Michael talks about the goal of risk management isn’t to eliminate risk. It’s to understand it. Strategic risk management isn’t just about how, it’s about why -- and he shares the "why."
Michael also discusses why risk management and strategic planning are inseparable. Building off research, historical examples, and the most current enterprise risk management framework, he shows why good risk management isn’t about risk avoidance. It’s about risk awareness, which empowers financial institutions to be prepared, protected, and positioned for opportunities.
In addition, he touches on how banks and credit unions that embrace risk management are more resilient than those that don't venture down this road.
A very timely read, indeed. Check out our conversation and let us know your thoughts. And be sure to watch the entire episode with Michael below for all the details.