Podcasts about Chief risk officer

Stop fraud in its tracks with cutting-edge AI solutions! In this episode of our Risk Management Show, we dive into financial security with Shai Gabay, CEO of TrustMe, a leader in eliminating social-engineered fraud. Shai shares his incredible journey from a young hacker to a military cyber expert and eventually the founder of a groundbreaking cybersecurity company. We discuss his research on the "1 million blind spot," the alarming rise in enterprise fraud, and how finance and security teams must unite to combat this growing threat. Discover why over 83% of enterprises faced fraud attempts last year, and why nearly half suffered losses exceeding $500,000. Shai reveals the structural gaps in B2B payment processes, the role of email vulnerabilities, and how cybercriminals exploit collaboration failures. He also highlights how AI can serve as your co-pilot in detecting anomalies before money leaves your organization. If you're a risk professional, Chief Risk Officer, or simply curious about cybersecurity's role in financial systems, this episode is packed with actionable insights. Don't miss Shai's expert advice on leveraging AI to fight AI, transforming fraud prevention strategies, and building a unified approach to risk management. If you want to be our guest or suggest a guest, send your email to info@globalriskconsult.com with the subject line "Guest Proposal."

Hello, and welcome to Cash Flow Conversations, a new podcast miniseries sponsored by Nova Credit. If you've followed my work, you'll know that I'm obsessed with cash flow data (and underwriting more specifically). That's because it has enormous potential to positively reshape consumer lending in the U.S. As banks, credit unions, and fintechs move from theory to practice, this series will chronicle how cash flow data is being put to work across the lending lifecycle. Episode 1 sets the tone for the series, featuring a live panel I moderated at Nova Credit's Cash Flow Underwriting Summit earlier this month. Joining me are: Chris McCall, Head of Consumer Credit and Pricing at Citizens Bank Bill Garber, SVP, Credit Policy and Analytics at Navy Federal Credit Union Munish Pahwa, EVP and Chief Risk Officer at Sallie Mae We dig into how cash flow data stacks up against traditional credit data, what it means for lenders' models, how it changes the borrower experience, the guardrails around it — and why getting a clearer view of consumers' financial lives is vital in today's uncertain environment. Hope you enjoy the conversation as much as I enjoyed facilitating it! Subscribe now to catch the rest of Cash Flow Conversations as it comes. This miniseries is brought to you by Nova Credit. Nova Credit is a credit infrastructure and analytics company that enables businesses to grow responsibly by harnessing alternative credit data.  The company is a CRA that leverages its unique data infrastructure, compliance framework, and credit expertise to help lenders fill in the gaps that exist in traditional credit analytics.  Deploy cash flow underwriting confidently with Nova Credit's proven platform. Check them out at www.novacredit.com. Sign up for Alex's Fintech Takes newsletter for the latest insightful analysis on fintech trends, along with a heaping pile of pop culture references and copious footnotes. Every Monday and Thursday: https://workweek.com/brand/fintech-takes/ And for more exclusive insider content, don't forget to check out my YouTube page. Follow Alex:  YouTube: https://www.youtube.com/channel/UCJgfH47QEwbQmkQlz1V9rQA/videos LinkedIn: https://www.linkedin.com/in/alexhjohnson Twitter: https://www.twitter.com/AlexH_Johnson Follow Chris: https://www.linkedin.com/in/chris-mccall-732b6b Follow Bill: https://www.linkedin.com/in/bill-garber-611234191/ Follow Munish: https://www.linkedin.com/in/munish-pahwa-ph-d-2a563210/ Learn more about Nova Credit here.

