Newsletter

AFERM Newsletter, Issue 27, October 2018

This is the 27th issue of the quarterly AFERM Newsletter! It includes three very informative thought leadership articles from enterprise risk management (ERM) professionals at Crowe, Deloitte, and KPMG. We also welcome incoming AFERM president Tom Brandt for FY19!

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President’s Corner

By Tom Brandt

2018 marks another impressive year for AFERM and the community of federal enterprise risk practitioners. In the two years since the Office of Management and Budget (OMB) set broad expectations for federal agencies to implement enterprise risk management (ERM) through the issuance of a revised Circular A-123, ERM programs have expanded across the government, demonstrating value by helping agencies better understand risks that can threaten mission accomplishment.

Under the leadership of president Peggy Sherry and past-president Sallyanne Harper, AFERM continued to advance the practice of ERM through an expanded array of top-notch events, luncheons, training and other offerings that were made available this year.

Topping the list is the launch of the Risk Management Society (RIMS) Certified Risk Management Professional credential for the federal government (RIMS-CRMP-FED) credential, which marks the culmination of a years-long endeavor between AFERM and RIMS to develop and provide a means for risk professionals to demonstrate specialized professional proficiency in risk management in the federal sector. In its inaugural year, 65 AFERM members earned the new credential. Congratulations to the new RIMS-CRMP-FED recipients and thanks to all those who helped make this a possibility, with a special thanks to Todd Grams and Cynthia Vitters for championing this effort!

AFERM also launched a new series of Risk Chats in 2018, providing insight into the approaches many of our colleagues took in implementing ERM across a range of agencies and touching on promising practices, lessons learned, and helpful experiences from which we all can gain. We will continue the Risk Chats in 2019 and look forward to hearing about the ERM journey of other agencies. The dialogue on risk management also takes place through other forums such as AFERM’s “Ask the Experts” blog, the thought leadership pieces in our newsletters, and the articles highlighted in our AFERM.org Newsfeed and email communications.

We just concluded a tremendous Summit in October, made possible by several dozen volunteers working together under the leadership of chair Sean Vineyard and co-chairs Mike Wetklow and Marianne Roth. Held at the Ronald Reagan Building and International Trade Center in DC, this year’s Summit was an energizing event that very successfully delivered on the theme of “Innovate, Integrate and Motivate: Shaping the Future of ERM in the Public Sector!”

I am very pleased to take on the role of AFERM President, and I look forward to continuing to expand and enhance the services our organization provides to further the effective practice of ERM. AFERM is an all-volunteer organization, and we actively encourage and welcome your continued support, ideas for programs and events, and active participation. With the leadership of the AFERM Board, all of our committees, the growing number of sponsor organizations, and you – our members – we can look forward to another amazing year ahead!

Thank you,
Tom

Tom Brandt, AFERM President, may be contacted at president@aferm.org.