Rachel Guyselman, VP of Risk & Compliance talks Enterprise Risk Management
ERM Perspectives
Evolution of Enterprise Risk Management Program at a Credit Union
The chapter explores the transition and evolution of a credit union's enterprise risk management program over five years, focusing on collaboration with unit leaders, updates to the key risk matrix, and the formation of a quarterly risk management committee. It delves into stakeholder engagement, integration of risk management into conversations, and the vital role of top-down support from the CEO and board in driving a comprehensive approach to risk management within the organization.
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