Welcome to RIMScast. Your host is Justin Smulison, Business Content Manager at RIMS, the Risk and Insurance Management Society.   Justin divides this episode into three segments. He first interviews Eddie Tettevi, Sandbox Mutual Insurance CRO and RIMS Canada Council Chair — DEI and Comms, about his risk career and his service on the RIMS Canada Council. In the second segment, Justin interviews Janiece Savien-Brown, Metro Vancouver, and Shaun Sinclair, BCIT, about the C2C Challenge and the winning student team. The third segment is a recording of "Intentional Mentorship," an improvised session from the DEI Studio, featuring Dionne Bowers, Co-Founder & Chair of the Canadian Association of Black Insurance Professionals (CABIP), Ray Chaaya, Head of talent for Zurich Canada, and Natalia Szubbocsev, Executive Vice President at Appraisals International Inc.   Listen to learn about some exciting events of the RIMS Canada Conference 2025.   Key Takeaways: [:01] About RIMS and RIMScast. [:17] About this episode of RIMScast. This episode was recorded live on September 15th, 16th, and 17th at the RIMS Canada Conference 2025, at the Telus Convention Center in Calgary. We had a blast! We will relive the glory of the RIMS Canada Conference in just a moment, but first: [:50] RIMS Virtual Workshops! RIMS has launched a new course, “Intro to ERM for Senior Leaders.” It will be held again on November 4th and 5th and will be led by Elise Farnham. [1:07] On November 11th and 12th, my good friend Chris Hansen will lead “Fundamentals of Insurance”. It features everything you've always wanted to know about insurance but were afraid to ask. Fear not; ask Chris Hansen! RIMS members enjoy deep discounts on virtual workshops! [1:26] The full schedule of virtual workshops can be found on the RIMS.org/education and RIMS.org/education/online-learning pages. A link is also in this episode's notes. [1:37] Several RIMS Webinars are being hosted this Fall. On October 9th, Global Risk Consultants returns to deliver “Natural Hazards: A Data-Driven Guide to Improving Resilience and Risk Financing Outcomes”. [1:50] On October 16th, Zurich returns to deliver “Jury Dynamics: How Juries Shape Today's Legal Landscape”. On October 30th, Swiss Re will present “Parametric Insurance: Providing Financial Certainty in Uncertain Times”. [2:07] On November 6th, Hub will present “Geopolitical Whiplash — Building Resilient Global Risk Programs in an Unstable World”. Register at RIMS.org/Webinars. [2:20] On with the show! It was such a pleasure to attend the RIMS Canada Conference 2025 in Calgary. There's always electricity in the air at RIMS Canada, and I wanted to capture some of it!  [2:33] We've got two interviews, and then an improvised session I recorded at the DE&I Studio. The sound came out great, and I used it here with the panelists' permission. [2:49] We've got excellent education and insight for you today on RIMScast! My first guest is Eddie Tettevi. He is the Chief Risk Officer at Sandbox Mutual. He's a very active member of the Saskatchewan RIMS Chapter and a member of the RIMS Canada Council. [3:11] We're going to talk about his risk management career, his RIMS involvement, and how his insights from one of his RIMS DE&I sessions led to this discussion. [3:24] First Interview! Eddie Tettevi, welcome to RIMScast! [3:38] Eddie is the Chief Risk and Compliance Officer at Sandbox Mutual Insurance. He's also the Corporate Secretary, which means he helps the organization navigate strategic initiatives within the boundaries of risk appetite and regulatory compliance. [4:12] Eddie has been at Sandbox for approximately two years. When he joined the company, Sandbox was going through a period of rapid growth and taking the right risks. That was something Eddie looked forward to being involved in. [4:54] The CRO role was not an independent role at Sandbox before Eddie started. It was held by the Chief Financial Officer. The CCO role was held by HR. The Corporate Secretary role was held by the CEO. Eddie fills the three roles in his new position. His background fits all three roles. [6:06] Eddie normally leads a risk group of three. Eddie was previously in cyber for 13 or 14 years. His background is in electrical engineering and computer science. He helped organizations secure their software and network. [7:02] Eddie doesn't think risk management is any different. He's helping organizations make the right decisions. The difference is that the portfolio is much larger. Cybersecurity is one aspect of Eddie's risk management work. [7:33] Eddie says cyber attacks are growing. Individuals who may not be skilled are using AI tools to perpetrate cyber attacks. The attacks are increasing exponentially in skill and sophistication. [8:09] Eddie co-hosted a session in the DE&I Studio with Aaron Lukoni and Tara Lessard-Webb, focused on understanding how mental health plays a part in risk management and how organizations should think about mental health as part of a risk management framework. [8:31] The session was “Building Resilient Workplaces, the Role of Mental Health in Risk Management.” In it, Eddie revealed he is skilled in multiple languages, but an expert in none, including English. He grew up with influences from English, French, Malay, and Creole Patois. [9:38] Eddie loves learning about new cultures. That has influenced his accent. In every language he speaks, he has an accent, which makes it interesting. He has worked in French and English organizations. He learns languages in six months. He picks them up quickly. [10:50] Eddie, Aaron, and Tara emphasized making sure we are thinking about and embedding mental health in our risk framework. [11:02] When designing any strategies and initiatives, risk professionals should consider what's happening in the organization. An organization going through a lot of change is already a stressed organization. You have to consider that as you introduce more change. [11:40] Eddie says the award-winning Saskatchewan RIMS Chapter is exciting. It's great to work with people who are interested, dedicated, and committed. He says the chapter is doing some incredible things, such as introducing risk courses into the universities in the province.  [12:15] Eddie was a RIMS member before joining Sandbox. You can be a RIMS member without joining a chapter. Moving to Saskatoon created the opportunity for Eddie to join the Saskatchewan RIMS Chapter, which he had been looking forward to, to connect with people. [12:36] Justin gives shoutouts to various Saskatchewan Chapter members. [13:03] Eddie serves on the RIMS Canada Council as Chair of the Communications, External Affairs, and DEI Committee. [13:22] The committee is responsible for making sure that all RIMS communications have a DEI lens and advocate for the risk community, partnering with other advocacy groups around Canada. [13:52] Justin says it's been such a pleasure to meet you and hang out with you! I look forward to seeing you at more RIMS Canada and RIMS events. [14:02] Our next guests organized the 2025 C2C Coast to Coast Challenge. This is a competition for risk management students based in Canada. We'll learn about the case studies and what it took to produce their presentations, and also have a chance to acknowledge the winners. [14:19] We will hear from Shaun Sinclair, the Program Head of General Insurance and the Risk Management Program at British Columbia Institute of Technology, and Janiece Savien-Brown, the Manager for Risk and Claims Management at Metro Vancouver. [14:35] We're going to learn about their various roles, as well. Let's get to it! [14:39] Second Interview! Shaun Sinclair and Janiece Savien-Brown, welcome to RIMScast!  [14:47] Janiece Savien-Brown is the Manager of Risk and Claims Services with Metro Vancouver by day. She has been involved with BCRIMA for 17 or 18 years. BCRIMA started the Coast 2 Coast Legacy Challenge three years ago. Last year was its first year in Vancouver. [15:07] Shaun Sinclair is the Program Head of the General Insurance and Risk Management Program at BCIT, an institute of technology in Vancouver and Burnaby, B.C. [15:17] They teach students insurance and risk management courses. Students graduate with a CRM and a Chartered Insurance Professional designation. [15:26] Shaun is also the President of BCRIMA this year. He has been a BCRIMA member for a long time. This C2C Legacy Challenge was awesome for Shaun because two teams from BCIT got into the finals. Shaun had to recuse himself.  [15:51] Janiece says the RIMS Canada Conference 2025 was fantastic! Shaun was there with seven students, and it was awesome to see what they were learning. The students told Shaun they loved everything about it. [16:45] The two finalist teams were The Deductibles and Insure and Conquer. This year's submissions were highly creative and impactful. [17:10] Shaun has been involved in Risk Management Challenges for years and has been to the nationals several times with groups. Shaun stays pretty hands-off. The students get the challenge, and Shaun discusses it with them. He figures out what they need from him to do it. [17:42] In this case, a root cause analysis wasn't needed. They learned how to do a Failure Mode and Effects Analysis (FMEA), a heat map, and gather general knowledge. Then he let them go. They came up with the 10-page report. He didn't watch their presentation until they went live. [18:14] Their champion for the challenge was Ken Letander. The challenge was a procurement question. If your organization's ownership is 51% Indigenous, and you keep your staff 33% Indigenous, money comes your way for contracts. [18:48] When the contract is over and it's time to get the money, but the organization refuses to give that information, how do you make sure they have the 33% Indigenous staff and 51% Indigenous ownership? Do you need pictures, or can you use Elders to say it's enough? [19:12] The students had to read a lot about risk and the rules and regulations regarding this question. They had to read the Canadian government's language on what the rules are. It was an interesting case. [19:38] Janiece didn't envy them at all. The students came up with some solutions for Ken Letander, and he was thrilled with what came from all of the reports. [20:33] Janiece says the presentations were phenomenal from both teams, as well as the written submissions. The collaboration came through and showed they owned the essence of the project. You could see the desire of the top team to make it work. [21:12] Shaun says the cases used in C2C are pretty much real cases. Janiece says last year's case competition had to come up with an equitable access tool to use in the system. After Janiece had surgery, she was given a survey, and she recognized it from the case study. [22:26] Justin says it's great that the students collaborate. You need teamwork. [22:54] Shaun says you hear a lot about isolation. He says BCIT is sometimes called “Being Crammed Into Teams.” Shaun and the other teachers assign projects where students are forced to work with at least three or four people. [23:13] After two years of group projects, collaboration is relatively easy. Shaun also makes the students hand-write their exams. They learn how to think through a problem and put it down on paper. Afterward, they go outside and talk about what they did. [24:52] Shaun's advice to academics and students entering a C2C challenge is to follow the rules. If they say 8-point font, 10-page maximum, don't send 14 pages. The instructor should help students understand the material and then step back. Let the students do it. It's on them. [25:42] Janiece says it is key to engage at the conference. While the Challenge is the key feature, the experience at the RIMS Canada Conference is a large part of it. Be present. Don't be on your phones the whole time. Attend sessions. Come to the events, have fun, and network. [26:07] Janiece was at an event, and five people came up to her and asked if she had brought the BCIT students (Shaun had). [26:22] People were absolutely amazed at how engaging the students were, willing to put themselves out there, and setting meetings with people in BC for opportunities when they come back. That's part of the experience. [26:40] Shaun points out that a couple of the students are quite shy and have come out of their shells because they've had to talk to people. The more you do it, the better you get at it. [27:01] Janiece reports that at one of the events, the students who were in Vancouver from Calgary came out and met with her students. RIMS, RIMS Canada, and the local chapter promote engagement. [27:31] The 2025 C2C Challenge Calgary winner is The Deductibles, 1.95 points ahead of Insure and Conquer. Insure and Conquer did an awesome job as well. [28:11] The Deductibles team is: Rabia Thind, Triston Nelson, and Ryan Qiu. [28:32] Parting advice for risk students as they step into their careers: Shaun says, if you're going to be an accountant or finance student, think about insurance risk management. Amazing career opportunities in fields that cover everything are all within your grasp. Put it on your radar. [29:26] Janiece says she is living proof of that. She was going to be an accountant. After a car accident, she switched to insurance and risk. It's a lifestyle. She has gained many friends, colleagues, and mentors. She started as an adjustor and after 31 years, she's still in the industry. [29:54] Shaun says you can swap jobs from broker to underwriter, to claims, to risk manager, to education, and not start again at the bottom. It's an amazing career. [30:26] Justin says Thank you so much, it's been such a pleasure to reconnect with you here at the Telus Convention Center in Calgary, for RIMS Canada Conference 2025. Shaun and Janiece are already thinking about the C2C Challenge in 2026. We'll see you there! [30:51] As I said at the top, we're going to close things out with an improvised session called “Intentional Mentorship,” which was produced at the DE&I Studio. [31:19] Improvised Session, “Intentional Mentorship,” at the DE&I Studio! With the insights of Dionne Bowers, the Cofounder and Chair of CABIP, Ray Chaaya, the Head of Talent at Zurich Canada, and Natalia Szubbocsev of Appraisals, International. Please enjoy! [31:40] Natalia Szubbocsev introduces the panel. Natalia is the Executive Vice President at Appraisals, International, an insurance appraisal company, global but small, with a diverse, inclusive team. Natalia has been a mentee and a mentor and is glad to contribute her insights. [32:38] Dionne Bowers is the Co-founder and Chair of the Canadian Association of Black Insurance Professionals, a nonprofit organization, and has recently joined Markel Canada as one of their business development Colleagues. [32:57] Ray Chaaya is head of talent for Zurich Canada. Ray oversees talent acquisition, talent development, and talent management, as well as the culture portfolio for the company, DEIB, and community impact. [33:15] Natalia asks What does mentorship, particularly inclusive or intentional mentorship, mean for you? Dionne says that it is a strong commitment by both the mentor and the mentee to work together for growth opportunities. [33:38] Intentional mentorship is the dedication that each party has to bring to the table, and fulfilling any sort of mandates that have been asked by both. Depending on the program, it's making sure that everyone is on the same page in terms of what they want from each other. [34:04] Ray agrees with Dionne. There has to be a mutual benefit. Ray has been a mentee and a mentor, and finds that the most valuable mentorship relationships are where the mentor and the mentee walk away feeling like they're learning something every day, having a conversation. [34:30] Ray says it's a two-way street and a relationship that can often last for years, because it is a relationship where the value is long-term. Ray talks to young people, and they ask, You're my mentor, what do I do? It doesn't work that way. It's a long-term investment. [34:56] Natalia says that traditional mentorship, besides being one of the best ways of professional development, is also to transfer knowledge from someone who has the experience to someone junior in his or her role. What other purpose does mentorship serve? [35:19] Dionne says it's also recognizing that it's an opportunity for learning from one another. A mentor is a seasoned insurance professional who is working with someone who is a new entrant to the industry. [35:37] It's recognizing that a mentor and a mentee are learning from each other. Strength in development is making sure that you are taking away something from each other, each time you meet, connecting and learning trends and thoughts, and diversity of thought. [36:10] Dionne asks, How can we do things differently? She has learned a lot from young people. Dionne thought she was cool, but apparently, she's not. And she's just taking away a lot of that into her own world, professionally and personally. [36:23] Natalia says her experiences are not just intergenerational, but in Canada and beyond, intercultural. She says what needs to be respected and adapted to, both by the mentor and the mentee, is that you're coming from different backgrounds. [36:45] In a global setting, that will affect communication, that will affect the thought processes, that will affect everything; the way we do things. Because Natalia leads a global team, she has to be adaptable, sensible, and respectful of the cultural nuances. [37:07] At the same time, she asks her mentees or team to do the same for her, because she comes from a very specific background. She has an Eastern European background. It doesn't matter that she's lived in Canada for 25 years. [37:25] Her background defines the way she communicates, thinks, and handles things. Every culture communicates differently. That's an overall mutual understanding, knowing that we all come from different backgrounds. [37:47] Dionne says there has to be a willingness to learn. There's no point in having a mentor-mentee relationship where it's just going to be closed off, and this is what we're going to talk about. There has to be a willingness to learn. [38:07] Ray says there's a learning agility piece. You have to be flexible in how the relationship is going to go. Every mentorship relationship is different, too. There are no steps on how to be a good mentor or a good mentee. [38:25] It's the chemistry between the two, the value that you bring to each other, and the conversations. The maturity of a mentorship can also go into sponsorship. [38:37] When Ray has a conversation with somebody, and they get to know each other, and feel what they want to get out of this, he can be a voice for that person. It goes back to the conversation of lifting others when you can. [38:54] When Ray thinks back to his mentors who stick out in his mind. He has a lot of respect for them. They are the people who spoke about him when he was not in the room, and had his back in that room when he was not there. [39:15] Those are the people, as Ray matures in his career, he doesn't know that he would be here today if it weren't for those mentors. And that is what he hopes he can bring to somebody else as a mentor. [39:29] Natalia says, in a global setting where she works, boosting confidence is very important. In a multicultural global setting, it's important to encourage someone in a different country, who communicates differently, that it doesn't matter, they can do it. [39:50] We are working on a common goal. That's part of the sponsorship/mentorship/training. [40:08] Ray says you have to be honest as a mentor. The toughest times for Ray were when he realized he was trying to make this work for a person, but to be honest with himself, as a mentor, he should be encouraging this person to look somewhere else, at what their passions are. [40:33] He went into it thinking he wanted this person to be the best they could be at this job. And he realized that's not his job as a mentor. [40:43] His job is to understand what they want out of their career, where they bring value, where their passion is, and guide them to make sure that they ultimately are happy with their career, and they're bringing value to society, and they're contributing to the community. [41:06] One specific person Ray was mentoring, he was desperate to fit them into the insurance industry, because that's how he was programmed. He was thinking, Why is this not working? And he realized it's not working because they don't want to do this. [41:25] And as a mentor, Ray's job now is to say, What do you want to do, and let's help you get there. And when he made that mind shift, it just clicked. That was a little bit of a learning opportunity. Now he's a better mentor for learning that. [41:42] Dionne agrees with that. She had one mentor who told her, If you plan to give back as a mentor, don't have any expectations, or you're setting yourself up for failure. [42:05] A lot of mentors have a similar approach, because we don't know. We want it so badly. We want to be able to say, I did that. I helped them get to wherever. If you have a mentee who is not in the mindset, and you're not sure that this is for them, have that conversation. [42:38] It's important to recognize that you're going to impact their lives differently. Even though you have that mentor-mentee relationship, you may be asking them to reconsider dipping their foot into the industry. [42:55] Natalia says not making assumptions about the other person and having that curiosity, openness, and mutual communication is very important. [43:05] How do you build in mentorship or inclusive or intentional mentorship into your organization? Ray says mentorship programs should be part of any industry, any corporation, or any organization. If you expect people to learn and grow, they need mentors. [43:30] Ray says Zurich has baked in mentorship programs into a lot of its development programs. Your development means you get a mentor, and you learn from that mentor. They bake it into the development strategy that's already there, and don't make it an off-site thing. [43:57] It shouldn't be another thing; it should just be part of your growth and development. And so, whenever they can bake it in, that's what Zurich does. [44:04] Zurich also has amazing employee resource groups that champion a lot of its programs, and the Zurich African and Caribbean Alliance, ZACA, which has worked with KBIP, is a massive champion of its mentorship program. [44:19] Just two or three months ago, Zurich held a mentorship day and increased the mentors on its mentorship platform by 48%. It was just another thing that was out there that nobody was talking about, and another thing people had to sign up for. [44:39] Zurich's employee resource group put a spotlight on it, and they showed the value, and they made it part of the ERG's culture to participate in mentorship. Then all of those ERG participants signed up to be mentors, and now are actively mentoring. [45:00] You really need to look at it from a strategy perspective. It can't just be an extracurricular activity that you add on. [45:08] Dionne agrees. KBIP works with organizations like Zurich, and with the ZACA program and the team, but also does the work for organizations that are not there yet or not willing to put the extra effort in to embed it into the DNA of the organization. [45:33] Part of KBIP's mandate is to create a mentorship program specific to Black insurance professionals. It doesn't matter where you're from, international or domestic student, or anyone who wants to be part of the organization and get extra support to build on their career trajectory. [46:02] What do mentors get out of mentorship? Dionne says as a mentor, she gets satisfaction from seeing someone excel, not necessarily from start to finish. You could be at the tail end of their journey, you could be at the beginning, or you could be in the middle. [46:36] If there is a desired outcome for both parties, and there's success, when someone calls you or texts you and says, You know what, I got that job, or I was recognized for doing XYZ, that is satisfaction. That is success. [47:00] Ray says his passion is helping people grow and develop. He started his HR career in learning and development, because he used to be intrinsically rewarded when he saw somebody learn something he taught them, or he trained them on. That felt like a superpower. [47:21] When Ray can do that with the programs Zurich runs, and he interviews people and watches their growth, and they are so grateful; to Ray, that is worth it all. You don't even have to pay him for that. He will volunteer and do that his entire life because of what he gets out of it. [47:47] Natalia agrees. There are obvious advantages from an organizational point of view, but from an individual point of view, Natalia feels that she has arrived at a point where there's no ego anymore. She wants to transfer her knowledge to someone. [48:04] Natalia wants to tell someone that they can do it. Because she did it, they can do it as well. And that's a very important aspect of mentorship. [48:15] How do you make mentorship intentional and inclusive? Ray says it means they have to see the value. It has to be part of the business strategy. Anything that is not intentional, people think, Why do I have to do this, on top of everything else that I need to do? [48:36] The second we are making it intentional, it has to make sense. This is why I'm doing this, because it's going to benefit me, it's going to benefit the company, and it's going to benefit the people I'm impacting. [48:47] They have to see the strategic business value, and with mentorship, it's easy. Because there's massive value for the organization, there is a massive competitive edge if you're doing it properly, and there is massive learning and development for your workforce. [49:05] You just need to sit down with professionals like KBIP, with people who have thought through it, and understand how to help you bake it into the strategy. Just do the work. Anything intentional has to make sense. If it does not make sense, it can't really be that intentional. [49:28] Dionne says that in every organization, when you are constructing your missions and your value statements, it's sitting down as an executive team, and asking, How can we execute on this? What does that mean? Mentorship is something that bleeds into your brand. [49:57] The brand recognition from a competitive edge standpoint is huge. Dionne says she can walk into a school for outreach programs and say, Zurich is a market of choice. You would want to work with Zurich because of this, this, and this. [50:14] If you can tell them that they're going to be supported along the way with their career, that's added value. That is something that will definitely differentiate Zurich in the marketplace. [50:26] Dionne adds that being intentional is huge because when you are not, people can see right through that. That is where you create toxic cultures. [50:39] It's not in a company's best interest to ignore the opportunities that stem from mentorship programs. [50:47] Natalia says she's not an HR professional, but she imagines that mentorship has a great role in not just attracting the right talent, but in retention as well. [50:58] Ray affirms, 100%. It's part of your growth and development. Sure, you can use it as a competitive edge to attract people, but if you're not doing it right, then they're not going to develop and grow, and that competitive edge is really just smoke and mirrors. It's not real. [51:15] So, if you're going to do it right, you have to develop people and grow people through your mentorship programs, and you have to show the results for it. [51:26] Dionne adds, That speaks to the inclusivity part of diversity, equity, and inclusion. If you can build a strategy that equates to inclusion, it equates to retention. It's not rocket science.  [51:49] Ray says Zurich is really good at that. [51:52] Final thoughts on intentional mentorship. Dionne says, “Just do it. I'm a Nike gal. Just do it.” [51:59] Ray says, “I wouldn't be where I am in my career if it weren't for my mentors and my sponsors. And so, if you see potential, mentor the heck out of that potential, because they will thrive.” [52:15] Dionne says, “And acknowledge it. I think that's a big part of that strategy.” [52:21] Natalia thanks Ray, Dionne, and the RIMS DE&I Studio for picking up this topic, a very important topic, and she hopes you enjoyed the session. [52:38] Justin says special thanks again to all of our guests here at the RIMS Canada Conference 2025. Be sure to mark your calendars for October 18th through the 21st, 2026, for RIMS Canada, which will be held in Quebec City. [52:55] Shout out to the RIMS Canada Council for producing another fantastic conference and to the RIMS Events Team and all my RIMS colleagues who worked tirelessly to make the last three days so smooth. It's such a pleasure to work with you all. I look forward to seeing you next year. [53:14] Plug Time! You can sponsor a RIMScast episode for this, our weekly show, or a dedicated episode. Links to sponsored episodes are in the show notes. [53:43] RIMScast has a global audience of risk and insurance professionals, legal professionals, students, business leaders, C-Suite executives, and more. Let's collaborate and help you reach them! Contact pd@rims.org for more information. [54:02] Become a RIMS member and get access to the tools, thought leadership, and network you need to succeed. Visit RIMS.org/membership or email membershipdept@RIMS.org for more information. [54:19] Risk Knowledge is the RIMS searchable content library that provides relevant information for today's risk professionals. Materials include RIMS executive reports, survey findings, contributed articles, industry research, benchmarking data, and more. [54:35] For the best reporting on the profession of risk management, read Risk Management Magazine at RMMagazine.com. It is written and published by the best minds in risk management. [54:50] Justin Smulison is the Business Content Manager at RIMS. Please remember to subscribe to RIMScast on your favorite podcasting app. You can email us at Content@RIMS.org. [55:02] Practice good risk management, stay safe, and thank you again for your continuous support!   Links: From RIMS Canada: “RIMS Ontario Chapter Honours Bombardier's Daniel Desjardins with the 2025 Donald M. Stuart Award” RIMS ERM Conference 2025 — Nov. 17‒18 Spencer Internship Program — Registration Open Through Oct. 15. RIMS Western Regional — Oct 1‒3 | Bay Area, California | Registration open! RISKWORLD 2026 — Members-only early registration through Sept 30! RIMS-Certified Risk Management Professional (RIMS-CRMP) The Strategic and Enterprise Risk Center RIMS-CRO Certificate in Advanced Enterprise Risk Management — Featuring Instructor James Lam! Next bi-weekly course begins Oct 9. RIMS Diversity Equity Inclusion Council RISK PAC | RIMS Advocacy | RIMS Legislative Summit SAVE THE DATE — March 18‒19, 2026 RIMS Risk Management magazine | Contribute RIMS Now RIMSCanadaConference.ca RIMS Webinars: RIMS.org/Webinars “Natural Hazards: A Data-Driven Guide to Improving Resilience and Risk Financing Outcomes” | Oct. 9 | Sponsored by Global Risk Consultants “Jury Dynamics: How Juries Shape Today's Legal Landscape” | Oct. 16, 2025 | Sponsored by Zurich “Parametric Insurance: Providing Financial Certainty in Uncertain Times” | Oct. 30, 2025 | Sponsored by Swiss Re “Geopolitical Whiplash — Building Resilient Global Risk Programs in an Unstable World” | Nov. 6 | Sponsored by Hub   Upcoming RIMS-CRMP Prep Virtual Workshops: RIMS-CRMP-FED Exam Prep Virtual Workshop — November 11‒12 Full RIMS-CRMP Prep Course Schedule Risk Appetite Management | Oct 22‒23 | Instructor: Ken Baker “Intro to ERM for Senior Leaders” | Nov. 4‒5 | Instructor: Elise Farnham “Fundamentals of Insurance” | Nov. 11‒12 | Instructor: Chris Hansen “Leveraging Data and Analytics for Continuous Risk Management (Part I)” | Dec 4. See the full calendar of RIMS Virtual Workshops RIMS-CRMP Prep Workshops   Related RIMScast Episodes with 2025 RIMS Canada keynotes: “Distilling Risk and Resilience with Manjit K. Minhas” “On Resilience with Amanda Lindhout” “Thoughts and IDEAs on Inclusivity with Michael Bach”   Sponsored RIMScast Episodes: “The New Reality of Risk Engineering: From Code Compliance to Resilience” | Sponsored by AXA XL (New!) “Change Management: AI's Role in Loss Control and Property Insurance” | Sponsored by Global Risk Consultants, a TÜV SÜD Company “Demystifying Multinational Fronting Insurance Programs” | Sponsored by Zurich “Understanding Third-Party Litigation Funding” | Sponsored by Zurich “What Risk Managers Can Learn From School Shootings” | Sponsored by Merrill Herzog “Simplifying the Challenges of OSHA Recordkeeping” | Sponsored by Medcor “Risk Management in a Changing World: A Deep Dive into AXA's 2024 Future Risks Report” | Sponsored by AXA XL “How Insurance Builds Resilience Against An Active Assailant Attack” | Sponsored by Merrill Herzog “Third-Party and Cyber Risk Management Tips” | Sponsored by Alliant “RMIS Innovation with Archer” | Sponsored by Archer “Navigating Commercial Property Risks with Captives” | Sponsored by Zurich “Breaking Down Silos: AXA XL's New Approach to Casualty Insurance” | Sponsored by AXA XL “Weathering Today's Property Claims Management Challenges” | Sponsored by AXA XL “Storm Prep 2024: The Growing Impact of Convective Storms and Hail” | Sponsored by Global Risk Consultants, a TÜV SÜD Company “Partnering Against Cyberrisk” | Sponsored by AXA XL “Harnessing the Power of Data and Analytics for Effective Risk Management” | Sponsored by Marsh “Accident Prevention — The Winning Formula For Construction and Insurance” | Sponsored by Otoos “Platinum Protection: Underwriting and Risk Engineering's Role in Protecting Commercial Properties” | Sponsored by AXA XL “Elevating RMIS — The Archer Way” | Sponsored by Archer   RIMS Publications, Content, and Links: RIMS Membership — Whether you are a new member or need to transition, be a part of the global risk management community! RIMS Virtual Workshops On-Demand Webinars RIMS-Certified Risk Management Professional (RIMS-CRMP) RISK PAC | RIMS Advocacy RIMS Strategic & Enterprise Risk Center RIMS-CRMP Stories — Featuring RIMS President Kristen Peed!   RIMS Events, Education, and Services: RIMS Risk Maturity Model®   Sponsor RIMScast: Contact sales@rims.org or pd@rims.org for more information.   Want to Learn More? Keep up with the podcast on RIMS.org, and listen on Spotify and Apple Podcasts.   Have a question or suggestion? Email: Content@rims.org.   Join the Conversation! Follow @RIMSorg on Facebook, Twitter, and LinkedIn.   About our guests: Eddie Tettevi, Sandbox Mutual Insurance CRO RIMS Canada Council Chair — DEI and Comms Janiece Savien-Brown, Metro Vancouver Shaun Sinclair, BCIT "Intentional Mentorship" improvised session from the DE&I Studio, featuring: Dionne Bowers, Co-Founder & Chair of the Canadian Association of Black Insurance Professionals (CABIP); Ray Chaaya, Head of talent for Zurich Canada; Natalia Szubbocsev, Executive Vice President at Appraisals International Inc.    Production and engineering provided by Podfly.  

