Will your firm still be trusted by your clients after a major disruption or even crisis has occurred?
Today, Wealth Managers face a confluence of interrelated environmental, economic, and geopolitical crises, magnified over TiKTok, Twitter and Instagram. A firm’s value, brand and credibility can be compromised in a matter of minutes. Government, regulators, investors, clients, and other stakeholders are increasingly considering risk and resilience from a more holistic perspective. For example, the proposed The Companies (Strategic Report and Directors’ Report) (Amendment) (the Regulations) 2023 (in draft for approval by Parliament), will oblige in-scope firms to provide a Resilience Statement and a separate Material Fraud statement.
Why you should attend
In this interactive session, you will examine the lessons learnt from recent reputational incidents to ensure your firm is prepared to tackle existing and potential threats. In addition, you’ll take away a toolkit of battle-tested frameworks, proven strategies, and key resources to better measure, manage, and monitor risk in your firm.
By the end of the session, you’ll:
• Benchmark your firm’s approach to resilience against your peers
• Assess your firm’s potential risks, such as operations threats, reputation damage, cyber-attacks, and unexpected global events
• Test and strengthen your firm’s approach to managing both internal and external risks to align with FCA expectations
• Build and integrate processes that anticipates, prioritises, and mitigates threats
• Develop an action and implementation plan to better protect your firm’s reputation
Specific areas you will cover in this session include:
Strategic Analysis. A “what is going on here?” analysis of tectonic forces that are creating increasingly volatile, uncertain, complex, and ambiguous (VUCA) business environment. How this can lead to challenges to firms’ reputation and trustworthiness, beyond operational disruptions envisaged by Operational Resilience regulations.
Integrated Approach. A set of guiding integrated principles and good practices that build upon and join the dots between existing regulatory obligations and can be developed and implemented by firms to enable and protect firms’ achievement of their purpose, value generation and strategy.
Culture. Consideration of culture, individual and collective knowledge, skills, attributes, and behaviours good practice. How these can build and maintain trust even when challenged, but also can enable thinking fast and right in VUCA environments.
Who should attend?
• CEO and board members who seek to develop a strategic approach to managing non-financial risk, building and maintaining business resilience, not just operational resilience compliance, over the short, medium and long-term
• Executive and senior leaders (COO, Financial, Risk, Strategy, Compliance, Technology, Security, HR, etc) who wish to breakdown silos to achieve shared understanding of managing risk and resilience.
This open session is aimed to provide a safe environment for peers to allow a diagnosis of the challenge and the key questions for boards and executives to ask themselves and their firms’. A more tailored closed session(s) can be provided for individual PIMFA members to workshop and scenario test specific challenges and to develop strategy accordingly.”
Bring a colleague along for free… Please email email@example.com before purchasing your tickets to receive your coupon to use at checkout
More about Richard Preece
An experienced organisational agility and resilience ‘hybrid’ consultant and leader. He connects business and technical leadership of digital innovation cyber resilience and data protection.
He works collaboratively, is discovery driven and adept at integrative decision-making to navigate the balance of innovation, agility and resilience. Works closely with business, customers and subject matter experts to align outcomes, manages risks and resources; enhances reputation whilst communicating with simplicity and clarity.