Alumni

Consulting to the Financial Services Industry: "meat and potatoes" vs "panic" projects

Consulting Roundtable

May 27, 2010: 6:00 PM - 8:00 PM

With Sarbanes-Oxley, and events of the last 2 years, the financial services industry has been on a roller-coaster ride. How much of the work is panic projects, versus “meat and potatoes” projects? And what do those projects look like? The risks of the global capital markets change daily. Financial product innovation drives opportunity as well as creating new challenges. Models are increasingly playing a critical role in decision making and risk measurement. And businesses continue to expand in scope and complexity, creating increasing operational risks. The optimization of risk and return is a key focus of today’s executive.

Where

Gleacher Center, Room 600
450 North Cityfront Plaza Drive
Chicago, Illinois

Event Details

The risks of the global capital markets change daily. Financial product innovation drives opportunity as well as creating new challenges. Models are increasingly playing a critical role in decision making and risk measurement. And businesses continue to expand in scope and complexity, creating increasing operational risks. The optimization of risk and return is a key focus of today’s executive. While that elusive balance of risk and return holds true as much or more than ever, working in these areas has been tumultuous of late. In the last two years, we have seen Bear Stearns’ fire sale to JP Morgan, Lehman Brothers collapse, Fannie Mae and Freddie Mac go into conservatorship, and many other companies merge, be acquired or go bankrupt. We’ve seen the Dow plummet below 7000 and recently top 11,000. Regulation on the financial services industry and/or some of it’s products is being hotly debated in Congress, as is a possible reorg of the regulators. And April’s Booth Management Conference on the Future of the Financial Industry had a murky crystal ball. How much of the tumult is panic and how much is real? How much of the work is tumult versus business as usual? What are the key driving forces behind most of the assistance the industry and corporate finance roles requests over the last few years? And what is it likely to be like over the next several years? Come hear Cory Gunderson, Chicago Booth alum and global leader of Protiviti’s Risk and Compliance practice, speak about consulting to the financial services industry. If you have questions, please contact Rachel Patterson at rpatter3@chicagobooth.edu or on her cell at 773.218.8270.

Cost

No Charge

Registration

Register Online

Deadline: 5/28/2010

Program

6:00 PM-6:30 PM: Registration & Networking

6:30 PM-8:00 PM: Presentation and Q&A

Speaker Profiles

Cory Gunderson (Speaker)
Founding Managing Director, Protiviti

Cory Gunderson is a founding managing director of Protiviti and the global leader of the firm’s Risk and Compliance practice. He is a CPA, has his Bachelor’s from DePaul in Accounting, and his MBA from the University of Chicago. Cory was named in June 2009 as one of the “Top 25 Consultants” for 2009 by Consulting Magazine in their annual competition. He was one of only 3 recipients for excellence in Financial Services and was selected from over 350 nominations. He brings extensive experience across the financial services industry, focused primarily on banks, credit card lenders, specialty finance and other lending institutions, ranging from Top Five Bank Holding companies to community banks, captive finance subsidiaries of multi-national manufacturers and retailers as well as independent consumer and commercial finance companies. Cory has led numerous consulting engagements on firms ranging from a $2.5 billion financial institution to the largest banks in the world. ABOUT THE PRACTICE The Risk & Compliance practice helps CEOs, Chief Risk Officers, CFOs and Boards assess, measure and improve their financial risk strategies and risk management capabilities. Improvements are delivered by our experienced global team comprised of former risk managers, commercial and consumer lenders, financial regulators, risk managers, PhD-level quantitative executives and operations managers. The practice’s core competencies include underwriting and collection process redesign, implementation of capital allocation methodologies, risk rating methodologies, asset-liability management process enhancement, credit review services, due diligence, policy and organizational structure design, operational risk management methodology assessment and development, risk reporting improvement, enterprise risk management and model validation and design.

Questions

Rachel Patterson 

773.218.8270

Other Information

ABOUT THE FIRM Protiviti (www.protiviti.com) is a global business consulting and internal audit firm composed of experts specializing in risk, advisory and transaction services. The firm helps solve problems in finance and transactions, operations, technology, litigation, governance, risk, and compliance. Protiviti's highly trained, results-oriented professionals provide a unique perspective on a wide range of critical business issues for clients in the Americas, Asia-Pacific, Europe and the Middle East. Protiviti has more than 60 locations worldwide and is a wholly owned subsidiary of Robert Half International Inc. (NYSE: RHI). Founded in 1948, Robert Half International is a member of the S&P 500 index.

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