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varlene guischard

Launch of the Alumni Mentorship Programme 2019 (A.M.P 2019)

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On Tuesday 7th May, the 2019 cycle of the Alumni Mentorship Programme was launched.

With over 40 mentors and mentees in attendance, this interactive and informative session served as an introduction between mentors and mentees. Students and Alumni were able to interact, network and engage in fruitful discussions on their goals, not just for the short term, but also on where they would like to see their careers go as they complete their degrees at the Arthur Lok Jack Global School of Business.

                     

Ms Anya Narine Maraj and Mr David Roberts, who are previous mentors, facilitated this year’s launch event. They both gave guidance and tips to the new mentors and the mentees on setting SMART goals, being realistic in their expectations and generally, on developing a mutually beneficial working relationship going forward.

The Alumni Mentorship Programme is an initiative of the Lok Jack GSB – Advancement and Alumni Relations Centre and is conducted annually for a period of six (6) months. This year’s cycle will run from 7th May to 25th October 2019.

The objectives of the A.M.P are:

  1. To assist students by pairing them with past students who will provide mentorship and guidance as they progress through their respective programmes at the Lok Jack GSB.
  2. To expand the professional networks of all participants with the view of having a more integrated and diverse Lok Jack GSB business network.
  3. To assist in the professional development of the future business leaders of the Caribbean.
  4. To tap into the tacit knowledge and experience inherent in the Alumni in training the new generation of professionals who are not necessarily learned in the classroom.
  5. To facilitate the transfer of knowledge from different eras of business professionals for the overall development of all participants.

To learn more about the Lok Jack GSB Alumni Mentorship Programme, click HERE!

                                        

6 Reasons Why CEOs Should Sponsor High Performing Senior Managers in the Executive MBA programme offered by the Arthur Lok Jack Global School of Business

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This blog is a curated content piece about the benefits that CEOs can attain from sponsoring high performing senior managers in the Internationally Accredited Executive MBA programme (EMBA) offered by the Arthur Lok Jack Global School of Business (UWI-ALJGSB). The benefits to senior managers who enroll in the EMBA programme will also be discussed.

Corporate sponsorship of an Executive MBA (EMBA) does not solely benefit the employee but also generates a return on investment to the employer. Investing in high performing employees demonstrates a company’s commitment to the professional development of staff and contributes to a culture of learning, support and loyalty. The six (6) reasons why CEOs should sponsor their most promising senior managers can be assessed from both the employer and employee perspective.

1. Yield Immediate Returns and Cost Savings

The UWI Arthur Lok Jack Global School of Business (UWI-ALJGSB) adopts an authentic teaching and learning approach which provides students with practical courses, assignments, actual project-based and problem-based learning activities and presentations. The use of case studies, simulations and real-world applications, give students the ability to integrate the knowledge and skills acquired in the classroom directly into the workplace. This allows for cost savings as competent senior managers can eliminate the need for external consultants to be hired. These knowledgeable senior managers can act as ‘homegrown’ consultants who possess an intimate understanding of their employers’ internal culture and dynamics, putting them in a better position to diagnose and resolve company issues.

2. Develop a Global Perspective on Business

The EMBA programme offered by the UWI-ALJGSB prepares senior managers to manage effectively in the international marketplace through strategically designed core courses. The enrollment of senior managers affords companies the opportunity to build global connections and learn about global opportunities that are potentially attractive for their respective businesses. A Global Mindset is also nurtured by the annual International Business Study Trip, which EMBA students can access. This pivotal experience is an essential way for our local students to gain immeasurable exposure to global markets and commerce.

3. Build a Confident and Competent Leadership Team

The ability to leverage the skills and knowledge learnt in the classroom and seamlessly incorporate this into the work environment builds the confidence of those senior managers who are enrolled in the EMBA programme. When individuals become more proficient in their respective jobs they transform into more confident decision makers. This increased confidence and competence allows senior managers to take on broader roles and greater responsibilities which ultimately contributes significantly to the successful operations of the company.

Benefits to Employee

4. Develop Leadership, Communication and Team Building Skills

The authentic teaching and learning approach adopted by the UWI-ALJGSB encourages engagement among students and between students and our astute faculty. This collaborative approach develops the leadership, communication and team-building skills of enrolled senior managers as the programme requires students to participate in group discussions, team projects, lectures, and seminars, all of these skills being easily transferred back into the work environment.

5. Ability to Resolve Company Issues and Identify New Opportunities

The leading-edge practices in management, operations and strategy gained from projects undertaken in the classroom can be directly applied to the company of the student to resolve major issues and challenges of the employer. In-class collaboration among like-minded peers and expert faculty also gives students the ability to explore and dissect ideas bringing with it clarity about new opportunities and innovative solutions. Fresh insights and potential resolutions to actual business challenges can be derived through these organic in-class discussions.

