Fall 2012 Check It Out! Volume 39.1 2012 – 2013 YRMA Chapter Officers Marc Massad – Membership Chair Mutual of Omaha Happenings…Our Calendar of Events Tiffany Eitel – Vice Chair American Receivables Corporation 12/5/12 – YRMA Charity Happy Hour for Generation Patrick Reilly – Treasurer Lane Gorman Trubitt, PLLC Heroes – Quarter Bar Eric Seidenberger – Programs Co-Chair Patriot Bank 2/6/13 – YRMA Happy Hour – Times Ten Wine Bar Nick Wells – Programs Co-Chair Whitley Penn, LLP 3/6/13 – YRMA Lunch & Learn: Things We Wish We Knew Sarah Davis – Programs Co-Chair Amegy Bank of Texas When We Were Starting – Roundtable Setting Armando Fletes – Education Chair/Secretary Legacy Bank Andrew Olsan – Communications Chair Jackson Walker L.L.P. Kyle Harger – Membership Chair Amegy Bank of Texas Rachel Uselton – Board Member Comerica Eric Roten – Board Member American National Bank of Texas A Message from Your Young Professional Leader What another great year for the RMA and more importantly the Young Professionals group here in North Texas. With continued support from the local North Texas and State RMA chapters, we are having a successful year with a full calendar. At least one event a month has been scheduled from hosting community and civic leaders for lunches to happy hours and to our upcoming holiday event where we will give back to the community by raising funds to help children fight cancer here in North Texas. The entire board for our group is fully engaged, and total membership continues to grow. Our plans for the new year are to continue to reach out to our "big" RMA members, take a tour of the Dallas Federal Reserve, volunteer with a local charity and of course, continue to network and grow our group. We have since started our LinkedIn page for the North Texas Young RMA group, so check us out. We want to hear from all of you and please get involved. Have a wonderful and safe holiday season and we look forward to 2013 together. Cheers, Marc Massad, Chapter President Career Corner 10 Reasons You Need a Mentor, Especially MidCareer by Newell (Grand Rapids, Michigan) Dima Berdiev Behind every corporate logo is a culture filled with personalities, politics, and procedures. How do you navigate this new landscape, excel at your job, and advance your career? Find a mentor. A report released by the Anita Borg Institute for Women and Technology found that “mentoring has been associated with higher job satisfaction, higher promotion rates, higher future income, increased work success, and higher retention rates.” Dr. Lois Zachary, author of The Mentor’s Guide – Facilitating Effective Learning Relationships, The Mentee’s Guide: Making Mentoring Work for You, and Creating a Mentoring Culture: The Organization’s Guide, asserts that mentoring is a leadership competency. “Mentoring shouldn’t just be the result of a formal program, leaders should always be looking to grow. Learning is the purpose, process, and product of mentoring.” Crucial for Women and Minorities Audrey Murrell, Associate Professor of Business Administration at the University of Pittsburgh and Director of the David Berg Center for Ethics and Leadership, conducts research on the barriers for women and minorities in the corporate sector. Author of Mentoring Dilemmas: Developmental Relationships within Multicultural Organizations, Murrell believes that mentoring is a crucial value-add for women and minorities. She advocates building a portfolio of mentors to meet different needs and grow various aspects of your career. She also supports the idea of formal mentoring programs in organizations. Murrell explains that many times women and minorities are locked out of informal networks. Her data shows that formal mentoring programs equalize access to people, resources, and information, and is an important aspect of an organization’s diversity program. Mentors are especially important for women who work in fields dominated by men. Do mentors for women have to be women? Zachary advises finding the right person that fits your needs, regardless of gender. Michele Ashby began her career as a stockbroker and mining analyst. With the support of a male mentor, she became an expert and one of the first women to speak at gold mining conferences and is now CEO of MINE LLC. Rosemary Bayer began her career in Information Technology in the automotive industry. She found a female executive at a large automotive supplier to be her first mentor. “When I am sitting on a panel, I always talk about finding mentors and role models, and about building your network. My first mentor experience, with Menttium, taught me the completely unexpected value of having connections, friends, and people outside your work space.” Bayer founded the Michigan Council of Women in Technology (and MCWT Foundation) and began ardentCause L3C. Why Mentors are Vital for Senior Leaders Too Many think that mentors are only for women on their way up. Do you need a mentor once you reach a senior level? Absolutely, Zachary says, in her article Help on the Way: Senior Leaders Can Benefit from Working with a Mentor. In an executive position, time is at a premium and most choose to mentor others instead of spending time on their own learning, but Zachary contends that mentoring is vital at all points in your career. 1. Perspective and Experience. A mentor can give you the benefit of his or her perspective and experience. He or she can help you assimilate to a new position and give you an insider’s view on how to get things done. Bayer agrees, “This was the value to me of working with my first real mentor. She knew all about navigating big, traditional companies and how the structure and promotional system works. She helped me build my ‘personal board of directors,’ people who provided support for me, and how to make a ‘dance card’ whenever I was going to a large corporate event of some type (to make sure I had people to try and talk with and know what I was going to talk about). This mentor gave me the help I needed to advance my career significantly, starting that year.” To read this article in its entirety, please visit: http://www.theglasshammer.com/news/2009/12/22/10reasons-to-have-a-mentor-especially-mid-career/ Top 5 Reasons to Invest in Your Future by Joining RMA 1. Increase your exposure to the banking industry. 2. Use RMA’s resources to become a resource! 3. Expand your network of professional contacts outside of your own institution. 4. Create your own professional edge via RMA information, training, and updates. 5. Get involved and increase your own skill set: leadership, teamwork, presentation, and delegation skills. Joining RMA is an investment in yourself and your future. Make that investment! www.rmahq.org. Career Reads Dot Mentoring Handbook An online resource. "Mentoring is an open vista of new experiences and possibilities." This online handbook will guide you through the mentoring process– what it means to be a mentor, the roles and responsibilities of each party, and the different styles that you can adopt to meet the unique demands of a mentoring relationship. The mentor-mentee relationship is charted from beginning to end by tips on how to identify a mentee, cultivate the relationship, and avoid obstacles that can detour a mentor-mentee relationship. Finally, this handbook outlines the positive effects of a mentoring relationship–effects that are shared by the mentor, the mentee, and the organization.