This is an extra episode of the Leaders in Finance podcast, recorded in the run-up to the FLAIRS Event on October 3, 2025. This year's theme, “The Power to Pivot: Banking for Resilience and Renewal,” looks at how banks can adapt to an uncertain world, embrace innovation, and stay relevant for future generations. In this episode, our guests share their thoughts on what resilience and renewal mean in practice, and how these ideas could shape the future of the sector. Joining this special episode are: Pieter-Jan Bakker, Chair of FLAIRS and Business Consultant at ING Damla Hendriks, Chief Risk Officer and Managing Board Member at Van Lanschot Kempen Yorick Naeff, CEO and Co-Founder of BUX (now part of ABN AMRO) Dieuwertje de Rover, Lead Wholesale Banking Strategy at Rabobank Isil Evlioglu, Head of Private Individuals at ING Netherlands   *** Leaders in Finance is made possible by the support of Kayak, EY, Mogelijk Vastgoedfinancieringen, Roland Berger and Lepaya More information about our partners is available at our partner page.    *** Also listen to: Episode #88 with Yorick Naeff (CEO BUX)   ***  Want to stay up to date with Leaders in Finance? Subscribe to the newsletter.   ***  Questions, suggestions, or feedback? We'd love to hear from you! You can reach us via email at info@leadersinfinance.nl and check out our website.   *** Eerdere gasten bij de Leaders in Finance podcast waren onder andere: Klaas Knot (President DNB), Robert Swaak (CEO ABN AMRO), Frank Elderson (directie ECB), David Knibbe (CEO NN), Janine Vos (RvB Rabobank), Jos Baeten (CEO ASR), Nadine Klokke (CEO Knab), Gita Salden (CEO BNG Bank),  Annerie Vreugdenhil (CIO ING), Karien van Gennip (CEO VGZ), Maarten Edixhoven (CEO Van Lanschot Kempen), Jeroen Rijpkema (CEO Triodos), Chantal Vergouw (CEO Interpolis), Geert Lippens (CEO BNP Paribas NL), Simone Huis in 't Veld (CEO Euronext), Nout Wellink (ex DNB), Onno Ruding (ex minister van financiën), Maurice Oostendorp en Martijn Gribnau (CEOs Volksbank), Yoram Schwarz (CEO Movir), Laura van Geest (Bestuursvoorzitter AFM) Katja Kok (CEO Van Lanschot CH), Ali Niknam (CEO bunq), Nick Bortot (CEO BUX), Petri Hofsté (Commissaris, o.a.  Rabobank en Achmea), Peter Paul de Vries (CEO Value8), Barbara Baarsma (CEO Rabo Carbon Bank), Jan van Rutte (Commissaris PGGM, BNG Bank, vml CFO ABN AMRO), Marguerite Soeteman-Reijnen (Chair Aon Holdings), Annemarie Jorritsma (o.a. Voorzitter NVP), Lidwin van Velden (CEO Waterschapsbank), Don Ginsel (CEO Holland Fintech), Jan-Willem van der Schoot (CEO Mastercard NL), Tjeerd Bosklopper (CEO NN NL), Joanne Kellermann (Chair PFZW), Steven Maijoor (Chair ESMA), Radboud Vlaar (CEO Finch Capital), Karin van Baardwijk (CEO Robeco) en Annette Mosman (CEO APG).  

Ohio Workers' Comp Just Changed – Here's What Agents Need to Know: In this episode of Insurance Shoptalk, host Eric Stein talks with Bob Butts, Chief Risk Officer at Alternative Comp Solutions (ACS), about a major change in Ohio's workers' compensation market. For the first time, agents can now sell workers' comp in Ohio and earn commission, thanks to Senate Bill 2011 and approval by the Ohio Bureau of Workers' Compensation. Bob explains how ACS is leading the way with an Alternative Employer Organization (AEO) model that saves employers 10–30% on premiums, simplifies claims handling, and eliminates the need to switch payroll systems. The discussion covers the differences between AEOs and PEOs, how the pay-as-you-go approach helps employers with cash flow, and why this new model is such a big opportunity for insurance agents. About Insurance Shoptalk: Join host Eric Stein on a journey through the dynamic world of commercial property and casualty insurance. With over 25 years of experience in the industry, Eric brings a wealth of knowledge and insights to every episode. Insurance Shoptalk is your premier destination for in-depth discussions on the latest industry trends, technology impacts, interviews with leading experts, and much more. To learn more about Insurance Shoptalk, please visit https://insuranceshoptalk.com/

How is technology reshaping the UK Islamic finance landscape? We explore the evolving role of Islamic fintechs, shifting consumer expectations, and whether niche Shariah-compliant segments are being adequately served. What innovations are improving user experience, and what can be learnt from global peers?Moderator:Nitish Bhojnagarwala, Associate Managing Director, Financial Institutions Group, Moody's RatingsPanelists:Arshadur Rahman, Senior Manager, Bank of EnglandRafiza Ghazali, CEO, KAF Digital BankStella Cox, Managing Director, DDCAP GroupDr Usman Chaudry, Chief Risk Officer and Executive Director, Gatehouse Bank

Asset-based lending has come of age, but its evolution has made it challenging to put it in a homogeneous category or asset class, given its complexity and diversity of the underlying universe. From receivables and real estate to royalties and R&D, the range of collateral backing these loans raises questions about ABL's position within the broader private credit complex. In this episode, we attempt to define the history and parameters of ABL, including how loans are structured, as well as crucial due diligence and portfolio construction considerations. To help us explore these topics, we're joined by Greg Turk, Deputy CIO of Illinois Police Officers' Pension Investment Fund, and Cedric Henley, Partner and Chief Risk Officer of Specialty Finance at SLR Capital Partners.Introduction: (2:08)Halftime: (58:18)Guest: (1:03:50)Guests:Cedric Henley, Partner and Chief Risk Officer of Specialty Finance at SLR Capital PartnersGreg Turk, Deputy CIO, Head of Private Markets, Illinois Police Officers Pension Investment FundEpisode Sources

In this episode, Bill Moore, Compeer Financial's Chief Risk Officer, discusses the current state of the farm economy, emphasizing the importance of risk management. He highlights high production costs, volatile markets, and the need for farmers to plan ahead for 2026. Bill suggests crop rotation adjustments, marketing plans, and leveraging tools like crop insurance and scenario analysis to manage risks. Learn more about the impact of trade policies and the importance of a comprehensive farm bill. Listen to Compeer's Economic Minute for clear, practical insights on the ag economy and the economic forces shaping your farm's future.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Listen in to Part 8 of the series with the Bermuda Bankers Association: Insurance to Protect your Assets   Geoff Scott has over 30 years' experience in the financial services industry, including leadership roles in risk management, business development and client relationship management. He assumed progressively senior positions as a commercial banker with leading Canadian banks and transitioned to Barbados in 2012 as the Chief Risk Officer at a leading Caribbean commercial bank, where he successfully led several change initiatives which strengthened the risk culture and alignment with business strategies. Subsequently, Geoff was Chief Executive Officer at Barbados' leading composite insurance company.   Geoff is currently the Chief Executive Officer of the Bermuda Bankers Association, where he represents the banking industry with advocacy, education and communications aimed at a range of stakeholders.   Geoff is Chairman of the Board of Commissioners of the Turks and Caicos Islands Financial Services Commission, and Chairman of the Board of Directors of National Commercial Bank of Anguilla. Geoff is a Chartered Director accredited by the Caribbean Governance Training Institute.   Sponsored by Bermuda Bankers Association www.bermudabankers.org

Help us expand our Muslim media project here: https://www.thinkingmuslim.com/membershipWealth and its accumulation is an obsession for many of us. But how much is too much, and what social and ethical value should we place on our finances? We speak to Umer Suleman, the Chief Risk Officer overseeing Shariah and compliance at Wahed. For someone involved in the investment sector, what he shares may surprise many of you.You can find Umer Suleman here:LinkedIn: https://uk.linkedin.com/in/umersulemanWahed: https://www.wahed.com/author/umerBecome a member here:https://www.thinkingmuslim.com/membershipOr give your one-off donation here:https://www.thinkingmuslim.com/donateListen to the audio version of the podcast:Spotify: https://open.spotify.com/show/7vXiAjVFnhNI3T9Gkw636aApple Podcasts: https://podcasts.apple.com/gb/podcast/the-thinking-muslim/id1471798762Purchase our Thinking Muslim mug: https://www.thinkingmuslim.com/merchFind us on:X: https://x.com/thinking_muslimLinkedIn: https://www.linkedin.com/company/the-thinking-muslim/Facebook: https://www.facebook.com/The-Thinking-Muslim-Podcast-105790781361490Instagram: https://www.instagram.com/thinkingmuslimpodcast/Telegram: https://t.me/thinkingmuslimBlueSky: https://bsky.app/profile/thinkingmuslim.bsky.socialThreads: https://www.threads.com/@thinkingmuslimpodcastFind Muhammad Jalal here:X: https://twitter.com/jalalaynInstagram: https://www.instagram.com/jalalayns/Sign up to Muhammad Jalal's newsletter: https://jalalayn.substack.comWebsite Archive: https://www.thinkingmuslim.comDisclaimer:The views expressed in this video are those of the individual speaker(s) and do not represent the views of the host, producers, platform, or any affiliated organisation. This content is provided for lawful, informational, and analytical purposes only, and should not be taken as professional advice. Viewer discretion is advised. Hosted on Acast. See acast.com/privacy for more information.

Prevent third-party data breaches with this proven strategy! In this episode of the Risk Management Show, we discuss how organizations can mitigate cyber risks in their supply chain by implementing modern third-party risk management systems. In this Risk Management Show episode with Eric Hensley, CTO and CSO at Aravo, a leader in third-party risk and resilience solutions powered by intelligent automation. Eric shares his insights on why indirect relationships with third and fourth parties often become entry points for attackers and how traditional IT risk assessments fall short in today's interconnected tech environment. We explored practical strategies for aligning IT, security, and procurement functions to ensure accountability, and Eric highlights the role automation and AI play in scaling effective risk management processes. If you're a Chief Risk Officer, cyber security leader, or simply looking to enhance your organization's sustainability and resilience, this episode is packed with actionable advice. Don't miss Eric's unique perspective on breaking down silos and rethinking how organizations view their supply chains. If you want to be our guest or suggest a guest, send your email to info@globalriskconsult.com with the subject line "Guest Proposal."

Data breaches in the health care sector can carry immense legal, financial, and reputational consequences. Jon Moore, Chief Risk Officer and Head of Consulting Services, Clearwater, speaks with Christine Moundas, Partner, Ropes & Gray LLP, about how health care organizations can mitigate risk through robust breach preparedness plans and ensure legally sound, compliant responses when incidents occur. They discuss how to operationalize breach readiness, key pitfalls to avoid during incident response, and the legal implications of internal decision-making. Sponsored by Clearwater.Watch this episode: https://www.youtube.com/watch?v=Lvo4EsiCK0YLearn more about Clearwater: https://clearwatersecurity.com/ Essential Legal Updates, Now in Audio AHLA's popular Health Law Daily email newsletter is now a daily podcast, exclusively for AHLA Premium members. Get all your health law news from the major media outlets on this podcast! To subscribe and add this private podcast feed to your podcast app, go to americanhealthlaw.org/dailypodcast. Stay At the Forefront of Health Legal Education Learn more about AHLA and the educational resources available to the health law community at https://www.americanhealthlaw.org/.

In an era of black swan events, economic volatility, and rapid technological change, leaders must balance growth with governance to build organizations that endure. In this episode of CIO Talk Network, Dr. Ramesh Gopal, Chief Risk Officer for UAE & Saudi and Head of Credit Risk at CEEMEA for Deutsche Bank, joins host Sanjog Aul to share lessons from past crises, strategies for aligning agility with control, and ways to embed a risk-first mindset across the enterprise. Topics Covered: 00:00 – Introduction 02:49 – When assumptions fail: Lessons from 2008 07:12 – Thresholds, policing, and human bias in risk 10:09 – The biggest illusion of preparedness 13:05 – Appetite, tolerance, and execution 16:54 – Bridging the GRC–business gap 20:51 – Real-time, modern risk management 24:04 – Risk in the citizen development era 27:20 – Decentralizing risk ownership 33:29 – Challenges in building a risk-aware culture 36:08 – Blueprint for future-ready risk management 40:30 – An appeal to business & tech leaders 43:16 – G² + R²: Good growth and right risk

Governance, risk, and compliance (GRC) has long been burdened by heavy manual processes, slow assessments, and limited visibility. In this Brand Story episode, Sean Martin and Marco Ciappelli are joined by Anders Søborg, Co-Founder of Eve, and Mark Humphrey, who brings two decades of fraud and cybersecurity experience to the team. Together, they unpack how Eve is challenging traditional GRC tools by offering something entirely different: automation with evidence-based intelligence at its core.Anders shares how his experience as Chief Risk Officer and partner at major firms like Ernst & Young and PwC shaped Eve's mission. He describes a world where compliance doesn't have to mean complexity. Eve's AI engine evaluates more than a thousand controls in under 15 minutes—surpassing manual reviews that could take weeks—and goes a step further by offering recommendations, not just red flags.This isn't about replacing people. It's about helping overwhelmed compliance, risk, and audit teams regain control. Mark emphasizes how Eve operates like a true partner, delivering support with no ego and full transparency. Their approach combines deep regulatory knowledge, contextual AI agents trained on real-world frameworks, and a clear respect for data sovereignty and privacy—an essential requirement for global pharma, financial, and consulting clients already relying on the platform.More than a dashboard, Eve acts as an intelligent engine embedded into existing workflows via API, making it a natural complement—not a competitor—to existing GRC platforms. The platform is customizable, evidence-driven, and built with firsthand knowledge of what compliance professionals actually need: clear guidance, real-time answers, and fewer repetitive tasks.The episode leaves listeners with a compelling question: what if your compliance program could coach your team, reduce audit costs, and provide instant visibility—without sacrificing accuracy or control?Learn more about E-V-E GRC: https://itspm.ag/eve-grc-99Note: This story contains promotional content. Learn more.Guests:Anders Søborg, Co-founder, Director at E-V-E GRC | On LinkedIn: https://www.linkedin.com/in/anders-s%C3%B8borg-3826702/Mark Humphrey, Senior Sales and Channel Director EMEA at E-V-E GRC | On LinkedIn: https://www.linkedin.com/in/m-humphrey-mba-0020192b1/ResourcesRedefine Compliance. Unleash Your Potential with E-V-E GRC. Command Compliance: https://itspm.ag/e-v-e-i1mlLearn more and catch more stories from E-V-E GRC: https://www.itspmagazine.com/directory/evegrcLearn more about ITSPmagazine Brand Story Podcasts: https://www.itspmagazine.com/purchase-programsNewsletter Archive: https://www.linkedin.com/newsletters/tune-into-the-latest-podcasts-7109347022809309184/Business Newsletter Signup: https://www.itspmagazine.com/itspmagazine-business-updates-sign-upAre you interested in telling your story?https://www.itspmagazine.com/telling-your-story

