Intellectual Property ("IP") and Proprietary Methodologies
IP
Early on in her career Ms. Giuffre became interested in metric-based initiatives; in
particular, developing models and methodologies for optimizing an
organization's financial performance, capital utilization, creating
shareholder value and creating competitive advantages. A paper that contained some of her early models, “Measuring Business Performance and Intellectual Capital: A Case Study of Evolving Practice and Theory" was published in 2001 by McMaster World Congress - Management of Intellectual Capital. Ms. Giuffre's models published by McMaster World Congress were evolved and also are the premise of the GRS affiliates' business model.
Key elements of her risk and performance-based methodologies have been adopted by leading organizations worldwide. Her models were also cited by the World Bank in the “World Bank Working Paper No. 26, Electronic Safety and Soundness, Securing Finance in a New Age”. She
has also been invited to share her models at various conferences and
universities, including MIT’s Sloan School of Management.
For
the last nine years, Ms. Giuffre focused her efforts on developing risk
solutions that can be viewed by independent stakeholders (e.g.
rating agencies, regulators, investors) as capital equivalent and
providing explicit financial benefit (e.g. reduced reserve or capital
requirements, reduced interest rate of debt, improved credit ratings,
among others). For her pioneering work, along with Robert Merton, Ms
Giuffre was featured by Treasury & Risk Management in the April 2006
article "Saying Goodbye to Risk, Really? A broad vision of derivatives might help companies shed unusual risks."
Ms. Giuffre was previously a Managing Director of Marsh Inc., and the Global Operational Risk Practice Leader for Marsh’s financial products division. Ms. Giuffre has nearly eight years experience in Basel II and more than twenty years of experience in financial services (including operational risk transfer). She has advised regulators, the world's leading banks and insurance companies, as well as energy companies and manufacturing firms on a wide range of enterprise risk and operational risk measurement and management issues including:
· the usability of data and various taxonomies,
· risk and loss event data modeling,
· the structuring and transfer of non-core risks, and
· the development of new types of risk transfer solutions that provide explicit financial benefit.
Her significant practical experience in
this field comes from her early career in the capital markets, assessing and
underwriting insurance risks, managing insurance related operations, and
implementing global knowledge management projects for a leading financial
institution with global operations. She
has advised the largest investment banks and investment managers on a wide
range of risk and structuring issues, including supporting a top global investment
bank in the preparation of a structural note relating to the securitization of
operational risk related reinsurance.
Her noteworthy experience working with insurance and financial product
provided Ms. Giuffre with unique insight into applying her knowledge to
operational / enterprise risks, developing opportunities in the convergence of
insurance and capital markets, as well as creating new risk transfer solutions.
Ms. Giuffre’s seminal work has led to multiple patent applications.
While the source code and physical manifestations of the IP are held within the GRS Group, the raw IP was financed and is held independently outside of the GRP Group. Each affiliate has the right to use the IP and in exchange pays a fee.
[1] One of her models was used to create a new tool featured in the article “The data puddle challenge. The loss event taxonomies currently in use are inadequate.” featured in the August 2007 edition of Oprisk & Compliance.
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