Transition Risk: How ERM Can Help You Through Presidential and other Senior Leader Transitions
Join AFERM to discuss the use of ERM to prepare for a Presidential or Executive transition.
October 28, 2020
12:00 pm - 1:00 pm (Eastern)
Brought to you by the Association for Federal Enterprise Risk Management (AFERM).
Each Presidential cycle, government agencies prepare for and execute transitions of power, regardless of whether there is an administration change. As ERM becomes more common in federal agencies, key ERM processes can be used to mitigate potential challenges during these transitions. These concerns are particularly salient now, as the country copes with a Presidential election, a global pandemic, and an economic crisis.
This session will explore how governmental agencies can use key considerations from their annual Risk Profile to prepare for either an orderly transition of power or a continuation of the current Administration with the normal changes in political leadership that occurs in a second term. Panelists will be current or previous members of transition teams within federal agencies and will discuss their roles and how key ERM concepts can address top risks associated with the transition of power lifecycle.
- Discuss how agencies can use ERM to manage their risks during a Presidential or Executive transition.
- Discuss the types of risks agencies may experience pre, during, and post transition.
- Discuss how key ERM concepts such as the Risk Profile can better prepare new senior leaders to manage an agency’s top risks and reduce risks associated with the transition of power.
Isadora (Dorsy) Yoffie, Deputy Federal Transition Coordinator, General Services Administration
Dorsy currently serves as the Deputy Federal Transition Coordinator. She has over fourteen years of experience as a strategic leader and program manager of high profile, large scale transformational initiatives that deliver results. She specializes in new cross-functional initiatives that need to be designed and implemented from the ground up or re-engineered to optimize service delivery. Prior to serving in her current role she was an Associate Director in the Office of Shared Solutions and Performance Improvement at GSA, leading the government-wide shared services initiative. Dorsy also worked on several initiatives at the Department of the Treasury including electronic invoicing, the Small Business Lending Fund and the Troubled Asset Relief Program (TARP). Dorsy is a graduate of Cornell University and lives in Washington, DC.
Ken Phelan, Former Chief Risk Officer, U.S. Department of Treasury
Ken Phelan joined the U.S. Department of the Treasury as its first Chief Risk Officer (CRO) in November 2014 and continued in that role until February 2019. Reporting to the Deputy Secretary, he established Treasury’s Office of Risk Management which provides senior Administration officials with analysis of key risks including credit, market, liquidity, operational, governance and reputational risks across the Department. In addition to his role as Treasury CRO, Ken also served as the Acting Director of the Office of Financial Research from January 2018 until February 2019. In that role, he was a non-voting member of the Financial Stability Oversight Council (FSOC). Ken serves on the board of Huntington Bancshares and Adtalem Global Education and is a senior advisor to Oliver Wyman. He is vice-chair on the board of Independence Mission Schools, a non-profit that provides a transformative Catholic education to almost 5,000 children of all faiths in low income neighborhoods across Philadelphia. Ken holds a law degree from Villanova University School of Law, a Master’s in economics from Trinity College in Dublin, and a Bachelor’s in finance from Old Dominion University.
Event Details & Registration
The webinar will be hosted using MS Teams. Registration is free, but required. Those registered will receive instructions for accessing the webinar by email prior to the event.
Venue: Online Webinar
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This event is being presented by AFERM and the speakers have been added to the event information.