Send us a text"RAISE CAPITAL LIKE A LEGEND: https://offer.fundraisecapital.co/free-ebook/"Hey, welcome to another episode of Making Billions, I'm your host, Ryan Miller, and today I have my dear friend Gabe Benincasa. Gabe is the chief risk officer and General Counsel of FundBank, it's a new type of bank that is set up to help fund managers with banking, but not in the way that you might think see. Prior to that, Gabe was the first Chief Risk Officer for the US Securities and Exchange Commission.So what does this mean? Well, it means that Gabe and his team understand funds, regulation and how you and I need to navigate this important part of alternative asset management.Subscribe on YouTube:https://www.youtube.com/channel/UCTOe79EXLDsROQ0z3YLnu1QQConnect with Ryan Miller:Linkedin: https://www.linkedin.com/in/rcmiller1/Instagram: https://www.instagram.com/makingbillionspodcast/Twitter: https://twitter.com/_MakingBillonsWebsite: https://making-billions.com/[THE GUEST]: Gabe Benincasa is the chief risk officer and General Counsel of FundBank[THE HOST]: Ryan Miller is an Angel investor, former VP of Finance, CFO of an insurance company, and the founder of Fund Raise Capital,  https://www.fundraisecapital.co where his strategies helped emerging fund managers and deal syndicators to report raising over $1B follSupport the showDISCLAIMER: The information in every podcast episode “episode” is provided for general informational purposes only and may not reflect the current law in your jurisdiction. By listening or viewing our episodes, you understand that no information contained in the episodes should be construed as legal or financial advice from the individual author, hosts, or guests, nor is it intended to be a substitute for legal, financial, or tax counsel on any subject matter. No listener of the episodes should act or refrain from acting on the basis of any information included in, or accessible through, the episodes without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from a lawyer, finance, tax, or other licensed person in the recipient's state, country, or other appropriate licensing jurisdiction. No part of the show, its guests, host, content, or otherwise should be considered a solicitation for investment in any way. All views expressed in any way by guests are their own opinions and do not necessarily reflect the opinions of the show or its host(s). The host and/or its guests may own some of the assets discussed in this or other episodes, including compensation for advertisements, sponsorships, and/or endorsements. This show is for entertainment purposes only and should not be used as financial, tax, legal, or any advice whatsoever.

Welcome to RIMScast. Your host is Justin Smulison, Business Content Manager at RIMS, the Risk and Insurance Management Society.   In this episode, Justin interviews Thomas Brandt, Chief Risk Officer of the Federal Retirement Thrift Investment Board (FRTIB) and one of the 2024 RIMS ERM Award of Distinction winners. Thomas shares some of his experiences at the IRS, where he won the 2021 RIMS ERM Award of Distinction, and how he moved from the IRS to join the FRTIB. Tom covers how he successfully integrated strategy and ERM at the FRTIB. He tells how the FRTIB moved from a high-level to a medium-level cyber risk posture, with improved Federal Information Security Modernization Act (FISMA) scores. Tom shares how the FRTIB  works with a managed services model in a way that's scalable and sustainable. Tom relates his views on risk culture and the portfolio view that a mature ERM program supports.   Listen to learn how to nominate your organization's ERM Program for the RIMS ERM  Award of Distinction.   Key Takeaways: [:01] About RIMS and RIMScast. [:14] RIMScast is a proud nominee of the 20th Annual People's Choice Podcast Awards. We are nominated in the category of Government and Organizations, and we would appreciate your support. [:26] Help us win that award by visiting PodcastAwards.com and the link in this episode's notes.  [:36] About this episode of RIMScast. We will be joined by Thomas Brandt, Chief Risk Officer of the Federal Retirement Thrift Investment Board and one of the 2024 RIMS ERM Award of Distinction winners. [1:05] RIMS-CRMP Workshops! The next Virtual RIMS-CRMP exam prep, co-hosted by Parima, will be held on September 2nd and 3rd. [1:17] The next RIMS-CRMP-FED virtual workshop will be held on November 11th and 12th, and led by Joseph Mayo. Links to these courses can be found on the Certification Page of RIMS.org and through this episode's show notes. [1:34] RIMS Virtual Workshops! On August 5th, we have a day-long course about “Emerging Risks.” [1:42] RIMS has launched a new course, “Intro to ERM for Senior Leaders.” This is a two-day course. The first two-day course will be held on August 12th and 13th and will be led by former RIMS President, Chris Mandel. [1:56] The course will be held again on November 4th and 5th and will be led by Elise Farnham. RIMS members enjoy deep discounts! [2:05] The full schedule of virtual workshops can be found on the RIMS.org/education and RIMS.org/education/online-learning pages. A link is also in this episode's notes. [2:17] Mark your calendars for November 17th and 18th for the RIMS ERM Conference 2025 in Seattle, Washington. The agenda is jam-packed with educational sessions that will resonate with risk practitioners at all stages of their careers. [2:38] See the full agenda at RIMS.org/ERM2025. Nominations are open for the RIMS Global ERM Award of Distinction 2025. The nomination deadline is Saturday, August 16th. The award is presented annually at the RIMS ERM Conference. There is a link in this episode's show notes. [3:05] If your organization's ERM program or one you know of deserves this recognition, we want to hear about it. Remember to send in that nomination form by August 16th. [3:16] RISKWORLD 2026 will be in Philadelphia, Pennsylvania, from May 3rd through May 6th. RIMS members can now lock in the 2025 rate for a full conference pass to RISKWORLD 2026 when registering by September 30th. [3:31] This also lets you enjoy earlier access to the RISKWORLD hotel block. Register by September 30th, and you will also be entered to win a $500 raffle. Don't miss out on this chance to plan and score some extra perks. [3:44] The members-only registration link is in this episode's show notes. If you are not yet a member, this is the time to join us. Visit RIMS.org/membership and build your risk network with us here at RIMS. [3:58] On with the show! Our guest today is one of the winners of the 2024 RIMS ERM Award of Distinction. He is also the Chief Risk Officer for the Federal Retirement Thrift Investment Board (FRTIB). [4:15] Tom Brandt is here to discuss ERM and how it has been a guiding light throughout his risk career, which includes several years at the IRS. He recently participated in the RIMS ERM Q&A Series, and we're going to extend the dialogue beyond those digital pages, so let's get to it. [4:35] Interview! Tom Brandt, welcome to RIMScast! [4:42] At long last, Tom Brandt is here on RIMScast! Tom is one of the members of the Strategic and Enterprise Risk Management Council and one of the recipients of the 2024 ERM Award of Distinction. There's so much to discuss when it comes to ERM! Tom loves ERM. [5:18] Tom was also a 2021 ERM Award of Distinction recipient for his work at the IRS, where he worked for about 27 years, for the last eight of which, he was their Chief Risk Officer. There, he got into the whole ERM space. [5:38] Then, in late 2021, an opportunity opened at the Federal Retirement Thrift Investment Board (FRTIB), and Tom took on the role of Chief Risk Officer. He enjoys the opportunity to work in a small organization with a different focus. [5:55] The FRTIB is sort of the 401(k) for federal employees and uniformed services. They have a singular mission around that plan. [6:13] Tom was brought into the FRTIB to integrate strategy and ERM. He stresses the importance of linking risk and strategy. When Tom started, the offices of Enterprise Planning and Enterprise Risk had just been brought together. [6:51] They were looking for the first Director of Planning and Risk/CRO. Tom applied and was selected for the role. Even though it's a small agency of 250, those functions had been siloed. [7:07] Tom's first area of focus was getting the staff to know each other and learn more about what each process entailed, and then working with the team to look at how to bring these processes together. [7:23] Tom says, when we're identifying risks and needing to mitigate risks, the next question is, where do we get the resources? When the process is not integrated into your planning and budgeting process, that becomes very challenging. [7:36] As we go through our annual planning process, we work with our business offices, and if they're risk owners, we talk about what risks they are managing or mitigating, and if there are related initiatives or resources needed. [7:51] That information gets captured in the annual plan and becomes an input to the budget process. We're not only raising the risks and talking about them, but also identifying initiatives and getting funding, support, and resources to manage and mitigate those risks. [8:16] Tom's risk group has seven or eight people. They also do internal controls, policies, and procedures. They are the agency's anti-fraud group. They do brand monitoring and run the third-party risk monitoring program. They do work beyond the enterprise risk component. [8:51] The FRTIB moved from a high-level to a medium-level cyber risk posture, which improved Federal Information Security Modernization Act (FISMA) scores. FISMA is an annual cybersecurity audit of federal organizations. [9:27] Years ago, the FRTIB was scoring in the 1s and 2s on most domains in this audit, out of a possible score of 5. That coincided with cybersecurity being one of the FRTIB's high risks. They needed to put in place better governance and protections. [9:53] Because cybersecurity had been one of the FRTIB's high risks, they require any of their enterprise risks that are medium high or higher to have a risk treatment plan. They work with their CISO and the cyber team to develop risk treatment plans each year. [10:08] The risk treatment plans identify resource needs and specific areas of focus. They use the FISMA domains, questions, and assessment criteria to keep in mind where they need to shore things up. [10:20] Justin clarifies that FISMA, the Federal Information Security Modernization Act, is a U.S. Federal law that requires federal agencies to develop a document and implement information security programs to protect government information. [10:36] Tom remarks that as a result of great work done by the CISO and the cyber team, the FRTIB scored a 5 in each domain on their 2024 FISMA audit. That moved the cybersecurity risk score down. It's still at a medium level because the threat landscape continues to evolve. [10:56] Threat actors are always out there, trying to stay one step ahead of you, so you have to stay on your game to get ahead of them. [11:15] The cyber threat is so significant that collectively, we all need to be working as hard as we can to maintain our defenses. Tom says the CISO community is working together to integrate the latest technology and developments and understand where the threat is. [11:49] The CISO community is staying on top of what's happening in the AI space to be able to share good practices across agencies and ensure that our posture government-wide is as strong as possible in detecting and preventing the cyber threat. [12:06] One of the strategic goals for FRTIB is the managed services model. Tom speaks about assessing and monitoring third-party and vendor risks in a way that's scalable and sustainable. [12:18] When Tom moved into his position, in December 2021, the agency was about six months away from implementing that managed services model for their record-keeping service. Record keeping is a huge part of the FRTIB's work. They have almost 7.5 million participants. [12:36] Managing participant transactions and keeping their information is a core responsibility for the agency. They were moving to a managed service model. [12:48] When you shift to that type of model, you don't give up accountability and responsibility for the program. You work with a provider. The Agency needed to look at what its mechanism for oversight was, to manage and understand third-party risk. [13:06] The Agency had some capabilities in place for vendor monitoring and supply chain risk management. Tom's area of focus was to build up the third-party risk management program. [13:18] Tom did a maturity assessment to compare what they were doing to good practices and look for opportunities to enhance their capabilities. He brought in some services from external providers to help with access to data about the performance of third-party services. [13:42] Quarterly, Tom reports to the FRTIB board on their top vendors, their overall operations, whether there are any risks he has concerns about, and if so, what is being done to address those risks. That has helped to put in place a strong third-party risk management program. [14:03] When Tom joined the FRTIB, his predecessor had already built a strong, mature ERM program. There was a repeatable process in place with a risk register and a risk profile. [14:22] The opportunity was in integrating risk with planning and looking at how to enhance the program and bring it to the next level of maturity and build out that third-party risk management monitoring capability.  [14:42] RIMS Events! The very first RIMS Texas Regional Conference will be held from August 4th through August 6th in San Antonio at the Henry B. González Convention Center. Public registration is open. The full conference agenda is live, so you can start planning. [15:00] Don't miss the post-conference workshop, the RIMS-CRMP Exam Prep course available on-site. This event is open to any RIMS chapter member. [15:10] If you are local to the area, you might consider becoming a RIMS member today so you can get all the benefits and begin networking with your new RIMS Texas peers. Visit RIMS.org/TexasRegional. [15:22] Just a month later, we will be up North for the RIMS Canada Conference 2025, which will be held from September 14th through the 17th in Calgary. Registration is open. Visit RIMSCanadaConference.ca and lock in those favorable rates. We look forward to seeing you! [15:41] On September 18th, the 10th Annual Chicagoland Risk Forum will be held at The Old Post Office in Chicago. Register at ChicagoRIMS.org. [15:52] Also on September 18th, the Spencer Educational Foundation will host the 2025 Funding Their Future Gala at the Cipriani 42nd Street. Visit SpencerEd.org. [16:03] On October 1st through the 3rd, the RIMS Western Regional Conference will be held in North San Jose at the Santa Clara Marriott. The agenda is live. It looks fantastic! Visit RIMSWesternRegional.com and register today! [16:20] Let's Return to My Interview with RIMS 2024 ERM Award of Distinction Winner, Tom Brandt! [16:37] Shortly after Tom won the 2021 ERM Award of Distinction, along with Melissa Reynard, for his work with the IRS, he left to go to the FRTIB. Tom talks about the switch. [16:57] Tom had a great career with the IRS. He had a range of different roles and responsibilities. For his last eight years with the IRS, he was the CRO. [17:23] Tom was ready to make a change. He learned about the opportunity at FRTIB to help them bring risk and strategy programs into one department. He was happy to be selected and see the value of having risk and strategy come together. [18:12] Tom was the second CRO at the IRS. In 2013, the IRS had a crisis, so they brought in a CRO from the GAO for about a year. Tom had been doing risk work in one of the business units of the IRS. He was chosen for the CRO position in 2014. [18:50] The IRS crisis in 2013 related to concerns about how the agency had been handling applications for tax-exempt status. It led to Congressional hearings and IRS leadership changes. [19:04] Before going to the FRTIB, Tom was contacted by a recruiter. Someone in the risk community knew of the position and suggested Tom for it. He's thankful he was contacted because it has turned out to be an excellent opportunity. [19:35] Through RIMS, Tom connects with public and private sector colleagues. He sees a lot of similarities. The public sector has been practicing ERM for just under a decade. [20:16] The most essential ingredient in ERM is leadership support. Tom has support at FRTIB from leadership and the Board. Without leadership support, ERM is a compliance exercise. If ERM is truly leveraged, it can add a lot of value. [20.42] Tom thinks we're seeing too many instances where organizations have not had robust risk programs and have had risk events that could have been prevented or had the impact lessened, had they had a risk program.  [21:02] Tom thinks the challenge in the public sector is that there isn't much room for government error. Anything that doesn't go according to plan tends to get attention. [21:22] That oversight creates an environment that tends to be more risk-averse. That's not the way we want to run our risk program, because we want to take advantage of the opportunity that risk prevents, but it's a factor of the environment we operate in. [21:44] Part of what led to the establishment of the IRS ERM program was the 2013 crisis and an after-event assessment of what went wrong. Bad news didn't make it to the top quickly enough. Information that leadership should have been made aware of didn't get there in time. [22:05] As a result, issues and problems were allowed to fester and go out of control. In the IRS, people took a lot of pride in fixing and solving their problems. Sometimes you don't have a lot of time to fix an issue before it goes sideways. [22:41] A real benefit from sharing information is that often you can find other parts of the organization that can help because they've experienced a similar type of issue. They might have additional resources. Ignoring or hiding the problem doesn't make it go away. [23:01] The key value of ERM is creating a culture where people are willing to speak up, information gets escalated quickly, and you're able to bring the right people and resources together to work collectively to manage and mitigate those risks. [23:15] At FRTIB, Tom focuses on creating an environment where people feel comfortable speaking about risk, where it's part of the regular way they operate. [23:32] Since starting in risk many years ago and working with his teams, Tom's approach has been doing risk with offices and not doing risk to offices. He wanted to meet them where they were, understand where they needed help, and nudge them, rather than drag them, along. [24:00] Tom says take time to understand the organization, the unique needs of each office, and work with them to help manage and mitigate a risk, versus trying to force something on them. [24:18] A Quick Plug! If you tuned in to the recent episode featuring James Lam, you will know he is hosting a new six-module workshop for us, the “RIMS-CRO Certificate in Advanced Enterprise Risk Management”. [24:33] The inaugural summer course is completely sold out! We are filled to the virtual capacity! Don't worry, in the Fall, the bi-weekly course will begin on October 9th. Registration closes on October 2nd. A link is in this episode's notes. Check it out and register today! [24:52] If you're getting inspired by Tom Brandt and his ERM Award of Distinction win, remember that nominations are now open for the ERM Award of Distinction 2025. Be sure to listen closely for the tips that he offers about what makes a strong nomination! [25:10] The link to the nomination form is in this episode's show notes. Good luck! [25:13] Let's Return to the Conclusion of My Interview with Tom Brandt! [25:18] Before becoming the CRO at the IRS, Tom was the Director of Planning and Research for the Large Business and International Division with responsibility for case selection, determining risk on corporate and international tax returns, and which ones should be selected for audit. [25:52] This was a compliance risk experience. That provided the stepping stone to take on a more strategic, operational view of risk within the division. When the broader CRO opportunity became available at the IRS, he was considered and ultimately selected for that position. [26:14] Tom's view of risk has evolved. Within a business unit, he focused on the day-to-day operational and compliance risk. He didn't take a view of the whole organization or what choices he made for his unit ight create risk for another part of the organization. [26:51] It's a real value for ERM to have a portfolio view of the most critical risks across the organization, and understanding how actions to address risks in one area could create or exacerbate a risk somewhere else. [27:08] Tom tells of reputational risk. Sometimes decisions don't factor in how they will be perceived. Tom helped people at the IRS understand reputational risk and the stakeholders they may need to engage to help them understand why particular decisions are made. [28:22] Tom shares advice for nominating an ERM Program for the ERM Award of Distinction. What are the results? What are the outcomes that the program accomplished that you can talk about? How did ERM help the organization? What value did it bring? [29:07] Take an example of something you can share, and explain how ERM was able to surface the risk and bring the right people together to help with that risk and help the organization. [29:24] It's critical to have letters of recommendation. At the IRS, Tom had two Deputy Commissioners write letters about what they saw as the value that ERM brought to the agency. [29:42] At FRTIB, Tom had letters from the Executive Director and a member of its Board, who had served for over a decade and had historical knowledge of how ERM had helped the Agency. [30:04] Tom notes that the process of going through the application is a great learning opportunity to reflect on accomplishments as well as areas of remaining opportunity. [30:17] If you are fortunate enough to be selected to receive recognition, it's a great way to recognize the team. Tom used the Awards to recognize his teams at the IRS and at FRTIB, who are the ones who make all of this possible. The recognition turns out to be great kudos for them. [30:41] You can learn more about Tom's achievements through the links on this episode's show notes, which feature his recent ERM Q&A from 2025. I've also included one with his former coworker from the IRS, Melissa Reynard, from 2022. [30:58] This should give you a great sense of not just the great work that Tom has done but also, what it takes to have your nomination seen and heard and get the recognition that you deserve. [31:13] Tom, it's been great getting to know you these past few years, and I look forward to seeing you in Seattle. Thank you for joining us here on RIMScast! [31:32] Special thanks again to Tom Brandt for joining us here on RIMScast. Be sure to check out the links in this episode's show notes for recent ERM Q&A interviews about his work with the FRTIB. [31:46] Tom is a recipient of the RIMS ERM Award of Distinction. The Call for Nominations is open through August 16th. Check this episode's show notes for the link and details. [32:00] The Awards will be presented at the RIMS ERM Conference 2025, November 17th and 18th in Seattle. A link to that event is also on this page. [32:08] Plug Time! You can sponsor a RIMScast episode for this, our weekly show, or a dedicated episode. Links to sponsored episodes are in the show notes. [32:36] RIMScast has a global audience of risk and insurance professionals, legal professionals, students, business leaders, C-Suite executives, and more. Let's collaborate and help you reach them! Contact pd@rims.org for more information. [32:54] Become a RIMS member and get access to the tools, thought leadership, and network you need to succeed. Visit RIMS.org/membership or email membershipdept@RIMS.org for more information. [33:12] Risk Knowledge is the RIMS searchable content library that provides relevant information for today's risk professionals. Materials include RIMS executive reports, survey findings, contributed articles, industry research, benchmarking data, and more. [33:29] For the best reporting on the profession of risk management, read Risk Management Magazine at RMMagazine.com. It is written and published by the best minds in risk management. [33:43] Justin Smulison is the Business Content Manager at RIMS. You can email Justin at Content@RIMS.org. [33:50] Thank you all for your continued support and engagement on social media channels! We appreciate all your kind words. Listen every week! Stay safe!   Links: 20th Annual People's Choice Podcast Awards! Vote for RIMScast (Gov't & Organizations) To vote for RIMScast, please sign up with your email, then select RIMScast on the pulldown under Government and Organizations. Thank you! RIMS ERM Conference 2025 — Nov. 17‒18 | RIMS Global ERM Award of Distinction 2025 Nominations Open Through Aug. 16 “Embedding ERM Into One of the World's Largest Retirement Programs.” — RIMS Interview with Tom Brandt (2025) RIMS Texas Regional 2025 — August 3‒5 | Registration open. RIMS-CRMP In-Person Workshop in Texas Aug. 6 & 7 RIMS Canada 2025 — Sept. 14‒17 | Registration open! 10th Annual Chicagoland Risk Forum — Sept. 18 | Registration open! RIMS Western Regional — Oct 1‒3 | Bay Area, California | Registration open! RISKWORLD 2026 — Members-only early registration! Register through Sept 30! RIMS-Certified Risk Management Professional (RIMS-CRMP) The Strategic and Enterprise Risk Center Spencer Educational Foundation 2025 Funding Their Future Gala — Sept. 18, 2025, in NYC! RIMS ERM Conference 2025 — Nov 17‒18 in Seattle! [Save the Date!] RIMS-CRO Certificate in Advanced Enterprise Risk Management — Featuring Instructor James Lam! Summer course sold out! | Next bi-weekly course begins Oct 9. RIMS Diversity Equity Inclusion Council RISK PAC | RIMS Advocacy | RIMS Legislative Summit SAVE THE DATE — March 18‒19, 2026 RIMS Risk Management magazine | Contribute RIMS Now RIMS Webinars: RIMS.org/Webinars   Upcoming RIMS-CRMP Prep Virtual Workshops: RIMS-CRMP Exam Prep Virtual Workshop — Sept 2‒3, 2025 | Presented by RIMS and PARIMA RIMS-CRMP-FED Exam Prep Virtual Workshop — November 11‒12 Full RIMS-CRMP Prep Course Schedule “Emerging Risks” | Aug 5 | Instructor: Joe Mayo “Intro to ERM for Senior Leaders” | Aug. 12‒13 | Instructor: Chris Mandel “Intro to ERM for Senior Leaders” | Nov. 4‒5 | Instructor: Elise Farnham See the full calendar of RIMS Virtual Workshops RIMS-CRMP Prep Workshops   Related RIMScast Episodes: “Risk and Clarity with Huw Edwards, RIMS Texas Keynote” “James Lam on ERM, Strategy, and the Modern CRO” “ERM, Retail, and Risk with Jeff Strege” “Bigger Risks with the Texas State Office of Risk Management” | Sponsored By Hillwood “ERMotivation with Carrie Frandsen, RIMS-CRMP” “Live from the ERM Conference 2024 in Boston!” “Risk Quantification Through Value-Based Frameworks”   Sponsored RIMScast Episodes: “The New Reality of Risk Engineering: From Code Compliance to Resilience” | Sponsored by AXA XL (New!) “Change Management: AI's Role in Loss Control and Property Insurance” | Sponsored by Global Risk Consultants, a TÜV SÜD Company “Demystifying Multinational Fronting Insurance Programs” | Sponsored by Zurich “Understanding Third-Party Litigation Funding” | Sponsored by Zurich “What Risk Managers Can Learn From School Shootings” | Sponsored by Merrill Herzog “Simplifying the Challenges of OSHA Recordkeeping” | Sponsored by Medcor “Risk Management in a Changing World: A Deep Dive into AXA's 2024 Future Risks Report” | Sponsored by AXA XL “How Insurance Builds Resilience Against An Active Assailant Attack” | Sponsored by Merrill Herzog “Third-Party and Cyber Risk Management Tips” | Sponsored by Alliant “RMIS Innovation with Archer” | Sponsored by Archer “Navigating Commercial Property Risks with Captives” | Sponsored by Zurich “Breaking Down Silos: AXA XL's New Approach to Casualty Insurance” | Sponsored by AXA XL “Weathering Today's Property Claims Management Challenges” | Sponsored by AXA XL “Storm Prep 2024: The Growing Impact of Convective Storms and Hail” | Sponsored by Global Risk Consultants, a TÜV SÜD Company “Partnering Against Cyberrisk” | Sponsored by AXA XL “Harnessing the Power of Data and Analytics for Effective Risk Management” | Sponsored by Marsh “Accident Prevention — The Winning Formula For Construction and Insurance” | Sponsored by Otoos “Platinum Protection: Underwriting and Risk Engineering's Role in Protecting Commercial Properties” | Sponsored by AXA XL “Elevating RMIS — The Archer Way” | Sponsored by Archer   RIMS Publications, Content, and Links: RIMS Membership — Whether you are a new member or need to transition, be a part of the global risk management community! RIMS Virtual Workshops On-Demand Webinars RIMS-Certified Risk Management Professional (RIMS-CRMP) RISK PAC | RIMS Advocacy RIMS Strategic & Enterprise Risk Center RIMS-CRMP Stories — Featuring RIMS President Kristen Peed!   RIMS Events, Education, and Services: RIMS Risk Maturity Model®   Sponsor RIMScast: Contact sales@rims.org or pd@rims.org for more information.   Want to Learn More? Keep up with the podcast on RIMS.org, and listen on Spotify and Apple Podcasts.   Have a question or suggestion? Email: Content@rims.org.   Join the Conversation! Follow @RIMSorg on Facebook, Twitter, and LinkedIn.   About our guest: Thomas Brandt, Chief Risk Officer at the Federal Retirement Thrift Investment Board   Production and engineering provided by Podfly.  

