EMERGING ISSUES TRACK: Business Controls - Effective Lines of Defense
Join industry experts for an in-depth panel discussion on the evolving regulatory landscape, including an analysis of key risk categories—financial, stakeholder/customer, regulatory, reputational, and operational—and examination of the concepts of inherent and residual risk within the Three Lines of Defense model. Attendees gain insights into implementing effective business controls, with a focus on Risk and Control Self-Assessment (RCSA) and issue management. The discussion also explores oversight frameworks such as Fannie Mae’s use of CORE (Counterparty Operational Risk Evaluation) and Freddie Mac’s MORA (Mortgage Operational Risk Assessment). Sponsored by Cooley.
Speakers
Moderator
Tara Pettersen is the Chief Risk & Compliance Officer at CMG Financial, a lender based in San Ramon, CA. With 30 years of industry experience, Tara ensures regulatory compliance and oversees risk management, fraud prevention, audits, vendor oversight, and quality control. Before CMG, she held key roles at ImpacMortgage, Hyperion Capital Group, and Pacific Northwest Mortgage. After joining CMG Financial as VP of Risk Management, she restructured and expanded the Compliance department, creating a Risk Management division. Her leadership earned her promotions to SVP and later Chief Risk & Compliance Officer. Tara mentors colleagues with kindness, helping them grow professionally and personally. Outside of work, Tara enjoys reading, yoga, hiking, camping, and photographing nature.
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