Podcasts about enterprise risk management erm

Enterprise Risk Management (ERM) has long been viewed as a defensive function—something financial institutions do to satisfy regulators and avoid compliance issues. However, this perspective is outdated. In today's volatile business environment, ERM is a strategic necessity that enables organizations to anticipate challenges, seize opportunities, and make more informed decisions. In this episode of The Risk Intel podcast, Shawn Ryan joins host, Edward Vincent to explore why ERM should be a CEO priority. They discuss the pitfalls of siloed risk management, the need for an enterprise-wide approach, and how organizations can elevate risk management to a strategic function. Most importantly, we examine why the Chief Risk Officer (CRO) should have a strong presence at the leadership table and work closely with their CEO to ensure risk isn't an afterthought, but the key driver of decision-making.Follow us to stay in the know!

  Welcome to RIMScast. Your host is Justin Smulison, Business Content Manager at RIMS, the Risk and Insurance Management Society.   In this episode, Justin interviews Trisha Sqrow, of Marsh Advisory, and our Council Vice-Chair 2024, Suzanne Christensen, of Franklin Templeton Investments, and making his debut on RIMScast is Karthick Dalawai, of Penn Mutual Life Insurance Company. Karthick, Suzanne, and Trisha discuss value-based frameworks in terms of benefits, their experience with them, and value metrics. They share the concept of a value-based Enterprise Risk Management (ERM) framework to align risk management activities with the creation of shareholder value. They mention risk quantification methodologies to assess financial and non-financial risks. They explain the use of scenario analysis to tailor risk management practices to your organization's risk appetite and objectives and give ideas on how to get buy-in from the boardroom. Listen in for ways to implement a value-based ERM framework in your organization.   Key Takeaways: [:01] About RIMS. [:15] About this episode. From RIMS headquarters in New York, we will be joined by three members of the RIMS Strategic and Enterprise Risk Management Council to discuss risk quantification through a value-based framework. [:43] The RIMS ERM Conference 2024 will be held on November 18th and 19th in Boston. Opening keynote speaker John Hagel recently appeared here on RIMScast. Register at RIMS.org/ERM2024. [:58] We will talk about everything from RMIS and AI to D&O, ESG, the SEC, and various other acronyms. If you are a RIMS-CRMP holder, you can earn recertification points by attending the RIMS ERM Conference 2024! [1:16] For those of you interested in studying for the exam, a pre-conference workshop will be held on-site on November 16th and 17th. Register now; a link is on this page! [1:30] The next RIMS-CRMP Exam Prep will be held with Purima virtually on November 14th and 15th. The next RIMS-CRMP-FED Exam Course will be hosted along with George Mason University from December 3rd through the 5th. [1:45] Links to these courses can be found on the Certifications page of RIMS.org and through this episode's show notes. [1:53] RIMS Virtual Workshops! Elise Farnham of Illumine Consulting recently joined us here on RIMScast. On December 4th and 5th, she will host Applying and Integrating ERM. On December 17th and 18th, she will host Captives as an Alternate Risk Financing Technique. [2:14] Other dates for the Fall and Winter are available on the Virtual Workshops calendar, RIMS.org/virtualworkshops. [2:23] Interview! Returning to the show are Trisha Sqrow, of Marsh Advisory, and our Council Vice-Chair 2024, Suzanne Christensen, of Franklin Templeton Investments, and making his debut on RIMScast is Karthick Dalawai, of Penn Mutual Life Insurance Company. [3:00] These brilliant minds, Trisha, Suzanne, and Karthick, will present the session “Risk Quantification Through Value-Based Frameworks” to kick off Day 2 of the RIMS ERM Conference 2024 on November 19th. [3:15] Today we'll get tips on how to launch a value-based framework, what the benefits and limitations may be, and how to convince your board to buy in. Karthick Dalawai, Trisha Sqrow, and Suzanne Christensen welcome to RIMScast! [4:54] Karthick explains that Enterprise Risk Management in its current form and where it goes from here to enable leaders to make informed decisions tie back to metrics and the quantification of results. [5:22] Doing risk management thematically is good and influential, but anything you don't quantify you can't improve. Risk quantification is essential for a good enterprise risk management program. [5:49] Trisha's risk management path has evolved toward a value-based framework. She suggests an organization could start by measuring its overarching risk appetite, understanding its risks, and putting its ERM framework in place. [6:22] The parameters could be how much financial, regulatory, or strategic risk you want to take. Hone in on what the risk translates to by quantifying the value. [7:03] The metrics may not always be dollar amounts. There may be safety value metrics, or cyber security impacts. There is a way to tie those back to financials in many cases, but you can look at different values. [7:51] Karthick says it's easier to quantify financial risk than intangibles like cyber risk or talent risk. Having a common denominator makes it possible to explain risk so IT, HR, and all departments understand the enterprise risk, not just the risk in their slivers of the organization. [8:58] Defining risk under a value-based framework takes three keys: uncertainty, deviation from the company strategy, and taking the right opportunities to increase value. If you planned to grow 10% and you grew 15%, analyze that opportunity. What was the cost of that benefit? [10:20] Suzanne adds that scenario analysis helps. Why did your growth vary from your planned growth? What do you have to have in place to manage it? With a 15% growth, you'll need more resources and a plan for the logistics. You may need to make a lot of other arrangements. [11:06] You need to think about those things in contingency mode. Scenario analysis does that; it helps you work through those plans. [11:30] Karthick describes the possible limitations of a value-based framework. The common denominator is a financial metric. Executives need to understand what factors contribute to that value. Tying the risk appetite to the value occurs high in the organization. It's all-encompassing. [12:07] You have to break the framework into layers by what it means for the different business units and how they measure business. Rightly implemented, a value-based framework is of great value; otherwise, people might become disconnected from it. [12:37] Suzanne agrees that people might not buy in if the framework is not well-implemented. Suzanne and Karthick discuss avoiding bias and starting with wrong assumptions. [13:02] Karthick believes that gets into the risk culture of the organization. Is it conservative or more aggressive? When you have a quantifiable and measurable risk appetite, some people may tend not to breach it at all. Many times, risk decisions need not be risk-optimized. [13:48] Having a measurable risk metric guides how much risk people can take to add value to the organization, not just to manage the downside. Tie it back to the business metrics through which leaders measure their performance. Having a good manager is a win-win. [14:16] Suzanne adds that weighing the cumulative impact of multiple decisions while figuring out a strategy for the organization helps you think about the risk appetite of the firm and if there is room to take more risk. [14:53] Trisha considers the risk culture of the organization in helping people understand value-based frameworks. There are a lot of conversations to be had with various departments. A financial office does not have the same risks as a manufacturing facility or an airport. [15:28] Work with the people looking at safety metrics and help translate them into dollar amounts, considering insurance and claims. What value does the framework add? [15:45] Help people understand the value-based framework and have conversations around it. How much risk can you take? [16:19] Plug Time! RIMS Webinars! On October 31st, TÜV SÜD GRC discusses “Mastering Property Renewals: Strategies for Success in 2025 with Risk Engineering”. [16:34] On November 4th, I will be hosting a special RIMS Webinar presentation, “Lessons from Veterans on Strategic Risk Leadership”. That session will feature insights and perspectives from risk managers who previously served in the United States Armed Services. [16:53] On November 14th, Marsh will present “Risk Perception and Management: Insights for a Changing Landscape”. [17:00] On November 21st, HUB International returns with the fourth installment of their Ready for Tomorrow series,  “From AI to the SEC: The Future of D&O Litigation and Regulatory Exposures”. [17:15] On November 25th, Resolver returns to discuss “The Future of Risk & Compliance: 5 Key Insights for the Modern Leader”. [17:23] On Thursday, December 12th, OneTrust returns to deliver “Staying Vigilant: 7 Practical Tips for Ongoing Third-Party Risk Monitoring” [17:32] More webinars will be announced soon and added to the RIMS.org/webinars page. Go there to register. Registration is complimentary for RIMS members. [17:44] Back to My Interview with Suzanne Christensen, Trisha Sqrow, and Karthick Dalawai. [18:22] Karthick says to ask the executives at your organization if they use the deliverables from ERM in their day-to-day decision-making and how they tie into the metrics. If you get a positive answer, you're in a good spot. If not, a value-based framework is a good solution. [19:00] Every executive business leader manages P&L and understands dollarized values. Value-based frameworks are good tools if they are implemented in the right way. [19:21] Trisha says to consider your impact scoring. That's the beginning of your risk appetite. Work toward getting a common denominator. [19:40] Suzanne comments that to make better, more confident decisions in the organization, and get the executives engaged in the conversation, you want to understand what their tough decisions and challenges are. [20:03] In what would the executives like more transparency and understanding to make their tough strategic or day-to-day decisions? Connect with them where their challenges are as a starting point. That immediately proves value to the organization. [20:41] Trisha and Suzanne have publications discussed in episodes linked in the show notes. Suzanne authored a report on emerging risks and board reporting, “Navigating the Complexities of Emerging Risks”. Trisha co-authored “Developing and Refining Risk Appetite and Tolerance”. [21:21] Suzanne and Karthick will be two of the panelists in the closing general session of the RIMS ERM Conference 2024 on November 19th. That's going to be a forward-looking discussion that will be a lot of fun. [21:57] During that closing session, we're going to give away a registration to RISKWORLD 2025 in Chicago! Everyone should stick around for this session! [22:16] Thank you all so much for joining us today here on RIMScast! [22:25] Special thanks to Trisha Sqrow, Karthick Dalawai, and Suzanne Christensen of the RIMS Strategic and Enterprise Risk Management Council. [22:36] On November 19th, they will kick off Day 2 of the RIMS ERM Conference 2024 in Boston, with a session about Risk Quantification through a Value-based Framework. That will not be the only session they will present, so if you like what you heard, register now at RIMS.org/ERM2024. [22:59] Links to the guests' prior RIMScast interviews and their respective reports are in this episode's show notes. [23:12] More RIMS Plugs! The RIMS ERM Conference 2024 will be held in Boston, Massachusetts on November 18th and 19th. Register today at RIMS.org/ERM2024! [23:27] The RIMS App is available to RIMS members exclusively. Go to the App Store and download the RIMS App with all sorts of RIMS resources and coverage. It's different from the RIMS Events App. Everyone loves the RIMS App! [23:58 ] You can sponsor a RIMScast episode for this, our weekly show, or a dedicated episode. Links to sponsored episodes are in our show notes. 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. [24:40] 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. [24:57] 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. [25:12] 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. [25:26] Justin Smulison is the Business Content Manager at RIMS. You can email Justin at Content@RIMS.org. [25:33] 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: RIMS ERM Conference 2024 will be in Boston, MA Nov. 18–19 | Register Now RIMS DEI Council RIMS-Certified Risk Management Professional (RIMS-CRMP) RIMS Strategic & Enterprise Risk Center NEW FOR MEMBERS! RIMS Mobile App RIMS Executive Report: “Developing and Refining Risk Appetite and Tolerance” RIMS Professional Report: “Navigating the Complexities of Emerging Risks” RIMS-CRMP Stories — New interview featuring Dan Elliott! Submit Your Nomination for 2025 Risk Manager of the Year — Part I is due on Oct. 31! RIMS Webinars: “Mastering Property Renewals: Strategies for Success in 2025 with Risk Engineering” | Sponsored by Global Risk Consultants, a TÜV SÜD Company | Oct. 31, 2024 “Lessons from Veterans on Strategic Risk Leadership” | Presented by RIMS | Nov. 4, 2024 “Risk Perception and Management: Insights for a Changing Landscape” | Sponsored by Marsh | Nov. 14, 2024 “From AI to the SEC: The Future of D&O Litigation and Regulatory Exposures” | Sponsored by HUB International | Nov. 21, 2024 “The Future of Risk & Compliance: 5 Key Insights for the Modern Leader” | Sponsored by Resolver | Nov. 25, 2024 “Staying Vigilant: 7 Practical Tips for Ongoing Third-Party Risk Monitoring” | Sponsored by OneTrust | Dec. 12, 2024 RIMS.org/Webinars   Upcoming Virtual Workshops: RIMS-CRMP Exam Prep with PARIMA (Virtual) | November 14–15, 2024 | 9:00 am–4:00 pm SGT — Register by Nov. 7 “Applying and Integrating ERM” | Dec 4‒5 “Captives as an Alternate Risk Financing Technique” | Dec. 17–18 See the full calendar of RIMS Virtual Workshops RIMS-CRMP Prep Workshops   Related RIMScast Episodes: “Big Shifts with John Hagel, ERM Conference Keynote” “Applying ERM Theory with Elise Farnham” “Maintaining an Award-Winning ERM Program with Michael Zuraw” “On Risk Appetite and Tolerance” with Trisha Sqrow “Emerging Risks and Board Reporting” with Suzanne Christensen   Sponsored RIMScast Episodes: “Third-Party and Cyber Risk Management Tips” | Sponsored by Alliant (New!) “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 “Alliant's P&C Outlook For 2024” | Sponsored by Alliant “Why Subrogation is the New Arbitration” | Sponsored by Fleet Response “Cyclone Season: Proactive Preparation for Loss Minimization” | Sponsored by Prudent Insurance Brokers Ltd. “Subrogation and the Competitive Advantage” | Sponsored by Fleet Response “Cyberrisk Outlook 2023” | Sponsored by Alliant “Chemical Industry: How To Succeed Amid Emerging Risks and a Challenging Market” | Sponsored by TÜV SÜD “Insuring the Future of the Environment” | Sponsored by AXA XL “Insights into the Gig Economy and its Contractors” | Sponsored by Zurich “The Importance of Disaster Planning Relationships” | Sponsored by ServiceMaster   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 Events, Education, and Services: RIMS Risk Maturity Model® RIMS Events App Apple | Google Play   Sponsor RIMScast: Contact sales@rims.org or pd@rims.org for more information.   Want to Learn More? Keep up with the podcast on RIMS.org, and listen on Spotify and Apple Podcasts.   Have a question or suggestion? Email: Content@rims.org.   Join the Conversation! Follow @RIMSorg on Facebook, Twitter, and LinkedIn.   About our guests: Karthick Dalawai, Chief Risk Officer for Penn Mutual Life Insurance Company   Trisha Sqrow, Vice President, Consulting Solutions, Marsh Advisory for Marsh USA Inc.   Suzanne Christensen, SVP, Head of Enterprise Risk Management for Franklin Templeton Investments Social Shareables (Edited For Social Media Use): Why Enterprise Risk Management exists in its current form and where it goes from here tie back to metrics and the quantification of results to enable leaders to make informed decisions. — Karthick Dalawai   Depending on your organization, you might be looking at different values and different types of metrics. Some might be strictly financial. An industry that has significant safety concerns might have a lot of safety value metrics, based on the type of risk. — Trisha Sqrow   Scenario analysis helps because you can run through those situations to say if that happens, then what happens? What do we have to have in place to be able to manage through that? With a 15% growth, you'll need more resources and a plan for the logistics. — Suzanne Christensen  

