ERM and Employment Trends with Terry Lampropoulos
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Welcome to RIMScast. Your host is Justin Smulison, Business Content Manager at RIMS, the Risk and Insurance Management Society.
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Joining RIMScast is Terry Lampropoulos, an instructor at Seneca College and York University! Terry teaches courses that students need to complete in order to earn the Canadian Risk Management (CRM) designation that is recognized by RIMS and awarded by the Global Risk Management Institute (GRMI). Through his experience in the Canadian financial industry, he has worked in consulting, fraud, insurance, business continuity management, and various risk management roles in capital markets, credit cards, model risk, technology risk, and operational risk.
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With labor statistics hitting both ends of the spectrum seemingly every month, Justin and Terry are discussing the pertinent topic of employment trends and how ERM can help risk professionals and organizations retain and attract top talent and prepare for any future great resignations.
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Key Takeaways:
[:01] About the RIMS Membership.
[:14] About RIMScast.
[:28] About today\\u2019s episode with Lori Seidenberg.
[:36] Upcoming RIMS webinars and workshops and the RIMS membership.
[1:12] About the Spencer Educational Foundation\\u2019s grant.
[1:55] About the upcoming RIMS Canada Conference.
[2:16] More about today\\u2019s episode with Terry Lampropoulos!
[3:02] Justin welcomes Terry L. to RIMScast.
[3:36] About Terry\\u2019s background in risk management and his current role.
[7:02] Terry\\u2019s perspective and philosophy on risk management and ERM, and how he applies this knowledge in 2022 regarding jobs reports, employee retention, etc.
[14:10] RIMS plug time! About the upcoming RIMS Legislative Summit, RIMS workshops, the RIMS Mobile App, and the Spencer Educational Foundation\\u2019s Annual Gala.
[16:29] All about the registration course that Terry teaches at Seneca that enables students to earn their Canadian Risk Management (CRM) designation.
[18:27] Terry discusses the importance of work/life balance, ERM, and how organizations are and were responding to the pandemic.
[20:08] Terry\\u2019s insights into the Great Resignation, employee retention and attraction, and mitigating risk during this period.
[25:17] The shift in perspective around ERM has helped improve work/life balance and mitigate risk associated with employee retention and attraction.
[29:29] How ERM has been helping us all adapt during the pandemic.
[32:32] Justin thanks Terry for joining the podcast and shares some of the links to check in today\\u2019s show notes.
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Mentioned in this Episode:
RIMS Events, Education, and Services:
NEW FOR MEMBERS! RIMS Mobile App
RIMS Canada 2022 \\u2014 Turning Tides \\u2014 Sept. 11th\\u201214th in Halifax!
RIMS Advocacy \\u2014 Legislative Summit Returns on September 20th!
Spencer Educational Foundation | Annual Gala Returns Sept. 22, 2022
RIMS \\u2014 Canadian Risk Management (CRM) Designation
NY RIMS Chapter: Check out the upcoming events mentioned in this episode!
RISKWORLD registrants can still access educational sessions on-demand through the RISKWORLD app and through desktop here.
Sponsor RIMScast: Contact sales@rims.org or pd@rims.org for more information.
Responsible Raw Materials \\u2014 Resources, Conference Videos, and Toolkits
Virtual Workshops:
June 9, 2022 | \\u201cEarn the RIMS Fundamentals of Risk Data, Analytics and AI Certificate\\u201d | Attend our new three-part, virtual workshop series to improve your knowledge and enrich your risk management program with the best practices in data management, analytics, and artificial intelligence.
\\u201cPart I: Leveraging Data and Analytics for Continuous Risk Management\\u201d: 10 am \\u2012 2 pm EST
\\u201cManaging Worker Compensation, Employer\\u2019s Liability and Employment Practices in the U.S.\\u201d \\u2014 June 22\\u201223rd | 10 am \\u2012 5:30 pm EST
\\u201cFundamentals of Risk Management\\u201d \\u2014 Aug 10\\u201211th
Webinars:
June 14, 2022 | \\u201cDeadly Weapons and Risk Resilience\\u201d | Sponsored by Beazley
June 28, 2022 | \\u201cYour Greatest Asset: Smart Risk Management in the Age of Workforce Transformation\\u201d | Sponsored by Travelers
June 30, 2022 | \\u201cWhat Really Happens When You Negotiate with a Hacker?\\u201d | Sponsored by Gallagher Core Insights 360
Sponsored RIMScast Episodes:
\\u201cManaging Global Geopolitical Risk in 2022 and Beyond\\u201d | Sponsored by AXA XL (NEW)
\\u201cKeeping Subcontractors Safe Through Partner Elevation\\u201d | Sponsored by Highwire
\\u201cESG: A Responsibility and a Growing Megatrend\\u201d | Sponsored by Prudent Insurance Brokers Ltd.
