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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!
From cyber threats and regulatory shake-ups to reputational landmines and climate risks, organisations are facing a complex web of challenges that demand more than traditional risk management. But how exactly is the role of a Chief Risk Officer evolving? And what does it reveal about the future of business? Ashley Wallace, Managing Director, Head of Financial Services, Asia Pacific at Russell Reynolds Associates joins the Breakfast Show to discuss how CROs are driving enterprise-wide resilience, influencing C-suite strategy, and preparing organisations for what’s next.See omnystudio.com/listener for privacy information.
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
On 13 February 2025 BX Digital hosted a virtual seminar that addressed the question: “Token markets need liquidity: Where will they get it from?” The importance of the topic is obvious. A market in which assets can be bought and sold quickly without moving the price is bound to grow more quickly than one in which assets can be bought and sold slowly, if at all, and only by moving the price in an adverse direction. By this criterion, the cryptocurrency markets, let alone the tokenised asset markets, lack sufficient liquidity.The conventional solution is to attract more issuers and investors. Unfortunately, it is fallacious. The experience of traditional markets shows that liquidity is not generated sufficiently by buyers and sellers alone. Furthermore, liquidity must be manufactured by market-makers, lead brokers, securities dealers, inter-broker dealers, exchanges and trading venues, banks, investment banks, and principal and high frequency trading firms. Yet blockchain was invented precisely to get rid of intermediaries such as these. So the purpose of the discussion hosted by BX Digital was to test whether blockchain-based finance can indeed scale without intermediaries, whether tokenisation can make the generation of liquidity more efficient and what exchanges can do to encourage the growth of liquidity.The seminar, held in conjunction with Future of Finance, attracted 116 registrants. They heard Lidia Kurt, CEO of BX Digital, Michael J. Cyrus, Head of Short-Term Products, Equity Finance & FX at DekaBank, Mike Reed, Head of Partnership Development for Digital Assets at Franklin Templeton, Jasmine Burgess, Chief Risk Officer at Coinbase Asset Management, and Lloyd Wahed, Founder and CEO at Members Capital Management, discuss the question from a variety of angles. The registrants contributed to the discussion by completing an on-line poll. Hosted on Acast. See acast.com/privacy for more information.
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.
Artemis Live - Insurance-linked securities (ILS), catastrophe bonds (cat bonds), reinsurance
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.
Welcome to RIMScast. Your host is Justin Smulison, Business Content Manager at RIMS, the Risk and Insurance Management Society. Our guest, Kristen Peed, is the Chief Risk Officer of Sequoia, and RIMS 2025 President. Kristen was recently promoted to Chief Risk Officer. She tells about that role and how it differs from her other risk roles. Kristen speaks of a few of the risks to organizations today. She shares two stories of mentorship from her past and her efforts to provide mentorship today. Kristen shares thoughts about the evolving role of the risk manager and her pathway to the C-Suite for a seat at the table. She discusses the legislative summit, the topic of third-party-funded litigation, and the need for transparency and regulation. Justin and Kristen discuss how every day is a brand new day for RIMS, what will be celebrated at RISKWORLD 2025, and a couple of new RIMS initiatives you can expect to learn about there. Kristen shares her gratitude to all the RIMS volunteers who make her job as 2025 president possible. Listen for Kristen's career advancement advice and her final suggestion for growth. Key Takeaways: [:01] About RIMS and RIMScast. [:14] Public registration is open for RISKWORLD 2025! Engage Today and Embrace Tomorrow with RIMS at RISKWORLD from May 4th through May 7th in Chicago, Illinois. Register at RIMS.org/RISKWORLD and the link in this episode's show notes. [:31] About this episode of RIMScast. We will be joined by RIMS President Kristen Peed. [:48] RIMS-CRMP Workshops! The next workshop will be March 19th and 20th. Register by March 12th. As part of our continuing strategic partnership with Purima, we have a two-day course coming up on April 22nd and 23rd. [1:03] Links to these courses can be found through the Certification page of RIMS.org and this episode's show notes. [1:10] Virtual Workshops! On March 26th, Pat Saporito will host “Generative AI for Risk Management”. [1:18] On April 16th and 17th, Chris Hansen will lead “Managing Worker Compensation, Employer's Liability, and Employment Practices in the U.S.”