PUBLIC 1 Continuity and Resilience (CORE) ISO 22301 BCM Consulting Firm Presentations by speakers at the 5 th Middle East Business & IT Resilience Summit 20 – 21 April 2016 – Palace Hotel DownTown Dubai Our Contact Details: INDIA UAE Continuity and Resilience Level 15,Eros Corporate Tower Nehru Place ,New Delhi-110019 Tel: +91 11 41055534/ +91 11 41613033 Fax: ++91 11 41055535 Email: [email protected]Continuity and Resilience P. O. Box 127557 Abu Dhabi, United Arab Emirates Mobile:+971 50 8460530 Tel: +971 2 8152831 Fax: +971 2 8152888 Email: [email protected]Please write to us if you would like to get in touch with the Speaker
Transcript
PUBLIC
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Continuity and Resilience (CORE)
ISO 22301 BCM Consulting Firm
Presentations by speakers at the 5th Middle East Business & IT Resilience Summit
20 – 21 April 2016 – Palace Hotel DownTown Dubai
Our Contact Details:
INDIA UAE
Continuity and Resilience
Level 15,Eros Corporate Tower Nehru Place ,New Delhi-110019
Please write to us if you would like to get in touch with the Speaker
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5th Middle East Business and IT Resilience Summit, Dubai, UAE
Integration of ERM and BCM as an independent function
for an enhanced organisational resilience
Affeiz Bin Abdul Razak MBCI (UK), CFSA (US), CMIIA, CBCI (UK), BBA
Chief Risk Officer and General Manager, ERM Division
21 April 2016
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Contents
Introduction
The objective
The integration of ERM and BCM
The independent ERM and BCM function
Benefits and limitations
Some lessons learnt Key takeaways
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About PIDM: The Establishment
A statutory body established under the Malaysia Deposit Insurance Corporation Act
Established in September 2005 to administer the national deposit insurance system aimed at protecting depositors
Beginning 31 December 2010, PIDM’s mandate has been expanded by Parliament to administer TIPS
Complements prudential regulatory and supervisory role of Bank Negara Malaysia (BNM) by providing safety net for depositors and insurance policy owners
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PIDM’s Mandate
* In achieving these, PIDM shall act in a manner to Minimise Costs to the Financial System
Administer the deposit insurance system
and TIPS
Provide protection for depositors, and takaful certificate and insurance policy owners against
the loss of their deposits and takaful and insurance benefits in the event of a member
institution (MI) failure *
Provide incentives for sound risk management in the financial system
Vision of PIDM: Best practice financial
consumer protection authority
Tagline of PIDM: Protecting Your Insurance and
Deposits in Malaysia
Promotes
stability of the
financial system
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Promote or contribute to the stability of the financial system *
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Governance of PIDM • A statutory body that reports to
Parliament through Minister of Finance
• Board of Directors structure – Chairman appointed by Minister of Finance – Governor of BNM (ex officio) – Secretary General of Treasury (ex officio) – 6 other members from the public and
private sectors appointed by Minister of Finance
• CEO – Appointed by Minister of Finance on the recommendation of the Board of Directors
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PIDM reports to the
Parliament through
Minister of Finance
Parliament of Malaysia
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The Objective
Sharing real life Malaysian experiences where ERM and BCM are integrated as a single independent
function within an organisation.
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ERM +
BCM
Business Continuity Management
The Integration of ERM and BCM
ISO31000: 2009 Risk
Management – Practices and
Guidelines
Committee of Sponsoring Organizations of the Treadway Commission (COSO) ERM Framework - 2004
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Board of Directors
Internal Audit Function
Board Audit Committee
Integrated ERM and BCM Function*
Management ERM & BCM Committee
Risk Management & BCM
Working Group
Department 1
* The Head of Integrated ERM and BCM reports functionally to the Board via the AC and administratively to the CEO.
Department 2
Department 3
Department 4
Department 5
Board Risk Management
Committee
The Independent ERM and BCM Structure
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Pre-requisites for Integration and Independence
Pre-requisites of an effective independent ERM and BCM function in an organisation: Integrated ERM and BCM Charter
Strong knowledge of both Risk Management and BCM
Unbiased support from the Board and Management
Role as risk owners and BCM process owners
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Comparison of Traditional and Independent Roles
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Parties / Reporting line
Traditional Roles (Non – Independent )
Independent Roles
Board of Directors Ultimate owners of risk Ultimate owners of risk
