Sustainable Finance for Risk Managers

The Monticello team joined GARP’s Sustainable Finance for Risk Managers virtual webinar this week. This event highlighted the importance of embedding ESG into day-to-day banking strategy, operations, and lending practices. Participants discussed the importance of sustainability in lending practices in the origination and monitoring stages to assist firms and clients in transitioning to a more sustainable business model. In addition, the presenters discussed the few ESG factors that are financially material for Banks on a go-forward basis. Assessing loans issued with margin linked to the company's sustainability performance improvement, regulatory reporting, and third-party disclosure metrics were all topics discussed.

 

At Monticello, our consultants are active participants in thought leadership events to ensure our financial services, banking, and technology clients are advised on emerging trends and risks their organizations may face. We look forward to working with our clients to support their climate risk management and reporting initiatives in 2022 and beyond.

Conversation on Accelerating Digital Strategy in 2022

The Monticello team attended Gartner’s discussion on Critical Components Needed to Accelerate Your Digital Strategy in 2022. Gartner highlighted the Digital acceleration trends and elevated investments made by companies in the last two years under a global COVID-19 macro environment, based on a Board of Directors survey it conducted recently.

 

The four critical components included 1) Digital Strategy, 2) Information & Technology Operating Model, 3) Culture, and 4) Technology Foundation. Creating a meaningful and actionable digital strategy is the very first step towards accelerating a digital journey.  The other three components are the “enablers” of the digital strategy, focusing on people, process/operating model, and technology pillars in the follow-up execution framework often used in the industry.  Companies should optimize and allocate their limited capital and resources based on their current digital enablement landscape and layer on top of it their optimization and transformation initiatives, aligning to their firmwide strategic direction, drivers, and portfolio of programs.    

 

At Monticello, our consultants continue to participate in industry thought leadership events to ensure our clients are advised on emerging digital trends and the leading practices on how best to design digital journeys, optimize digital assets, and transform their business.  Monticello has deep experience working with our clients across the financial services industry helping them run successful change the bank initiatives. We look forward to working with our clients to support their digital enablement, optimization and Transformation initiatives in 2022 and beyond.

 

GARP's Checklist for Climate Risk Management webinar

The Monticello team attended GARP’s Checklist for Climate Risk Management: How to Make Progress in 2022 virtual webinar this week. GARP highlighted results from the top 10 questions banks, asset managers, and insurer executives were asked by GARP regarding their business strategy and operational readiness to Climate Risk Management. Over 78 C-Level respondents across EMEA and North America took part in the questionnaire which aided in the development of the 2022 GARP Climate Risk Management Checklist. This checklist can be used to aid organizations in ensuring risk management readiness to emerging Climate Risk trends, including overall risk management oversight and governance.  

At Monticello, our consultants continue to participate in industry thought leadership events to ensure our clients are advised on emerging trends and risks their organizations may face. Monticello realizes the importance of participating in emerging finance and risk topics as thought leaders in financial services, banking, and technology. We look forward to working with our clients to support their climate risk reporting initiatives in 2022 and beyond.

Monticello Kicks Off Year with Change Management Training

Monticello’s newest Change Management Practice area members participated in Certified ScrumMaster (CSM) training this week. Even as experienced Scrum Masters, taking the Certified ScrumMaster training sessions with the Grow-Lean training team offered valuable insights and practical take-aways that can be applied to new and existing Agile teams.  Oftentimes, value is discovered and not known in advance.  With projects that are complicated, uncertain, or perhaps both, Agile is an ideal framework to apply as it creates feedback loops that enable the team to quickly learn and adjust. A talented CSM creates an environment where self-management flourishes.  The Monticello team looks forward to working with our clients to help them adapt and quickly pivot to build plans that drive successful outcomes as we kick off 2022!

Monticello Volunteers Support Children's Village Holiday Events

Monticello was pleased to participate, along with the Children’s Village staff, in this years Holiday Gift Program and Ice Cream Social. The Monticello team of volunteers worked to set up, run, and break down the holiday gift store as the children purchased gifts for themselves, family and friends. The Monticello team enjoyed helping the kids shop and wrapping gifts. Once each of the groups finished shopping, they were treated to an ice cream social where the Monticello volunteers served ice cream with a great assortment of toppings. Good times were had by all and we wish everyone a safe and joyful holiday season!