. [1:31] 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. [1:40] RISKWORLD registration is open. Engage Today and Embrace Tomorrow, May 4th through 7th in Chicago. Register at RIMS.org/RISKWORLD. Also, remember there will be lots of pre-conference workshops being held in Chicago just ahead of RISKWORLD. [1:57] These courses include “Applying and Integrating ERM,” “Captives as an Alternate Risk Financing Technique,” “Contractual Risk Transfer,” “Fundamentals of Insurance,” “Fundamentals of Risk Management,” RIMS-CRMP Exam Prep, and more! Links are in the show notes. [2:17] Our guest today is the Chief Risk Officer at Sequoia and the RIMS 2025 President, Kristen Peed. We're going to talk about her risk management career journey, what it took for her to ascend to the level of Chief Risk Officer, and what that means for her organization. [2:38] We will also talk about the power of mentorship, networking, and what's in store for us at RISKWORLD 2025 and throughout the year as we celebrate the 75th anniversary of RIMS. [2:50] Interview! RIMS 2025 President, Kristen Peed, welcome to RIMScast! [3:07] This is Kristen's eighth year on the RIMS Board. It's been an amazing journey! Most of her best friends are RIMS staff members or RIMS members, all over the globe. RIMS is a huge part of her life! Justin joined RIMS almost eight years ago. They have known each other for years. [3:33] Justin shares a memory with Kristen in Halifax. Kristen took part in an impromptu presentation, in the role of a petulant child. [4:06] Kristen wears sneakers; she has branded herself as the sneaker queen. She has stopped counting how many pairs of sneakers she has. [4:34] This year is the 75th anniversary of RIMS. There is a big RISKWORLD in May; its theme is Engage Today and Embrace Tomorrow with RIMS. [4:54] Kristen Peed was recently promoted to Chief Risk Officer of Sequoia. Sequoia has ambitious growth goals, which is one of the reasons Kristen joined it. In her new role, Kristen has oversight of all corporate risks. [5:27] These include enterprise risks, IT risks, security risks, property & casualty risks, and E&O risks. It's overarching. [5:46] Kristen sees there has been a slow transition for risk managers in general, from a transactional, procurement role to a strategic role, where they see opportunities with risk. Where they see places where they can offer value and insight. [6:07] Sequoia is a client-based company. Clients are reaching out to Kristen for help dealing with deep-fake interviews. Kristen looked to the RIMS Board of Directors and Cherise Papadopolo, RIMS VP of DEI, People, & Culture, and got some helpful HR information. [6:48] Kristen was able to provide strategic advice to a Sequoia client's Chief People Officer. It's a perfect example of how RIMS helps risk managers to be viewed as strategic. The RIMS community is part of the reason Kristen was able to take on the role of Chief Risk Officer. [7:13] The role is something Kristen has been preparing for ever since she started as a risk analyst. Every step has been more of a strategic and leadership role rather than being in the weeds doing stuff. The Chief Risk Officer helps navigate and chart the map for the “captain.” [7:55] Kristen's career advancement came both from having a plan and from being seen for her hard work. She has learned to ask for things more. She was fortunate to have some success early in her career and capitalized on it. A new boss provided amazing mentorship for Kristen. [8:41] She asked, “What's the next role for Kristen?” Kristen realized she would like to be considered for a Chief Risk Officer role. Kristen's boss understood her value and wanted to make sure she felt appreciated. Six months later, Kristen was offered the role if she wanted to take it. [9:45] Part of it is making your leadership aware that these titles exist, showing your value, and asking for it. [10:05] One of Kristen's early successes at Sequoia involved using her RIMS network to put together a presentation on using surplus funds from the captive PEO insurer to fuel additional risk management activities. Leadership was excited and Kristen implemented it right away. [11:03] Another success was the consolidation of insurance programs. Sequoia had grown quickly and had renewal dates in different places. Kristen showed her market savvy and leveraged her relationships with carriers to bring down some initial premium costs. [12:00] Kristen says that putting the C-level title on a risk officer differentiates it. When she partners with the CISO or the Chief Data Officer, they are on equal footing. The C-level carries more weight. It also helps carriers in the marketplace see her as being in company leadership. [12:42] When Kristen meets with underwriters and carriers, they have a greater sense of comfort knowing she has a seat at the table and understands the direction of the company and how to mitigate against risk before it hits insurance. [13:01] Plug Time! RIMS Webinars! On March 13th, our friends from Global Risk Consultants will return to discuss “How to Make Your Property Insurance Submission AI-Ready”. [13:15] On Wednesday, March 26th at 2:00 p.m. Eastern Time, members of the RIMS Strategic and Enterprise Risk Management Council will extend the dialog that began in the recent RIMS Executive Report “Understanding Interconnected Risks”. [13:30] On Thursday, March 27th, Descartes Underwriting will make its RIMS Webinar debut with a session about parametric insurance. On April 3rd, join Zurich for “Understanding Third-Party Litigation Funding”. [13:43] On April 10th, Audit Board will present, “What CISOs Want Risk Executives to Know About Cyber Risk in 2025”. [13:51] Following the success of their recent webinar, HUB International returns for the next installment