Banking on Data

In this Risk Intel Podcast episode, host Ed Vincent and Niki White, Chief Growth Officer at SRA Watchtower and former Chief Risk Officer, delved into the intricacies of establishing and cultivating a culture of risk within financial institutions. Their discussion highlighted key drivers that influence risk culture and offered valuable insights on transforming the perception and reality of risk leadership. 

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In this episode of the Risk Intel Podcast, we invite Tyler Pihl, VP - Enterprise Risk at Service Credit Union back to the show to share best practices and guidance on crafting risk appetite statements. Tyler provides valuable insights on rewriting and maintaining risk appetite statements, integrating risk management into organizational culture, and shares concrete examples with our audience. 

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In this episode of the Risk Intel Podcast, Tyler Pihl, VP of Enterprise Risk at Service Credit Union joins the show to share his journey and expertise on building a proactive risk culture.  Tyler highlights the evolution of ERM at Service CU, the importance of communication and relationships, and the continuous effort required to maintain a robust risk management framework. Listen for valuable tips and advice on creating a risk culture.

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In the fast-paced world of FinTech, navigating regulatory landscapes requires a keen understanding of evolving standards and proactive collaboration. Listen as we explore insights from a recent Risk Intel episode featuring Phil Goldfeder, CEO of the American Fintech Council, and Ed Vincent, CEO of SRA Watchtower as they discuss regulations around third-party risk management and how the new Guide for Community Banks can be leveraged.  Let's dive into three key themes: continuous adaptation, the importance of regulatory guidance and best practices, and the need for collaboration and communication. 

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In the ever-evolving landscape of financial services, risk management stands as a critical pillar safeguarding the integrity and stability of institutions. Recently, the Risk Intel Podcast had the privilege of hosting Debbie Bianucci, the President and CEO of ProSight Financial Association, to delve into key risk management trends in banking. Debbie also unveiled the vision behind the merger of BAI and RMA, culminating in the formation of ProSight Financial Association.

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 In the latest episode of the Risk Intel podcast by SRA Watchtower, CEO Edward Vincent and Chief Growth Officer Niki White delve into a crucial aspect of risk management within financial institutions: identifying and dismantling hidden factories. The episode offers actionable diagnostic questions across four key areas: reporting, operations & processes, personnel, and budgeting & planning. Let's explore these takeaways in detail. 

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In this episode of the Risk Intel podcast, we bring back ERM experts Cathy Jackson, Beth Nilles, and Niki White to recap their previous examples of identifying hidden factories within their financial institutions. Each guest shared real-life examples to highlight the importance of mitigating risks associated with redundant processes and helped to quantify the potential costs of these hidden factories causing inefficiencies. Listen to learn more!

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In this episode of the Risk Intel Podcast, we continue the conversation of hidden factories and highlight real-world examples from subject matter experts in risk management, across the banking industry. Today’s guest is Cathy Jackson, Director of Implementations for Watchtower, who brings a unique perspective to the table, having experienced hidden factories, both within financial institutions and while assisting in the implementation of enterprise risk management software. Listen in to host Ed Vincent and Cathy Jackson’s conversation or read the summary below to learn more. 

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 In the latest episode of the Risk Intel podcast, Beth Nilles, Watchtower's Director of Implementations, sheds light on the pervasive issues of hidden factories within the banking industry. Through a candid discussion with host Ed Vincent, Beth shares her firsthand experiences and insights into the operational challenges faced by financial institutions, particularly in the realm of data management, data analysis, and the time it takes to compile reporting when relying on manual processes. 

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In this Risk Intel Podcast, host Ed Vincent invites Niki White, Chief Growth Officer at SRA Watchtower to the show to share a real-world example from her past life as a Chief Risk Officer that epitomizes the challenges of hidden factories in risk management. Niki shares a funny story that revolves around one seemingly innocuous box in her office that doubled as a makeshift space heater stand. Little did she know, this unassuming box concealed a treasure trove of essential documentation pertaining to control certifications and attestations – the bank's SOX documentation from her predecessor!

While we’ll have to save how a space heater is an entirely different risk for another day, listen to learn about Niki’s “SOX in a Box” hidden factory story.

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