Banking on Data

Hidden factories are prevalent throughout all industries, banking is not exempt. These inefficiencies lurk beneath the surface, silently eroding productivity and increasing risk. In the latest episode of the Risk Intel Podcast, the focus is squarely on uncovering these elusive inefficiencies. Host and SRA Watchtower CEO Edward Vincent and guest Shawn Ryan, SRA Watchtower CFO and seasoned expert with over three decades of experience in the field delve into the critical importance of identifying and addressing hidden factories, particularly in the realm of risk management.

Miss the first two episodes in this series? Click below to catch-up.

• What is a Hidden Factory?
• What Does a Hidden Factory Look Like Inside a Bank?

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In this Risk Intel podcast, host Edward Vincent welcomed back Shawn Ryan, Chief Financial Officer at Strategic Risk Associates (SRA) to continue the conversation of hidden factories and what a Hidden Factory could look like inside a bank? These covert inefficiencies, often overlooked, can significantly impede operational effectiveness and risk management efforts, necessitating proactive measures for identification and mitigation. 

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In this episode of the Risk Intel Podcast, industry veteran Shawn Ryan joined host, Ed Vincent to share invaluable insights into what is a hidden factory and how these types of risks could be lurking within banking operations. With over 30 years of experience in financial institutions, Shawn sheds light on the concept of hidden factories and their implications for banks. Listen to learn about the key takeaways from this enlightening discussion. 

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Effective risk management is paramount to the success of Financial Institutions. Beth Nilles, a leading expert at SRA, joined Ed Vincent on the Risk Intel Podcast to discuss the innovative strides being made in risk and control self-assessment (RCSA) implementations at Strategic Risk Associates. The conversation delved into the why and how behind the development of SRA's groundbreaking RCSA module designed to address common challenges and elevate risk management practices to new heights. Based on conversations with financial institutions around the country, Beth found there are four standouts to a successful RCSA module: simplifying complexity, engaging the first line, seamless integration, and implementation excellence. Listen to learn more about Watchtower's integrated RCSA module and how it can help your institution streamline the risk assessment process. 

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In today's rapidly evolving financial landscape, effective risk management is paramount for the success and stability of banks. One crucial tool in this endeavor is a Risk and Control Self-Assessment (RCSA), which provides insights into operational risks and informs strategic decision-making. In this episode of the Risk Intel Podcast,  Beth Nilles, Director of Implementation at SRA, shared valuable insights into how RCSA can enhance bank operations. Listen to explore how RCSA is shaping risk management practices in the banking industry. 

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In the ever-evolving landscape of risk management, organizations are constantly seeking effective strategies to identify, assess, and mitigate risks. One such strategy gaining traction is Risk and Control Self-Assessment (RCSA), a method that empowers businesses to proactively manage risks from within. In a recent episode of the Risk Intel Podcast, industry expert Beth Nilles joins host Edward Vincent to share valuable insights into RCSA implementation and its impact on organizational risk management practices. 

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In this episode of the Risk Intel Podcast, we had the privilege of hosting Joseph S. Berry, Co-Head of Investment Banking at Keefe, Bruyette, & Woods (KBW), a Stifel Company. With over 25 years of strategic advisory experience, Joe shares his expertise and insights into the ever-evolving landscape of financial services, regulatory challenges, and risk management in 2024. Listen to learn more.

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 In this episode of Risk Intel, we're delving deep into the critical topic of succession planning with Michael Glotz, CEO of SRA Consulting. Building upon our previous conversation, we'll explore key considerations, best practices, and real-world examples to help organizations navigate the complexities of leadership transitions in risk management. 

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Succession planning stands as a cornerstone of organizational management, especially within the risk departments of financial institutions. In a recent episode of the Risk Intel Podcast, host Ed Vincent, CEO of SRA Watchtower and guest Michael Glotz, CEO of SRA Consulting delved into the intricacies of succession planning in risk management. 

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In the dynamic landscape of financial risk management, this episode of the Risk Intel Podcast unveils a treasure trove of strategic insights. Our guest is industry veteran Doug Cargnel, boasting nearly 30 years of operational risk management and audit experience, the conversation centers around the crucial components of Risk and Control Self-Assessment (RCSA). Listen to learn about the key tools, practical tips, and regulatory collaboration strategies related to RCSA. 

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