RIMS 2022 President Patrick Sterling: Insight into 2022 Risks and Looking Beyond the Pandemic
b'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 today for the first time ever is RIMS 2022 President Patrick Sterling! Patrick is a longtime RIMS member and the Vice President of Legendary People at Texas Roadhouse in Louisville, Kentucky. There, he oversees executive and management staffing, benefits and compensation, human resource administration, risk management, asset protection, and employee relations.
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In this episode, RIMS President Patrick Sterling and Justin Smulison discuss the continued importance placed on the risk management community, the return of live events such as RISKWORLD, and the changes that Patrick Sterling\\u2019s presidency will bring to RIMS.
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Key Takeaways:
[:01] About the RIMS App.
[:21] About RIMScast.
[:35] About today\\u2019s episode with Patrick Sterling.
[:42] Upcoming RIMS webinars.
[1:22] About the upcoming two-day virtual event: 2022 RIMS RiskTech Forum.
[1:57] More about today\\u2019s episode.
[2:40] Justin welcomes Patrick Sterling to RIMScast!
[3:18] Patrick shares about his career in risk management.
[4:21] When did Patrick first join RIMS? How did he find out about it?
[6:06] Patrick\\u2019s title is Vice President of Legendary People at Texas Roadhouse. What does this role entail?
[7:19] Texas Roadhouse is one of the more recognizable restaurant brands in the United States. Patrick shares some of the biggest risks that an organization of its size faces today.
[8:25] Is there a risk group or a risk department at Texas Roadhouse? If so, how many employees are in the department?
[9:05] Key risk philosophies that Patrick imparts on to his team.
[10:28] Patrick gives advice to risk professionals on how they can remain relevant in their organizations.
[12:24] About the RIMS Buyer\\u2019s Guide, upcoming RIMS workshops, events, the RIMS app, RIMS membership, and more!
[14:45] Did Patrick ever foresee becoming the President of RIMS?
[15:49] Why Patrick feels that it\\u2019s so important to get back to meeting in person at a conference like RISKWORLD.
[17:27] Patrick shares his platform for his presidency at RIMS.
[18:47] Patrick\\u2019s favorite sessions to sit in on at risk conferences.
[20:00] Patrick\\u2019s message to the global risk management community.
[21:04] Justin thanks Patrick Sterling for joining RIMScast and shares some additional links to check in today\\u2019s show notes.
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Mentioned in this Episode:
Patrick Sterling: Leadership Corner Feb. 2022
RIMS Events, Education, and Services:
RIMS 2022 RISKWORLD\\u2122 | April 10\\u201213 in San Francisco! \\u2014 Register now for advance rate pricing!
NEW FOR MEMBERS! RIMS Mobile App
RISKWORLD COVID-19 Policy (Updated 2/28/2022)
RIMS-Willis Towers Watson Asia Pacific Risk Virtual Conference 2022 | April 26-28th \\u2014 Complimentary registration here!
Sponsor RIMScast: Contact sales@rims.org or pd@rims.org for more information.
Sponsored RIMScast Episodes:
\\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.
Webinars:
March 17, 2022 | \\u201cTalent Risk: Get Ahead of Risk Management Succession Planning\\u201d | Sponsored by Gallagher
March 29, 2022 | \\u201cExecutive Risk in 2022: How to Prepare for the Shifting Sands of Liability\\u201d | Sponsored by Beazley
RISKWORLD Live Workshops:
April 9th\\u201210th, 2022 | \\u201cContractual Risk Transfer\\u201d | Presented by RIMS
April 9th\\u201210th, 2022 | \\u201cFundamentals of Insurance\\u201d | Presented by RIMS
April 9th\\u201210th, 2022 | \\u201cFundamentals of Risk Management\\u201d | Presented by RIMS
April 9th\\u201210th, 2022 | \\u201cManaging Cognitive Bias Risk \\u2014 Recognition & Avoidance Essentials\\u201d | Presented by RIMS
April 9th\\u201210th, 2022 | \\u201cRIMS-CRMP Prep\\u201d | Presented by RIMS
April 9th\\u201210th, 2022 | \\u201cRisk Appetite Management\\u201d | Presented by RIMS
April 9th\\u201210th, 2022 | \\u201cApplying and Integrating ERM\\u201d | Presented by RIMS
April 9th\\u201210th, 2022 | \\u201cCaptives as an Alternate Risk Financing Technique\\u201d | Presented by RIMS
Virtual Workshops:
March 22, 23, 29 & 30 | \\u201cEnterprise Rise Management for ORSA Planning in Insurance Companies\\u201d | Enroll by March 21, 2022
Related RIMScast Episodes:
\\u201cRISKWORLD Keynote Michael C. Bush On Risk and \\u2018Greatness\\u201d
\\u201cRISKWORLD Keynote Rachel Sheerin On How Risk Leaders Can Combat and Harness Burnout\\u201d
\\u201cLooking to 2022 with Spencer Educational Foundation Executive Director Megan Miller\\u201d
\\u201cRIMS DEI Council Chair Kevin Thomas and Vice-Chair Monica Merrifield\\u201d
\\u201cFunding the Future with RIMS CEO Mary Roth\\u201d
\\u201cHow One Franchisee Navigated Restaurant & Food Retail Sector Risks in 2020\\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 Risk Leaders Series \\u2014 New interview with RIMS 2021 Risk Manager of the Year Michael Harrington!
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 Guest:
Patrick Sterling\\u2019s LinkedIn
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Tweetables (For Social Media Use):
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\\u201cOur risks [at Texas Roadhouse] aren\\u2019t unlike most businesses in the U.S. right now. I think we\\u2019re all facing the supply chain risk \\u2026 cyber security certainly, and \\u2026 the talent risk.\\u201d \\u2014 Patrick Sterling
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\\u201cJust trying to be in front of risk instead of reactionary is one of [my philosophies].\\u201d \\u2014 Patrick Sterling
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\\u201cI\\u2019m still so shocked, honored, and humbled that [I\\u2019m the President of RIMS]. \\u2026 It really is an honor. I just have so much respect for this organization and the folks that are in it. The work that the chapters do continues to amaze me.\\u201d \\u2014 Patrick Sterling
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\\u201c[My platform for my RIMS presidency is], #1) Helping RIMS emerge from the pandemic era.\\u201d \\u2014 Patrick Sterling
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