Enterprise Risk Management Symposium: ERM in the Age of Disruption
Thursday, April 18, 2019 – 10:00 a.m. to 2:00 p.m.
Zions Bank Founders Room – 1 Main Street, 18th Floor
10:00 a.m. to 10:30 a.m. Registration
10:30 a.m. to 11:30 a.m. Panel 1 - The Elements of an Enterprise Risk Management System
With geopolitical turmoil and economic uncertainty escalating, it’s more important than ever to establish a solid enterprise risk management (ERM) function within your organization. Taking a comprehensive view of risk and identifying steps to mitigate problems can build enterprise value and create stability in the company. A good starting point for evaluating ERM is to identify the elements in an enterprise risk management system and gain a good understanding of the ERM process. This panel will help you achieve this objective.
Marti Tirinnanzi, President, Financial Standards Inc., Director, Community Development Trust REIT; Director, Maroon Holdings, Inc. (owners of the Mortgage Electronic Registration System)
Joseph Erickson, Senior Vice President and Global Controller, Enterprise Risk, Las Vegas Sands Corp.
Scott Marquardt, President, Management and Training Corp.
Val Oveson, CEO, Oveson Consulting and Board Member, American Express National Bank
11:30 a.m. to 11:50 p.m. Break/Pick up Lunches
11:50 p.m. to 12:50 p.m. Keynote - Lessons from the Financial Crisis in Enterprise Risk Management
Gary Crittenden, Primerica, Audit Committee Chair; Pluralsight, Lead Director; Zions Bancorp, Nominating and Governance Chair
12:50 p.m. to 1:00 p.m. Break
1:00 p.m. to 2:00 p.m. Panel 2 - Enterprise Risk Management: From Idea Through Plan to Implementation
You have read the books and articles. You have attended seminars and talked with others. Now you want to act (or are being asked to act) and implement ERM in your organization. How do you effectively and functionally implement ERM? A panel of four experts who are implementing ERM share their insights, expertise, ideas, and experiences in implementation.
Jerry Anderson, Director of Risk Management, Management and Training Corp.; President, RIMS Utah Chapter
Edward P. Schreiber, EVP and Chief Risk Officer, Zions Bancorporation
Brian Merkley, Global Director, Corporate Risk Management, Huntsman Corp.
Primerica, Audit Committee Chair; Pluralsight, Lead Director; Zions Bancorporation, Nominating and Governance Chair
Gary Crittenden, Primerica, Audit Committee Chair; Pluralsight, Lead Director; Zions Bancorporation, Nominating and Governance Chair
Gary Crittenden serves as Chairman of the Board of two HGGC portfolio companies: iQor and Pearl Holding Group. Prior to sale, he also served as Chairman of the Board of Citadel and Power Holdings. Previously, he served on other company boards unrelated to HGGC including Staples, Ryerson Tull and the TJX Companies.
Prior to joining HGGC, Crittenden was the Chief Financial Officer of Citigroup from 2007 to 2009, where he was responsible for the financial management of the firm during the financial crisis. He was also CFO of American Express Company from 2000 to 2007. Prior to American Express, he was the CFO of Monsanto, Sears Roebuck and Company, Melville Corporation and Filene's Basement. On three separate occasions, the readers of Institutional Investor Magazine named Gary one of the "Best CFOs in America."
Crittenden spent the first twelve years of his career at Bain & Company, an international management consulting firm, where he became a partner. He began his work at Bain in Boston, and then co-founded the Munich, Germany office, where he worked for five years. He eventually headed the firm's retail practice area.
Joseph O. Erickson, Senior Vice President Enterprise Risk and Control, Las Vegas Sands Corp
Joseph Erickson joined Las Vegas Sands Corp.* (LVS) in 2015 as Global Controller with a mandate to drive continuous improvement in financial and compliance risk and controls. In 2106, that mandate was expanded to include global enterprise risk management. For the five years prior to joining to LVS, Mr. Erickson served as Principal Compliance Leader Global Banking, American Express, and the Chief Compliance Officer for American Express Centurion Bank during a period of intense regulatory scrutiny and restructuring of global compliance.
After graduating from the University of Utah, Mr. Erickson’s career began in Salt Lake City as a CPA with a predecessor firm of KPMG and continued in public accounting and consulting for almost twenty years. He has served in professional roles in Norway, Phoenix, Connecticut and New York, including two years as a Professional Fellow with the Financial Accounting Standards Board. He has been a senior executive with two risk technology vendors, building and leading professional services for Infinity, a Sungard Company, and Fortent. Mr. Erickson also served as Deutsche Bank’s first General Auditor in the U.S., with oversight of several global functions and businesses and facilitating the assimilation of newly-acquired Bankers Trust.
Scott Marquardt is the President of Management & Training Corporation (MTC). MTC operates education and training programs, correctional facilities, medical contracts and international workforce development programs for the federal government and various states. MTC has 10,000 employees in the United States, the United Kingdom, Egypt and Australia. His focus is on integrity, performance, leadership and innovation in delivering services to government customers and meeting the needs of at risk populations.
Marquardt has an MBA and law degree from the University of Utah. He has worked for MTC for 35 years. He has been involved in numerous community and civic organizations including the Utah Board of Regents and the Utah Higher Education Assistance Authority.
W. Val Oveson is the founder and president of Oveson Consulting LLC. He specializes in tax controversies before the IRS and state tax agencies, litigation support, and government and business consulting. He has 41 years of experience in accounting, tax, and executive management. Prior to forming Oveson Consulting LLC, he was a partner with WSRP LLC, a registered CPA firm in Utah, for 10 years.
