Fiduciary Risk and Fiduciary Risk Management - Includes Suitability – Evaluation, Management & Disclosure
Speaker: Robert Geary
Speaker Designation: Founder, Greenwich Risk Management Advisory Services
Speaker: Robert Geary
Speaker Designation: Founder, Greenwich Risk Management Advisory Services
All firms and persons acting in a fiduciary capacity concerning a function they perform must fully understand the duties and responsibilities of serving in a fiduciary capacity, what constitutes fiduciary failure, and the consequences of such failure. It is therefore imperative that fiduciaries understand the risks associated with being a fiduciary, the conditions that can give rise to a fiduciary risk event, and the risk management processes that should exist to manage fiduciary risk.
Individuals who should attend this training are persons who serve in a fiduciary capacity as individuals or as members of a fiduciary activity within a business as well as individuals who serve in a senior management, risk management, compliance, or audit oversight capacity of activities with fiduciary responsibilities.
This training would also be of value to regulators who also must address businesses with fiduciary activities under their supervision. Lastly, it would also be of value to colleges and universities with risk management as part of a degree curriculum.
This presentation will provide:
In addition, the presentation will establish the functions that contain fiduciary responsibilities, site the laws and regulations that govern fiduciary activities and address the recent new DOL Fiduciary Rule.
Fiduciary risk and its management are integral to protecting the interests of clients and beneficiaries while ensuring organizational integrity. A proactive approach to evaluating suitability, managing fiduciary responsibilities, and ensuring transparency in disclosures can significantly mitigate risks and reinforce trust in fiduciary relationships.
Robert Geary is the founder of Greenwich Risk Management Advisory Services "LLC" and services as the principal consultant on many of the firm’s consultancy mandates.
Robert has been a banking and finance industry professional for 43 years with 34 years serving in a variety of senior Treasury, financial market, asset management and risk management roles at JP Morgan Chase & Co. For the last 6 years of his career with JP Morgan Chase, Robert had undertaken risk management oversight roles that have included Head of Market, Credit and Operational Risk Management for Chase Asset Management and being Managing Director of Fiduciary Risk Management for the Corporation. During Robert’s career he has served on the Board of Directors of Chase Manhattan Overseas Banking Corporation as well as having served on numerous senior committees. Prior to joining Chase, he held positions at Chemical Bank, Chrysler Financial Corporation and National Bank of North America.
Robert holds a BA degree in Economics from Pace University and did graduate studies in finance at New York University Graduate School of Business. He is a Past President of the New York Athletic Club and is currently a member of the Executive Advisory Board of St. John’s University Department of Accounting and Taxation.
