ScenarioThe following scenario sets the stage for your class project. All of the businesses mentioned are fictitious and do not exist (the homes, however, are actually for sale).You are a risk managem

Scenario

The following scenario sets the stage for your class project. All of the businesses mentioned are fictitious and do not exist (the homes, however, are actually for sale).

You are a risk management consultant working for FRMC, Inc., a firm that provides risk management advice, guidance, and financial audit services to new companies establishing themselves in the financial business sector. A small group of investment and mortgage experts from NYC have incorporated themselves into a new mortgage lending company called East End Loan, Inc. Their primary market focus is the small, sleepy, ocean-front village of Amagansett, NY just east of Southampton on Long Island’s wealthy and trendy south shore.

Following an economic recovery from the financial crash of 2008 and a resurgence of home construction and repair after Superstorm Sandy, the Long Island east-end real estate market has been on the rise. East End Loan, Inc has enjoyed dramatic growth and now has 450 employees. They maintain an extensive IT infrastructure which stores all of their financial lending information as well as critical residential deed, section, block, and lot information in their real estate portfolio which includes many of These Homes.

Now that the company is growing, the CEO and CFO from East End Loan have invited your company to visit them and discuss aspects of Risk Management that they have not implemented yet. Your job is to create a PowerPoint presentation that highlights the best practices of Risk Management.

ASSIGNMENT

Create a PowerPoint presentation of 6-10 slides. When dealing with C-suite executives, you typically have 30 minutes or less to pitch a proposal presentation – about 6-10 slides maximum. Do NOT exceed 10 slides of content. Extra slides will not earn you a better grade and the extra length makes it harder for me to review. The title slide and bibliography information are in addition to the primary slides. Build your 6-10 slides of Risk Management information first, then add on the title slide and the bibliography text.

Your presentation should include:

·         Introduce risk management basics to the executives at a high level. How would you describe risk management to a group of people in terms that are simple to understand? (Use Chapter 1 and Lab 1 for ideas). Bulletize the basics on the slide, then expand upon the information in the slide notes.

·         Highlight common threats and vulnerabilities in IT systems. This is the “hook” or selling part of the presentation. When you mention corporate threats and vulnerabilities (the “bad stuff”) to executives, you will have their full, undivided attention. Research on the Internet 2 or 3 examples of corporate IT failures or compromises because of poor risk management. Examples can include theft of passwords, system failure from natural disasters, data theft from hacking, and other business disruptions highlighted reported by the news media. Examples do NOT have to be in real estate, but should be within the last 5 years. Again, bulletize the threats/vulnerabilities on the slide, then expand upon in the slide notes. Don’t forget to cite your sources on the bibliography page.

·         Touch upon some of the COBIT P09 risk management controls (refer to Lab 2 for help). Then outline to the executives what a formal Risk Management Plan might look like. You can refer to Lab 3 for help and research example Risk Management Plans or plan templates on the Internet. Don’t forget to cite your sources on the bibliography page. If you actually won this job for work, you would be providing a formal Risk Management Plan as the final delivery. So, the executives will want to see a summary outline of what the Plan would contain.