Oveson has held various positions in government and industry, which has given him a broad background and wealth of experience in dealing with regulatory agencies, government officials, and businesses. He has served the government as national taxpayer advocate for the Internal Revenue Service, chairman of the Utah State Tax Commission, and lieutenant governor and state auditor for the State of Utah.
Oveson has a bachelor's degree in Accounting from Brigham Young University and a professional certificate in Alternative Dispute Resolution from the University of Utah. He belongs to the American Institute of Certified Public Accountants (AICPA) and the Utah Association of Certified Public Accountants (UACPA). He is licensed to practice accounting in Utah.
Marti Tirinnanzi is the President of Financial Standards, Inc., a financial services consulting company located in New York City. Ms. Tirinnanzi is experienced in advising REITs, banks and securities/futures brokerages in the areas of risk management, hedging strategies using derivatives contracts, financial instrument accounting, and regulatory compliance. Ms. Tirinnanzi is also well known among Washington DC policy circles, and has advised Congressional staff, the Commodity Futures Trading Commission, FDIC, banking regulators and financial markets industry groups on ways to address financial risk that involve derivatives contracts. She teaches fintech and derivatives licensing courses for the Institute of Financial Markets and develops executive education programs on new regulations and financial services innovation, including Bitcoin, cryptocurrency, and block chain technology. Ms. Tirinnanzi is a past Chairperson of the Clearinghouse Working Group of the Federal Housing Finance Agency and directed teams within Fannie Mae and Freddie Mac to transfer $2 trillion in interest rate swap contracts to central clearing and settlement. Ms. Tirinnanzi is a nationally acclaimed expert in financial instruments and derivative contracts. Familiar with fair-value-based accounting standards, she has created the financial reporting compliance protocols for more than 100 REITs. Ms. Tirinnanzi has also worked as a supervisory examiner for the Federal Reserve in banking supervision, as a real estate construction lender for Crestar Bank (now SunTrust), and as a REIT equity stock analyst for RBC. Ms. Tirinnanzi earned her MS in business from The Johns Hopkins University, and BA in liberal arts from Notre Dame of Maryland University. Ms. Tirinnanzi serves as the independent director and audit committee chair on the Board of Community Development Trust, a NY-based multifamily REIT; ICE Mortgage Services, which is owned by the Intercontinental Exchange (NYSE: ICE) and operates a national electronic registry system for residential mortgages; serves as director on the Board of Sotados Inc., a mobile-to-mobile payments fintech company providing low cost remittances to account holders located in certain African and Latin American nations; and serves as a member of the Audit Committee of Habitat for Humanity DC, a non-profit affordable housing solutions provider in Washington DC. Ms. Tirinnanzi resides in Ogden, Utah, while authoring a book on blockchain-based technology and innovation.
Prior to Zions, Schreiber was Managing Director with Alvarez & Marsal Financial Industry Regulatory Advisory Services. He also served as Chief Risk Officer and Regulatory Liaison for TD Bank, N.A. and its predecessors, a $180 billion regional bank, for 11 years. During that timeframe, he was responsible for enterprise risk management, which included oversight for compliance, credit risk, operational risk, and market risk. In addition, he oversaw the bank’s Community Reinvestment Act activities, the TD Charitable Foundation, government relations, and audit and credit risk review functions. Schreiber began his banking career with the Office of the Comptroller of the Currency (OCC). During his 19 years of service with the OCC, he served in managerial, analytical, and technical positions. Some of the positions held included National Bank Examiner, Field Manager, Problem Bank Analyst, and Systems Analyst.
Schreiber has a bachelor’s degree in political science from the College of Sante Fe in Sante Fe, New Mexico. He also earned a certificate from the Graduate School of Banking at Colorado. He has served as the Chair and a Member of the Board of Directors of RMA.
Mr. Merkley is Global Director, Corporate Risk Management, for Huntsman Corporation, a leading global manufacturer and marketer of differentiated chemicals headquartered in The Woodlands, TX. His responsibilities include leading the corporate Enterprise Risk Management (ERM) efforts and managing Huntsman’s global corporate insurance programs – spanning more than 100 operations in over 30 countries.
Mr. Merkley’s views on ERM have appeared in The Wall Street Journal, Treasury & Risk and Risk Management Magazine. According to a 2008 study in the Journal of Applied Finance, his 2001 book, "Enterprise Risk Management: Trends and Emerging Practices" (which he co-authored) ranks among the top 10 most-read books on ERM by risk professionals.
He earned his B.S. degree from BYU and his M.B.A. from the University of Georgia with concentrations in risk management, insurance and finance. He is a Fellow of the Risk Management & Insurance Society and was named to the Risk Manager of the Year Honor Roll in 2015.
David Wilkins is a client executive in the Marsh Salt Lake City office. His book includes chemical, energy, and transportation accounts. He has experience with large and multi-national risk programs.
David joined the Marsh team in 2003. He has been handling large loss sensitive casualty and large value property accounts since 1996. David’s prior experience as a branch and regional manager for a national specialty insurance carrier gives him a solid background in underwriting, risk assessment, carrier negotiations, and client service. David is an expert at bringing the expertise of Marsh to his clients whether that is around the corner or around the world.
Jerry Anderson is the Director of Risk Management at Management and Training Corporation (MTC). MTC operates education and training programs, correctional facilities, medical contracts and international workforce development programs for the federal government and various states. MTC has 10,000 employees in the United States, the United Kingdom, Egypt and Australia. Jerry is the current President of the Utah Chapter of the Risk and Insurance Management Society. He has worked in Risk Management and Insurance for over 30 years. Jerry has worked with boards of directors and executives in many different industries and in many capacities as a consultant, broker, risk manager and claim manager. Anderson focuses on conventional risk and Enterprise Risk Management issues.