6. Access Networking and Coaching Opportunities

The composition of an EMBA class at the UWI-ALJGSB is one that includes top decision-makers from both the public and private sectors, locally and regionally. Access to this wide business network benefits future business activities and sharpens the global vision of senior managers. Interaction with persons from various companies, industries and regions bring about a fresh perspective into the workplace. Good relationships also influence the ability of new ideas to flourish. Enrolled senior managers have access to business coaches, who comprise of reputable industry experts, this being an added value to all UWI-ALJGSB EMBA students. Each student is assigned a coach, who provides assistance throughout the programme and also gives invaluable guidance to their professional endeavours.

Why choose the Arthur Lok Jack Global School of Business?

Choosing the right Business School at which to pursue an EMBA plays an integral role in the sponsorship arrangement between employer and employee as the EMBA programme must match the desired goals of both student and company. The Executive MBA offered by the Arthur Lok Jack Global School of Business (UWI-ALJGSB) is globally accredited and recognized by the Association of MBAs (AMBA), the global standard for all MBA programmes. Our esteemed faculty incites innovation, motivates changes, encourages disruptive thinking and transforms the lives of all our students as they bring with them years of local and international experience in their respective fields of study.

The Business School sparks transformation in business as it aims to reshape business and society while constantly challenging the status quo. This is evident through the work of our extensive EMBA alumni who consists of top-level business influencers in both the private and public sector companies in Guyana and the Caribbean. The EMBA programme offered at UWI-ALJGSB is also accessible to regional and international students through our Zoom Online platform, which gives students the ability to log into and participate in classes virtually.

Enrollment into the Executive MBA programme at the Arthur Lok Jack Global School of Business will certainly be mutually beneficial to both employee and employer as we aim to transform each EMBA student from a senior executive into a capable, forward-thinking global leader. Investing in high performing senior managers demonstrates a company’s commitment to the professional growth of its employees and endorses the contribution of each employee towards the successful management of the business.

Innovation and the 4th Industrial Revolution

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According to a Forbes article entitled “The 4th Industrial Revolution Is Here – Are You Ready?”, the Fourth Industrial Revolution describes the exponential changes to the way we live, work and relate to one another due to the adoption of cyber-physical systems, the Internet of Things and the Internet of Systems.” The article goes on to state that “The Fourth Industrial Revolution is disrupting almost every industry in every country and creating massive change in a non-linear way at unprecedented speed.”

In keeping with our mission to provide for our stakeholders opportunities for continuous learning, the Arthur Lok Jack Global School of Business will join in on this conversation, on the 4th Industrial Revolution (4IR), as we host a discussion on Tuesday 5th February 2019, at the Lok Jack GSB, Yara Auditorium, on the topic “In the Hot Seat – Innovation and the 4IR: Implications and Opportunities for the Caribbean”. The Featured Speaker will be Mr. Crispin Chatar, Head of Research on Drilling for Schlumberger International, based in Silicon Valley San Francisco. Members of the Lok Jack GSB Faculty, Dr. Richard Ramsawak and Mr. Faheem Mohammed, will also join in for an edifying panel discussion.

As a subject matter expert responsible for developing new digital technologies and solutions for the Schlumberger International, Mr. Chatar will inspire minds through his global business experiences by sharing insights into how companies compete in the realm of the 4th Industrial Revolution.  Also to be discussed are the lessons for companies in the Caribbean, that is, how companies can be innovative and how they can benefit or adjust to the new realities of the 4IR. From a leadership standpoint, Mr. Chartar will share how he finds, retains, motivates and leverages quality talent to continue to compete in what can be considered one of the most dynamic and intensive revolutions yet experienced by businesses internationally.

To secure a seat, please contact Ms. Stephanie Lezama-Rogers at s.lezama-rogers@lokjackgsb.edu.tt or call (868) 645-6700 today!

 

Compliance Seminar 2019

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Participants informed that Trinidad and Tobago would have high levels of crime once crime remains profitable, at the Compliance Seminar 2019

On Thursday 17th January 2019, Attorney’s-at-Law, Compliance Analysts, Mediators, Consultants and Financial Crimes Prevention Personnel converged at the Arthur Lok Jack Global School of Business, Mt. Hope campus to discuss Anti-Money Laundering (AML) and Counter-Financing of Terrorism (CFT) activities in the nation and outline pro-active counter-measures to combat these nefarious activities. The Seminar provoked insightful and interactive discussions around the topics of AML and CFT as participants were edified on their legal obligations with regard to reporting suspicious actions. Participants were also encouraged to assess their stakeholders and implement Enhanced Due Diligence (EDD) procedures when necessary to minimize risks of regulatory non-compliance.

