Discover how Michael Schank’s insights on risk management and digital transformation can enhance your organization’s GRC strategies and operational efficacy in this engaging discussion on process improvement.
A new podcast episode of What’s Your Baseline was published on Nov 18, 2024 with the original title:
Episode 79 — GRC From A Process Perspective: Michael Schank
Overview:
This episode features Michael Schank, a leader in Digital Transformation and Operational Excellence, discussing the importance of Governance, Risk, and Compliance (GRC). He highlights how GRC integration can enhance organizational efficiency and align with performance data.
Core content:
- Michael Schank’s extensive background in risk management and digital transformation in the financial sector is explored.
- The episode discusses the significance of the three lines of defense in effective risk management practices.
- Strategies for integrating risk management with business performance data are presented.
- Common reasons for risk program failures and the struggles teams face are highlighted, along with solutions for success.
- The potential of AI and Digital Twins in streamlining risk management processes is examined.
Learnings:
- Listeners will understand how GRC can benefit their organization and attract influential support.
- Insights on setting up a risk management program that aligns with business goals will be provided.
- Strategies to overcome common challenges faced in risk management initiatives will be discussed.
- Key roles involved in risk management and how to successfully integrate teams will be clarified.
- The use of technology, including AI, to aid in risk management will be explored for operational improvements.
The original content was published in English.
