[Webinar] Risk as A Team Sport: Taking a Cross Functional Approach to Risk Management

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Date: May 6th, 2020

Time: 1 pm Eastern, 12 pm Central

Duration: 60 minutes

Panelist:

• LogicGate:  Matt Kunkel
• GRC 20/20: Michael Rasmussen

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