Fiduciary Risk and Fiduciary Risk Management - Includes Suitability – Evaluation, Management & Disclosure

Fiduciary risk management starts with knowing what serving in a fiduciary capacity requires. Any firm or person acting as a fiduciary must understand their duties, what counts as fiduciary failure and what follows from it.

This 60-minute webinar explains fiduciary roles and fiduciary-like responsibilities, the conditions that can trigger a fiduciary risk event, and the risk management processes that should be in place. It focuses on suitability and disclosure as common causes of risk events, identifies the functions that carry fiduciary duties, cites the laws and regulations that govern fiduciary activity, and addresses the DOL Fiduciary Rule.

• Explain fiduciary roles and fiduciary risk
• Identify the conditions that give rise to fiduciary risk events
• Evaluate suitability and disclosure as causes of fiduciary failure
• Describe the consequences of fiduciary risk events
• Recognize the laws and regulations that govern fiduciary activities

• Fiduciary and fiduciary-like responsibilities
• Functions that carry fiduciary duties
• Potential causes of fiduciary risk events
• Suitability and disclosure as sources of risk
• Fiduciary risk conditions, events and consequences
• Laws and regulations that govern fiduciary activities
• The DOL Fiduciary Rule

Fiduciary failure carries serious consequences, so anyone with fiduciary duties, or oversight of them, needs a clear view of where risk arises.

This session suits individual fiduciaries and fiduciary business staff, senior managers, risk, compliance and audit professionals overseeing fiduciary activities, investment management and private bank leaders, trustees, regulators, and colleges teaching risk management.

• EVP/SVP – Investment Management
• EVP/SVP – Private Bank
• Relationship Managers - Investment Management
• Asset Managers - Investment Management
• Relationship Managers – Private Bank
• Fiduciary Business Manager
• Fiduciary Risk Management Manager
• Fiduciary Compliance Management Manager
• Fiduciary Audit Manager
• Trustee

Robert Geary is the founder of Greenwich Risk Management Advisory Services "LLC" and services as the principal consultant on many of the firm's consultancy mandates.
Robert has been a banking and finance industry professional for 43 years with 34 years serving in a variety of senior Treasury, financial market, asset management and risk management roles at JP Morgan Chase & Co. For the last 6 years of his career with JP Morgan Chase, Robert had undertaken risk management oversight roles that have included Head of Market, Credit and Operational Risk Management for Chase Asset Management and being Managing Director of Fiduciary Risk Management for the Corporation. During Robert's career he has served on the Board of Directors of Chase Manhattan Overseas Banking Corporation as well as having served on numerous senior committees. Prior to joining Chase, he held positions at Chemical Bank, Chrysler Financial Corporation and National Bank of North America.
Robert holds a BA degree in Economics from Pace University and did graduate studies in finance at New York University Graduate School of Business. He is a Past President of the New York Athletic Club and iscurrently a member of the Executive Advisory Board of St. John's University Department of Accounting and Taxation.