of their Ready for Tomorrow Series, “From Defense to Prevention: Strengthening Your Liability Risk Management Approach”. That session will be on April 17th. [14:07] On April 24th, RiskConnect returns to deliver “Better Together: The Marriage of Insurable Risk and Business Continuity”. [14:40] More webinars will be announced soon and added to the RIMS.org/webinars page. Go there to register. Registration is complimentary for RIMS members. [14:26] Let's Return to Our Interview with RIMS 2025 President Kristen Peed! [14:37] As a follow-up to the RIMScast episode with Mark Prysock on RIMS's legislative priorities, Kristen talks about third-party-funded litigation. It affects risk managers, carriers, and brokers because of premium pricing. [15:06] It's necessary to have transparency around third-party-funded litigation and eliminate the ability of foreign entities to fund and profit from it. The concern is around nuclear verdicts that are detrimental to the industry as a whole. [15:39] Nuclear verdicts will impact pricing, not only for that one company but for all risk managers. These verdicts are not sustainable. We need transparency. We want Congress to act upon this. We can all get behind this. Kristen doesn't think this is a partisan issue. [15:58] Being able to partner with our carriers and brokers to have a strong message on the Hill is critical to the success and continuation of our industry. [16:08] Time and money are finite resources. There is no bottomless pit of money. [16:30] Kristen will soon be going to Capitol Hill with fellow risk practitioners for the RIMS Legislative Summit. [16:43] Kristen got involved in legislative advocacy after getting a mailer for the Legislative Summit. She attended and met the staff, including Robert Cartwright. She saw It was an amazing platform for risk managers to have their voices heard by the people they elect. [17:17] The RIMS Legislative Summit is one of Kristen's favorite annual events. It can be so impactful to the community as a whole. It will be March 19th and 20th. This is your last chance to register for it. Prepare for the trip to D.C. [17:54] March is Women's History Month. Kristen says she was lucky to have some key female leaders placed in her life at critical moments, that helped her down this path. [18:15] At CBIZ, Nancy Mallard was the GC for CBIZ's Benefits and Insurance Division. She was the first female chair of the CIAB (The Council). Kristen saw Nancy's leadership throughout the years in the industry. Kristen used her great example to figure out how to get involved at RIMS. [19:15] Kristen's new boss, Kathy Ross, is amazing. She's been a great advocate for Kristen and it has been awesome to learn from her how to elevate her leadership skills. Kristen feels blessed to have had these two impactful women in her life. [19:47] Sequoia's culture is paramount to its people. One of its service commandments is “Be of extraordinary value to others.” Sequoia's mission is “Coming through for others that put their trust in us.” Kristen takes these values to heart, whether in mentoring or calling on the phone. [20:39] Kristen looks at how she can help create career paths for people and develop them, at Sequoia and in the risk community, as well. Kristen brings together interns and “externs” from other companies and stays in touch with them. She always asks them to pay the help forward. [21:35] Plug Time! Kristen Peed was a board member of the Spencer Educational Foundation. [21:41] The Spencer Educational Foundation'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. [21:59] 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. [22:13] Spencer's 2026 application process will open on May 1st, 2025, and close on July 30th, 2025. 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. [22:31] Spencer has several events lined up before and during RISKWORLD 2025. On May 3rd, there's the Spencer-CNA Pickle Ball Social, on May 4th, the Spencer-Gallagher Golf Tournament, on May 5th, the Spencer Soiree, and on May 6th, the Spencer-Sedgwick 5K Fun Run. [22:51] You can register for or sponsor any of these through the links on this page or by visiting SpencerEd.org/riskworld2025. [23:00] The Conclusion of My Interview with RIMS 2025 President, Kristen Peed! [23:27] Kristen's theme for her presidency is Brand New Day. Every day is a brand new day of risks. Every day, new risks are popping up. Whether AI, advancements in cyber threats, wildfires, or climate change, everything is changing. [24:12] It's a brand new day for risk managers. We have to be more nimble and strategic. That means it's a brand new day for RIMS. It's about how RIMS is going to support us in this moment and also as we move into the future, making sure we stay relevant for the next 75 years and on. [24:41] A new track, Alternative Risk Transfer, highly focused on captives, is being presented at RISKWORLD 2025. This is something risk managers have been asking to learn more about. It's part of the strategic conversation; how do you start to offer value back to your company? [25:09] How do you more strategically look at risk from a long-term perspective? That dovetails with Enterprise Risk Management. RIMS ERM content is relevant and has evolved over time. Captives will continue to be a value-generating part of the profession. [26:06] The 75th anniversary of RIMS is special for Kristen because it