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Double whammy win for FINSIA members at Risk Odyssey 2019

by Lewis Panther | 14 May 2019

FINSIA members have the chance of a complimentary interactive ethics workshop at a day-long seminar involving experts on tax, aged care, tackling corruption and consulting at Risk Odyssey 2019.

Members can save $200 from the full price of the conference at the end of the month, pick up CPD points and have the opportunity to take part in a free interactive ethics workshop with Head of Standards and Education Kylie Blundell.

Another six high-calibre speakers from government and the private sector are lined up to share their insights at the event organised by the Risk Management Institute of Australasia.

President Anthony Ventura said: “Examples of poor organisational risk culture and bad behaviour within the banking and aged care sector has dominated the headlines in 2018. 

“Yet risk culture applies to all organisations and industries.”

The one-day seminar and networking event will challenge delegates to examine the subject so that they understand sound risk-taking and can address emerging risks, he says.

One of the ways of doing this is to make sure staff are empowered to challenge examples of poor culture. Ways of improving risk awareness whilst embedding ethics and accountability will is be examined at the event.

Blundell SA FIN said FINSIA delegates at the seminar will be able to put the information they pick up to the test during the interactive Integrity in the Workplace workshop at the end of the day.

“Risk Odyssey is a great opportunity for members to learn and network throughout the day, then test themselves when it comes to weighing up risk at work, exploring their own ethical decision-making,” she said.

“The feedback from previous integrity in the Workplace workshops, which have had hundreds of attendees, is that they’re a great way to develop the kind of ethical behaviour expected of those in the financial services.

“It was clear from the Royal Commission’s final report that issues around ethical behaviour were at the heart of what went wrong.

“With half the recommendations he made focusing on ethics and professionalism - and that it was down to the banks themselves to fix what went wrong - it is a logical step to show you can be ethical.”

It has been FINSIA’s long standing commitment to professionalisation and individual accountability that was behind the decision to run the workshops last year.

Blundell added: “That the revelations throughout the early rounds of hearings were so shocking  simply reinforced the fact we were doing the right thing - ethics and integrity sessions should become an integral part of the professional training for financial services employees.

“Questions may still remain about some case studies from the hearings where the law was broken. Commissioner Hayne has rightly referred those to regulators.

“The fact is that it would not get to the stage where the law could be broken - as ethical standards are almost always higher than simply meeting legal requirements.

“And if it is down to the banks and individuals to put the sector in order, getting them to ask “is this the right thing to do?” rather than “is this legal?” is the first line of defence.

“In these workshops - which we are constantly developing with real life dilemmas from the world of sport and politics - we get those attending to understand the reason why and be prepared to ask questions.

“The interactive format, using anonymous voting, encourages debate and discussion about the pros and cons of each option he group choses. 

Statistics and research which illustrate how important trust is to business and to professionals will also be examined.”

Members who want to attend the event in Adelaide on 30th May can use the discount code FINSIA_30519 for member rate registration and pay $330 (instead of $550)

Alternatively members who just want to attend the IITW workshop which is being held from 3.15 – 4.45pm can do so for $75 members ($85 non members)



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