On this episode of Healthy Outcomes, host Mark Ross interviews Norris James, Senior Manager at Baker Tilly's Risk Advisory Practice, specializing in Enterprise Risk Management (ERM) and board governance. With over two decades of experience, Norris has helped multiple clients adopt Governance practices that have enabled them to build a reputable image, healthy culture, organizational sustainability, and trust. Topics of discussion include:The definition of ERM and leading class ERM characteristicsIdentifying, prioritizing and managing risks in the healthcare provider settingLeveraging ERM to facilitate the achievement of both performance objectives and strategic objectivesHow an ERM strategy can help a healthcare provider protect sensitive and private data, both its own data and patient-related dataHow an ERM strategy can contribute to patient safetyERM's linkage to maintaining financial stabilitySteps a healthcare provider can take to implement an ERM initiative that is appropriate for their organizationFollow UsTwitter @bakertillyusFacebook @BakerTillyUSInstagram @bakertillyusPresented by Baker Tilly https://www.bakertilly.com/

In this episode of Global Risk Community Chat, we dive into the synergy between AI and Enterprise Risk Management (ERM) to unlock competitive advantage. Our guest, Carol Williams, CEO of Strategic Decision Solutions, shares her expertise on integrating AI with risk management strategies for enhanced decision-making and resilience. We discussed how AI can assist in scenario planning and identifying emerging risks without compromising proprietary information. Carol emphasizes the importance of using AI as a supportive tool rather than a sole decision-maker. If you want to be our guest or suggest someone for future episodes, send your email to info@globalriskconsult.com with the subject line "Guest Proposal." Join the conversation on risk management, cyber security, sustainability, and more, as we continue to bring expert insights from leaders like Carol Williams to our community.  

In today's complex financial landscape, effective risk management is critical for the stability and success of any financial institution. Governance, Risk, and Compliance (GRC) teams play a central role in this process, ensuring that organizations are well-protected against potential risks while maintaining compliance with regulatory standards. But how exactly does GRC fit into the broader picture of Enterprise Risk Management (ERM) and how does GRC differ from the Audit function? This Risk Intel episode features Cathy Jackson, Director or Implementations at SRA Watchtower, who answers four key questions to help you understand the responsibilities of the GRC and Audit teams, how they operate, and how they integrate with ERM. Give it a listen to learn more.Follow us to stay in the know!

In this episode of the Risk Management Show poidcast, we welcome Michael Schank, a seasoned management consultant with over 25 years of experience in financial services. Michael discusses the limitations of traditional Enterprise Risk Management (ERM) programs and introduces the Process Inventory Framework, a methodology he developed to improve risk management, compliance, and strategic decision-making. Key Topics: Michael's Career Path: His journey in risk management and founding Process Inventory Advisors LLC. Why Traditional ERM Programs Fail: Blind spots, data quality issues, and confusion in operating models. The Process Inventory Framework: How it enhances risk management by integrating a detailed process inventory. Improving Data Quality in Risk Management: Addressing root causes and leveraging process taxonomy in GRC systems. Reducing Chaos and Increasing Accountability: Streamlining operations and improving risk management efficiency. Application Across Risk Types: Benefits for Operational Risk, Compliance Risk, Operational Resiliency, and Third-Party Risk Management.  

In the latest Risk Intel Podcast episode, Edward Vincent, CEO of SRA Watchtower, hosts an enlightening discussion with Cathy Jackson, Director of Watchtower Implementation, and Claire Jordan, VP of Product. This episode is a deep dive into best practices for evolving an Enterprise Risk Management (ERM) program, focusing on regulatory guidance, quantitative vs. qualitative metrics, peer data, and risk appetite.Follow SRA to Learn More.Follow us to stay in the know!

In this episode of the Risk Intel Podcast, SRA Watchtower CEO Edward Vincent and Cathy Jackson, Director of Watchtower Implementation, delve into the best practices for evolving an Enterprise Risk Management (ERM) program. This insightful conversation covers the historical overview of risk management, the current state and challenges, emerging trends, and the driving forces behind the shift toward collecting more timely and frequent data. Follow SRA to Learn More.Follow us to stay in the know!

Welcome to this episode of, In Your Best Interest, an ALM First podcast. Have you ever wondered how financial institutions can stay ahead of uncertainties and manage competitive pressures? Join us as Jessica Coulis and Ben Schexnayder reveal the secrets of Enterprise Risk Management (ERM) and its critical role for many institutions. Through personal stories and professional insights, they detail how ERM can break down departmental silos, foster collaboration, and provide a comprehensive view of risks that enhances strategic decision-making. Listen in to understand how a holistic approach to risk management can transform your organization's ability to navigate rapidly changing environments.Unlock best practices for strategic risk management, with a focus on dynamic risk appetite statements and proactive risk metric monitoring. Jessica and Ben discuss how aligning products and services with an organization's risk-taking philosophy ensures new offerings fit within the company's risk appetite. Additionally, get a deep dive into the challenges of deposit sourcing, loan growth, and FinTech integration, all while emphasizing the significance of creating a robust risk culture. Don't miss this opportunity to learn how a strong ERM program can prevent financial surprises and build resilience in today's volatile market.

