48 episodes

Strategic Risk Associates (SRA) is a technology solution and risk management services provider to the Financial Services, Insurance, and Technology Industries. SRA Watchtower is the holistic risk intelligence platform built to continuously inform, enlighten, and empower banking executives and boards. SRA has helped hundreds of banks effectively navigate through significant risk events since the 2008 financial crisis. The SRA "Risk Intel" Podcast was developed to share our collective insights and knowledge with the industry and learn from one another. 
Learn more at www.srarisk.com

SRA Risk Intel Strategic Risk Associates

    • Business
    • 5.0 • 3 Ratings

Strategic Risk Associates (SRA) is a technology solution and risk management services provider to the Financial Services, Insurance, and Technology Industries. SRA Watchtower is the holistic risk intelligence platform built to continuously inform, enlighten, and empower banking executives and boards. SRA has helped hundreds of banks effectively navigate through significant risk events since the 2008 financial crisis. The SRA "Risk Intel" Podcast was developed to share our collective insights and knowledge with the industry and learn from one another. 
Learn more at www.srarisk.com

    Season 2 | Ep. 17: Inefficiencies of Spreadsheets and Manual Data Entry: A Hidden Factory Lesson

    Season 2 | Ep. 17: Inefficiencies of Spreadsheets and Manual Data Entry: A Hidden Factory Lesson

     In the latest episode of the Risk Intel podcast, Beth Nilles, Watchtower's Director of Implementations, sheds light on the pervasive issues of hidden factories within the banking industry. Through a candid discussion with host Ed Vincent, Beth shares her firsthand experiences and insights into the operational challenges faced by financial institutions, particularly in the realm of data management, data analysis, and the time it takes to compile reporting when relying on manual processes. 
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    • 7 min
    Season 2 | Ep. 16: SOX in a Box: A Hidden Factory Example

    Season 2 | Ep. 16: SOX in a Box: A Hidden Factory Example

    In this Risk Intel Podcast, host Ed Vincent invites Niki White, Chief Growth Officer at SRA Watchtower to the show to share a real-world example from her past life as a Chief Risk Officer that epitomizes the challenges of hidden factories in risk management. Niki shares a funny story that revolves around one seemingly innocuous box in her office that doubled as a makeshift space heater stand. Little did she know, this unassuming box concealed a treasure trove of essential documentation pertaining to control certifications and attestations – the bank's SOX documentation from her predecessor!
    While we’ll have to save how a space heater is an entirely different risk for another day, listen to learn about Niki’s “SOX in a Box” hidden factory story.
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    • 11 min
    Season 2 | Ep. 15: Don’t Wait for the Accident to Happen: Uncover Your Hidden Factories

    Season 2 | Ep. 15: Don’t Wait for the Accident to Happen: Uncover Your Hidden Factories

    Hidden factories are prevalent throughout all industries, banking is not exempt. These inefficiencies lurk beneath the surface, silently eroding productivity and increasing risk. In the latest episode of the Risk Intel Podcast, the focus is squarely on uncovering these elusive inefficiencies. Host and SRA Watchtower CEO Edward Vincent and guest Shawn Ryan, SRA Watchtower CFO and seasoned expert with over three decades of experience in the field delve into the critical importance of identifying and addressing hidden factories, particularly in the realm of risk management.
    Miss the first two episodes in this series? Click below to catch-up.
    What is a Hidden Factory?What Does a Hidden Factory Look Like Inside a Bank?Follow SRA to Learn More.
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    • 20 min
    Season 2 | Ep. 14: What Does a Hidden Factory Look Like Inside a Bank?

    Season 2 | Ep. 14: What Does a Hidden Factory Look Like Inside a Bank?

    In this Risk Intel podcast, host Edward Vincent welcomed back Shawn Ryan, Chief Financial Officer at Strategic Risk Associates (SRA) to continue the conversation of hidden factories and what a Hidden Factory could look like inside a bank? These covert inefficiencies, often overlooked, can significantly impede operational effectiveness and risk management efforts, necessitating proactive measures for identification and mitigation. 
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    • 15 min
    Season 2 | Ep. 13: What is a Hidden Factory?

    Season 2 | Ep. 13: What is a Hidden Factory?

    In this episode of the Risk Intel Podcast, industry veteran Shawn Ryan joined host, Ed Vincent to share invaluable insights into what is a hidden factory and how these types of risks could be lurking within banking operations. With over 30 years of experience in financial institutions, Shawn sheds light on the concept of hidden factories and their implications for banks. Listen to learn about the key takeaways from this enlightening discussion. 
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    • 15 min
    Season 2 | Ep. 12: Inside RCSA: A New Approach To RCSA Modules

    Season 2 | Ep. 12: Inside RCSA: A New Approach To RCSA Modules

    Effective risk management is paramount to the success of Financial Institutions. Beth Nilles, a leading expert at SRA, joined Ed Vincent on the Risk Intel Podcast to discuss the innovative strides being made in risk and control self-assessment (RCSA) implementations at Strategic Risk Associates. The conversation delved into the why and how behind the development of SRA's groundbreaking RCSA module designed to address common challenges and elevate risk management practices to new heights. Based on conversations with financial institutions around the country, Beth found there are four standouts to a successful RCSA module: simplifying complexity, engaging the first line, seamless integration, and implementation excellence. Listen to learn more about Watchtower's integrated RCSA module and how it can help your institution streamline the risk assessment process. 
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    • 12 min

Customer Reviews

5.0 out of 5
3 Ratings

3 Ratings

KB234UNF ,

Insightful

New to the Risk space and this podcast has opened my eyes up to all things “Risk” related in the banking space. Thanks for helping me learn best practices - will be helpful in my new role at the bank!

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