shows that RIMS has come so far. This year, RIMS is launching the RIMS Foundation to create opportunities for early-career students. That's the critical time to help them stay in the profession. [26:47] The RIMS Foundation will provide them with opportunities for growth, learning, and networking. This is a graying industry. We need to attract the next generation of talent to the industry and fill the pipeline with lots of people to backfill when current risk professionals retire. [27:21] Also in 2025, RIMS has a brand new Texas regional conference from August 4th through the 6th, on the San Antonio River Walk. People are reaching out to Kristen to submit sessions. It's exciting to see all the buzz around that conference. [28:35] Kristen's concludes: “Never quit learning. In my role, I've been doing this for two-plus decades, but I learn something new every day. When I took the RIMS-CRMP, I learned even more. It's the only risk management credential accredited by ANSI. Go and get your RIMS-CRMP.” [28:56] “It is one of the best educational opportunities you will have to demonstrate your proficiency and excellence and show your senior leadership team that you have the skills to elevate and provide strategic direction to your company.” [29:18] Justin notes that later this year, you can look for a RIMS-CRMP story, featuring RIMS 2025 President Kristen Peed. [29:23] Kristen, it is such a pleasure to see you! I'm so happy that you're our president this year and I'm happy for your continued success. I look forward to being able to celebrate with you in May at RISKWORLD 2025! [29:35] Kristen says she is honored to lead RIMS this year but it wouldn't be possible without all the other volunteer risk professionals around the world, all our chapter leaders, all committee members, and all our council volunteers. [29:53] Kristen wants to thank everybody who donates their time and energy to making RIMS so relevant and future-thinking. I could not do what I do without your support. [30:10] Special thanks again to RIMS 2025 President, Kristen Peed. Be sure to catch her at RISKWORLD 2025. She will have a presence on the main stage and during many of the ceremonies. Be sure to register for RISKWORLD 2025 at RIMS.org/riskworld. [30:23] More RIMS Plugs! You can sponsor a RIMScast episode for this, our weekly show, or a dedicated episode. Links to sponsored episodes are in the show notes. [30:48] 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. [31:05] 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. [31:21] 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. [31:35] 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. [31:48] Justin Smulison is the Business Content Manager at RIMS. You can email Justin at Content@RIMS.org. [31:54] Thank you all for your continued support and engagement on social media channels! We appreciate all your kind words. Listen every week! Stay safe! Mentioned in this Episode: RISKWORLD 2025 — May 4‒7 | Register today! RIMS Legislative Summit — March 19‒20, 2025 Nominations for the Donald M. Stuart Award [Canada] Spencer Educational Foundation — General Grants 2026 — Application Dates Spencer's RISKWORLD Events — Register or Sponsor! RIMS-Certified Risk Management Professional (RIMS-CRMP) RISK PAC | RIMS Advocacy RIMS Risk Management magazine RIMS Leadership Corner — Featuring Kristen Peed RIMS Webinars: RIMS.org/Webinars “How to Make Your Property Insurance Submission AI-Ready” | Sponsored by Global Risk Consultants, a TÜV SÜD Company | March 13, 2025 “Understanding Interconnected Risks” | Presented by RIMS and the Strategic and Enterprise Risk Management Council | March 26, 2025 “Parametric Insurance and Climate Risk: An Innovative Tool for CAT Risk Management” | Sponsored by Descartes Underwriting | March 27, 2025 “Understanding Third-Party Litigation Funding” | Sponsored by Zurich | April 3, 2025 “What CISOs Want Risk Executives to Know About Cyber Risk in 2025” | Sponsored by Auditboard | April 10, 2025 “Ready for Tomorrow? From Defense to Prevention: Strengthening Your Liability Risk Management Approach” | Sponsored by Hub International | April 17, 2025 “Better Together: The Marriage of Insurable Risk and Business Continuity” | Sponsored by Riskonnect | April 24, 2025 Upcoming RIMS-CRMP Prep Virtual Workshops: RIMS-CRMP | March 19‒20 | Register by March 12 RIMS-CRMP Exam Prep with PARIMA | April 22‒23 Full RIMS-CRMP Prep Course Schedule Upcoming Virtual Workshops: “Generative AI for Risk Management” | March 26 | Instructor: Pat Saporito “Managing Worker Compensation, Employer's Liability and Employment Practices in the U.S.” | April 16‒17 | Instructor: Chris Hansen See the full calendar of RIMS Virtual Workshops RIMS-CRMP Prep Workshops Related RIMScast Episodes: “Kicking off 2025 with RIMS CEO Gary LaBranche” “RIMS Legislative Priorities in 2025 with Mark Prysock” “(Re)Humanizing Leadership in Risk Management with Holly Ransom” (RISKWORLD Keynote) “Risk and Relatability with Rachel DeAlto, RISKWORLD Keynote” “Risk and Leadership Patterns with Super Bowl Champion Ryan Harris” (RISKWORLD Keynote) Sponsored RIMScast Episodes: “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 Vice President Manny Padilla! 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: Kristen Peed, Chief Risk Officer at Sequoia and the RIMS 2025 President Production and engineering provided by Podfly.
