ERM Perspectives

Omar Ramsay, Chief Risk Officer talks Enterprise Risk Management

Oct 19, 2022

Omar Ramsay, Chief Risk Officer at United States Senate Federal Credit Union, discusses his career progression, ERM team structure, partnership with Internal Audit, and leveraging Archer GRC for vendor management. They also talk about issue management, using ERM maturity model, and the importance of a strong team.

36:45

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Episode guests

Omar Ramsay

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Quick takeaways

Transitioning from law to risk management showcases transferable skills and career evolution.

Leveraging Archer GRC for vendor management and using maturity models to build enterprise risk management.

Deep dives

Omar's Background and Journey in Risk Management

Omar Ramsey shares his career journey, starting from law school and realizing his passion for compliance and risk management. He discusses the various positions he held in different financial institutions before becoming the Chief Risk Officer at United States Senate Federal Credit Union.

Importance of Buying in for Security Program Success

01:25

Introduction

3min

Transition from Law to Enterprise Risk Management

4min

Partnership with Internal Audit for Control Testing in Operational Risk Area

2min

Utilizing Archer GRC Platform for Vendor and Issue Management

4min

Building an Enterprise Risk Management Program in a Credit Union

22min

Exploring Real-world Data in Risk Assessments and Proactive Risk Management Strategies

3min

Omar Ramsay, Chief Risk Officer at United States Senate Federal Credit Union, joins David in a discussion about Enterprise Risk Management.

Topics include:

- Omar's career progression from Law, to Compliance, to Risk Management and how his legal profession skills transfer to risk management.
- How the risk management team is staffed at USSFCU and what's included in the department.
- How ERM partners with Internal Audit on operational controls and controls testing.
- How Archer GRC is leveraged for vendor management, issue management, the risk register, and soon, business continuity.
- Issue management at USSFCU.
- Using an ERM maturity model as a tool to build enterprise risk management.
- The benefit of having an amazing team to work with.

Omar can be reached on LinkedIn: https://www.linkedin.com/in/omarramsay/

The video version of ERM Perspectives, including this episode, can be viewed on YouTube: https://www.youtube.com/channel/UC8IQFOIwW4ejVc7CbhajPZw

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ERM Perspectives

Omar Ramsay, Chief Risk Officer talks Enterprise Risk Management

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Omar's Background and Journey in Risk Management

Development and Staffing of ERM Program

Partnerships with Internal Audit and IT

Challenges and Advice in ERM Program Development

Importance of Buying in for Security Program Success

Remember Everything You Learn from Podcasts