Welcome to GARP Cleveland

1
Welcome to GARP Cleveland

• Anurag Gupta, Co-Director
• Aurele Houngbedji, Co-Director
• Atul Gupta, Steering Committee
• Hovik Tumasyan, Steering Committee

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Outline

• GARP
• Our team in Cleveland
• The FRM exam
• Objectives for GARP Cleveland
• Guest Speaker

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Global Association of Risk Professionals

• Leading association for risk professionals
• 39,980 members in over 100 countries (13,024
  members in North America)
• Primary objective to advance the risk profession
  through education, training, and promotion of
  best practices globally
• www.garp.com!

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Our Team in Cleveland

• Anurag Gupta, Co-Director
• Ph.D. (Finance) from NYU, Asst. Professor at
  Case-Weatherhead School (Finance Department)
• Aurele Houngbedji, Co-Director
• Ph.D. (Math Finance) from U-Pittsburgh,
  Quantitative Analyst at Ohio Savings Bank
  (Capital Markets Department)
• Atul Gupta, Steering Committee
• Ph.D. (Economics) from USC, AVP, Economic capital
  Allocation, National City Corp.
• Hovik Tumasyan, Steering Committee
• Ph.D. (Physics) from U-Miami, VP, Risk-based
  capital allocation, National City Corp.

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The Financial Risk Manager (FRM) Exam

• Globally accepted benchmark certification in risk
  mgt.
• Held once a year around the world (in November)
• 4,661 FRM holders (including Aurele)
• Coverage
• Quantitative Analysis
• Market Risk Measurement and Management
• Credit Risk Measurement and Analysis
• Operational, Integrated Risk Legal, Accounting,
  Ethics Issues

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FRM Candidates Every Year

• Over 5,600 registered this year.

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Objectives for GARP Cleveland

• Several general finance associations, but no
  forum focused on risk management
• Several banks, investment firms, insurance
  companies, energy firms, and industrial firms in
  the NE Ohio region
• Meet and talk about risk management issues,
  methods and practices through
• Guest Speakers
• Panel Discussions
• Conferences
• Provide a forum for focused networking
• Bring the FRM exam to Cleveland

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The FRM exam in Cleveland

• Planning to offer a certificate program in risk
  management at Weatherhead School
• Track of 5 courses focused on preparing
  candidates for the FRM exam
• Prof. Peter Ritchken, Chair, Finance Department,
  is helping us set up this program
• The only program of its kind in the region, very
  few even outside the region
• Suitable for professionals with 2-5 years
  experience, as well as MBA/Masters students (with
  adequate background)

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Our Guest Speaker for Today

• Kathryn W. Dindo, Vice President and Chief Risk
  Officer, FirstEnergy
• Since Nov 2001, established and led FirstEnergys
  Enterprise Wide Risk Management Organization
• Joined FirstEnergy in Sept 1998 as Vice President
• Instrumental in building FirstEnergy Facilities
  Services Group, Inc. - 600m in revenues, 3,400
  employees
• Overseeing oil and gas-based operating units
• VP and Controller of Caliber System, Inc.
  (1994-98), a 3 billion company
• On the boards of J.M. Smucker Company, Bush
  Brothers Co., Akron Community Foundation, etc.
• Previously audit partner with Ernst Young LLP
• Elected as one of EYs first women partners
  nationally in 1985
• CPA, BS (acctg.) U-Akron (1971), magna cum laude