3-4 Board Meeting
CPE: 2 Category Auditing
$30 for members, $40 for non, and $15 for students/retirees
RSVP: By Feb 19th to Sarah Pickering at Sarah.Pickering@mygenbank.com or 315.568.1156
Include meal choice: Spaghetti w/meatballs, 15-layer Lasagna, Fettuccini Alfredo, Four-cheese Manicotti, Chicken or Regular Caesar Salad.
Cancellation after February 19 incurs the cost.
Getting Serious About Enterprise Risk Management: Building Better Relationships Between Risk Management and Internal Audit
In the world of
governance, risk management, and compliance (“GRC”) rational, talented, and
experienced professionals often disagree about which of these three critical
functions is primary. As a long-time risk management professional, Stephanie
Nesbitt makes clear her position that all business functions should be viewed
as risk management activities, and that until they are, no firm can achieve
true enterprise risk management. Stephanie also argues that too often internal
audit is relegated to the role of compliance watchdogs which minimizes their
potential impact on the organization, and deprives it of the very meaningful
insights of some of the most highly-trained and skilled professionals in
presentation, Stephanie will discuss the true meaning of enterprise risk
management, its impact on the firm, and its role in corporate governance. She
will also illustrate how no firm can operate a valid enterprise risk management
system without building a strong relationship between its risk management and
internal audit functions. Finally, with these notions established, Stephanie
will discuss the top 10 items internal audit and risk management need to be
watching and planning for as they develop audit plans in 2016.
Presenter Biographical Information:
R. Nesbitt, J.D., MBA.
Stephanie is an
Assistant Professor of Risk Management and Insurance, and Director of the MBA
and RMI Programs at Utica College. She
received her J.D. from the University at Buffalo School of Law, M.B.A. from
Syracuse University, and B.A. in Speech Communication from Ithaca College.
Prior to joining the Utica College faculty in August 2012, she spent 18 years
working in industry as a risk manager and practicing attorney. Stephanie has
been a featured speaker at several national, state-wide and regional industry
conferences on topics such as insurance cost allocation methods, the impact of
risk management on healthcare quality, individual and team accountability to
improve healthcare quality, and HIPAA and patient privacy. She is a member of
the New York State Bar Association and is licensed to practice law in the state
of New York.
At Utica College,
Stephanie teaches both graduate and undergraduate students. Although her official academic
"home" is RMI, she also teaches in the areas of management and
economic crime. In short, Stephanie loves to teach, and her professional career
in industry combined with her academic background give her the flexibility to
teach in many areas of Utica College's business curriculum. Stephanie’s
research interests lie in the development and implementation of business
education programs and manner in which we teach ethics in business education.