In this episode of GRC Chat, we explore "Hiring Smart: Avoiding Costly Leadership Mistakes" with Linda Henman, a seasoned consultant with over 40 years of experience helping decision-makers across industries. Linda shares valuable insights into identifying effective leaders, the critical role of decision-making in leadership, and how organizations can avoid the pitfalls of bad hires. She emphasizes the importance of evaluating critical thinking, learning agility, and quantitative reasoning when selecting top executives, as well as the impact of personality traits on leadership success. If you're in risk management, cyber security, sustainability, or are a Chief Risk Officer seeking fresh perspectives, this episode is packed with actionable takeaways. Linda also discusses the traps leaders often fall into, such as failing to frame issues correctly, control challenges, and cognitive overload, offering practical strategies to overcome them. If you want to be our guest or suggest someone for the show, send your email to info@globalriskconsult.com with the subject "Podcast Guest."

Tehillah Niselow speaks to Garth Rossiter, Chief Risk Officer at Lula See omnystudio.com/listener for privacy information.

At its best, parametric insurance delivers clarity when volatility strikes. But scaling that promise takes more than models: it takes real claims data, market feedback and the ability to solve for both reinsurers' confidence and cedents' earnings risk. In this episode, Matthew Grant speaks with Matt Coleman, Chief Risk Officer at The Demex Group, a reinsurance MGA using a new modelled loss index to reshape how the market covers severe convective storms, one of the fastest-growing sources of weather-driven loss. Our conversation picks up where our previous webinar left off, and explores how Demex has grown distribution, secured broker support and validated its approach in a live risk environment. In this conversation Matt touches on: Why 2025 has already seen above-average tornado, wind and hail activity and how recoveries are already flowing How Demex's RCR Re cover mimics indemnity but pays out on a modelled index Why omitting sensors and relying on robust weather and claims data reduces basis risk The advantages of training models on cedents' actual ground-up claims, not diluted industry averages What reinsurers want in secondary peril covers and how Demex packages risk to match that appetite Why broker engagement has been critical to growth, and what their clients are asking for What it means to build in response to a genuine market problem not just to push a technology Along the way, Matthew and Matt talk about why carriers are willing to share granular claims data when the product is strong enough and why early validation matters in parametric. If you like what you're hearing, please leave us a review on whichever platform you use or contact Matt Coleman or Matthew Grant on LinkedIn. Sign up to the InsTech newsletter for a fresh view on the world every Wednesday morning. Continuing Professional Development This InsTech Podcast Episode is accredited by the Chartered Insurance Institute (CII). By listening, you can claim up to 0.5 hours towards your CPD scheme. By the end of this podcast, you should be able to meet the following Learning Objectives: Specify the role of brokers in distributing innovative reinsurance solutions and educating cedents Identify the challenges and advantages of building a reinsurance product in direct response to market demand Explain why reinsurers prefer weather-driven indices over indemnity-based uncertainty If your organisation is a member of InsTech and you would like to receive a quarterly summary of the CPD hours you have earned, visit the Episode 365 page of the InsTech website or email cpd@instech.co to let us know you have listened to this podcast. To help us measure the impact of the learning, we would be grateful if you would take a minute to complete a quick feedback survey.

En entrevista para MVS Noticias con Luis Cárdenas, Fernando Garza, Chief Risk Officer de Engen Capital, abordará el tema de la inversión extranjera directa (IED) en México.See omnystudio.com/listener for privacy information.

In this episode of the Risk Management Show, we uncover the hidden PCI DSS risks in everyday AI use with Trevor Welsh, VP of Product at Witness AI. This insightful discussion dives into the critical intersections of AI, compliance, and cyber security. Discover the challenges of integrating AI under PCI DSS, the dangers of data leakage, and how to tackle the "black box" problem in AI models.  Trevor shares his extensive expertise in cyber security, compliance, and risk management, offering actionable strategies for proactive AI governance and protecting sensitive cardholder data. Whether you're a Chief Risk Officer, compliance manager, or simply interested in sustainability and risk management, this episode is packed with valuable takeaways. If you want to be our guest or suggest a guest, send your email to info@globalriskconsult.com with the subject line "Guest Proposal."

Quantifying cyber risk is now a necessity for businesses navigating the evolving threat landscape. In this episode of the Risk Management Show, we discussed why quantifying cyber risk is the new imperative for businesses. Our guest, Asdrúbal Pichardo, CEO of Squalify—a cyber risk quantification platform backed by Munich Reinsurance—shares how their top-down approach to cyber risk quantification is transforming the way companies prioritize cybersecurity investments and communicate with boards. We explored real-world examples, common pitfalls in cybersecurity investment, and how benchmarking cyber posture can elevate your strategy. If you're a Chief Risk Officer, CISO, or CFO looking to align strategies and speak the same language about cyber security and risk management, this episode provides the insights you need. Plus, learn about Squalify's CRQ readiness assessment tool and how it supports organizations in making informed decisions. Please check the Squalify's CRQ Readiness Assessment https://squalify.fillout.com/t/5dGf2f8tmcus If you want to be our guest or suggest a guest, send your email to info@globalriskconsult.com with the subject line "Guest Proposal."

En entrevista para MVS Noticias con Luis Cárdenas, Fernando Garza, Chief Risk Officer de Engen Capital, habló sobre el arrendamiento y el Lease Back como un oasis financiero que las empresas mexicanas necesitan.See omnystudio.com/listener for privacy information.