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.
En entrevista para MVS Noticias con Luis Cárdenas, Fernando Garza, Chief Risk Officer de Engen Capital, explicó cómo la implementación de criterios ESG (Environmental, Social, and Governance) se ha convertido en una estrategia clave para la sostenibilidad y competitividad de las empresas en el mercado actual.See omnystudio.com/listener for privacy information.
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La incertidumbre económica es una constante en la actualidad, por lo que una planeación financiera sólida es clave para el éxito de cualquier negocio. En entrevista con MVS Noticias con Luis Cárdenas, Fernando Garza, Chief Risk Officer de Engen Capital, explicó la importancia de la estrategia financiera y cómo debe integrarse en la planeación general de una empresa.See omnystudio.com/listener for privacy information.
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
The CFPB 1071 regulation has sparked plenty of debate and concern among financial institutions. Since our last 107 1 episode in March, there have been some key developments, including the Supreme Court's decision to uphold the CFPB's funding structure and the new administration's 60-day pause on the rule. We'll discuss how community financial institutions are responding—whether with resignation, adaptation, or continued hesitancy—and the practical steps they're taking to comply.Up next is an overview of CFPB 1033, the open banking rule, and what it means for community banks as they face new requirements for consumer data access and sharing. Learn how financial institutions can prepare, the role of technology in compliance, and how community banks can maintain their high-touch customer relationships while adapting to these changes. We'll also touch on what deregulation could mean for small business lending in 2025 and how banks can position themselves for growth.Our guest is Paula King, CPA, Principal Consultant for Abrigo Advisory Services. King assists financial institutions with CECL, credit processes, model validations, and more. A former banker and bank co-founder, she has held executive positions (CFO, Chief Risk Officer, and Chief Compliance Officer) and has more than 25 years of experience across all aspects of banking, including financial and asset/liability management, credit, services and product development, and director responsibilities.Helpful links:Webinar: Understanding the impact of CFPB 1071 on small business lendingBlog: The CFPB section 1071 effective dateSoftware: Small Business Loan Origination Software
In this episode of the Global Risk Community Chat, we uncover strategic communication secrets for managing crises with guest Elie Jacobs, co-founder of Purposeful Advisers. With over 20 years of experience in crisis communication and reputation management, Elie shares insights into navigating risks, issues, and crises faced by organizations today. We discussed how companies can control external narratives, adapt to geopolitical challenges, and manage misinformation in an evolving global landscape. From addressing public affairs to building proactive strategies, Elie highlights the importance of aligning communication with organizational goals. Whether you're in Risk Management, Cyber Security, or Sustainability, or a Chief Risk Officer looking to enhance your approach, this conversation offers valuable takeaways for professionals across industries. If you want to be our guest or suggest someone for the show, send your email to info@globalriskconsult.com with the subject line "Guest Proposal." Stay informed, stay prepared, and join us in exploring the dynamic world of strategic communication!
In this episode of Risk Management Show, we uncover crisis management secrets with Kevin Torf, a project management pioneer and author of "Getting the Job Done." Drawing from over 40 years of experience in the tech industry and his role as founder of T2 Group, Kevin shares actionable insights on turning challenges into opportunities, fostering organizational agility, and managing large-scale projects effectively. From his innovative hybrid agile methodology to lessons learned from managing IT infrastructure in healthcare during crises like COVID-19, this discussion is packed with strategies to help organizations thrive under pressure. We discussed risk management, cyber security, sustainability, and the importance of teamwork in achieving success. If you're a Chief Risk Officer, compliance manager, or anyone navigating the complexities of crisis management, this episode is for you. Kevin also sheds light on the significance of preparation, planning, and reflection to anticipate challenges and ensure resilience in both personal and professional life. 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.” Don't miss this opportunity to gain invaluable knowledge from one of the leading minds in project management and risk strategy! ----
En entrevista para MVS Noticias con Luis Cárdenas, Fernando Garza, Chief Risk Officer de Engen Capital, habló sobre el rol del financiamiento en la expansión de las pymes mexicanas.See omnystudio.com/listener for privacy information.
