Emerging Risks and Board Reporting with Suzanne Christensen
Welcome to RIMScast. Your host is Justin Smulison, Business Content Manager at RIMS, the Risk and Insurance Management Society.
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The RIMS ERM Conference 2022 is quickly approaching with just a few more days to go! Justin Smulison is joined once again by another fantastic speaker at the upcoming conference; SVP and Head of Enterprise Risk Management at Franklin Templeton, Suzanne Christensen! Previously, Suzanne was the CFO for Invesco Ltd. Suzanne has also co-authored the RIMS Professional Report, \u201cNavigating the Complexities of Emerging Risks,\u201d and will be co-presenting the session titled, \u201cDelivering Risk Information (And Metrics) That Matter,\u201d at the RIMS ERM Conference.
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With Suzanne\u2019s finger on the pulse of all things ERM, she shares why firms should only have one ERM framework, her favorite ERM framework, her thoughts on ERM and ESG becoming more mainstream, and more! She also gives a preview of her RIMS Professional Report as well as her upcoming RIMS ERM Conference session that you won\u2019t want to miss.
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Remember, you still have time to register for the upcoming event held November 11\u201212th in Indianapolis, IN! Grab your ticket now!
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Key Takeaways:
[:01] About the RIMS Membership.
[:15] Reminder to register early for the RIMS ERM Conference 2022!
[:30] About RIMScast.
[:42] About today\u2019s episode with Suzanne Christensen.
[1:01] All about the upcoming RIMS ERM Conference 2022 and how to take advantage of an exclusive registration discount.
[1:47] Upcoming RIMS webinars, workshops, events, and more!
[2:20] More about today\u2019s episode\u2019s guest Suzanne Christensen.
[3:07] Justin welcomes Suzanne to RIMScast!
[3:21] Suzanne shares about her risk career and her current role as the SVP, Head of Enterprise Risk Management at Franklin Templeton.
[5:32] How risk management in finance is different than other sectors.
[6:55] Suzanne\u2019s stance on why firms should only have one ERM framework.
[7:22] The ERM framework Suzanne has commonly used at the companies she has/is working for.
[7:51] What Suzanne loves about her job as SVP, Head of Enterprise Risk Management.
[9:37] How Suzanne feels about ERM and ESG becoming more mainstream.
[11:18] RIMS plug time! All about upcoming awards and nominations, virtual workshops, and more!
[12:54] What inspired Suzanne to co-write the RIMS Professional Report, \u201cNavigating the Complexities of Emerging Risks\u201d?
[17:00] How this professional report shines a light on the known unknowns and the unknown unknowns.
[19:00] Why is identifying emerging risks valuable?
[19:41] Justin and Suzanne highlight some key emerging risks from her professional report, \u201cNavigating the Complexities of Emerging Risks.\u201d
[22:33] Suzanne gives a preview of her Nov. 11th session at the upcoming 2022 RIMS ERM Conference titled, \u201cDelivering Risk Information (And Metrics) That Matter \u2014 Board Level Reporting.\u201d
[25:30] What Suzanne is excited about at the RIMS ERM Conference 2022.
[26:08] Justin thanks Suzanne for joining the RIMScast and shares some of the links to check in today\u2019s show notes!
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Mentioned in this Episode:
RIMS ERM Conference 2022 \u2014 November 10\u201211, 2022 | Indianapolis, IN \u2014 Agenda Now Live! (Special registration discount for RIMScast listeners! Enter Code: RIMSCAST2022 on the \u201cPayment\u201d page \u2014 Note: Only for new registrations.)
The RIMS Strategic & Enterprise Risk Center
RIMS Professional Report: \u201cNavigating the Complexities of Emerging Risks\u201d
RIMS Events, Education, and Services:
RIMS Events App Apple | Google Play
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Contribute to RIMS Risk Management magazine
Dan Kugler Risk Manager on Campus Grant
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\u201cLeveraging Data and Analytics for Continuous Risk Management\u201d | Dec 1 | 10:00 am\u2012
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\u201cApplying and Integrating ERM\u201d \u2014 Dec 6\u20127 | 9:00 am\u20123:00 pm EST | Registration Closes Dec 5th \u2014 Register Now!
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See the full calendar of RIMS Virtual Workshops
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\u201cThe Power of Storytelling in ERM with Dr. Karen Hardy\u201d (2022)
\u201cERM, ESG, and More Acronyms with Jana Utter\u201d
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\u201cResponsible Raw Materials, Mining, and ESG with Sarah Gordon of Satarla\u201d
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Follow up with Our Guest:
Suzanne Christensen\u2019s LinkedIn
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Tweetables (For Social Media Use):
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\u201cIt\u2019s important to volunteer because you\u2019ll get new experiences.\u201d \u2014 Suzanne Christensen
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\u201cI think if you\u2019re curious and you like to learn, [ERM is] a great place to be.\u201d \u2014 Suzanne Christensen
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\u201cFirms should have a single [ERM] framework. And the reason that\u2019s important is really [because] you need a single language; you need a single way to get everybody \u2014 particularly at the enterprise level \u2013 [on the same page].\u201d \u2014 Suzanne Christensen
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\u201c\u2018Risk\u2019 is not in the current or the past tense; it\u2019s in the future. A risk is [in the] future.\u201d \u2014 Suzanne Christensen
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