk of the bank’s $ 300 billion secure consumer asset portfolio. Recently, he completed an empirical study on the impact of the frequency and intensity of hurricanes on the risk of mortgage default. He presented the work to the Federal Housing Finance Agency (FHFA), explaining how it can directly link weather events to mortgage risk using a statistical modeling technique.
Such an understanding, reinforced by Deloitte’s experience in risk management, makes this training a valuable resource for industry professionals, says Cynthia Vitters, Managing Director and Head of Risk Management Practice at enterprise (ERM) for government and utilities from Deloitte & Touche LLP. âWe are proud to work with the Center for Financial Policy at the University of Maryland to provide this educational opportunity for risk management professionals who can help them continue to build and refine their skills as we continue to promote the ‘use and advancement of ERM principles within government. “
To enroll in the full certificate program and for more information, visit the program’s website. The registration deadline is Monday January 10, 2022 at 11:59 p.m. The regular program fee for an individual is $ 2,995, however, interested students can email [emailÂ protected] for early bird discounts, multiple people from the same organization and University of Maryland and Big 10 alumni.
About the Center for Financial Policy
The Center for Financial Policy is a center of excellence for the Smith School, the premier center for financial policy, research, and education in the Washington, DC area.
About the Robert H. Smith School of Business at the University of Maryland
The Robert H. Smith School of Business is an internationally recognized leader in management education and research. One of 12 colleges and schools at the University of Maryland, College Park, Smith School offers an undergraduate, full-time and part-time MBA, executive MBA, online MBA, specialized masters, doctoral and executive training programs, as well as outreach services. to the business community. The school offers its degree, personalized and certification programs in places of learning in North America and Asia.
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