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Risk as a Team Sport: Taking a Cross Functional Approach to Risk Management
2020-05-06 @ 12:00 pm – 1:00 pm CDT
Today, company leaders must grapple with a variety of circumstances prompted by unpredictable economic times and continuous innovation in a rapidly changing world. More than ever, how well a company manages its business is directly related to how effectively it manages its business risk.
For successful risk management, organizations must develop a proper framework and implementation plan. This often requires a dedicated team with well-defined objectives, a clear scope and an agreed-upon allocation of responsibility. Including company-wide functions like compliance, incident management, accounting, finance and more help mitigate the most common threats to a risk management program: lack of communication, siloed information and buy-in.
Putting together the necessary pieces to successfully create a team to manage risk management is very similar to the steps, strategies and people it takes to develop a football team. Positions like the head coaches/CEOs make strategic decisions for the long term health and success of the team, quarterbacks/COOs are responsible for the operations and more tactical tasks and centers/CFOs are involved in every play of the game, allocating budget to each department much like handing the ball to the appropriate team member. These are just a few of the positions that make up a successful team.
In this webinar, we will:
- Outline the critical risk-related business issues that different organizations face (macroeconomic, strategic, operational)
- Explain the importance of cross-functionality and the necessary roles/positions that play into successful risk management
- Present tactics organizations can use to develop standard policies, measurement methodologies and risk frameworks that can be leveraged cross-functionally, throughout the organization
The GRC 20/20 Speaker . . .
GRC 20/20 ResearchMichael Rasmussen – The GRC Pundit @ GRC 20/20 Research, Michael Rasmussen is an internationally recognized pundit on governance, risk management, and compliance (GRC) – with specific expertise on the topics of GRC strategy, process, information, and technology architectures and solutions. With 27+ years of experience, Michael helps organizations improve GRC processes, design and implement GRC architectures and select solutions that are effective, efficient, and agile. He is a sought-after keynote speaker, author, and advisor and is noted as the “Father of GRC” – being the first to define and model the GRC market in February 2002 while at Forrester Research, Inc.
Webinar Host & Sponsor . . .
LogicGate is a team of pragmatic technologists with a mission to empower organizations to solve complex problems related to regulatory pressures, risks, or compliance requirements. Their technology empowers subject matter experts and business process owners to become self-service and build configurable solutions that connect people, process, and data.
LogicGate’s competencies encompass a wide range of domain expertise including GRC, Financial Services, Healthcare, Pharma, and Energy. Their unique approach and underlying technology not only makes our clients more efficient and enhances collaboration across the enterprise — but it reduces critical risks and reducing potentially damaging compliance violations.