In this book, the reader will obtain the appropriate tools to manage the various risks to which a financial institution is exposed. Thus, he will get frameworks, standards, methodology, techniques and tools to be able to identify, evaluate, manage, monitor, communicate and follow up on the risks that could affect the institutions.
Comprehensive risk management should not be isolated in one risk area; on the contrary, it must be disseminated across all levels of the organization, allowing for better management. Having three lines of defense for proper management is a must. Permeating a risk culture is required so that people make decisions considering the risk. That employees know the risk appetite of the institutions is vital for that decision making.
Enterprise risk management in financial institutions provides us with these vital tools to enhance risk management in institutions, allowing their long-term development and improving the chances of meeting objectives. It provides a comprehensive view of the different risks that could affect organizations and presents specific tools to improve management.
Diego Fiorito was born in 1972 in Buenos Aires, Argentina. He studied Economics at the Universidad Catolica Argentina, and completed his studies with a Postgraduate Degree in Finance at the Universidad de San Andrés and an M.B.A. at Hult International Business School, Boston, United States. Additionally, he complemented his academic training with the international certifications CFA, FRM, ISO 22 301 and ISO 31 000.
In Argentina, he began his career at Scotiabank as a Credit Risk Analyst. Later, he worked as a portfolio manager in the bank’s mutual Funds. In 1996, he moved to BankBoston, where he worked as a corporate money desk officer, as a government securities trader, and later, as a market risk officer for the Southern Cone region.
After that, he continued his career abroad; first, in the Republic of Panama in the Latin American Bank for Foreign Trade (Bladex) as vice president of Market Risk and then as vice president of Treasury Products and Positions. In 2009, he joined the Central American Bank for Economic Integration (CABEI) as Head of Asset and Liability Management (ALM) and later as the Chief Risk Officer (CRO). In 2018, he returned to Argentina to work at HSBC as Head of Risk at HSBC, Asset Management.
He developed his career in the financial industry in various topics such as enterprise risk management, asset & investment management, asset and liability management, treasury, investments, market risk, credit risk, portfolio management and as a trader.
He participated as an exhibitor in various international risk events in Panama, Honduras, Guatemala and Dominican Republic. As a result of his activities, he lived in Argentina, United States, Panama and Honduras. As a result, he was immersed in multicultural environments, which have given him different perspectives and experiences.
He has written and published three other books: “The Opportunity to Change”, “Risk Management: How to Meet Personal and Business Goals” and “The Plot of the Fight Against Poverty”.