In this episode of the Risk Management Show, we dive into the critical topic of "AI Regulations: What Risk Managers Must Do Now." Join host Boris Agranovich and special guest Caspar Bullock, Director of Strategy at Axiom GRC, as they tackle the challenges and opportunities businesses face in navigating risk management, cybersecurity, and sustainability in today's rapidly evolving landscape. We discuss the growing importance of monitoring AI developments, preparing for upcoming regulations like the EU AI Act, and setting clear internal policies to meet customer demands and legal requirements. Caspar shares his expert perspective on building organizational resilience, the ROI of compliance programs, and addressing third-party risks in a complex supply chain environment. Whether you're a Chief Risk Officer, a compliance professional, or a business leader, this conversation offers actionable insights to help you stay ahead of emerging trends. If you want to be our guest or suggest a guest, send your email to info@globalriskconsult.com with the subject line “Podcast Guest.”

Asset-based lending has come of age, but its evolution has made it challenging to put it in a homogeneous category or asset class, given its complexity and diversity of the underlying universe. From receivables and real estate to royalties and R&D, the range of collateral backing these loans raises questions about ABL's position within the broader private credit complex. In this episode, we attempt to define the history and parameters of ABL, including how loans are structured, as well as crucial due diligence and portfolio construction considerations. To help us explore these topics, we're joined by Greg Turk, Deputy CIO of Illinois Police Officers' Pension Investment Fund, and Cedric Henley, Partner and Chief Risk Officer of Specialty Finance at SLR Capital Partners.Introduction: (0:48)Halftime: (57:12)Guest: (1:02:45)Guests:Cedric Henley, Partner and Chief Risk Officer of Specialty Finance at SLR Capital PartnersGreg Turk, Deputy CIO, Head of Private Markets, Illinois Police Officers Pension Investment FundEpisode Sources

Discover everything cloud service providers (CSPs) need to know about the FedRamp 20X pilot program and its transformative impact on Risk Management in 2025. In this episode of the Risk Management Show, Boris Agranovich, CEO of Global Risk Community, interviews Travis Howerton, Co-Founder and CEO at Regscale, a leading voice in Cyber Security and AI-driven solutions. Together, they explore how they streamlines authorization processes, enhances cloud security, and balances innovation with robust security standards. During the discussion, Travis shares insights on automating compliance through AI, addressing regulatory challenges, and creating opportunities for CSPs and federal agencies. Learn how innovations like compliance as code and automation are shaping the future of cloud security and sustainability. If you're a Chief Risk Officer or a professional in the cybersecurity space, this is a must-watch for actionable strategies and expert advice. If you want to be our guest or suggest a guest, send your email to info@globalriskconsult.com with the subject line "Guest Proposal."

Welcome to RIMScast. Your host is Justin Smulison, Business Content Manager at RIMS, the Risk and Insurance Management Society.   Justin interviews James Lam about the evolving role of the CRO since the pandemic, vital competencies for today's CROs, risk appetite frameworks, and a case study of E*Trade and how they succeeded with a strong risk appetite framework. They continue the discussion with an examination of James's upcoming six-module virtual course, the RIMS-CRO Certificate in Advanced Enterprise Risk Management. James concludes with his vision of the future of ERM using AI as an enabling tool. Listen to learn more about successful strategies CROs can apply to their ERM programs.   Key Takeaways: [:01] About RIMS and RIMScast. [:17] About this episode of RIMScast. Our guest is one of the great thought leaders in risk management, James Lam. He returns to RIMScast today to talk about ERM and a new bi-weekly virtual course he'll be teaching for RIMS that begins in July. [:48] RIMS-CRMP Workshops! Register by July 1st for the next RIMS-CRMP Virtual Workshop, which will be co-led by Parima. That course will be held on July 8th and 9th. [1:04] The next RIMS-CRMP-FED virtual workshop will be led by Joseph Mayo on July 17th and 18th. Register by July 16th. Links to these courses can be found on the Certification Page of RIMS.org and through this episode's show notes. [1:23] RIMS Webinars! The next RIMS Webinar will be held on June 17th. It will be presented by Origami Risk. It's titled “Strategic Risk Financing in an Unstable Economy: Leveraging Technology for Efficiency and Cost Reduction”. Register today through RIMS.org/Webinars [1:43] RIMS Virtual Workshops! On June 12th, Pat Saporito will host “Managing Data for ERM”, and she will return on June 26th to present the very popular new course, “Generative AI for Risk Management”. [2:00] A link to the full schedule of virtual workshops can be found on the RIMS.org/education and RIMS.org/education/online-learning pages. A link is also in this episode's show notes. [2:12] Mark your calendars for November 17th and 18th for the RIMS ERM Conference 2025 in Seattle, Washington. The agenda is being built. Soon, we will distribute a Call for Nominations for the ERM Award of Distinction. I'll update this episode's show notes when that link is ready. [2:35] Think about your organization's ERM program or one that you know of, and how it has generated value. We will have more on that in the coming weeks. [2:43] On with the show! Our guest today is a risk management trailblazer who is widely considered the world's first Chief Risk Officer. I'm talking about James Lam. [2:54] Starting on July 16th, James will host a six-module course for RIMS, The RIMS-CRO Certificate in Advanced Enterprise Risk Management. It's a bi-weekly course that will run through Wednesday, September 24th. Registration closes on July 9th. [3:14] James is here to discuss and share his ERM philosophies, how the practice has changed in the past five years since he was last on the show, and to give us a preview of what the upcoming course will be like and how it could boost your risk career. [3:31] Interview! James Lam, welcome back to RIMScast! [3:37] James was a guest on RIMScast in the Fall of 2020. We've gone through a lot in the last five years! We've lived through a pandemic, and companies realized the importance of operational resilience and strategic risk management. [4:14] James says today we are facing unprecedented geopolitical risk. We are also facing AI risks and opportunities. Some Chief Risk Officers have stayed relevant and elevated their careers and skills, while others have failed in their organization's ERM programs. [5:01] James tells what may cause a CRO to fail. Applying a “check the box” approach or a compliance approach, without staying relevant with the evolving risk landscape. [5:29] Speaking of successful CROs, James said one CRO he worked with went from being a treasurer reporting to the CFO, to becoming the CRO, then the CFO, and eventually the CEO, all within eight years. [5:58] He and other successful CROs had learned how to add strategic value and be relevant to key decision-makers at the board level and the executive level. [6:15] A key competence is applying risk analytics to quantify and minimize unexpected earnings, helping companies maintain sustainable, predictable profitability. [6:40] Then, evolving that to understanding capital management to optimize capital allocation, dividend policies, and risk transfer strategies, ultimately, applying the same risk analytics to support corporate and business decisions. [7:05] Being able to add strategic value is the most important competence for a Chief Risk Officer today. [7:26] Management and corporate directors are concerned about the unexpected. As CROs, how do we connect our work with things that are the most meaningful to the decision-makers and key internal stakeholders? All boards, CEOs, and CFOs are concerned about earnings. [7:53] Unexpected earnings variance and guidance are things that they are concerned about. CROs can help them with predictable profitability, long-term capital management, and value creation. [8:10] How does a CRO support the leaders' decision-making at the corporate level, where there's M&A or new products, and at the business level, in terms of risk-based pricing and risk transfer decisions? [8:43] James thinks the risk appetite framework is one of the most important processes and capabilities for advanced enterprise risk management. [9:01] Frameworks that don't do well tend to be mostly or entirely qualitative. They tend to be static, maybe updated once a year, with very little change. [9:15] The frameworks that are more strategic and add more value to companies tend to be a combination of quantitative and qualitative. [9:42] Successful risk appetite frameworks also consider risk capacity in terms of capital resources, earnings, and liquidity, relative to our risk management capability and track record. [10:01] Successful risk appetite frameworks look at opportunities. What is the opportunity for profitability, growth, and innovation, relative to risk? If the opportunity is high, then we should be willing to take on more risk. [10:19] Successful risk appetite frameworks tend to be more dynamic in a way that allows the company to reduce risk when it is appropriate but also to take more risk when it is appropriate. [10:31] James says a good risk appetite framework would guide organizations to take more risk, on a selective basis. [10:57] James uses E*Trade as a case study. James was on the board of E*Trade and chaired its risk committee. This case study is in the RIMS CRO Certificate Program in Advanced Enterprise Risk Management. [11:28] James will invite E*Trade's CRO, the head of ERM, and one of the regulators, to provide first-hand experiences and lessons learned. [11:41] James gives examples of how ERM improved E*Trade's business outcomes and profitability. Based on a robust risk appetite framework, E*Trade thought it needed to take more risk in new product innovation and shorten the time to market dramatically. [12:21] Because of that, E*Trade was the first company to offer retail investors the capability to trade stocks and mutual funds on their Apple Watch. It was a very important business opportunity as the Apple Watch was hugely popular. [12:49] This tied into E*Trade's founding as the first internet company to allow retail investors to trade on the internet. It was a proud moment for E*Trade. It shows how a robust ERM program and risk appetite framework can support innovation and business growth. [13:16] In the eight years James was on E*Trade's board until it was sold, its stock went from $8 to $59 a share. It went from B to BBB, from losing money to making money, and from a weak capital position to buying back over $1 billion in stock and offering its first-ever dividend. [13:52] In addition to the E*Trade case study, the course will look into other case studies, good and bad. We will learn from organizations that didn't manage risks effectively and what we could learn from them to prevent that for our organizations. [14:13] We will learn from best-practice companies in the energy and healthcare space. [14:30] Plug Time! The very first RIMS Texas Regional Conference will be held from August 4th through the 6th in San Antonio at the Henry B. González Convention Center. Public Registration is open here. [14:43] Hotel cut-off for the discounted rate is available through July 7th. The full Conference Agenda is now live, so you can start planning your experience. Don't miss the post-conference workshop, the RIMS-CRMP Exam Prep Course, available onsite. [14:59] Any chapter member can attend. Links are in this episode's show notes. [15:14] You can also visit the Events Page of RIMS.org for more information. We look forward to seeing you in Texas! [15:21 Just a month later, we will be up North for the RIMS Canada Conference 2025, from September 14th through 17th in Calgary. Registration opened today. Visit RIMSCanadaConference.CA and lock in favorable rates. We look forward to seeing you there! [15:42] Let's Return to My Interview with James Lam!  [16:00] Starting on July 16th, there will be a new course that James is leading. It's the RIMS CRO Certificate Program in Advanced Enterprise Risk Management. If you're listening to this on the week of publication, you've got about a month to register. Registration closes on July 9th. [16:22] James is one of our favorite collaborators! [16:27] James tells what led to the launch of this program. He's very excited to be partnering with RIMS! His motivation for doing this program is that he has worked in risk management for over 40 years. He has been a management consultant working with over 100 companies. [17:10] James has been an eight-time board member, chairing the risk committee, chairing the audit committee, and overseeing risk management, not day-to-day but from a board perspective. [17:22] What James wants to do in this program is to share the lessons he has learned and some of the best practices in a very practical way. He also wants to invite other risk experts to share from their different domains. James has had this idea for over three years. [17:56] He met with the RIMS board members and the Professional Development Team to talk about this. They got an agreement in place, and within a few weeks, they got the outline and the website up. James tells of the team that helped him put it together in bi-weekly meetings. [18:31] The program came together within weeks. The early registrations are above expectations. The market reception has been strong. James says this course will provide an amazing learning experience for the participants. [18:54] It's a six-module, bi-weekly course with four-hour live virtual sessions, from 10 a.m. to 2 p.m. Eastern Time, starting July 16th and running through September 24th. There will also be self-study with James's book, other articles, and research papers. [19:24] We've got the link in this episode's show notes. A brief description of each of the six modules is on the website. Module 4 is The Role of the Chief Risk Officer and Risk Appetite Statement. That's the James Lam wheelhouse! [19:44] The CRO, the risk appetite statement, and ERM will be critical topics. Other important topics are the role of the board, how risk professionals should not only serve the board but also leverage the board, and strategic decision-making. [20:13] Before the pandemic, teaching virtually was not James's favorite method. He enjoys interacting with participants. Since the pandemic, we've all learned how to learn and to teach in a virtual environment. James says we can make it dynamic and interactive, with a lot of sharing.  [22:53] James thinks they will get into individualized problem-solving. Participants can highlight challenges or opportunities they're facing. Collectively, the group will help with individualized problem-solving. [21:12] James will bring in guest speakers. He has a strong network of excellent board directors and experts with backgrounds in AI, cybersecurity, and ERM. These include former or current CROs with stories to share. He believes all that will make the program relevant and dynamic. [21:45] Plug Time! Let me tell you about the Spencer Educational Foundation. Spencer's goal to help build a talent pipeline of risk management and insurance professionals is achieved, in part, by its collaboration with risk management and insurance educators across the U.S. and Canada. [22:05] Since 2010, Spencer has awarded over $3.3 million in General Grants to support over 130 student-centered experiential learning initiatives at universities and RMI non-profits. Spencer's 2026 application process is now open through July 30th, 2025. [22:27] General Grant awardees are typically notified at the end of October. Learn more about Spencer's General Grants through the Programs tab of SpencerEd.org. Be sure to check out Spencer's Monthly Virtual Campus.  [22:41] On Thursday, June 12th, we will have Reinsurance 101, hosted by Lee Vuu, Founder and President of the MRIA. A link is in this episode's show notes. Register today! [22:53] Let's Conclude Our Interview with James Lam! [23:22] James says the future is bright. AI and risk analytics are going to change our careers and our lives. In the next five years, we're going to see some interesting dynamics with AI and we're going to have some unintended consequences. There will be risks and opportunities. [23:54] For risk professionals, being able to help our organizations and address the risks, whether it's privacy, model risks such as hallucination, or data governance, all those are going to be in our wheelhouse, and we could add a lot of value.  [24:11] James thinks AI could create opportunities to enhance enterprise risk management by tapping into structured and unstructured data and help us minimize unexpected earnings variance, optimize capital structure, and support corporate and business-level decisions. [24:47] A basic question that any AI model asks is, “What would an expert do?” What would an expert driver do in terms of an autonomous car? What would an expert doctor do in this specific situation? In risk management, the senior risk professionals and CROs are the experts. [25:12] James says the CROs have an opportunity to design the training data that would train these AI agents. They would have an impact on training these AI agents directly in terms of being part of the feedback loop. [25:32] James is very excited about where ERM is going to be in the next three to five years. AI will become a very important tool. He doesn't think it will replace risk practitioners. [25:49] The expertise, judgment, governance, and perspective that risk practitioners bring to the table will be valuable. AI will be a huge enabler. [26:11] Looking forward 10 years, James asks, using AI, how do we help with scenario planning and scenario analysis? Regarding many of the emerging and disruptive risks that we face today, we don't have a lot of data or models, so scenario analysis is going to be a critical tool. [26:48] The ultimate level of enterprise risk management would be to create a digital twin of our organization's overall risk profile, including our strategic, financial, operational, compliance, and reputational risks, and run scenarios to stress-test that system with AI. That's not far off. [27:25] James, it has been such a pleasure to reconnect with you. I have a great feeling about the RIMS CRO Certificate Program in Advanced Enterprise Risk Management. Remember, everyone, you have until July 9th, 2025, to register. Virtual seats are filling up! Check out the link! [27:43] I have a good feeling that we're going to be hearing more and seeing more from James in 2025 and beyond, here at RIMS. James, we value you very much. That's why you're here! [28:11] Special thanks again to James Lam. Register now for the RIMS CRO Certificate Program in Advanced Enterprise Risk Management. It is a bi-weekly course that starts on July 16th. Virtual seats are filling up fast, so register by July 7th. The link is in this episode's show notes. [28:32] Plug Time! You can sponsor a RIMScast episode for this, our weekly show, or a dedicated episode. Links to sponsored episodes are in the show notes. [29:00] RIMScast has a global audience of risk and insurance professionals, legal professionals, students, business leaders, C-Suite executives, and more. Let's collaborate and help you reach them! Contact pd@rims.org for more information. [29:18] Become a RIMS member and get access to the tools, thought leadership, and network you need to succeed. Visit RIMS.org/membership or email membershipdept@RIMS.org for more information. [29:35] Risk Knowledge is the RIMS searchable content library that provides relevant information for today's risk professionals. Materials include RIMS executive reports, survey findings, contributed articles, industry research, benchmarking data, and more. [29:52] For the best reporting on the profession of risk management, read Risk Management Magazine at RMMagazine.com. It is written and published by the best minds in risk management. [30:06] Justin Smulison is the Business Content Manager at RIMS. You can email Justin at Content@RIMS.org. [30:14] Thank you all for your continued support and engagement on social media channels! We appreciate all your kind words. Listen every week! Stay safe!   Links: RIMS-CRO Certificate in Advanced Enterprise Risk Management — Featuring Instructor James Lam! Register by July 7. | Bi-weekly course begins July 16. RIMS Texas Regional 2025 — August 3‒5 | Registration now open. RIMS Canada 2025 — Sept. 14‒17 | Registration now open! RIMS-Certified Risk Management Professional (RIMS-CRMP) RISK PAC | RIMS Advocacy RIMS Risk Management magazine RIMS Now The Strategic and Enterprise Risk Center Spencer Education Foundation — General Grants 2026 — Application Deadline July 30, 2025 Spencer Virtual Campus — Next Course on June 12 RIMS ERM Conference 2025 — Nov 17‒18 in Seattle! [Save the Date!] James Lam & Associates RIMS Webinars: RIMS.org/Webinars “Strategic Risk Financing in an Unstable Economy: Leveraging Technology for Efficiency and Cost Reduction” | Sponsored by Origami Risk | June 17, 2025   Upcoming RIMS-CRMP Prep Virtual Workshops: RIMS-CRMP Exam Prep Virtual Workshop — July 8‒9, 2025 | Presented by RIMS and PARIMA RIMS-CRMP-FED Exam Prep Virtual Workshop — July 17‒18 Full RIMS-CRMP Prep Course Schedule “Managing Data for ERM” | June 12 | Instructor: Pat Saporito  “Generative AI for Risk Management” | June 26 | Instructor: Pat Saporito See the full calendar of RIMS Virtual Workshops RIMS-CRMP Prep Workshops   Related RIMScast Episodes: “AI Risks and Compliance with Chris Maguire” “RIMS 2025 Risk Manager of the Year, Jennifer Pack” “ERM, Retail, and Risk with Jeff Strege” “Collateral Benefits Of Pre-Mortem Analysis” “ERMotivation with Carrie Frandsen, RIMS-CRMP” “Live from the ERM Conference 2024 in Boston!”   Sponsored RIMScast Episodes: “The New Reality of Risk Engineering: From Code Compliance to Resilience” | Sponsored by AXA XL (New!) “Change Management: AI's Role in Loss Control and Property Insurance” | Sponsored by Global Risk Consultants, a TÜV SÜD Company “Demystifying Multinational Fronting Insurance Programs” | Sponsored by Zurich “Understanding Third-Party Litigation Funding” | Sponsored by Zurich “What Risk Managers Can Learn From School Shootings” | Sponsored by Merrill Herzog “Simplifying the Challenges of OSHA Recordkeeping” | Sponsored by Medcor “Risk Management in a Changing World: A Deep Dive into AXA's 2024 Future Risks Report” | Sponsored by AXA XL “How Insurance Builds Resilience Against An Active Assailant Attack” | Sponsored by Merrill Herzog “Third-Party and Cyber Risk Management Tips” | Sponsored by Alliant “RMIS Innovation with Archer” | Sponsored by Archer “Navigating Commercial Property Risks with Captives” | Sponsored by Zurich “Breaking Down Silos: AXA XL's New Approach to Casualty Insurance” | Sponsored by AXA XL “Weathering Today's Property Claims Management Challenges” | Sponsored by AXA XL “Storm Prep 2024: The Growing Impact of Convective Storms and Hail” | Sponsored by Global Risk Consultants, a TÜV SÜD Company “Partnering Against Cyberrisk” | Sponsored by AXA XL “Harnessing the Power of Data and Analytics for Effective Risk Management” | Sponsored by Marsh “Accident Prevention — The Winning Formula For Construction and Insurance” | Sponsored by Otoos “Platinum Protection: Underwriting and Risk Engineering's Role in Protecting Commercial Properties” | Sponsored by AXA XL “Elevating RMIS — The Archer Way” | Sponsored by Archer   RIMS Publications, Content, and Links: RIMS Membership — Whether you are a new member or need to transition, be a part of the global risk management community! RIMS Virtual Workshops On-Demand Webinars RIMS-Certified Risk Management Professional (RIMS-CRMP) RISK PAC | RIMS Advocacy RIMS Strategic & Enterprise Risk Center RIMS-CRMP Stories — Featuring RIMS President Kristen Peed!   RIMS Events, Education, and Services: RIMS Risk Maturity Model®   Sponsor RIMScast: Contact sales@rims.org or pd@rims.org for more information.   Want to Learn More? Keep up with the podcast on RIMS.org, and listen on Spotify and Apple Podcasts.   Have a question or suggestion? Email: Content@rims.org.   Join the Conversation! Follow @RIMSorg on Facebook, Twitter, and LinkedIn.   About our guest: James Lam, Founder, James Lam & Associates   Production and engineering provided by Podfly.  

