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A Holistic Approach
CMRA is a leader in promoting good risk governance. In addition to our subject matter expertise, Leslie Rahl is a member of the Board of Directors of two public companies, chairs the Risks policy and Capital Committee of one of them and is a member of the Risk Committee of another. She has also served on the board of the MIT endowment, the Advisory Board of the NYS Common Retirement Fund, the ISDA Board, the IAFE Board and the Boards of several Business Schools and not-for-profits. She attended the Executive Education Governance Program at HBS in 2004.
Publically Disclosed Best Practice Surveys
Select Assignments in Governance
Advised the Board of an insurance company on the risks in a new variable rate annuity product
Assisted the Board of a large pension plan in the creation of a Risk Appetite and Attitude Statement
Provided Board Education program on "Lessons Learned from the Crisis"
Conducted Risk Governance Survey of 140 financial institutions
CMRA assisted the Mutual Fund Directors Forum in the creation of "Risk Principles for Fund Directors"
Evaluated risk budgeting program and governance for several pension plans
Advised servicer boards of pension plans re: hedge fund due diligence
Assisted several firms in formulating "Risk Appetite Statements"
Advised several clients on Chief Risk Officer (CRO) roles, responsibilities and selection
Advised several firms on the structure of their "Risk Management" Governance Committees
Conducted a training session for the Board of Directors of a large mutual fund complex on risk governance
Advised a sovereign wealth fund on risk governance
Advised the Board of Directors of one of the largest non-US corporate plan sponsors on risk management
Developed derivative guidelines for a large US corporate pension fund
Advised the Board of Directors of a large European bank on derivatives
Drafted and reviewed risk management policies and procedures for numerous buy- and sell-side firms
Engaged by a Japanese think tank to provide in depth research on risk management practices of major banks and investment banking
Advised several clients on a Charter for a Risk Committee of the Board