In this episode of the Risk Intel Podcast, Ed Vincent, host and CEO of SRA Watchtower, invites Cathy Jackson, Director of Watchtower Implementation to the show to delve into the transformative shift in risk management within financial institutions. This discussion is part one of a multi-part series focusing on best practices for enhancing Enterprise Risk Management (ERM) programs or building new ones to operate in a risk-informed decision-making environment. Key points discussed include focusing on the criteria for identifying baseline Key Risk Indicators (KRIs), their characteristics, the value of adhering to a standard set, the importance of consistent monitoring, and the data sources. Listen to learn more.Follow SRA to Learn More.Follow us to stay in the know!

Startups in highly regulated industries have to strike a tough balance — keeping operations both lean and compliant.Sruthi Lanka, CFO at Public.com, leans on her engineering background, as well as out-of-the-box thinking from her team, to meet both criteria. Sruthi explains why she made process efficiency a top priority for her team, and how a combination of high and low-tech solutions have created efficiencies and mitigated risk. Learn what it takes to fortify your organization against unforeseen risk management challenges with this in-depth look at Enterprise Risk Management (ERM) and internal controls.Discussed in this Episode:The impact of automation on internal controls and how to make time for automation when you're resource-constrainedThe importance of accurate and unified data across the businessEnsuring regulatory and data compliance when leveraging artificial intelligence (AI)How smarter checks and balances and risk management can improve the quality of your business

Startups in highly regulated industries have to strike a tough balance — keeping operations both lean and compliant.Sruthi Lanka, CFO at Public.com, leans on her engineering background, as well as out-of-the-box thinking from her team, to meet both criteria. Sruthi explains why she made process efficiency a top priority for her team, and how a combination of high and low-tech solutions have created efficiencies and mitigated risk. Learn what it takes to fortify your organization against unforeseen risk management challenges with this in-depth look at Enterprise Risk Management (ERM) and internal controls.Discussed in this Episode:The impact of automation on internal controls and how to make time for automation when you're resource-constrainedThe importance of accurate and unified data across the businessEnsuring regulatory and data compliance when leveraging artificial intelligence (AI)How smarter checks and balances and risk management can improve the quality of your business

Guest: Keyaan Williams, Founder and Managing Director of CLASS-LLC [@_CLASSllc]On LinkedIn | https://www.linkedin.com/in/keyaan/____________________________Host: Sean Martin, Co-Founder at ITSPmagazine [@ITSPmagazine] and Host of Redefining CyberSecurity Podcast [@RedefiningCyber]On ITSPmagazine | https://www.itspmagazine.com/itspmagazine-podcast-radio-hosts/sean-martin____________________________This Episode's SponsorsImperva | https://itspm.ag/imperva277117988Devo | https://itspm.ag/itspdvweb___________________________Episode NotesIn this episode of the Redefining CyberSecurity Podcast, hosted by Sean Martin, we are joined by guest Keyaan Williams to discuss the impact of the Securities and Exchange Commission (SEC) Incident Reporting Rule on organizations and its far-reaching implications. The wide-ranging discussion covers the shift in responsibility from a single Chief Information Security Officer (CISO) to the entire organization, the necessity for companies to have situational awareness to rapidly determine the materiality of cyber security incidents, and how these rules affect the company's enterprise risk management strategy.Enterprise Risk Management (ERM) is integral to the way organizations protect themselves and manage risk. Contrary to focusing exclusively on cybersecurity and cyber-related risk, ERM takes an holistic approach and considers all risks across the company. This comprehensive approach ensures that companies make well-informed decisions about how they allocate resources, prioritize risks, and choose specific areas to mitigate. ERM also distributes the burden of risk oversight, reducing the intense pressure on CISOs or any single department and making risk management a collective responsibility. In an era of increasing regulatory oversight, such as the new rules from the SEC, ERM also aims to help companies demonstrate that they are taking all necessary precautions and addressing regulatory requirements effectively.Williams also emphasizes the need for businesses to prepare for the increasing regulatory scrutiny by maintaining a robust governance structure and adopting a team-based approach for managing cyber security risks. They predict the possibility of additional rule-making concerning cybersecurity in the future, thus viewing the current phase as the calm before the storm.Williams ends the conversation with an invitation for listeners to provide feedback, reinforcing the theme of the episode: collective engagement in cybersecurity management.Key Questions Addressed:What is the impact of the new SEC reporting rule on CISOs and their teams?How can Enterprise Risk Management contribute to overcoming cybersecurity challenges?How does the SEC reporting rule change the role of a CISO within an organization?___________________________Watch this and other videos on ITSPmagazine's YouTube ChannelRedefining CyberSecurity Podcast with Sean Martin, CISSP playlist:

In this episode, we welcome Academy Fellow Dr. Karen Hardy, an internationally-recognized Enterprise Risk Management (ERM) expert and the creator of the 'Flip this Risk' book series and podcast, to discuss her career in ERM and the importance of understanding and addressing risk in public administration.Read the 'Flip this Risk' Book Series: https://www.amazon.com/Flip-This-Risk%25C2%25AE-Book-Series-4-book-series/dp/B098ZXQ7T6 Listen to the 'Flip this Risk' Podcast: https://www.flipthisriskpodcast.com/  Support the Podcast Today at:donate@napawash.org or 202-347-3190Music Credits: Sea Breeze by Vlad Gluschenko | https://soundcloud.com/vgl9Music promoted by https://www.free-stock-music.comCreative Commons Attribution 3.0 Unported Licensehttps://creativecommons.org/licenses/by/3.0/deed.en_

Guest: Keyaan Williams, Founder and Managing Director of CLASS-LLC [@_CLASSllc]On LinkedIn | https://www.linkedin.com/in/keyaan/____________________________Host: Sean Martin, Co-Founder at ITSPmagazine [@ITSPmagazine] and Host of Redefining CyberSecurity Podcast [@RedefiningCyber]On ITSPmagazine | https://www.itspmagazine.com/itspmagazine-podcast-radio-hosts/sean-martin____________________________This Episode's SponsorsImperva | https://itspm.ag/imperva277117988Devo | https://itspm.ag/itspdvweb___________________________Episode NotesIn this episode of the Redefining CyberSecurity Podcast, hosted by Sean Martin, we are joined by guest Keyaan Williams to discuss the impact of the Securities and Exchange Commission (SEC) Incident Reporting Rule on organizations and its far-reaching implications. The wide-ranging discussion covers the shift in responsibility from a single Chief Information Security Officer (CISO) to the entire organization, the necessity for companies to have situational awareness to rapidly determine the materiality of cyber security incidents, and how these rules affect the company's enterprise risk management strategy.Enterprise Risk Management (ERM) is integral to the way organizations protect themselves and manage risk. Contrary to focusing exclusively on cybersecurity and cyber-related risk, ERM takes an holistic approach and considers all risks across the company. This comprehensive approach ensures that companies make well-informed decisions about how they allocate resources, prioritize risks, and choose specific areas to mitigate. ERM also distributes the burden of risk oversight, reducing the intense pressure on CISOs or any single department and making risk management a collective responsibility. In an era of increasing regulatory oversight, such as the new rules from the SEC, ERM also aims to help companies demonstrate that they are taking all necessary precautions and addressing regulatory requirements effectively.Williams also emphasizes the need for businesses to prepare for the increasing regulatory scrutiny by maintaining a robust governance structure and adopting a team-based approach for managing cyber security risks. They predict the possibility of additional rule-making concerning cybersecurity in the future, thus viewing the current phase as the calm before the storm.Williams ends the conversation with an invitation for listeners to provide feedback, reinforcing the theme of the episode: collective engagement in cybersecurity management.Key Questions Addressed:What is the impact of the new SEC reporting rule on CISOs and their teams?How can Enterprise Risk Management contribute to overcoming cybersecurity challenges?How does the SEC reporting rule change the role of a CISO within an organization?___________________________Watch this and other videos on ITSPmagazine's YouTube ChannelRedefining CyberSecurity Podcast with Sean Martin, CISSP playlist:

In this episode of the Risk Intel Podcast, Karen Kleckner, a seasoned expert with over 20 years of experience at the FDIC as a bank risk examiner, shared her insights into building and implementing an Enterprise Risk Management (ERM) program at Blackhawk Bank. The episode delved into the challenges, strategies, and lessons learned throughout the journey of establishing an effective and data-driven risk management program. Follow us to stay in the know!

In a podcast, hosts Len and Dean discussed the heightened focus on Enterprise Risk Management (ERM) within financial institutions. They highlighted the regulatory pressure spurred by issues like compliance, bank failures, Climate Risk, ESG factors, and political influences. Dean pointed out common gaps in ERM policies, such as lack of coverage for technology systems, strategic plans, and talent management.  He advised that ERM policies should emphasize data and technology structures for reporting, mention strategic plans, and reference "Talent Management" for skill enhancement. The conversation concluded with a recommendation for risk managers and senior executives to review and enhance their ERM policies based on these insights to withstand future regulatory scrutiny. Brought to you by GeoDataVision and M&M Consulting  

Enterprise Risk Management (ERM) and ESG share some of the same end goals – the main one being supporting the creation of long-term value by (and for) organisations. Chairman of The Board of Directors at the International Institute of Enterprise Risk Practitioners (IERP) Ramesh Pillai joins us to discuss the critical linkages between ERM and ESG, and some of the trends that have the potential to significantly alter the risk landscape for businesses, and change how we respond to and manage risk and ESG.Photo Credits: Freepik

Got a minute? Today, I'm sharing 3 strategies for managing risks in your organization. For more insights, discover how C-Suite executives think about implementing Enterprise Risk Management (ERM). Visit bit.ly/FREE-CPE to earn 1 continuing education credit in risk management training!

Karen Caterino is joined by guest, Melissa Thomson, City of Phoenix, on her insights on Enterprise Risk Management (ERM). Melissa shares her journey into risk management and how she used ERM to make her organization more successful, as well as her involvement with the Association of Federal Enterprise Risk Management (AFERM). She also discusses her upcoming plans to build a local outreach committee for AFERM and start an ERM book club, along with advice for students and young professionals looking to break into the world of insurance.