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.
www.marktreichel.comhttps://www.linkedin.com/in/mark-treichel/Everthing You Need to Know on ALCO CHARTERS AND GOVERNANCEKey Topics to Include:Committee charters vs. policiesCommittee composition and member selectionBoard involvement considerationsRole of Chief Risk Officer and other key positionsAuthority and delegation frameworkDocumentation requirementsStrategic alignment with board objectives
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 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 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
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
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
Join Martim Rocha, Global Head of Risk Banking Solutions at SAS, and Luis Jesus, Senior Manager at SAS, as they discuss how financial institutions can transform their risk management to thrive in today's volatile market. Financial organizations today face heightened regulatory scrutiny while contending with siloed, legacy risk systems. But those that embrace AI, cloud, and integration can unlock new levels of efficiency, scalability, and proactive insights. Hear expert strategies for building a future-ready risk ecosystem - one that delivers governance, control, and competitive advantage. Key topics: - Top challenges risk teams face in cost rationalization and automation - How modernizing risk technology impacts business processes and decision-making. - Balancing business continuity, modernization, and regulatory demands - Addressing banking industry challenges and trends related to risk modernization over the next 5 years Speakers' Bios Martim Rocha, Global Head of Risk Banking Solutions at SAS Martim manages a team of global experts on banking risk management, defining roadmaps and priorities for SAS solutions and supporting customers all over the world on their journey to take the best of the SAS solutions, from scoping and defining the best approach for each business case to helping customers taking the SAS solutions through implementation to be live as a production system. Martim has published several papers and has spoken at several conferences around the world on the topics of Risk Management in Banking, Risk and Finance Integration, IFRS9/CECL, Regulatory Risk Management, ALM, Capital Planning , Scenario Based Analysis and Stress-testing. With SAS for more then 17 years, he played the role of Strategic Advisor and Solution Designer on projects such as Stress-testing on a G-Sib based in London; IFRS9 and Stress-testing at G-SIB bank covering more than 60 locations worldwide; IFRS9 impairment at a couple of Top 5 Nordic Bank covering 5 countries; IFRS9 full-scope at Top banks in UAE; and IFRS9 impairment at more than a Top 5 South African Bank. Martim has more than 25 years of experience in the financial services industry on the topics of risk management, business analytics and data management. He has designed and managed projects for banks, insurance firms and other financial services companies in areas such as financial management, risk management, predictive analytics, financial and sales performance, strategy management, and customer analysis and segmentation. In addition, he was a lecturer for courses on advanced decision support systems, data warehousing and data mining at the Autonomous University of Lisbon and at the ISCTE Business School. Before joining SAS, Martim was a partner on the Business Analytics focused consulting firm, Noscitare where he led the delivery of many IT projects in financial services companies. Martim has a post-graduate degree in Business Administration from Nova SBE and has an undergraduate degree in Computer Science from ISIG. Luis Jesus, Senior Manager at Risk, Fraud and Compliance Solutions , SAS Luis Jesus is a risk management professional with 20+ years of experience in the financial services sector. He is currently a Senior Manager in the Integrated Balance-sheet Management solutions. Luís has a professional experience of more than 20 years in the financial sector being involved in different risk management projects namely on the implementation of the Basel Accord requirements, development of PD, LGD and CCF models, operational risk frameworks, recovery and resolution plans, ICAAP and ILAAP frameworks, development of IFRS9 compliant impairment calculation information systems and risk governance. Before joining SAS he was the Chief Risk Officer in a Portuguese bank and before that he was an Associated Partner in KPMG. Links from today's discussion: https://www.sas.com/en/whitepapers/how-to-win-by-liberating-alm-113740.html Over the years, GARP and SAS have partnered to bring risk practitioners unique insights on a variety of topics related to risk management. Now we present a series of podcasts focused on making financial risk-based decisions in light of the rapid evolution of artificial intelligence and machine learning. About SAS SAS is a global leader in data and AI. We help organizations transform data into trusted decisions faster by providing knowledge in the moments that matter. No matter how you prioritize risk, SAS has proven solutions and best practices to help organizations establish a risk-aware culture, optimize capital and liquidity, and meet regulatory demands. SAS® provides on-demand, high-performance risk analytics to ensure greater efficiency and transparency. Strike the right balance between short- and long-term strategies. And confidently address changing regulations and manage compliance. Discover why 90% of the Fortune 100 use SAS. sas.com/riskmanagement.
