Using Technology When Solving Emerging Risk Issues
By Álvaro Trujillo
Elizabeth Marvan CEO of RHISCO
- Speaks to the value of technology tools as part of strong risk management.
Summary
Risk management is not easy. It is complex. Elizabeth Marvan, the CEO of RHISCO shares insights on that complexity by sharing a different perspective. Elizabeth talks about the need to utilize a variety of risk management tools as a way to ensure complete risk management or risk governance.
Enterprise risk management requires a variety of approaches to address a variety of risks. Cyber risk is different than credit risk. Operational risk is different than financial risk. Technology risk is different than fraud risks. Additionally, all these risks can interact and impact one another. Risk tools help managers understand the nature of risk, the impact of risk to process and employees, and the ultimate costs of unmitigated risks. In this light, Elizabeth talks about aligning tools to risks for best management results.
Elizabeth also shares insights on the value of risk governance specifically for emerging risks in this global environment. No longer can risk managers ignore risk events in Europe or Asia. This means that the acquisition, maintenance and protection of data are important as a means to combat emerging global risks. Risk governance is much more complete and complex requiring more flexibility and alternative approach to be successful. Elizabeth touches upon some of that flexibility in this one of a kind podcast.
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