Using cloud solutions can make an organization more prone to risks and vulnerabilities. So, to safeguard information, businesses need to adopt privacy and security policies. By centralizing and improving the quality of data on potential threats to your business, an Enterprise Risk Management (ERM) framework may help you recognise and respond to the most significant threats to your company, as well as quantify and better manage them through the use of targeted controls. Thank you for watching this video, For more details or free demo with out expert write into us at sales@infosectrain.com Subscribe to our channel to get video updates. Hit the subscribe button above. Facebook: https://www.facebook.com/Infosectrain/ Twitter: https://twitter.com/Infosec_Train LinkedIn: https://www.linkedin.com/company/infosec-train/ Instagram: https://www.instagram.com/infosectrain/ Telegram: https://t.me/infosectrains

In this episode of With Flying Colors I discuss NCUA's Risk Appetite Statement with ERM Expert David Seibert.David can be reached at www.davidseibertconsulting.comCreated by the United States Congress in 1970, the National Credit Union Administration is an independent federal agency that insures deposits at federally insured credit unions, protects the members who own credit unions, charters and regulates federal credit unions, and promotes widespread financial education and consumer financial protection. The NCUA protects the safety and soundness of the credit union system by identifying, monitoring, and reducing risks to the National Credit Union Share Insurance Fund. The NCUA is subject to a variety of risks that relate to its objectives, strategies, operations, reputation, and environment. Through the NCUA's Enterprise Risk Management (ERM) program, the agency proactively manages risks to achieve its mission, as well as to maximize opportunities across the agency. The NCUA's ERM program is overseen by the Enterprise Risk Management Council (ERMC), which was formally established by the Executive Director in 2015. Editorial note: I was the Executive Director that established ERM at NCUA. Since that time, the ERMC has focused on building foundational elements of the NCUA's ERM program; identifying, assessing, and prioritizing enterprise-level risks; and developing risk response plans for those risks. The ERMC is comprised of the following NCUA executives:  Deputy Executive Director, serves as ERMC Chair  Chief Financial Officer  Chief Information Officer  Chief Economist Director,Office of Examination and Insurance  Director, Office of Continuity and Security Management  Director, Office of Business Innovation  Director, Office of Consumer Financial Protection  Director, Western Region The ERMC's mission is to optimize risk management prioritization and mitigation decisions to minimize the risk that events adversely impact the successful achievement of the NCUA's strategic goals and objectives. Further, the ERMC seeks to establish a risk awareness culture and appropriate risk management processes throughout the NCUA. An effective ERM program is a good management practice. An important part of a successful ERM program is a thorough risk appetite statement. That statement is a management tool that provides guidance from agency leadership to managers and staff on the amount of risk the NCUA is willing to undertake in pursuit of its objectives. The Federal Chief Financial Officers Council's ERM Playbook explains that risk appetite statements, “help agencies make risk informed decisions with regard to allocation of resources, management controls, and potential consequences or impacts to other parts of the organization and can reduce surprises and unexpected losses.” 1 The ERMC developed a risk appetite statement for the agency through careful consideration and evaluation of the risks the agency faces, and focused on achieving several programmatic goals, including:  Communicating guidelines about the levels of risk the NCUA is willing to accept in pursuit of its mission and goals,  Promoting consistency in understanding, measuring, and managing risk across the enterprise,  Informing agency responses to risks and decision-making to balance limited time and resources, and  Driving a more risk-aware culture. The attached NCUA Risk Appetite Statement would provide greater clarity and transparency about how the agency approaches risks in order to accomplish its mission and to provide important guidance to NCUA staff and stakeholders. This risk appetite statement will help the NCUA align risks and opportunities when making decisions and allocating resources to achieve the agency's strategic goals. This risk appetite statement is part of the NCUA's overall risk management approach, shown in Figure 1. The NCUA will identify, assess, prioritize, respond to, and monitor risks to an acceptable level.

Support and comprehension of the principles of Enterprise Risk Management (ERM) by the Board (board or directors/trustees) is essential to the success of an Enterprise Risk Management program in any healthcare organization. The Board oversees the organization's strategic plan and establishes a risk-aware culture by creating expectations of acceptable attitudes, behaviors and characteristics that are consistent with the organization's core values. This podcast, the first in a series of five covering the 5 components of the COSO Framework, will provide suggestions and ideas to assist the risk manager in guiding and assisting the Board to identify, prioritize and address risks using the ERM process.

Everyone needs to start assessing their risks, especially in a post-pandemic environment. Enterprise risk management is the process of identifying potential risks to the achievement of strategic objectives. And implementing an ERM program at a credit union does come with advantages. In this episode of With Flying Colors, Mark Treichel interviews David Seibert, an Enterprise Risk Management Expert, about all things ERM. David is also the President, Owner, and Chief Risk Officer of David Seibert Consulting. Listen in as they discuss the principles of ERM and why it helps crystalize strategy efforts. Also, discover why National Credit Union Administration (NCUA) responds positively to credit unions with a strong ERM structure. Start assessing your risks with David today!

You may have heard about one of the most popular Enterprise Risk Management (ERM) frameworks used by companies and organizations. It is known as the COSO ERM framework. Thinking about adopting it?  Paul Sobel breaks down the benefits of using the COSO model and how it became so popular. You can learn more about it at COSO.org

Enterprise Risk Management (ERM) is not for the faint hearted but URMIA has a peer group of practitioners who get it. Learn more about the Higher Ed ERM Roundtable, a bi-monthly conversation for those with ERM responsibilities regardless of your program's maturity level. Gary Langsdale, Andre Le Duc, and Nancy Loucks talk about the evolution of ERM and their institution's current projects.Show Notes {member login required]Feb 24 -March 31

Post By: Adam Turteltaub The relationships between Enterprise Risk Management (ERM) and compliance risk management is a complex and confusing one.  There is the potential for overlap and even conflict. To help clear the air and improve the relationship among the various approaches to risk, Bret Bissey, Vice President, Chief Compliance Officer, Gateway Health and James Rose (LinkedIn), Managing Director, SunHawk Consulting will be leading a session “Establishing the Enterprise ERM/GRC Strategy with Compliance in Mind at the 2022 HCCA Compliance Institute, which will be taking place online and in Phoenix March 28-31. In this podcast they offer a wealth of advice for compliance teams including: Having the right sponsor is key This is about having a dialogue cross the organization The goal is to help business operators achieve their goals A good process helps prevent surprises There are naturally going to be some tensions, particularly when it comes to allocating resources Expect different views of how much data should be tracked and how useful it will be Be sure to capture the goals and interests of the C-suite and board Listen in to learn more and then join us in person or online for the 2022 HCCA Compliance Institute.

Post By: Adam Turteltaub The relationships between Enterprise Risk Management (ERM) and compliance risk management is a complex and confusing one.  There is the potential for overlap and even conflict. To help clear the air and improve the relationship among the various approaches to risk, Bret Bissey, Vice President, Chief Compliance Officer, Gateway Health and James Rose (LinkedIn), Managing Director, SunHawk Consulting will be leading a session “Establishing the Enterprise ERM/GRC Strategy with Compliance in Mind at the 2022 HCCA Compliance Institute, which will be taking place online and in Phoenix March 28-31. In this podcast they offer a wealth of advice for compliance teams including: Having the right sponsor is key This is about having a dialogue cross the organization The goal is to help business operators achieve their goals A good process helps prevent surprises There are naturally going to be some tensions, particularly when it comes to allocating resources Expect different views of how much data should be tracked and how useful it will be Be sure to capture the goals and interests of the C-suite and board Listen in to learn more and then join us in person or online for the 2022 HCCA Compliance Institute.

On this episode, we welcome Tom Brandt,  Director of Planning and Risk at the Federal Retirement Thrift Investment Board and  Academy Fellow, to discuss Enterprise Risk Management (ERM) within federal agencies, the best practices for prioritizing risks, and the intersection of ERM with data security. Music Credits: Sea Breeze by Vlad Gluschenko | https://soundcloud.com/vgl9Music promoted by https://www.free-stock-music.comCreative Commons Attribution 3.0 Unported Licensehttps://creativecommons.org/licenses/by/3.0/deed.en_US