This week on The International Risk Podcast, Dominic Bowen is joined by Julien Haye to explore how psychological safety shapes effective risk management and strategic decision-making. In today's complex, fast-moving environment, fear and silence can be hidden risk factors that undermine resilience, innovation, and performance. Julien explains how cultures of fear derail traditional risk programs, why disagreement is essential for good governance, and how organizations can foster accountability while embracing intelligent risk-taking.Drawing on his experience as  Chief Risk Officer and his new book The Risk Within, Julien unpacks the evolving role of risk leaders, how organizations can detect cultural blind spots, and why psychological safety must be embedded into business strategies. From corporate boardrooms to global financial institutions, this episode offers insights on how to build resilient, self-aware teams and turn risk into a strategic advantage.Julien Haye is the founder of Aevitium Ltd and author of The Risk Within. With over 26 years of global experience in financial services, he has led major transformations of risk and compliance functions, served as Chief Risk Officer at DWS and Fidelity International.Get Julien's new book: The Risk Within: Cultivating Psychological Safety for Strategic Decision-MakingThe International Risk Podcast is a must-listen for senior executives, board members, and risk advisors who need more than headlines. Each week, Dominic Bowen cuts through the noise to bring you unfiltered insights on emerging risks, geopolitics, international relations flashpoints, boardroom blind spots, and strategic opportunities. Hosted by Dominic Bowen, Head of Strategic Advisory at one of Europe's top risk consulting firms, The International Risk Podcast brings together global experts to share insights and actionable strategies from the people who have been there, done it, and shaped outcomes at the highest levels.Dominic's 25 years of experience managing complex operations in high-risk environments, combined with his role as a public speaker and university lecturer, make him uniquely positioned to guide these conversations. From conflict zones to corporate boardrooms, he explores the risks shaping our world and how organisations can navigate them. Whether he is speaking with intelligence operatives, CEOs, political advisors, or analysts, Dominic helps leaders gain competitive advantage through these conversations.The International Risk Podcast – Reducing risk by increasing knowledge. Follow us on LinkedIn  and Instagram for all our great updates.Subscribe to our newsletter for weekly briefs.Tell us what you liked!

En entrevista para MVS Noticias con Luis Cárdenas, Fernando Garza, Chief Risk Officer de Engen Capital, habló sobre el valor agregado del leasing operativo.See omnystudio.com/listener for privacy information.

In this episode of the Risk Management show podcast, we explore key insights from the 2025 Compliance Trends report with Ty Francis, Chief Advisory Officer at LRN Corporation. With over 20 years of experience in ethics and compliance, Ty shares groundbreaking findings from the annual Ethics and Compliance Program Effectiveness Report, revealing critical benchmarking gaps, generational divides, and new strategies for building resilient, high-impact compliance programs. We discuss actionable takeaways, including how high-impact programs leverage data analytics and automation to manage compliance effectively, the widening gap between senior leadership and middle management, and the role of generational attitudes in shaping workplace ethics. Ty also emphasizes the importance of empowering middle management, fostering organizational justice, and utilizing data-driven tools to allocate resources more efficiently. Whether you're a Chief Risk Officer or someone passionate about Risk Management, Cyber Security, and Sustainability, this conversation offers invaluable perspectives to strengthen your organization's ethical foundation. If you want to be our guest or suggest someone for the show, send your email to info@globalriskconsult.com with the subject line “Podcast Guest Proposal.”

Frank Melaccio, Vice President, Finance & Treasurer at Horizon Blue Cross Blue Shield of New Jersey, reveals how this mindset propelled his career from banking to executive leadership - and why it could do the same for you.Frank Melaccio is Vice President of Finance and Treasurer at Horizon Blue Cross Blue Shield of New Jersey, one of the United States' largest and oldest health insurers. With a career spanning banking, Big Four consulting, and health insurance, Frank brings a wealth of insight into strategic treasury, risk management, and the future of finance. He's also an adjunct professor at Hofstra University's Frank G. Zarb School of Business and a passionate advocate for continual learning and professional development.Frank holds an MBA in finance from Hofstra University and a BS in both finance and economics from Fordham University. He's also a Chartered Financial Analyst (CFA), Certified Public Accountant (CPA), and a Certified Financial Risk Manager (FRM).Main topics discussed:Franks career journey: from commuting into Manhattan and dreaming of Wall Street to rising through regional banks and transitioning to health insurance.Frank's move from consulting at PwC during the financial crisis to leading treasury at a health insurer.Building ORSA models and becoming Chief Risk Officer in response to regulatory changes.Franks thoughts on CTP, CFA, CPA, and FRM - how to choose the right one for your path.The importance of team building and how leadership evolves with responsibility.Leveraging AI, coding, RPA, and treasury management systems to modernize and streamline processes.How teaching derivatives and healthcare finance keeps Frank sharp and benefits his corporate leadership.The power of adaptability, planning your path, and the dangers of chasing money over opportunity.You can connect with Frank Melaccio on LinkedIn. ---

Executives are increasingly becoming top targets in the world of deep fake threats and AI-powered cyber security risks. In this episode, we explore why high-trust leaders, such as those in finance and legal roles, are especially vulnerable to these evolving threats. Our guest, Joshua McKenty, CEO of Polyguard and former Chief Cloud Architect at NASA, shares his expert insights into the rapid advancements of deep fake technology and the risks it poses to executives and organizations alike. We discussed real-world case studies, including a $25 million fraud in Hong Kong, the psychological tactics behind synthetic fraud attacks, and the urgent need for organizations to rethink risk management strategies. Joshua emphasizes proactive measures to defend against these threats, touching on critical habits for executives to adopt and why traditional training methods may no longer be sufficient. If you're passionate about cyber security, risk management, and sustainability, or if you're a Chief Risk Officer looking to stay ahead of emerging threats, this episode is packed with actionable insights and expert advice. If you want to be our guest or suggest a guest, send your email to info@globalriskconsult.com with the subject line: "Guest Proposal."

In this episode, Sean Martin speaks with Richard Seiersen, Chief Risk Technology Officer at Qualys, about a new way to think about cybersecurity—one that puts value and business resilience at the center, not just threats.Richard shares the thinking behind Qualys' Risk Operations Center, a new approach that responds directly to a common pain point: organizations struggling to manage vast amounts of telemetry from dozens of security tools without clear direction on how to act. Instead of forcing companies to build and maintain massive internal platforms just to piece together asset, vulnerability, and threat data, Qualys is creating a system to operationalize risk as a real-time, measurable business function.With a background that includes serving as Chief Risk Officer at a cyber insurance firm and co-authoring foundational books like How to Measure Anything in Cybersecurity Risk and The Metrics Manifesto, Richard frames the conversation in practical business terms. He emphasizes that success is not just about detecting threats, but about understanding where value exists in the business, and how to protect it efficiently.From Security Operations to Risk OperationsWhile a traditional SOC focuses on attack surface and compromise detection, the Risk Operations Center is designed to understand, prioritize, and mitigate value at risk. Richard describes how this involves normalizing data across environments, connecting asset identities—including ephemeral and composite digital assets—and aligning technical activity to business impact.The Risk Operations Center enables teams to think in terms of risk surface, not just threat surface, by giving security leaders visibility into what matters most—and the tools to act accordingly. And importantly, it does so without increasing headcount.A CISO's Role in the Business of RiskRichard challenges security leaders to break away from purely tactical work and lean into business alignment. He argues that boards want CISOs who think strategically—who can talk about capital reserves, residual risk, and how mitigation and transfer can be measured against business outcomes. In his words, “A successful business is in the business of exposing more value to more people… security must understand and support that mission.”This episode is packed with ideas worth listening to and sharing. What would your version of a Risk Operations Center look like?Learn more about Qualys: https://itspm.ag/qualys-908446Note: This story contains promotional content. Learn more.Guest: Rich Seiersen, Chief Risk Technology Officer, Qualys | https://www.linkedin.com/in/richardseiersen/ResourcesLearn more and catch more stories from Qualys: https://www.itspmagazine.com/directory/qualysLearn more and catch more stories from RSA Conference 2025 coverage: https://www.itspmagazine.com/rsac25______________________Keywords:sean martin, richard seiersen, risk, cybersecurity, data, resilience, telemetry, automation, ciso, soc, brand story, brand marketing, marketing podcast, brand story podcast______________________Catch all of our event coverage: https://www.itspmagazine.com/technology-and-cybersecurity-conference-coverageWant to tell your Brand Story Briefing as part of our event coverage? Learn More 

In this episode of Global Risk Community Chat, we discuss critical cybersecurity tips for risk managers to help you avoid devastating losses like $850,000 due to cyber threats. Mark Bassingthwaighte, National Risk Manager at ALPS Corporation, shares his 27+ years of expertise, focusing on protecting businesses from sophisticated cyberattacks, including business email compromise, wire fraud, and the impact of AI-driven scams. Mark highlights actionable strategies such as mandatory social engineering awareness training, out-of-band communication for verification, and securing home networks for hybrid work environments. Whether you're a risk manager, Chief Risk Officer, or simply looking to strengthen your business's cybersecurity, this episode is packed with practical advice to safeguard your organization. If you want to be our guest or suggest a guest, send your email to info@globalriskconsult.com with the subject line "Guest Proposal."

In this episode, I'm joined by Marco Nutini, former Chief Risk Officer at Embraer and the mind behind RiskLeap.com.Marco highlights how AI is revolutionizing risk management, moving from isolated risk assessments to contextual, decision-focused auditing. Marco shares his innovative course and toolset for building contextual knowledge graphs.

In this episode, we discussed leadership tips for managing cyber threats in business with John D. Marvin, the President and CEO of Texas State Optical. With over two decades of experience growing TSO into a top 10 retail optical organization in the U.S. John shared invaluable insights on risk management, cybersecurity, and building a successful franchise network. He delved into the importance of customer-centric leadership, robust cybersecurity protocols, and the risks of operational vulnerabilities like website integrations and data breaches. If you're a Chief Risk Officer, business leader, or interested in sustainability and cybersecurity, this episode is packed with actionable strategies to protect your business assets. John also emphasized the role of ongoing training, compliance with federal privacy laws, and the need for proactive measures to prevent ransomware threats. If you want to be our guest or suggest a guest, send your email to info@globalriskconsult.com with the subject line "Podcast Guest Inquiry." Stay tuned for more expert discussions on risk management and cybersecurity.

