Wednesday, August 19, 2015 from 2:00 PM to 3:00 PM (EDT)
Government is inherently risk averse, but are we sufficiently risk aware? Recent guidance from GAO and OMB calls for a principles-based approach to managing risk. What is actually required and how do we incorporate risk management into our planning, operations and reporting? In this interactive session OMB policy makers define the ‘what’ and government risk management experts provide their thoughts on the ‘how’ of Enterprise Risk Management (ERM). In this viewcast you will learn:
At the conclusion of the viewcast, there will be an opportunity to participate in a live Q&A session with the panel - so don't forget to tweet your questions using #riskawaregov and tag @GrantThorntonUS and/or @GovExecEvents.
Dr. Karen Hardy, Deputy Director Risk Management, U.S. Department of Commerce
Karen Hardy is Deputy Director for Risk Management at the U.S. Department of Commerce. Comprising of 47,000 employees and 12 bureaus, she joined Commerce in 2011 and is responsible for integrating a system of enterprise risk management into the agency’s day to day operations; including the strategic decision-making processes, budget cycles, and programmatic areas. Dr. Hardy provides leadership in policy development and implementation of Enterprise Risk Management frameworks across the Commerce 12 bureaus.
Currently, Dr. Hardy is focused on executing strategic risk management for the Commerce Department’s Strategic Plan and assessing risk to the Department’s 18 strategic objectives. She recently delivered a presentation on Risk Management to the United Nations Under-Secretary-General for Management.
Dr. Hardy is an international and national speaker. She serves on the ISO 31000 Technical Advisory Group and is a Visiting Lecturer at the Brookings Institution.
Prior to Commerce, Dr. Hardy spent several years in various disciplines including grants management, contracts, and as an Administrative Officer. Prior to her federal career, Dr. Hardy worked for Citicorp. Dr. Hardy received her undergraduate degree in journalism and communications from Hampton University and her graduate degree in business administration from Strayer University. She earned her Doctor of Education degree in organizational leadership and human resource management from Nova Southeastern University in Florida.
Cynthia Vitters, Director, Risk Analysis & Reporting, Federal Student Aid, U.S. Department of Education
Cynthia Jasper Vitters is the Director of the Risk Analysis & Reporting Division in the Risk Management Office of the Department of Education’s (US-ED) Office of Federal Student Aid (FSA). She joined the Risk Management group in January 2006 to establish what is believed to be the first formally recognized enterprise risk management program in the Federal government.
Cynthia has over 19 years of experience with the Federal government. Her areas of expertise include enterprise risk management, performance audits of education programs and operations, compliance audits, and the administration of the FSA programs.
Prior to joining FSA, Cynthia spent eight years with the US-ED Office of Inspector General managing internal performance audits of multi-billion dollar federally funded education programs and audits of colleges’ and universities’ administration of Title IV programs. Cynthia also spent several years with US-ED’s Office of the Chief Financial Officer where she focused on projects aimed at government re-engineering.
Cynthia earned her B.A. in Government from Franklin & Marshall College and M.B.A with a concentration in Accounting from Georgia State University. She is also a graduate of the Senior Executive Fellows Program at the John F. Kennedy School of Government at Harvard University. She speaks regularly on the topic of ERM implementation in the federal government and co-authored a chapter of the book, “Managing Risk In Government: A Guide for Government Decision Makers.”
Mike Wetklow, Branch Chief, Office of Management and Budget
Mike Wetklow is a Branch Chief in the Office of Management and Budget’s (OMB) Office of Federal Financial Management (OFFM). He joined OMB in 2011 and is responsible for leadership, policy, and implementation of OMB efforts to initiate government-wide financial management improvements.
Currently, Mike is focused on updating OMB Circular No. A-123, Management’s Responsibility for Risk Management and Internal Control and developing the Federal Government’s first formal guidance on Enterprise Risk Management.
Prior to OMB, Mike spent eight years at the Department of Homeland Security (DHS) where he had been the Department’s first Director of the Internal Control Program Management Office, leading efforts to eliminate pervasive material weaknesses and obtained the Department’s first Balance Sheet opinion in FY 2011. Prior to DHS, he held several accounting and auditing positions at KPMG, the Government Accountability Office (GAO), and the Maryland Legislative Auditors Office.
Mike has received top honors throughout his career, including the AGA’s National 2015 Achievement of the Year Award; AGA’s DC Chapter 2015 Achievement of the Year Award; DHS CFO’s 2011 Partnership Award for Extraordinary Mission Contribution; DHS Secretary’s 2008 Individual Award for Excellence; DHS Secretary’s 2008 Award for Team Excellence; DHS CFO’s 2008 Individual Award for Exceptional Service; Customs Border Patrol (CBP) Commissioner’s 2005 citation for DHS/CBP Financial Management Partnership 2005; and GAO Teamwork citation in performing the 2000 Bureau of Public Debt and Consolidated Financial Statement Audits.
Mike received his undergraduate degree in accounting and his graduate degree in public administration both from the University of Maryland at College Park. Mike is a Certified Public Accountant and Certified Government Financial Manager. With his wife, Mike is the proud father of three sons.
Greg Wallig, Principal, Grant Thornton LLP
With over 20 years’ experience consulting to both the public and private sectors, Greg brings a diverse perspective to organizations that are seeking to optimize the performance of their business. Clients benefit from Greg’s understanding of various industry segments, international locations and CXO chains of command. He is particularly adept at creating, assessing and optimizing risk frameworks and for the past four years has led Grant Thornton’s global public sector governance, risk and compliance (GRC) practice. In his role as practice leader, Greg focuses on enterprise risk management (ERM), information assurance, program integrity, internal controls, forensic accounting and improper payments. He frequently writes and speaks on the topic of utilizing risk management to improve the efficiency and effectiveness of government programs, particularly in light of severe budget cuts.
Produced by: Custom Strategies, a division of Government Executive Media Group
Grant Thornton’s Global Public Sector helps executives and managers at all levels of government maximize their performance and efficiency in the face of ever tightening budgets and increased demand for services. Its public sector practice gives clients creative, cost-effective solutions that enhance their acquisition, financial, human capital, information technology, and performance management. Grant Thornton’s commitment to public sector success is burnished by a widely recognized body of thought leadership analyzing and recommending solutions to government’s greatest challenges.
Based in the Washington D.C. metropolitan area, with offices in Alexandria, Virginia; Austin and San Antonio, Texas; and Sacramento, California; Grant Thornton’s Global Public Sector serves federal, state, local, and international governments. For more information, visit www.grantthornton.com/publicsector.
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