Welcome to RIMScast. Your host is Justin Smulison, Business Content Manager at RIMS, the Risk and Insurance Management Society.   With Native American Heritage Month soon approaching in November (for the U.S.), Justin Smulison is joined by Tara Lessard Webb to discuss the importance of this month as well as DEI initiatives.   Tara Lessard Webb is the Director of Corporate Governance at Intact Insurance and a prominent member of the RIMS DEI Council. You may also remember her from her two fantastic sessions on diversity, equity, and inclusion at the 2021 RIMS Canada Conference!   In this conversation, Tara and Justin discuss Native American Heritage Month, her work with the RIMS DEI Council, what it would take for you to launch a DE&I initiative at your organization, how a more diverse culture leads to a more profitable one, and how you can do your part to support the BIPOC community.   Key Takeaways: [:01] About RIMS' Global Membership. [:26] About today's episode with Tara Lessard Webb. [:35] Upcoming RIMS current virtual offerings. [:58] How to register for the upcoming RIMS ERM Conference. [1:30] Other upcoming RIMS virtual conferences. [1:56] More about today's episode with Tara Lessard Webb! [3:43] Justin welcomes Tara to the podcast. [3:55] Tara's 2021 RIMS Canada Conference experience. [4:27] How we can better support our Indigenous communities. [6:40] How and why Tara became involved with the RIMS DEI Council to better support Indigenous communities. [8:16] What the RIMS DEI Council has coming up in November. [8:55] Awareness is the starting point for any campaign. How does Tara craft a successful DEI campaign? What are her recommendations for those looking to launch one within their organization? [10:48] Upcoming RIMS webinars! [11:41] Justin is joined by Morgan O'Rourke for a quick discussion about the new RIMS app! [12:04] Who can download the RIMS app? Where can you download it? [12:28] What the RIMS app provides. [13:03] Is the RIMS app constantly evolving? Will there be updates down the line? [13:23] How to provide feedback on your RIMS app experience. [13:39] Returning to the interview with Tara Lessard Webb. [13:47] Tara shares about the DEI campaign she launched at a previous employer. [15:55] Tara's insights on how to turn a more diverse culture into a profitable one. [20:11] Tara's parting words of wisdom for those looking to start a DEI initiative at their organizations. [25:15] Justin thanks Tara for joining RIMScast and shares some of the links to look out for in this episode's show notes!   Mentioned in this Episode: RIMS DEI Council Climate Change RIMScast Video RIMS Events, Education, and Services: RIMS ERM Conference 2021 will be held Nov. 11th & 12th in NYC RIMS India 2021 — Virtual Two-Day Event! December 3rd & 4th — Register Today! RIMS Risktech Forum 2021 — Virtual Two-Day Event! December 7th & 8th — Register Today! NEW FOR MEMBERS! RIMS Mobile App RIMS Buyers Guide United Nations Declaration on the Rights of Indigenous Peoples — Available in French, English & Spanish Upcoming Webinars: October 26, 2021 | “Cyberrisk and the C-Suite” |  Presented by RIMS Path To The Boardroom October 28, 2021 | “Risking it All? Taking the Leap into Enterprise Risk Management (ERM) from RMIS” | Sponsored by Origami Risk November 1, 2021 | “Recertification: Keep Your RIMS-CRMP Active” | Presented by RIMS November 4, 2021 | “Using IoT Technology to Lower the Cost of Commercial Insurance Risk” | Sponsored by The Hartford November 18, 2021 | “Bermuda Captives — Turning Ideas into Reality” | Presented by the Bermuda Business Development Agency Sponsored RIMScast Episodes: “The Golden Era of Insurance” | Sponsored by The Hartford “Insurance Investigation Trends Happening Now” | Sponsored by Travelers “What Could a CRO Do for Your Business?” | Sponsored by Riskonnect “Hard Reality: A Look at Rising Rates in Property & Excess Casualty” | Sponsored by AXA XL “Property Valuation Deep Dive” | Sponsored by TÜV SÜD “Property Loss Control Engineering” | Sponsored by Prudent Insurance Brokers Virtual Workshops: RIMS-CRMP Exam Prep Virtual Workshops (October 2021) — Gain an edge with the RIMS-CRMP; the only internationally accredited risk management certification! RIMS Virtual Workshops: Claims Management — Register now for Nov. 8‒9th Spencer's Risk Manager on Campus Program — Volunteer Today! Related RIMScast Episodes: “Pride Month 2021: How Risk Pros Can Protect and Uplift LGBTQ+ Employees” “Diversity as a Successful Business Division with Rodney Johnson” “Asian Pacific American Heritage Month 2021” “Discussing Black History Month and the Risk Profession with Tammy Franklin of Marsh” “Pride Month with RIMS D&I Council Members, Kevin Thomas, and Victoria Nolan” “Talking Diversity and ERM at the RIMS ERM Conference 2019” “The Current State of the Risk Management Profession's Talent Supply, Future Outlooks, and the Influence of Diversity and Inclusion Programs” 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 Path To The Boardroom — Visit for past webinar presentations and interviews! RIMS Virtual Workshops Upcoming RIMS Webinars On-Demand Webinars RIMS Advisory Services — Ask a Peer Risk Management Magazine Risk Management Monitor RIMS Coronavirus Information Center RIMS Risk Leaders Series — New interview with RIMS 2021 Risk Manager of the Year, Michael Harrington! RIMS-Certified Risk Management Professional (RIMS-CRMP) RIMS-CRMP Stories — New interview featuring Kirk Andersen! Spencer Educational Foundation RIMS Advocacy   Want to Learn More? Keep up with the podcast on RIMS.org and listen on iTunes. Have a question or suggestion? Email: Content@rims.org.   Join the Conversation! Follow @RIMSorg on Facebook and Twitter, and LinkedIn.   Follow up with Our Guest: Tara Lessard Webb's LinkedIn   Tweetables (For Social Media Use):   “For the last 18 months, during the pandemic, we've had an opportunity to be mindful and to have discussions [about the] social injustices [of] the BIPOC community.” — Tara Lessard Webb   “I think that's where [we] need to start — [creating] awareness. … Get people more engaged and understand how we need to better support each other.” — Tara Lessard Webb   “I truly believe [that] if you focus on how to be more inclusive then diversity will eventually follow.” — Tara Lessard Webb   “How do you make sure that everyone feels like they have a voice and that they're being included; that they're being considered? Well, it's [in] getting that feedback.” — Tara Lessard Webb   “Getting that valuable feedback from members of the organization is the starting point [to better DEI].” — Tara Lessard Webb   “The more diversity you have, the more successful [your organization will be].” — Tara Lessard Webb

Welcome to RIMScast. Your host is Justin Smulison, Business Content Manager at RIMS, the Risk and Insurance Management Society.   This week, Justin Smulison is joined by Kirk Andersen, the Global Risk Manager at Tsubakimoto Chain Co., a company based in Japan. He has over 13 years of experience working in a variety of translation, planning, and risk management roles; five years of experience working in Japanese local governments, and over 20 years of Japanese corporate/governmental experience. His career history is deeply fascinating and demonstrates how a love of linguistics and travel has brought him to the risk profession and Japan.   In this episode, Kirk shares all about his career experience with risk management in Japan. As the first risk professional based in Japan to earn the RIMS-CRMP, he also speaks about his inspiration to pursue the certification and how he believes it can positively impact professionals in the country.   Key Takeaways: [:01] About RIMS' Global Membership. [:26] About today's episode with Kirk Andersen. [:32] Upcoming RIMS current virtual offerings. [:56] How to register for the upcoming RIMS ERM Conference. [1:14] Other upcoming RIMS virtual conferences. [1:40] More about today's episode. [2:30] Justin welcomes Kirk Andersen to RIMScast! [2:42] Justin congratulates Kirk as the first RIMS-CRMP holder in Japan. [3:05] Kirk shares what originally brought him to both Japan and risk management. [5:42] Did Kirk find that risk management came naturally to him? [6:54] About the company Kirk works for, Tsubakimoto Chain Co., and what they produce. [8:15] The Japanese culture's approach to risk management. [9:12] Kirk shares how he meets his Japanese counterparts halfway when it comes to risk. [10:35] How did Kirk feel when he realized he would be staying in Japan for the long term? [11:30] Does Kirk have dual citizenship? [11:51] All about the upcoming RIMS webinars! [12:43] Justin welcomes Morgan O'Rourke to the podcast for a quick chat about the RIMS app! [13:09] Who can download the RIMS app? Where can you download it? [13:30] What you will find on the RIMS app. [14:06] Is the RIMS app constantly evolving? Will there be updates down the line? [14:25] How to provide feedback on your RIMS app experience. [14:41] Returning to the interview with Kirk Andersen. [14:53] In Kirk's RIMS-CRMP story (published on RIMS.org), he mentioned that part of his work involves “J-SOX” (also known as the Financial Instruments and Exchange Act). Kirk elaborates on what this is, his involvement with it, and why other risk professionals across the globe might need to know about it at some point. [19:30] What led Kirk to pursue a RIMS-CRMP certification. [20:05] How obtaining his CRMP certification has helped Kirk stay connected to risk management and risk professionals all around the world. [20:57] Has Kirk run into other risk professionals such as himself in Japan? [21:32] Kirk shares some final words of wisdom for risk professionals around the world. [22:51] About Kirk's virtual presentation at the upcoming Annual Fall Conference for the Association of Risk Management. [23:25] Justin thanks Kirk for joining RIMScast and shares some of the links to look out for in this episode's show notes!   Mentioned in this Episode: RIMS Events, Education, and Services: RIMS ERM Conference 2021 will be held Nov. 11th & 12th in NYC RIMS India 2021 — Virtual Two-Day Event! December 3rd & 4th — Register Today! RIMS Risktech Forum 2021 — Virtual Two-Day Event! December 7th & 8th — Register Today! NEW FOR MEMBERS! RIMS Mobile App RIMS Buyers Guide Kirk Andersen's RIMS-CRMP Story: First CRMP in Japan Upcoming Webinars: October 21, 2021 | “Community-Sourced Risk Research & Best Practices” | Sponsored by Vector LiveSafe October 26, 2021 | “Cyber Risk and the C-Suite” |  Presented by RIMS Path To The Boardroom October 28, 2021 | “Risking it All? Taking the Leap into Enterprise Risk Management (ERM) from RMIS” | Sponsored by Origami Risk November 1, 2021 | “Recertification: Keep Your RIMS-CRMP Active” | Presented by RIMS November 4, 2021 | “Using IoT Technology to Lower the Cost of Commercial Insurance Risk” | Sponsored by The Hartford Sponsored RIMScast Episodes: “What Could a CRO Do for Your Business?” | Sponsored by Riskonnect “Hard Reality: A Look at Rising Rates in Property & Excess Casualty” | Sponsored by AXA XL “Property Valuation Deep Dive” | Sponsored by TÜV SÜD “Property Loss Control Engineering” | Sponsored by Prudent Insurance Brokers Virtual Workshops: RIMS-CRMP Exam Prep Virtual Workshops (October 2021) — Gain an edge with the RIMS-CRMP; the only internationally accredited risk management certification! RIMS Virtual Workshops: Claims Management — Register now for Nov. 8‒9th Spencer's Risk Manager on Campus Program — Volunteer Today! Related RIMScast Episodes: “Rethinking the Impact of Disruption on ERM Tools and Processes with Ward Ching and Dr. Paul Walker” “Debt and Economic Risk with Marco Dondi” “Asian Pacific American Heritage Month 2021” “RIMS 2021 Risk Manager of the Year: Michael Harrington” “Managing and Measuring Resilience in India with Ashish Parakh of Marsh” “Deepak Padaki and the RIMS Award-Winning ERM Program at Infosys” “ERM in Shanghai, China with Robert Zhang, IKEA China Risk Management & Compliance Director” “Water Risks with Henk Ovink, Special Envoy for International Water Affairs for the Kingdom of the Netherlands” 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 Path To The Boardroom — Visit for past webinar presentations and interviews! RIMS Virtual Workshops Upcoming RIMS Webinars On-Demand Webinars RIMS Advisory Services — Ask a Peer Risk Management Magazine Risk Management Monitor RIMS Coronavirus Information Center RIMS Risk Leaders Series — New interview with RIMS 2021 Risk Manager of the Year, Michael Harrington! RIMS-Certified Risk Management Professional (RIMS-CRMP) RIMS-CRMP Stories — New interview featuring Kirk Andersen! Spencer Educational Foundation RIMS Advocacy   Want to Learn More? Keep up with the podcast on RIMS.org and listen on iTunes. Have a question or suggestion? Email: Content@rims.org.   Join the Conversation! Follow @RIMSorg on Facebook and Twitter, and LinkedIn.   Follow up with Our Guests: Kirk Andersen's LinkedIn Morgan O'Rourke's LinkedIn   Tweetables (For Social Media Use):   “There are different theories of language. One I like is the idea that language is innate; that we … are born understanding language. … To the same extent, there's a lot of innateness to risk management. … We innately understand what our risk tolerance is.” — Kirk Andersen   “There's more to risk than just the negative side. [There's] the proactive side that you can take advantage of.” — Kirk Andersen   “Japanese companies are like a cruise ship. It takes a long time and many minor course corrections to change course, but once you're on a new course, you're on there for a long time.” — Kirk Andersen   “It's important to be able to take a step back and reformulate how you approach [risk].” — Kirk Andersen