\\u201cFocusing on Your Team to Deliver Exceptional Quality and Service to Your Clients\\u201d
| Sponsored by Gallagher Bassett
\\u201cBermuda Opportunities in 2022 with BDA Chair Stephen Weinstein\\u201d | Sponsored by Bermuda Business Development Agency
\\u201cSyncR: A Tool to Enhance Your Risk Quality & Insurance Strategy\\u201d | Sponsored by Prudent Insurance Brokers Ltd.
\\u201cNavigating the Risk Landscape in 2022\\u201d | Sponsored by AXA XL
\\u201cPrioritizing People: Expertise and Innovation\\u201d | Sponsored by Gallagher Bassett
\\u201cRisk Findings for the Industrial & Manufacturing Industry\\u201d | Sponsored by Aon
\\u201cEstablishing the Right Assurance to Request From Business Partners\\u201d | Sponsored by HITRUST
\\u201cAon\\u2019s 2021 Retail Industry Overview\\u201d | Sponsored by Aon
\\u201cA Legacy of Resilience\\u201d | Sponsored by J.B. Boda Group
\\u201cThe Golden Era of Insurance\\u201d | Sponsored by The Hartford
\\u201cInsurance Investigation Trends Happening Now\\u201d | Sponsored by Travelers
\\u201cWhat Could a CRO Do for Your Business?\\u201d | Sponsored by Riskonnect
\\u201cHard Reality: A Look at Rising Rates in Property & Excess Casualty\\u201d | Sponsored by AXA XL
\\u201cProperty Valuation Deep Dive\\u201d | Sponsored by T\\xdcV S\\xdcD
\\u201cProperty Loss Control Engineering\\u201d | Sponsored by Prudent Insurance Brokers
NEW RIMSCAST VIDEO: \\u201cClimate Change and Insurance: A Fireside Chat with Dev Bhutani and Deepak Madan\\u201d | Sponsored by Prudent Insurance Brokers Ltd.
Related RIMScast Episodes:
\\u201cRISKWORLD Keynote Michael C. Bush On Risk and \\u2018Greatness\\u2019\\u201d
\\u201cRISKWORLD Keynote Rachel Sheerin On How Risk Leaders Can Combat and Harness Burnout\\u201d
\\u201cOccupational Safety Risks in 2022 with Dave Ferro\\u201d
RIMS Publications, Content, and Links:
RIMS Membership \\u2014 Whether you are a new member or need to transition, be a part of the global risk management community!
RIMS Advisory Services \\u2014 Ask a Peer
RIMS Coronavirus Information Center
RIMS-Certified Risk Management Professional (RIMS-CRMP)
RIMS-CRMP Stories \\u2014 New interview featuring RIMS Treasurer Jennifer Santiago!
Spencer Educational Foundation
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Want to Learn More?
Keep up with the podcast on RIMS.org and listen on iTunes.
Have a question or suggestion? Email: Content@rims.org.
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Join the Conversation!
Follow @RIMSorg on Facebook, Twitter, and LinkedIn.
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Follow up with Our Guests:
Terry Lampropoulos\\u2019s LinkedIn
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Tweetables (For Social Media Use):
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\\u201cERM has this unique capacity to support an organization in achieving its goals.\\u201d \\u2014 Terry Lampropoulos
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\\u201cYou\\u2019re going to have ups and you\\u2019re going to have downs. The ups and the downs always will have some kind of risk associated with it. And the cool thing is: all these organizations have controls already in place \\u2014 whether they know it or not.\\u201d \\u2014 Terry Lampropoulos
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\\u201cSeeing students succeed is a motivation of mine. It goes beyond anything else. When I see a student succeed, get the CRM, and then progress in their careers \\u2026 it\\u2019s an emotional reaction.\\u201d \\u2014 Terry Lampropoulos
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\\u201cSeneca\\u2019s enrollments during the pandemic \\u2026 spiked, because they made it available for students to learn on their own terms. I think organizations are following this now because they\\u2019re realizing we need people, \\u2026 to be able to live on their own terms.\\u201d \\u2014 Terry Lampropoulos
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