Mitigating Strategies for New Product Development Process & Approvals - Policy, Governance and Methodology

Why Should You Attend:

A rigorous and well-documented process for developing and implementing new products is an essential tool to ascertain that all risks have been properly identified, evaluated and addressed before a product goes to market. This webinar will discuss why the process must include a comprehensive risk assessment and checkpoints to ensure that appropriate stop-or-go decisions are made throughout the product development life cycle.

It will also discuss how risk officers have played a key role in the product development process, ensuring compliance with the overall process, and making sure subject matter experts are involved at the appropriate times and required approvals are obtained at the end of each phase.

Areas Covered in the Webinar:

• Product Development Life Cycle
• Policy, Governance and Methodology
• Product Development Process
• Risk Assessment Protocol
• New Product Approval
• New Product Implementation
• Post-Implementation Review
• Product Monitoring

Who Will Benefit:

This webinar will provide valuable information to individuals occupying the following positions in the financial services industry:

• Asset Managers
• Broker/Dealers
• Supervisors
• Financial Officers
• Compliance and Risk Officers
• Internal Auditors
• Operational Risk Managers
• Internal and External Auditors
• Board Members
• IT Managers
• General (Legal) Counsel
• Operational Risk Managers
• CFOs (Chief Financial Officers)
• COOs (Chief Operating Officers)
• CROs (Chief Risk Officers)
• CIOs (Chief Information Officers)
• CPAs (Certified Public Accountants)
• CBAs (Chartered Bank Auditors)
• CIAs (Certified Internal Auditors)
• CFEs (Certified Fraud Examiners)
• Regulators who supervise or examine banks or financial institutions

Mario Mosse
President, MMosse Consulting LLC

Mario Mosse has over 40 years of experience in enterprise risk management, internal audit and regulatory compliance at financial services companies. He is the president of MMosse Consulting, LLC, where he provides risk management advice and training to the financial services industry. Previously, he was the head of Operational Risk Management at Prudential Financial, Inc. and with The Chase Manhattan Bank, where he held several senior positions in risk management and internal audit.

Topic Background:

Many financial scandals and significant operational losses can be traced back to poorly designed or improperly implemented products. The 2007/2008 financial crisis highlighted the wide-spread damages caused by products that did not perform as expected or were unsuitable for the target clientele. Other problems arose from faulty legal and operational processes that led to improper documentation and dubious interactions with clients. In the aftermath of the financial crisis, regulators have become particularly concerned with financial institutions that do not have a solid process for vetting new products and addressing the significant risks inherent to the product development process.

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