Welcome to RIMScast. Your host is Justin Smulison, Business Content Manager at RIMS, the Risk and Insurance Management Society.   Today, Justin is rejoined by one of his favorite guests, Nir Kossovsky, the CEO of Steel City Re! Nir is an authority on business, process risk, and reputational value. He's been an industry-wide leader in the development of index measures of reputational value and actuarially sound underwriting methods that deter reputational attacks and protect companies and their leadership.   In their conversation together, Nir is talking all about reputation risk. He provides a preview of his upcoming session on reputation risk at the 2021 RIMS ERM Conference, shares his perspective on reputation and how it has changed since COVID-19 and the key ESG Commitments that boards can make (and shouldn't make) both in the long term and short term.   Also, stay tuned for a quick conversation in the middle of the episode with Morgan O'Rourke to discuss the new RIMS app!   Key Takeaways: [:01] About RIMS' Global Membership. [:12] About the RIMS Buyers Guide. [:46] About today's episode with Nir Kossovsky. [:54] Upcoming RIMS current virtual offerings. [1:17] How to register for the upcoming RIMS ERM Conference. [1:33] Other upcoming RIMS virtual conferences. [2:00] More about today's episode. [2:25] Justin welcomes Nir Kossovsky back to RIMScast! [2:31] How Nir's perception and perspective on reputation changed since COVID-19. [6:01] Would Nir agree that reputation makes up a large part of any organization's ERM program? [7:18] Does Nir often see that the line between Chief Legal Officer and Chief Risk Officer starts to blur after a while? Are these roles starting to be condensed into one? [9:15] What does Nir think about “T” (standing for “Technology”) being added at the end of ESG? [10:54] Upcoming RIMS webinars! [11:50] Justin introduces a quick conversation with RIMS Publication Director Morgan O'Rourke to discuss the new RIMS app. [12:02] Justin welcomes Morgan to the podcast! [12:15] Who can download the RIMS app? Where can you download it? [12:40] What you will find on the RIMS app. [13:15] Is the RIMS app constantly evolving? Will there be updates down the line? [13:31] How to provide feedback on your RIMS app experience. [13:51] Returning to the interview with Nir Kossovsky. [14:01] The key ESG Commitments that boards can make (and shouldn't make), both long-term and short-term. [20:08] Nir shares a sneak preview of what he will be presenting at the ERM Conference on Nov. 11th on the topic of reputation. [22:17] Looking ahead, what does Nir believe will be the next event (equal in magnitude to COVID-19) that will affect the practice of risk management and reputational risk? [24:59] Justin thanks Nir Kossovsky for joining RIMScast and shares some of the links to look out for in this episode's show notes!   Mentioned in this Episode: RIMS Events, Education, and Services: RIMS ERM Conference 2021 will be held Nov. 11th & 12th in NYC RIMS India 2021 — Virtual Two-Day Event! December 3rd & 4th — Register Today! RIMS Risktech Forum 2021 — Virtual Two-Day Event! December 7th & 8th — Register Today! NEW FOR MEMBERS! RIMS Mobile App RIMS Buyers Guide Upcoming Webinars: October 13, 2021 | “Board Dynamics: Confidence, Communication and Clarity” | Presented by RIMS Path To The Boardroom October 21, 2021 | “Community-Sourced Risk Research & Best Practices” | Sponsored by Vector LiveSafe October 26, 2021 | “Cyber Risk and the C-Suite” |  Presented by RIMS Path To The Boardroom October 28, 2021 | “Risking it All? Taking the Leap into Enterprise Risk Management (ERM) from RMIS” | Sponsored by Origami Risk November 1, 2021 | “Recertification: Keep Your RIMS-CRMP Active” | Presented by RIMS November 4, 2021 | “Using IoT Technology to Lower the Cost of Commercial Insurance Risk” | Sponsored by The Hartford Sponsored RIMScast Episodes: “What Could a CRO Do for Your Business?” | Sponsored by Riskonnect “Hard Reality: A Look at Rising Rates in Property & Excess Casualty” | Sponsored by AXA XL “Property Valuation Deep Dive” | Sponsored by TÜV SÜD “Property Loss Control Engineering” | Sponsored by Prudent Insurance Brokers Virtual Workshops: RIMS-CRMP Exam Prep Virtual Workshops (October 2021) — Gain an edge with the RIMS-CRMP; the only internationally accredited risk management certification! RIMS Virtual Workshops: Claims Management — Register now for Nov. 8‒9th Spencer's Risk Manager on Campus Program — Volunteer Today! Related RIMScast Episodes: “Reputational Risk with Nir Kossovsky” (2018) “Rethinking the Impact of Disruption on ERM Tools and Processes with Ward Ching and Dr. Paul Walker” “Measuring Reputation Risk with Kasper Nielsen” “Mastering Intelligence Risk Management with Dr. Jay Grusin and Steve Lindo” 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 Upcoming RIMS Webinars On-Demand Webinars RIMS Advisory Services — Ask a Peer Risk Management Magazine Risk Management Monitor RIMS Coronavirus Information Center RIMS Risk Leaders Series — New interview with RIMS 2021 Risk Manager of the Year, Michael Harrington! RIMS-Certified Risk Management Professional (RIMS-CRMP) RIMS-CRMP Stories — New interview featuring Steve Pottle! Spencer Educational Foundation RIMS Advocacy   Want to Learn More? Keep up with the podcast on RIMS.org and listen on iTunes. Have a question or suggestion? Email: Content@rims.org.   Join the Conversation! Follow @RIMSorg on Facebook and Twitter, and LinkedIn.   Follow up with Our Guests: Nit Kossovsky's LinkedIn Morgan O'Rourke's LinkedIn   Tweetables (For Social Media Use):   “COVID removed the blinders for most individuals. … For some, the world slowed down … and it began to allow people to ask the question, ‘What is important to me?' … I think that … gave rise to the surge in the ESG movement.” — Nir Kossovsky   “The capital markets also think that is true now; that reputation is a major component of [an] organization's ERM program. And that capital's view is focused on … three … reputational issues that have become mission-critical from almost every company … — ESG.” — Nir Kossovsky   “40% of Chief Legal Officers are reporting now that reputation risk is on their agenda.” — Nir Kossovsky   “What boards should do in the context of protecting the assets of a firm is to commit to process … that, today, involves general counsel … the enterprise risk manager … [and] risk management … with governance, leadership broadly, controls, and insurances.” — Nir Kossovsky