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
Artemis Live - Insurance-linked securities (ILS), catastrophe bonds (cat bonds), reinsurance
This is a recording of our "Capital markets structures for originators (sidecars for MGA's)" live webinar that was held on November 21st 2024 and featured insurance-linked security (ILS) and reinsurance industry experts that joined us to discuss the developing trend for risk originators using ILS structures to source capital markets risk and partner capacity. The use of alternative sources of risk and reinsurance capital by the originators of insurance risk, such as managing general agents (MGAs), is a notable trend and one we anticipate expanding over time. There have been numerous attempts to achieve this in the past, effectively bringing the capacity of ILS funds and institutional investors closer to the sources of risk. Some of these have faced challenges, in terms of controlling attritional losses to find the right balance between risk and return. But now, the market has started to make innovative use of ILS structures such as sidecars, to provide aligned mechanisms through which investors can participate in the underwriting performance of MGAs, while those MGAs can benefit from access to an efficient, alternative capital source. This Artemis Live webinar was moderated by Steve Evans and featured participants: Scott Cobon, Managing Director of Insurance Management Services at Artex Capital Solutions; Raoul Lobo, Vice President at Stone Point Capital; Brad Adderley, Managing Director and the Bermuda Managing Partner at Appleby; and Ethan Allen, Executive Vice President, Chief Risk Officer at MS Transverse Insurance Group. Speakers explored what potential sponsors of these structures need to be aware of and preparing for, as well as the opportunity for investors to partner with risk originators using sophisticated ILS and capital market structures. Listen to the full podcast episode to gain insights from industry experts and hear discussion on this developing area of the insurance-linked securities (ILS) and reinsurance capital market.
Lowenstein Sandler's Insurance Recovery Podcast: Don’t Take No For An Answer
Lynda A. Bennett, Heather Weaver, and Josh Weisberg of SterlingRisk continue their year-end conversation about what changed in the insurance recovery space in 2024 and what to expect in 2025. Lynda, Heather, and Josh anticipate rate relief and broader coverage in cyber insurance, provided that companies can show that they have good risk control measures in place. They also expect this year's Crowdstrike event to affect the availability of contingent business income coverage, high jury verdicts in personal injury cases to result in continued rate pressures and potentially more restrictive coverage in the excess casualty insurance market, and the new administration in Washington, DC, to have an impact on the insurance space generally. Speakers: Lynda A. Bennett, Partner and Chair, Insurance RecoveryHeather Weaver, Counsel, Insurance RecoveryJosh Weisberg, Chief Risk Officer, SterlingRisk
The biggest threats in cybersecurity don't come from outside attackers—they come from within. From toxic personal agendas to a lack of cross-functional collaboration, the real risk lies in how people operate, not just the systems they use. It's a hard truth for many leaders, but one that can transform organizations if embraced. In this episode of Audience 1st Podcast, I had a real, raw conversation with Amy Chaney about what's truly broken in cybersecurity leadership—and how to fix it. We dove into the pervasive issue of personal agendas, the saturation of cybersecurity communities that often fail to deliver, and what separates good vendors from bad ones. Amy also shared her insights on what it really takes to thrive as a Chief Risk Officer, her approach to balancing technical and human risks, and why collaboration—not ego—is the key to solving the industry's toughest challenges.
En entrevista para MVS Noticias con Luis Cárdenas, Fernando Garza, Chief Risk Officer de Engen Capital, destacó la importancia del financiamiento empresarial y los elementos clave que una empresa debe cumplir para ser acreditable.See omnystudio.com/listener for privacy information.
Lowenstein Sandler's Insurance Recovery Podcast: Don’t Take No For An Answer
In this episode of “Don't Take No for An Answer,” Lynda A. Bennett, Chair of Lowenstein's Insurance Recovery Group, joins Lowenstein's Heather Weaver and Josh Weisberg, Chief Risk Officer at SterlingRisk to recap changes in the insurance industry over the past year, particularly in the property and casualty sectors. They discuss areas in which insurance companies are increasingly looking to restrict coverage so businesses know what to look out for during the renewal process, and they share some steps that businesses can and should take internally to make sure that they're presenting themselves as an attractive risk as they go through the underwriting process. Lynda, Heather, and Josh also address extreme weather, drones, and AI, and emphasize the importance of preparedness while navigating events that are out of one's control. Speakers: Lynda A. Bennett, Partner and Chair, Insurance RecoveryHeather Weaver, Counsel, Insurance RecoveryJosh Weisberg, Chief Risk Officer, SterlingRisk
Safeguarding yourself from fraud is now a crucial aspect of financial security. In this episode of “Your Money. Your Mission.”, we tackle the ever-evolving threat of fraud with Todd Shaffer, Chief Risk Officer at Johnson Financial Group. From phishing emails and smishing texts to complex scams like pig butchering, Todd unpacks the tactics used by fraudsters targeting industries and individuals alike. He highlights the critical importance of skepticism, vigilance, and proactive security measures such as multi-factor authentication and strong passwords. Tune in for essential advice on how to protect yourself and your finances in a world where scams are becoming increasingly common and sophisticated. Submit a question on Your Money. Your Mission.
