The conference opened with a video about what it really means to be a risk manager. The video set the stage for the conference, which aimed to shatter the assumption that being a risk manager is just your typical day job. From our point of view, risk managers are the heroes of their organizations because they effect positive change both at their companies and throughout their communities.
Steven Minsky, CEO and Founder of LogicManager, continued this theme throughout his opening keynote session. He explored what it meant to build a better tomorrow through risk management. Namely, it’s to prevent distracting mishaps that threaten to derail a company’s mission, whether that be keeping satellites in the sky or making sure every customer’s transaction is safe and secure.
To this end, Steven outlined the steps every risk professional can take to adapt to the see-though economy:
Take a Risk-Based Approach – Integrate all governance areas and activities into one iterative process, including governance, identification, assessment, mitigation, monitoring, and events.
Engage the Business – Reach out to as many departments and levels as you can to collect relevant, accurate information to anticipate and address enterprise risk.
Put it all Together – For any initiative, look at what processes need to be carried out under each step of a risk-based approach and engage the appropriate personnel.
Consolidate Reporting – Turn brick-sized board reports into one-page dashboards by aggregating and filtering information by what your audience is interested in.