Welcome to RIMScast. Your host is Justin Smulison, Business Content Manager at RIMS, the Risk and Insurance Management Society.   This week, Justin Smulison is joined by author and management consultant, Marco Dondi! Since his humble beginnings on the outskirts of Milan, Marco has established his career and expertise as a strategy consultant with over a decade of experience in advising CEOs and government officials on economics, economic development, banking, education, adult training, and people development. Most recently, he wrote his book, Outgrowing Capitalism: Rethinking Money to Reshape Society and Pursue Purpose, which sheds light on the fact that most people do not have the economic security to focus on purpose and life fulfillment.   In this episode, Marco speaks about outgrowing capitalism from the lens of risk. He speaks about the ongoing risk that COVID-19 is causing the global economy, what the role of central banks should be in the next major crisis, and why debt and inflation are major economic and political risks that risk professionals need to be paying attention to.   Key Takeaways: [:01] About RIMS' Global Membership. [:25] About today's episode with Marco Dondi. [:32] How to register for this year's RIMS ERM Conference. [:49] Other upcoming RIMS current virtual offerings. [2:12] More about today's episode. [2:24] Justin welcomes Marco Dondi to RIMScast! [2:40] Marco shares his career history. [3:22] What is the risk of the U.S. defaulting from an economic perspective (similarly to 2008)? Would the fallout be different now than in 2008? [5:59] Marco's insights on the ongoing risk of COVID-19 to the global economy and what the role of central banks should be in the next major crisis that will shake up the economic markets. [8:15] How frequently does Marco watch the actual global economic models? How does he feel that they could become further strained? [9:42] All about the RIMS Mobile App and the RIMS Buyers Guide! [10:50] What is hyperinflation? And how is it different from regular inflation? [13:25] Is hyperinflation an economic risk or a political risk? Or both? [14:59] Having traveled to more than 60 countries, Marco shares what he has learned about the magnitudes of some of the global risks from an economic perspective. [20:50] Justin thanks Marco Dondi for joining RIMScast and shares some of the links to look out for in this episode's show notes!   Mentioned in this Episode: Outgrowing Capitalism: Rethinking Money to Reshape Society and Pursue Purpose, by Marco Dondi RIMS Events, Education, and Services: RIMS ERM Conference 2021 will be held Nov. 11th & 12th in NYC RIMS Path To The Boardroom — Visit for past webinar presentations and interviews! NEW FOR MEMBERS! RIMS Mobile App RIMS Buyers Guide Upcoming Webinars: October 7, 2021 | “Surety Bonds: Understanding the Benefits” | Sponsored by Travelers October 13, 2021 | “Board Dynamics: Confidence, Communication and Clarity” | Presented by RIMS Path To The Boardroom October 21, 2021 | “Community-Sourced Risk Research & Best Practices” | Sponsored by Vector LiveSafe October 26, 2021 | “Cyber Risk and the C-Suite” |  Presented by RIMS Path To The Boardroom October 28, 2021 | “Risking it All? Taking the Leap into Enterprise Risk Management (ERM) from RMIS” | Sponsored by Origami Risk Sponsored RIMScast Episodes: “What Could a CRO Do for Your Business?” | Sponsored by Riskonnect “Hard Reality: A Look at Rising Rates in Property & Excess Casualty” | Sponsored by AXA XL “Property Valuation Deep Dive” | Sponsored by TÜV SÜD “Property Loss Control Engineering” | Sponsored by Prudent Insurance Brokers Virtual Workshops: RIMS-CRMP Exam Prep Virtual Workshops (October 2021) — Gain an edge with the RIMS-CRMP; the only internationally accredited risk management certification! RIMS Virtual Workshops: Claims Management — Register now for Nov. 8‒9th Spencer's Risk Manager on Campus Program — Volunteer Today! Related RIMScast Episodes: “The Tragedy of the Commons with Les Williams” “Speaking with Leaders in Risk Management at the RIMS Risk Forum India 2018 (Part 2)” 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 Upcoming RIMS Webinars On-Demand Webinars RIMS Advisory Services — Ask a Peer Risk Management Magazine Risk Management Monitor RIMS Coronavirus Information Center RIMS Risk Leaders Series — New interview with RIMS 2021 Risk Manager of the Year, Michael Harrington! RIMS-Certified Risk Management Professional (RIMS-CRMP) RIMS-CRMP Stories — New interview featuring Steve Pottle! Spencer Educational Foundation RIMS Advocacy   Want to Learn More? Keep up with the podcast on RIMS.org and listen on iTunes. Have a question or suggestion? Email: Content@rims.org.   Join the Conversation! Follow @RIMSorg on Facebook and Twitter, and LinkedIn.   Follow up with Our Guest: Marco Dondi's LinkedIn Marco Dondi's Website Outgrowing Capitalism: Rethinking Money to Reshape Society and Pursue Purpose, by Marco Dondi   Tweetables (For Social Media Use):   “The major risk of [COVID-19]” — Marco Dondi   “The role of central banks needs to become much more direct. Or, at least, it can become if we want it.” — Marco Dondi   “Risk is one thing. Managing significant uncertainty is very different. It's unpredictable.” — Marco Dondi

Ricardo Bocutti e a importância do COMPLIANCE na cadeia de suprimentos com a Ericsson - O Ricardo é executivo com mais de 12 anos de experiência em Compliance, Enterprise Risk Management (ERM) e Controles Internos, atuando em diversos setores como Power and Energy, Agronegócio, Telecom, Varejo e alimentos. Conhecimento em metodologias de risco, compliance, leis e ISO´s e certificação CCEP-I: Profissional Certificado de Conformidade e Ética Internacional pela SCCE. Graduado em Administração de Empresas pela Universidade Presbiteriana Mackenzie e Pós-Graduado em Finanças pelo Insper.Se você estiver ouvindo esse episódio pelo Spotify não esqueça de clicar no botão “seguir”, se você estiver ouvindo pelo Apple Podcasts deixe 5 estrelas e comentário que eu leio todos. Me adiciona também no

With the consistent year over year growth of data breaches, it's becoming more important for successful businesses to develop a comprehensive Enterprise Risk Management (ERM) program that provides the capital and tools needed to mitigate the enormous cost of a breach. An effective ERM program can mitigate your data breach risk, address gaps in cyber insurance policies, and create a rainy day fund of tax-advantaged dollars to use in the event of a breach.

With the consistent year over year growth of data breaches, it's becoming more important for successful businesses to develop a comprehensive Enterprise Risk Management (ERM) program that provides the capital and tools needed to mitigate the enormous cost of a breach. An effective ERM program can mitigate your data breach risk, address gaps in cyber insurance policies, and create a rainy day fund of tax-advantaged dollars to use in the event of a breach.

In building a sellable business, you need to “protect the value of your business” and continually manage areas like the one we’re going to talk about today, cyber security. We’ve discussed the topic here before, and will continue to in the future because it’s so important, and October happens to beCyber Awareness Month which is another good reason to talk about it today.Listen to these statistics gathered from numerous sources regarding Cyber risk:1. 43% of cyber-attacks target small businesses.2. 60% of small businesses that are victims of a cyber attackgo out of business within six months.3. 66% of small businesses are concerned or extremelyconcerned about cyber security risk.4. 47% of small businesses say they have no understanding ofhow to protect themselves against cyber attacks.So, our topic today is Protecting Value Through Cyber Risk Management, and our goals today would be to raise awareness of the risks and provide some actions you can take to mitigate the risk.Our guest is Melissa Musser of GRF CPAs and Advisors. Melissa is a principal at GRF CPAs & Advisors with over 15 years of professional experience. Her expertise includes establishing, maintaining and optimizing internal controls, compliance, Enterprise Risk Management(ERM), and cybersecurity programs. She is also the proud recipient of the 2018 AICPA InformationManagement and Technology Assurance (IMTA) Standing Ovation award.

How is the U.S. Department of Veterans Affairs (VA) using Enterprise Risk Management (ERM) to assess threats and opportunities facing the department and the veterans it serves? What is VA doing to promote and support a risk aware culture throughout the department? How is VA using strategic foresight and ERM to make better decisions? Join host Michael Keegan as he explores these questions and more with Preston Finley, Director - Foresight, Strategic Planning & Risk Management within the U.S. Department of Veterans Affairs.

How is the U.S. Department of Veterans Affairs (VA) using Enterprise Risk Management (ERM) to assess threats and opportunities facing the department and the veterans it serves? What is VA doing to promote and support a risk aware culture throughout the department? How is VA using strategic foresight and ERM to make better decisions? Join […]

Internal Audits frequently asked questions. Learn internal audits with this educational video from CEO Kobi Simmat. Following our successful Internal Auditor Live Webinar, we received a load of questions surrounding Internal Auditing. #AskBestPractice brings you the part 2 in this 2 part series on frequently asked questions around Internal Auditing. Q5. Is it mandatory to have an internal audit activity? 00:55:23 Q6. What are the critical skills and attributes of a chief audit executive? 03:17:03 Q7. What are the skill sets and staffing needs of an internal audit activity? 05:50:02 Q8. What is Enterprise Risk Management (ERM) and what role in it does internal auditing play? 07:26:22 Download your Gap Analysis Checklist here: https://bit.ly/2EIFAHf When you complete a Best Practice Online Training Course, you will receive a certificate of formal recognition as being Best Practice Qualified, that complies with management systems. #AskBestPractice Got a question? Comment your question below and our experienced staff will reply with a tailored video answer on our Youtube channel. #BestPracticeTVVlog Behind the scenes with our CEO Kobi Simmat in our head office. Keep up to date with the latest Best Practice news, updates and events. Become an Internal Auditor with our international Internal Auditor Training Course : https://goo.gl/PJRyPF Our ISO Induction course has helped thousands of new employees, try it today : https://goo.gl/DDTTzh Become a member of the Best Practice team and receive exclusive discounts and special event invitations via email at: https://goo.gl/uJTioQ Learn the Essentials of the ISO Standards with our Extensive range of High Quality Courses ISO 9001:2015 | https://goo.gl/HnpjLd ISO 14001:2015 | https://goo.gl/h5HHGa ISO 45001 | https://goo.gl/ZqDN2y Looking to Transition to the NEW Standards? It's easy with our ready made Courses ISO 9001:2015 | https://goo.gl/9nf1Dh ISO 14001:2015 | https://goo.gl/n3e73P Begin your certification journey with our range of ISO checklists ISO 9001:2015 | https://goo.gl/EZAiwB ISO 14001:2015 | https://goo.gl/Tu1uED ISO 27001 | https://goo.gl/2Hifr9 AS/NZS 4801 | https://goo.gl/N4upMN Follow and subscribe to: Best Practice Website : https://goo.gl/uJTioQ Facebook : https://goo.gl/VOJfKZ LinkedIn : https://goo.gl/dZmlTr Youtube : https://goo.gl/8SVD9E Instagram : @bestpracticetv Snapchat : @bestpracticetv Dreams by Joakim Karud https://soundcloud.com/joakimkarud Creative Commons - Attribution-ShareAlike 3.0 Unported- CC BY-SA 3.0 http://creativecommons.org/licenses/b... Music provided by Audio Library https://youtu.be/VF9_dCo6JT4

Have you ever wondered where internal audit functions and fraud investigations intersect? How they're different? On this week's episode of The Investigation Game Podcast, Leah interviews Jami Shine, Corporate and IT Audit Manager for QuikTrip Corporation about this very topic. Join us either via audio or video this week wherever you listen to podcasts or YouTube!Jami Shine graduated summa cum laude from the Honors Program at Oral Roberts University and has over 13 years of combined internal and external audit experience. She is currently the Corporate and IT Audit Manager for QuikTrip Corporation, where she manages operational, IT, and financial audits and consulting engagements. She also co-facilitates the Enterprise Risk Management (“ERM”) program and conducts the annual risk assessment process with the CAE. Her favorite project at QuikTrip was getting to write and facilitate a series of training videos for the 20,000+ store employees. Jami enjoys being a facilitator for the Institute of Internal Auditors (“IIA”), leading both online and in-person trainings, as well as being a recurring speaker at IIA and MISTI conferences, IIA and ISACA chapters, and other local organizations. She also loves serving as a member of the IIA's North American Chapter Relations Committee. She was honored with the IIA Tulsa Chapter's “Auditor of the Year” Award in 2018.Connect with Jami: jshine@quiktrip.comLinkedIn: https://www.linkedin.com/in/jamishine/ Subscribe to Workman Forensics: http://bit.ly/2Qrna20   LIKE us on Facebook: http://bit.ly/2K73yiN   FOLLOW us on Twitter: http://bit.ly/2WoRQ9N   FOLLOW us on Instagram: http://bit.ly/2W9rf0Z   FOLLOW us on LinkedIn: http://bit.ly/2I3iH1X

Risk managers must often sift through the cacophony of demands for resources and advocacy to identify a diverse set of risks to include in their organization’s risk register. These managers of cyber risk face this problem when trying to prioritize risks within the scope of their function, only to then turn to executives and justify the need for resources. OCTAVE FORTE, a new and upcoming Enterprise Risk Management (ERM) process model developed by Carnegie Mellon’s CERT Division of the SEI, provides a scalable and standardized process that assists managers and with policy guidelines and tools necessary for identifying risks and justifying the resources needed for the organization’s proper response to them. Attendees at the OCTAVE FORTE webcast learn more about the new OCTAVE FORTE process and learn about a report, Advancing Risk Management Capability Using the OCTAVE FORTE Process, due this Fall. More specifically, the webcast attendees can expect to learn about the fundamental steps of the process and how they might apply them in their own organization.