This episode features the first panel session of the day at our Artemis ILS NYC 2025 conference, which was held on February 7th in New York City. ILS NYC 2025 was Artemis' eighth catastrophe bond and insurance-linked securities (ILS) conference held in-person in New York and saw , more than 425 registered attendees enjoying insightful debates from our expert speakers, as well as valuable networking opportunities throughout the day. Attendees from across the globe assembled to hear thought-provoking insights from insurance-linked securities (ILS) market leaders, all under the theme of "Capturing opportunities (established & new)." Our first episode from the ILS NYC 2025 conference features the first panel discussion of the day, which was focused on the collateralized reinsurance and retrocession side of the market, titled: Private ILS strategies, primed for expansion and growth? The panel discussion was moderated by Lorenzo Volpi, Deputy CEO, Managing Partner, Leadenhall Capital Partners LLP.. He was joined by: Eveline Takken-Somers, Senior Director, Lead Portfolio Manager - Insurance Portfolio, PGGM; Mark Booth, Chief Risk Officer, Vantage Risk; George Evans, Managing Director, Relative Value Sector Head, Aksia LLC; and Aditya Dutt, President, Aeolus Capital Management. Panellists discussed the attractiveness of the private ILS and collateralized reinsurance market today, explaining that in response inflows have been increasing. The last two years of returns have demonstrated the return-potential of private ILS investments, while investors continue to find it an attractive and diversifying source of returns. Speakers also explored the critical issues of pricing, terms, and conditions reflecting the true risk profile, and the need for better risk modelling and data. Also discussed was the expansion of the investor-base, with increasing flows  from multi-strats and hedge funds, plus the importance of structural efficiencies in the ILS market, so investors can deploy capital and earn sustainable returns over the long-term. Listen to the full podcast episode of this private ILS focused panel discussion at ILS NYC 2025, for unique insights into developments in the private and collateralized side of reinsurance investments, how large institutional allocators are viewing the opportunity in this market segment, as well as the thoughts of ILS managers offering those private ILS fund opportunities.

In this episode of the Risk Management Show, we debunk common bug bounty myths and explore what risk managers need to know to enhance their cyber security strategies. Joining us is Will Kapcio, Sales Engineer Manager at HackerOne, the world leader in hacker-powered security. Will shares expert insights into the realities of bug bounty programs, how private initiatives often outperform public ones, and the critical role they play in identifying vulnerabilities that evade traditional testing methods. We also discuss the findings of HackerOne's latest Hacker-Powered Security Report, including the top vulnerabilities organizations still struggle with, the impact of AI on both attackers and defenders, and practical advice for launching and scaling a successful bug bounty program. Whether you're a Chief Risk Officer, cyber security professional, or simply interested in the intersection of risk management and sustainability, this episode is packed with actionable insights. If you want to be our guest or suggest a guest, send your email to info@globalriskconsult.com with the subject line "Guest Proposal." Don't miss this invaluable di

Dive into the extensive experience, background and knowledge of a 25-year veteran of the Risk industry. Learn from author and former Chief Risk Officer Jennifer Geary as she gives a 60-minute taster of her new online course, “How to be a Chief Risk Officer”. WHAT YOU'LL LEARN The personality traits of a good CRO – and some red flags too. How Culture, Strategy and Execution underpin the CRO role. The pyramid of risks and the top 20 risks facing most organisations. How to go from Good to Great in risk management.

Explore how AI is transforming the Governance, Risk, and Compliance (GRC) landscape in this insightful episode featuring Raghuram Srinivas, Head of Products and Innovation at MetricStream. We discuss the critical risks and opportunities AI presents in GRC, ethical considerations like bias and data privacy, and the future of risk management in an AI-driven world. Gain valuable insights into navigating AI regulations, the evolving role of human oversight, and the skills essential for professionals to thrive in this changing landscape. Raghuram shares his extensive experience in Risk Management, Cyber Security, and Sustainability, offering actionable strategies for businesses to implement AI responsibly while enhancing efficiency and decision-making. If you're a Chief Risk Officer or a professional looking to stay ahead in the GRC space, this conversation is a must-watch. If you want to be our guest or suggest a guest, send your email to info@globalriskconsult.com with the subject line “Podcast Guest Suggestion.” Don't miss this opportunity to stay informed and inspired by leading experts in the field.

In this episode, Jamison is joined by Chris Reed, Chief Risk Officer and General Counsel for the Nonprofits Insurance Alliance. With more than 27,000 members in 32 states, the NIA's goal is to provide nonprofits with access to a stable source of fair and equitably priced property and liability insurance.  Currently, nonprofits can pool liability risk across state lines, but that ability does not yet exist for property insurance. The NIA is advocating for legislation that would bring a resolution to this problem. To learn more about NIA's legislative advocacy, click here.

AI Security in High-Risk Sectors In a recent conversation, Alec and I dove into the critical role of AI security, especially in high-risk sectors like healthcare and banking. Alec stressed that AI must be secure and aligned with business strategies while ensuring governance, risk management, regulatory compliance, and cybersecurity remain top priorities. I couldn't agree more—AI in the wrong hands or without proper safeguards is a ticking time bomb. Sensitive data needs protection, and businesses must stay ahead of evolving regulations. We also touched on the growing need for private AI solutions, given the rising threats of cyberattacks like prompt injections. Cybersecurity and AI in Organizations Our discussion expanded into cybersecurity and AI adoption within organizations. Unvetted AI solutions pose significant risks, making internal development and continuous monitoring essential. Alec's company, Artificial Intelligence Risk, Inc., deploys private AI within clients' firewalls, reinforcing security through governance and compliance measures. One key takeaway? Awareness is everything. Many organizations jump into AI without securing their systems first. I was particularly interested in the “aha moments” Alec's clients experience when they see AI-driven security solutions in action. AI Governance and Confidentiality Concerns Alec shared a governance issue where a company implemented Microsoft Copilot—only to discover it unintentionally exposed confidential employee data. This highlighted a major concern: AI needs strict guardrails. Alec advocated for a “belt and suspenders” approach—limiting system access, assigning AI agents to specific groups, and avoiding over-reliance on super users who could inadvertently misuse AI. The lesson? AI governance isn't optional; it's a necessity. AI Applications in Call Centers AI's potential spans across industries, and call centers are a prime example. Alec described a client who leveraged AI to analyze 150,000 call transcripts, leading to a 30% reduction in call length and an additional 30% drop in overall call volume—all thanks to AI-driven website improvements. Beyond customer service, AI is making waves in investment research, analyzing earnings calls and regulatory filings. I even shared a fun hypothetical—using AI to predict the Toronto Blue Jays' performance—proving that AI's applications go beyond business into fields like sports analytics. AI Adoption, Security, and Privacy Wrapping up, Alec and I discussed the double-edged sword of AI adoption. While AI presents massive opportunities, it also comes with security, ethical, and privacy risks. Alec emphasized the need for strong leadership in AI implementation, ensuring data quality remains a top priority. I pointed out that the fear of missing out (FOMO) on AI can lead companies to make reckless decisions—often at the cost of security. Alec's company specializes in AI security solutions that safeguard against data breaches and attacks on Large Language Models, reinforcing the importance of a strategic, security-first approach to AI adoption.   Alec Crawford is Founder & CEO of Artificial Intelligence Risk, Inc., a company that accelerates enterprise Gen AI adoption - safely. He has been working with AI since the 1980's when he built neutral networks from scratch for his Harvard senior thesis. He is a thought leader for Gen AI with a blog at aicrisk.com and podcast called AI Risk Reward. He has more than 30 years of experience on Wall Street with his last role being Partner and Chief Risk Officer for Investments at Lord Abbett. linkedin.com/in/aleccrawford Our Story Dedicated to shaping the future.   At AI Risk, Inc., we are dedicated to shaping the future of AI governance, risk management, and compliance. With AI poised to become a cornerstone of business operations, we recognize the need for software solutions that ensure its safety, reliability, and regulatory adherence. Learn more Our Journey ​ Founded in response to the burgeoning adoption of AI without proper safeguards, AI Risk, Inc. seeks to pioneer a new era of responsible AI usage. Our platform, AIR GRCC, empowers companies to manage AI effectively, mitigating risks and ensuring regulatory compliance across all AI models. ​ Why Choose AI Risk, Inc.? ​ Comprehensive Solutions: We offer an all-encompassing platform for AI governance, risk management, regulatory compliance, and cybersecurity. Expertise: With extensive experience across industries and global regulations, we provide tailored solutions to meet diverse business needs. Futureproofing: As AI regulations evolve, our platform remains updated and adaptable, ensuring businesses stay ahead of compliance requirements. Cybersecurity Focus: Recognizing the unique challenges of AI cybersecurity, we provide cutting-edge solutions to protect against threats and ensure data integrity. ​​ Get Started with AI Risk, Inc. ​ Whether you're a large corporation or a budding startup, AI Risk, Inc. is your partner in navigating the complexities of AI implementation securely and responsibly. Join us in shaping a future where AI drives innovation without compromising integrity or security.

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Today's guest is Roenen Ben-Ami, Co-founder and Chief Risk Officer of Justt. Justt is an AI-driven tech company whose platform helps retail leaders and merchants reduce loss from chargebacks with automation and friendly fraud prevention. Roenen joins us on today's podcast to break down the complexities of chargebacks and how AI-driven automation can help merchants recover lost funds at scale. Together with Emerj Managing Editor Matthew DeMello, Roenen helps explain the "guilty until proven innocent" nature of chargebacks, the rise of friendly fraud, and why merchants often leave money on the table due to inefficiencies in the dispute process. He details how Justt's proprietary approach—leveraging data enrichment, dynamic arguments, and automation—creates tailored chargeback responses that maximize win rates while reducing manual effort. This episode is sponsored by Justt. Learn how brands work with Emerj and other Emerj Media options at emerj.com/ad1.

“In a ransomware attack, your first priority is to get your infected devices off the network. We needed to make it dead simple for staff to know immediately what to do. So we made a code for a ransomware attack: code DARK.” Rebecca Cady, Vice President and Chief Risk Officer at Children's National Hospital in Washington, D.C. joins us to discuss how healthcare staff can be the first line of defense against cyber attacks. Rebecca shares insights on: Why cyber insurance coverage is essential in healthcare today How risk management and insurance teams can collaborate Staying operational through a hospital ransomware event Minimizing cyberattack damage across the health system Find Rebecca's work at: https://www.childrensnational.org Subscribe and stay at the forefront of the digital healthcare revolution. Watch the full video on YouTube @TheDigitalHealthcareExperience The Digital Healthcare Experience is a hub to connect healthcare leaders and tech enthusiasts. Powered by Taylor Healthcare, this podcast is your gateway to the latest trends and breakthroughs in digital health. Learn more at taylor.com/digital-healthcare About Us: Taylor Healthcare empowers healthcare organizations to thrive in the digital world. Our technology streamlines critical workflows such as procedural & surgical informed consent with patented mobile signature capture, ransomware downtime mitigation, contactless patient check-in and more. Learn more at taylor.com/healthcare/imedhealth   The Digital Healthcare Experience Podcast: Powered by Taylor Healthcare Produced by Naomi Schwimmer  Hosted by Chris Civitarese Edited by Eli Banks Music by Nicholas Bach  

EPISODE SUMMARY Join scientist and mindset & high-performance coach Claudia Garbutt and cybersecurity expert Alec Crawford as they discuss the potential & risks of AI.   In this episode, we talk about: - Cybersecurity & Generative AI - AGI & Quantum Computing - Future-proofing companies   EPISODE NOTES Alec Crawford is the Founder & CEO of Artificial Intelligence Risk, Inc., a company that accelerates enterprise Gen AI adoption - safely.   He is a thought leader for Gen AI with a blog at aicrisk.com and podcast called AI Risk Reward. He has more than 30 years of experience on Wall Street with his last role being Partner and Chief Risk Officer for Investments at Lord Abbett.   Links: www.aicrisk.com https://www.linkedin.com/in/aleccrawford/   ------- Special THANKS to the episode sponsor L-Nutra!   For nutrition technology that was designed for longevity, like the plant-based L-Protein I mentioned, head over to prolonlife.com/wired   ------------   Click this link to listen on your favorite podcast player and if you enjoy the show, please leave a rating & review: https://linktr.ee/wiredforsuccess ------------------   Music credit: Vittoro by Blue Dot Sessions (www.sessions.blue)   -----------------   Disclaimer: Podcast Episodes might contain sponsored content.    

Check out this episode from the BSW Vault, hand picked by main host Matt Alderman! This segment was originally published on January 3, 2023. With the current macro economic head winds, 2023 budgets are either frozen or are flat. Where should CISOs focus these limited budgets to maximize the most out of their security program? In this segment, we invite Jon Fredrickson, Chief Risk Officer at Blue Cross Blue Shield of Rhode Island, to debate what should be in your minimum viable security program. This segment is part 2 and focuses on the minimum viable security vendors for our top 6 capabilities: Asset Management Patch Management IAM/MFA/PIM/PAM EDR/MDR/XDR Backup/Recovery Risk Management Show Notes: https://securityweekly.com/vault-bsw-16

Check out this episode from the BSW Vault, hand picked by main host Matt Alderman! This segment was originally published on January 3, 2023. With the current macro economic head winds, 2023 budgets are either frozen or are flat. Where should CISOs focus these limited budgets to maximize the most out of their security program? In this segment, we invite Jon Fredrickson, Chief Risk Officer at Blue Cross Blue Shield of Rhode Island, to debate what should be in your minimum viable security program. This segment is part 1 of 2 parts and focuses on the minimum viable security capabilities. Show Notes: https://securityweekly.com/vault-bsw-15

Rob and Johnny are joined by Matt Metcalf, the former Sportsbook Director of Circa Sports and now the Chief Risk Officer at Mojo. Matt played a key role in shaping the sportsbook industry as we know it and tells all in this in depth interview which dives behind the scenes of the Circa trading room. Looking to beat the player prop market? Betstamp Pro saves you time and resources by highlighting edges across real-time sportsbook feeds. Leverage the most efficient true line in the industry and discover why Betstamp Pro is essential for top-down bettors.  To preserve edges, only a limited number of spots are available to purchase Betstamp Pro. Don't wait — apply for your free 1-on-1 product demo at betstamp.com/circlesoff  Make sure to subscribe to the Circles Off YouTube channel for more strategic betting content and drop a like/rate five stars if you enjoyed Matthew Trenhaile episode 1 ➡️ https://youtu.be/fAYrhzaiMiM Matthew Trenhaile episode 2 ➡️ https://youtu.be/U4ucta32frs On Twitter: Follow CirclesOff - https://twitter.com/CirclesOffHQ Follow Rob - https://twitter.com/RobPizzola Follow The Hammer - https://twitter.com/TheHammerHQ Follow Jacob - https://twitter.com/jacob_gramegna Follow Matt - https://x.com/MMpact 0:00 – Circles Off Ep 184 1:49 –Matt Metcalf's exposure to betting 7:53 – Pivoting to bookmaking 11:16 - Mentors in the space 13:42 – Charles Barkley betting story 16:01 – Matt's approach to bookmaking 20:18 - Diversifying market options 24:45 - Price discovery and what it means 29:03 - getting specific with profiling 33:47 – NBA vs NFL handle 35:06 - Betting on uncertainty 33:53 - Playing offense as a bookmaker 40:30 – The reason that lines move 42:34 – Creating “chaos” as a bookmaker 44:48 - Who can beat the Circa market? 50:33 - Does Circa limit liability? 52:03 - Game day moves that consistently lose 56:07 - How far you need to be willing to move a line 1:00:39 - The overlap between trading and marketing 1:07:57 - Would you limit this bettor? 1:24:14 - When Matt would actually limit a bettor 1:29:08 – Where sportsbooks are most vulnerable 1:31:57 – The power of same game parlays 1:36:57 - Building the ideal book 1:43:42 - What's the “right side” to be on? 1:47:43 - +EV and -EV 2:05:21 - Advice to yourself 5 years ago If you want more from Rob Pizzola, Jacob Gramegna, and Johnny, check out the rest of their content on www.thehammer.bet NFL, NHL, NBA, MLB, and so much more from some of the biggest content creators in the sports betting space. Whether it be strategies, picks, reactions, previews, or picks... we've got it all. #SportsBetting #Betting #betstamp #bettingtips #bettingstrategy #bettingstrategies #bettingadvice #gambling Circles Off podcast is an entertainment podcast. The opinions expressed in the podcast are for the purpose of discussion in the area of sports betting, online gaming and other like markets. Circles Off podcast does not condone unlawful or illegal activity, and if you are unsure of the laws in your jurisdiction surrounding these markets, please seek the appropriate legal advice about strategies that you intend to implement. Please gamble responsibly. Learn more about your ad choices. Visit megaphone.fm/adchoices