The Compliance Seminar commenced with a special address from Ms. Susan Francois, Director, Financial Intelligence Unit of Trinidad and Tobago (FIU), who highlighted the legal AML and CFT obligations of institutions. Ms. Francois discussed the five (5) pillars of AML / CFT obligations, which were the adoption of a risk-based approach, written policies, procedures and controls, a designate Compliance Officer / Alternate Compliance Officer, a staff-training program and an independent audit of systems and controls. Institutions are required to implement these activities should they fall under the purview of the Central Bank of Trinidad and Tobago, the Trinidad and Tobago Securities Exchange Commission (the TTSEC) or the FIU; the three named Supervisory Authorities mandated to ensure that institutions comply with AML and CFT legislative and regulatory requirements.

Ms. Belinda James, Senior Director, Compliance, Caribbean Banking, RBC Financial (Caribbean) Limited was next on the agenda with a presentation on emerging risks and trends in AML. Some of the emerging risks identified were Trade-based Money Laundering, Virtual Currencies, Human Trafficking, Bribery and Corruption. Mr. Rennie Lakhan, Lecturer at UWI-ALJGSB / Senior Analyst, Ministry of Finance followed and took a deep dive on the topic of CFT through the analysis of case studies. This interactive segment stimulated thought provoking conversations around violent extremism and crime. During this segment Mr. Lakhan stated that Trinidad and Tobago would have high levels of crime once crime remains profitable. He went on to encourage participants to follow ‘clean money’ in addition to ‘dirty money’ to further reduce funding for terrorism and highlighted some indicators of possible terrorism financing which included travels to conflict zones.

The packed agenda continued with Ms. Dawne Spicer, Executive Director, Caribbean Financial Action Task Force, who gave a special address on where Trinidad and Tobago stands in accordance with global and regional standards of AML and CFT best practices. The Seminar concluded with Ms. Cindy Sadaphal, Attorney-at-Law, Co-Founder / Director of ACPTT who elaborated on the Enhanced Due Diligence measures that institutions could implement to prevent Terrorism Financing of financial products. These measures involved conducting a background scan on customers, determining a customer’s source of wealth and clearly identifying the reasons for undertaking a particular business activity.

At the end, participants of the Compliance Seminar 2019 were equipped with actionable counter measures and approaches that can be implemented to combat Money Laundering and Terrorism Financing. The knowledge gained would enable participants to adopt an effective AML / CFT risk management framework and compliance programme into their respective institutions thereby mitigating the risks associated with AML and CFT activities.

Risk Management Arthur Lok Jack Global School of Business

Building a Risk Resilient Organisation

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The importance of compliance and risk management has significantly increased over the past few years because of the numerous scandals and failures from local and foreign companies. There’s a persistent need to build an effective, risk-aware culture at all levels because the risk intelligence of workers is one of the factors that defines and separates success from failure.

Risk Management Arthur Lok Jack Global School of Business

Risk Management Capabilities Critical to Organizational Performance

According to a 2011 report conducted by the Harvard Business Review Analytic Services, entitled Risk Management in a Time of Global Uncertainty, the following risk management capabilities are critical to organizational performance:

  • Linking risk information to strategic decision making
  • Embedding risk management practices and responsibilities within strategy and operations
  • Ensuring that all decisions remain within the organization’s risk tolerance
  • Driving risk mitigation activities
  • Proactively identifying current and emerging risks

Risk Management Arthur Lok Jack Global School of Business

Establishing Effective Enterprise Risk Management Processes

The report conducted by the Harvard Business Review further went on to state that in order to establish effective enterprise risk management processes, the following five (5) lessons must be adhered to:

  • Risk management needs to have a clear “owner” to be effective
  • Corporate goals and risk management must be integrated
  • Manage risk proactively
  • Look deeper and wider to determine what their most serious risks will be in the long run
  • Break down silos and managerial bottlenecks

Risk Management Arthur Lok Jack Global School of Business

Key indicators of success for integrating an effective risk culture are board-level support and the incorporation of a Chief Risk Officer (CRO), charged with the responsibility of risk management. It’s imperative that the CRO works closely with the Chief Executive Officer and line managers for the smooth integration of the risk management processes.

Simply stated, risk management is imperative for success. Subsequent to determining the effectiveness of existing risk and compliance programs, organizations should seek to implement the aforementioned risk management capabilities and adhere to the five lessons mentioned above. Therefore, giving rise to a risk resilient organization capable of mitigating risks, increasing the probability of sustained business growth.

If you want to learn more about compliance, risk and responsibilities at the Arthur Lok Jack Global School of Business click HERE

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