Post By: Adam Turteltaub As business continues to increasingly embrace the concept of risk management, where does compliance fit, particularly in the context of broader Enterprise Risk Management (ERM) frameworks? It’s a tough question that James Rose, Managing Director of Sunhawk Consulting tackles in this Compliance Perspectives podcast. As he explains, ERM starts with an organization’s overall strategic and financial objectives. It is much more internal in its orientation that compliance risk management, which is driven by externally imposed regulatory frameworks. But while this is a key difference, both are intertwined, with each requiring prioritization of efforts. More, compliance likely will find itself competing for resources as part of the broader ERM discussion. As a result, compliance leaders need to have a deep understanding of the organization’s approach to ERM, and where compliance fits, to ensure that the compliance program gets the resources it needs. Listen in to learn more about the risks and opportunities where ERM and compliance risk management meet.

In this episode of the Inspire Podcast, Bart Egnal speaks with Alizabeth Calder, Senior Vice President & Chief Information Officer at HomeEquity Bank. They talk about how to communicate with confidence at the Board and Executive level. Alizabeth is a senior technology strategist, published business author, certified corporate director (ICD.D), and recognized speaker. She delivers governance and leadership at the Board, CEO and CIO level, including in Enterprise Risk Management (ERM), cybersecurity, and crisis management. Here are some moments from their conversation: Alizabeth's book: Duty of Care. (3:22) Make technology a management conversation. (6:32) Mindset of the C-suite. (8:10) Find a "loving critic" and board level articles. (10:20) Steps to prepare for presentations. (11:26) Gauge the room. (13:00) "Nose in, fingers out." (15:15) The boardroom experience. (17:53) Get people looking at you. (21:41) Redirecting tangential questions. (22:49) Wrapping up. (24:00) Elevator chat with senior executive. (26:01) Listen now to hear more! Learn more about Alizabeth Calder: http://alizabethcalder.com/ -- Listen on Apple Podcasts, Stitcher, Soundcloud and Google Podcasts.

Dave Ingram, FSA, CERA, MAAA, is a member of the Willis Re’s analytics team and is currently based in New York. He offers insurers a practical way to use Enterprise Risk Management (ERM) and assists his clients with developing their first ORSA. On today’s show, Ingram shares some of his professional highlights in the field of risk management.   Mentioned in This Episode: Listen at Your Own Risk SOA Website   Connect with Dave: Willisre.com LinkedIn   Leave a Review: Did you like this episode? Please leave a review on iTunes with your feedback! Also, please subscribe to the Listen at Your Own Risk podcast on iTunes to get notified when a new episode gets released. Thank you for listening to this week’s show and tune in next week for another great guest.

Welcome to the tenth episode of RIMScast. Your host is Justin Smulison, Business Content Writer at RIMS, the Risk and Insurance Management Society.   This is a very special edition of RIMScast as it was recorded live, on-site, at the RIMS ERM Conference in Montreal, Quebec. Featuring insight from three of the conference’s speakers — Angela Slobodian, the Acting Director of Health and Wellness for the Ottawa Police Service; Bonnie Frank, Vice President of PSP Investments; and Laura Cisi, the Vice President of Global Risk Management for the Clorox Company — this episode has some great key takeaways! Each of these guests is from an entirely different industry with differing goals, approaches, and frameworks.   Tune in to hear all about how Angela has added Enterprise Risk Management (ERM) practices to their organization to help improve their health and wellness risk management, how ERM has been a useful part of crisis management in Bonnie’s world, and Laura’s thoughts on what risk managers can do to improve their chances at being a part of more high-level conversations.   Key Takeaways: [:15] About today’s guest and episode. [:38] An introduction to the first featured guest: Angela Slobodian. [1:12] About Angela’s presentation at the conference and why she chose health and wellness risk to focus on. [2:30] How adding ERM practices has helped improved health and wellness risk in Angela’s organization (and how it can help improve it in others’, as well.) [3:34] What risks are being overlooked if health and wellness are not given the attention that is required? [5:29] Factors that led to Angela to creating her program at the police department. [6:26] Key ideas Angela took away from the keynote speech of the conference. [7:35] An introduction to the second featured guest: Bonnie Frank. [8:09] Bonnie explains how ERM can be a useful part of crisis management. [9:14] Bonnie’s thoughts for ERM and crisis management folks collaborating. [9:56] Bonnie’s ideas on how to protect your organization (in relation to the recent bomb scares.) [12:35] An introduction to the third featured guest: Laura Cisi. [13:20] Laura explains what the ‘table’ is and why risk managers should be mindful of it. [14:00] Laura’s top tips for getting to be at the table. [14:40] What Laura feels risk managers can do to improve their chances at being a part of those higher level conversations. [16:29] How Laura got back in the ‘loop’ when she was out of it. [18:07] Did Clorox Company’s recent marketing stem from the risk management department? [19:55] Does the risk management department weigh into the marketing department’s efforts and ideas? [21:21] Once someone has made it to the table, how do they stay there? [22:53] Be sure to visit RIMS.org for more content and email Justin at Content@rims.org if you have a comment or suggestion.   Mentioned in this Episode: RIMS.org RIMScast — Live From the 2018 ERM Conference (Scroll down to the first available link to listen to the members-only exclusive podcast!) RIMS Risk Forum (Nov 13-14th) in Mumbai, India (10% off discount available for registration using the code: WEBINAR10)   Want to Learn More? Keep up with the podcast on RIMS.org and listen on iTunes. Have a question or suggestion? Email: Content@rims.org.   Join the Conversation! Follow @RIMSorg on Facebook and Twitter, and join the RIMS Group on LinkedIn.   Follow up with Our Guests: Angela Slobodian’s LinkedIn Bonnie Frank’s LinkedIn Laura Cisi’s LinkedIn  

Often times, people get confused between Enterprise Risk Management (ERM) and Third Party Risk Management (TPRM). In the past, we've covered the technical differences between ERM and third party risk management. Today, Third Party Thursday covers steps and tips on how to properly integrate Third Party Risk Management in your Enterprise Risk Management Program.

Sponsored by the MS in ERM Program at Yeshiva University's Katz School: www.yu.edu/katz/programs/graduate/ms-risk In this episode we spoke with Prakash Vanguri about risk and the Olympics. Prakash Vanguri is the Head of the Enterprise Risk Management (ERM) function at Healthfirst and adjunct faculty member in the Master of Science in Enterprise Risk Management at Yeshiva University’s Katz School. He is a thought leader with over 15 years of ERM experience and served U.S. and emerging markets. In his role, he works closely with Healthfirst’s Board and Executive Leadership in identifying, assessing and quantifying key enterprise risks that could impede the achievement of Healthfirst’s strategic objectives. Prior to Healthfirst, Mr. Vanguri was the Director of ERM for Cambia Health Solutions (formerly Regence Blue Cross Blue Shield), a family of more than 25 health care companies dedicated to transforming health care. He also spent several years with Deloitte in their Governance Regulatory and Risk Services practice and had the unique opportunity to design and deliver customized ERM solutions for several Fortune 100 companies and quasi-governmental agencies. For more on this, see our article: https://blogs.yu.edu/news/olympics-games-post-unique-challenges-for-erm/

Mike Midgley of Swiss Re discusses how Enterprise Risk Management (ERM) is an essential strategic business discipline providing healthcare organizations with a approach to maximize value protection and creation by managing risk and uncertainty. In order to succeed in today's challenging environment, healthcare organizations need to be looking into the windshield instead of the rear view mirror. Join us to learn more about the fundamentals of ERM in healthcare, analyze a risk decision based on ERM principles and evaluate the benefits of operating under an ERM model. The post Enterprise Risk Management in Healthcare appeared first on First Healthcare Compliance.

Mike Midgley of Swiss Re discusses how Enterprise Risk Management (ERM) is an essential strategic business discipline providing healthcare organizations with a approach to maximize value protection and creation by managing risk and uncertainty. In order to succeed in today's challenging environment, healthcare organizations need to be looking into the windshield instead of the rear view mirror. Join us to learn more about the fundamentals of ERM in healthcare, analyze a risk decision based on ERM principles and evaluate the benefits of operating under an ERM model. The post Enterprise Risk Management in Healthcare appeared first on First Healthcare Compliance.

The public and private sectors are equally struggling with cyber security issues. Despite the development of innovative problem-solving technologies and systems, many small, medium, and large companies are still at great risk of a cyber attack. In this episode of In-House Legal, Randy Milch interviews Peter Beshar, executive vice president and general counsel of Marsh & McLennan, about his path to becoming general counsel and how businesses should approach the issue of cyber security. Beshar discusses cyber security risks and how they affect the private and public sectors. He explains Enterprise Risk Management (ERM): technological innovations coupled with cyber insurance which drives and modifies people’s behavior. Additionally, he says, the government should interact with private businesses to share cyber threat indicators and provide widespread information about preventing cyber attacks.

CFO's Mary Beth Findlay interviews Chris Bell, Chief Marketing Officer of Active Risk and author of The Enterprise Risk Management Readiness Guide, about Enterprise Risk Management (ERM). Find out what ERM can do for you and your organization and what steps to take to find out if implementing ERM is right for you.