IMAG, Inc., Appoints Phil Gledhill Director of Operational Risk.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Phil Gledhill has been hired as Director of the Operational Risk consulting practice for IMAG, a consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a that provides practical solutions to reputation risk issues within the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industry. Phil's 20 plus years in operational risk management combined with his hands-on experience in banking, treasury and capital markets operations will make him a valuable part of IMAG's existing OpRisk practice. Phil will be working with traditional banks as well as mortgage origination and servicing institutions, who hire IMAG to discover, analyze and control regulatory, operational and business risk issues that could give rise to reputation threats. "Today mortgage origination and servicing companies are becoming more regulated and face increasing pressure to implement operational controls. With Phil's extensive expertise in operational risks, IMAG further enhances their ability to bring reputation risk solutions to the mortgage origination and servicing industry," said Gary Peterson, President of IMAG. "Many foreign banks are under enormous pressure to implement self-assessment exercises in short timeframes with limited resources. In response, we have oriented o·ri·ent n. 1. Orient The countries of Asia, especially of eastern Asia. 2. a. The luster characteristic of a pearl of high quality. b. A pearl having exceptional luster. 3. our OpRisk practice to provide special and immediate assistance to these groups," said Gary Peterson. "Phil's expertise in Basel II Basel II is the second of the Basel Accords, which are recommendations on banking laws and regulations issued by the Basel Committee on Banking Supervision. The purpose of Basel II is to create an international standard that banking regulators can use when creating regulations will aid our foreign and U.S. bank clients who are wrestling with implementing Basel II within their organizations." "Operational risks, left unchecked can negatively impact a company's reputation. I'm thrilled to be working with IMAG to offer proven, proactive and practical solutions for identifying, measuring and preventing such risks," said Gledhill. As Director, Phil will actively assist large, global banking clients with planning and implementation of their operational risk projects, Basel II preparation, and self-assessment reviews. Phil's experience, combined with other members of IMAG's OpRisk practice, will provide banks with a team offering immediate, focused assistance and highly skilled resources. Phil is PHIL IS Philippine Islands the former Vice President and Manager of operational risks at Bank of Tokyo-Mitsubishi in the U.S. where he created an ongoing review process to cover over 40 domestic and international banking departments and trading operations utilizing a wide variety of operational review criteria. Previously he headed operations and compliance at Leonia Bank plc and worked in the financial control and banking services groups at IBJ IBJ Industrial Bank of Japan, Ltd. IBJ Illinois Business Journal IBJ International Brotherhood of Jones Schroder. He chaired the IFSA IFSA Institute for Study Abroad IFSA International Fuzzy Systems Association IFSA Investment and Financial Services Association (Australia) IFSA International Frequency Sensor Association IFSA Inflight Food Service Association Risk Management Committee from 1998-2001 and again from 2003-2004 and is an expert in Basel II requirements and methodologies. About IMAG, Inc., IMAG, Inc., the International Management Advisory Group, discovers, analyzes, controls and mitigates regulatory, operational and business risk issues in companies using proven, proactive, and practical tools. Since 1993 IMAG, has provided risk management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects and guidance for more than 50 of the top 100 financial institutions in the world. The company is headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . In 2002, IMAG introduced "COOL", a proprietary risk analysis and solution methodology that identifies business, operational, and regulatory risks. In 2004, IMAG introduced "R3", a reputation risk reduction methodology, which coupled with COOL analysis, permits management teams to focus attention on prioritized areas of risk that require immediate attention. COOL and R3 have been successfully utilized by a number of mortgage companies, banks, and securities firms. For more information about IMAG, Inc., please visit www.imagny.com or call 212-697-2424. |
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