Essentials of Successful Fraud Risk Management

Description:

We then move forward to explore the design and implementation of fraud risk management through a comprehensive review of the five key components of successful fraud risk management.

We spend time on fraud risk assessment, fraud control activities and why controls are important. Highlighting the value of rapid review and response we focus whistleblower processes, how we can help customers help themselves, and even review auditing the process.

Finally, we wrap things up by linking fraud to other risks and providing tips on how to apply this session’s lessons to existing fraud risk management programs.

Why Should You Attend:

One inherent risk to all businesses is FRAUD. That being said, most businesses react to fraud rather than anticipate and prevent. Honestly, fraud cannot really be prevented because fraudsters are always one step ahead. Of most of us. That being said, we can learn from our mistakes and prevent repeat fraud and more importantly, we can learn to properly react to fraud events thereby limiting exposure and loss. This session focuses on the basics of fraud risk management with real awareness of developing rapid response to fraud events.

Once the basic infrastructure to fraud risk management is understood and implemented management can focus on creating, developing and establishing a rapid response process that will limit exposure to the fraud event, reduce possible losses, and provide insights into what preventative controls may need to be updated or created and implemented.

This session is a must for new fraud officers and senior management and a value to members of the Board of Directors. It is a great refresher for experienced fraud managers and staff.

Areas Covered in the Webinar:

The three key aspects of Fraud Risk Management are covered:

• Defining Fraud
• Design and Implementation of Fraud Risk Management
• Five Components of Successful Fraud Risk Management
• Fraud Risk Assessment
• Fraud Control Activities
• Whistle Blower Programs
• Auditing the Process

Who Will Benefit:

• Middle Management
• Team Leaders
• Quality Control
• Project Managers

Daniel Clark
Author, Speaker, Metaphysician, Audit and Risk Management Strategic Leadership and Development

Daniel (Dan) Clark has over 30 years experience in Financial Services. With experience in Citigroup, GE Capital, and two regional banks, Dan was able to develop international, national and regional skills in banking strategies and risk management.

As Chief Audit Officer for small, regional and international organizations, Dan was able to learn from several audit and risk leaders. During his work at Citigroup, Dan travelled throughout Latin America reviewing consumer banking, pension fund and investment banking, and insurance and brokerage business.

While at GE Capital, Dan had the pleasure of learning global perspectives on energy, healthcare, manufacturing and financial services. This global perspective has been key to the development of Dan’s current GRC understanding and philosophy.

He is a speaker and contributor to industry conferences, publications and think tanks and considered an expert in GRC methodology and application. He provides training and mentoring to risk management staff and internal auditors. His book, Dare to Be Different, An Auditor’s Personal Guide to Excellence has been well received in the audit industry.

Follow us :