1. Risk Management Framework Components:- Risk Culture - Established by board and management, sets tone from top- Risk Appetite - Formal statements and limits that define acceptable risk levels- Risk Management System - Including the three lines of defense2. Risk Appetite:- Should be commensurate with institution's size and complexity- Must be supported by capital levels- Requires clear metrics and reporting systems- Needs documented processes for when limits are approached or breached- Should be consistently communicated throughout organization3. Three Lines of Defense:- First Line: Front-line business units conducting transactions and operations- Second Line: Risk management department (in larger institutions) led by Chief Risk Officer- Third Line: Internal audit function testing controls and verification4. Key Risk Management Principles:- Risk management culture is foundational to effectiveness- Smaller institutions can accomplish goals without full three lines structure- Need to avoid managing risks in silos- Importance of aggregating risks across organization- Chief Risk Officer role should support but not have veto power5. Best Practices:- Document and communicate risk appetite clearly- Establish appropriate metrics and reporting- Have action plans for when limits are approached- Ensure staff feels comfortable raising risk concerns- Maintain independence of risk oversight functions6. Resources Available:- OCC Director's Reference Guide contains useful guidance on risk governance- Includes questions to consider and potential red flags- Contains comprehensive references on risk and corporate governanceThe episode emphasized that while sophistication levels vary by institution size, core risk management concepts remain consistent and should be applied appropriately based on each credit union's specific circumstances.
Join FPC Executive Director Reed Luhtanen as he goes Off the Rails with Anthony Serio, Chief Risk Officer at Sphere Labs. Reed and Anthony talk about the use of stablecoins for cross border transactions and which rides Anthony recommends at Disneyland. Join the FPC by reaching out to us at info@fasterpaymentscouncil.org!
In this week's episode of the Treasury Career Corner podcast, host Mike Richards interviews Hans Ljøen, the Head of Treasury and Investor Relations at Lerøy Seafood Group, a world-leading seafood corporation.Hans has a diverse background in finance, capital markets and financial risk management. Before joining global seafood company Leroy Seafood Group as Head of Treasury & Investor Relations, Hans was involved in digital banking start-up Monobank ASA as Chief Risk Officer and later as CFO and CEO. Hans has a strong interest in technology applied to treasury as well as predictive analytics in business.In this episode Hans Ljøen discusses his career journey, from studying finance to working in banking and consulting before transitioning into treasury. He shares his experiences working in a startup bank and the valuable lessons he learned. He also talks about his current role at Lerøy Seafood, highlighting the importance of managing currency risk and implementing systems to improve processes.Listeners can expect to: Gain insights into the career path of a treasury professional and the challenges and opportunities in the field. Learn about the importance of understanding risk management and developing a broad skill set. Learn about the role of technology in treasury and the future of the industry.You can connect with Hans Ljøen on LinkedIn. Are you interested in pursuing a career within Treasury?Whether you've recently graduated, or you want to search for new job opportunities to help develop your treasury career, The Treasury Recruitment Company canhelp you in your search for the perfect job. Find out more here. Or, send us your CV and let us help you in your next career move!If you're enjoying the show please rate and review us on whatever podcast app you listen to us on, for Apple Podcasts click here!To subscribe to the Treasury Career Corner podcast via:Apple
Do you remember the 2008 crisis? It left a mark on many of us, fueling a distrust of bankers and politicians, and leading us to crypto as an alternative to the broken system. Today's guest, Austin Campbell, a professor and former Chief Risk Officer at Paxos, explains how crypto, especially stablecoins, can protect everyday Americans from the risks of traditional banks. He's here to show why the middle class should care about the future of finance. ------
In This Episode In this week's episode of Breaking Banks we bring you the next feature in our Killing It series as host Jason Henrichs connects with Ohad Samet, Co-Founder and CEO of TrueAccord. Several calls from unknown numbers and one unpleasant conversation about a forgotten credit card with a relatively small balance was the impetus for Ohad to reimagine the debt collection process and the genesis of TrueAccord. Prior experience as the Chief Risk Officer of Klarna, a European payments company, and experience with other start-ups in the area of risk and analytics served him well. Development is an upward spiral and founding a company (companies actually) involves a lot of self-expression and is often less about the money and more about what you want to do. At some point, though, you may need to fire yourself. Another candid and enlightening conversation in the series with relevance for all.