AFERM/George Mason University CRO Scholarship Recipient Completes CRO Program
We are happy to announce that AFERM member Karrenthya Simmons, the current acting Chief Risk Officer for the Commodity Futures Trading Commission and AFERM/George Mason University Chief Risk Officer (CRO) 2024 Scholarship recipient, has successfully completed the CRO program!
Karrenthya has been a dedicated member of AFERM since 2015 and brought a wealth of knowledge to program with her decade of experience in the risk management space. During the program, Karrenthya, alongside other senior leaders, expanded their leadership with advanced skills needed to navigate the evolving enterprise risk management landscape. Her completion of this program is a testament to her dedication to excellence and growth in this field.
Join us in congratulating Karrenthya on this achievement and we look forward to her continued contributions in the risk management community! Stay tuned for the next opportunity to apply for the scholarship for the upcoming CRO program, starting in October 2025.
Save the Date for AFERM's 2025 Summit
The 18th Annual ERM Summit, “Mission Possible: Unlocking the Future of Enterprise Risk Management,” will take place virtually October 21-22, 2025. With sensitivity to everyone's flexibility to attend, the Board of Directors hopes offering the Summit virtually allows for greater participation.
Join a fun team and connect with other like-minded AFERM volunteers to help execute our largest annual event. This volunteer role, which can be 1-2 hours per week, provides you an opportunity to get more involved with your professional association, build your network, and expand your portfolio.
AFERM Webinar: Integrating ERM into the Agency Budget Process
Join AFERM for our next webinar on Tuesday, May 20, from 11:00 AM – 12:00 PM ET. Hear from the Coast Guard on how they have matured their ERM and budgeting processes to ensure risk data is integrated into the budget process. The Coast Guard's process provides a framework for how other agencies can integrate their ERM programs into the resource allocation process.
Moving Enterprise Risk Management beyond Compliance: In this op-ed, the author discusses how modern data analytics and AI can move federal ERM beyond just a compliance exercise. It points to the distributed management and decentralized operating structure as a drawback for many federal agencies, and argues for building common operating pictures (COP) through integrated authoritative data and evidence to bridge functional and program stovepipes. Read the article here.
U.S. Policy Emerges as Major Political Risk: This article concludes that nearly 60% of companies are expecting negative financial impact from the current U.S. trade policies, which has emerged as a leading political risk, matching losses from Ukraine conflict. The results are based on a new survey conducted by the Willis firm, which found that for 74% of global companies, political risk has become a top five ERM risk. Read the article here.
Join or Renew Your AFERM Membership
AFERM is the premier professional community for government ERM practitioners. Here are just a few of the benefits that your AFERM membership gives you year-round:
Access to our online resource library with over 100 contributed artifacts
Association for Federal Enterprise Risk Management is a registered 501(c)(3) non-profit organization. Contributions to AFERM are tax deductible to the extent permitted by law. Membership dues and event registration fees are not considered contributions.
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