ERM Perspectives
Chris Willey, VP of ERM talks with David about Enterprise Risk Management
Aug 24, 2022
Chris Willey, VP of ERM at American Eagle FCU, discusses their ERM program with David, focusing on 9 risk categories, Key Risk Indicators, and Surplus Net Worth calculation. She highlights no need for ERM software, visualizing risk with diagrams, and managing risk levels in credit unions.
31:45
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Quick takeaways
- Transitioning from traditional risk management to comprehensive ERM structure encompassing nine risk categories.
- Utilizing manual processes for net worth calculation and tailored ERM frameworks without the need for expensive software solutions.
Deep dives
Evolution of ERM Program at American Eagle Financial Credit Union
Chris Wiley, the VP of ERM at American Eagle Financial Credit Union, discusses the journey of developing their ERM program, starting with traditional risk management functions and transitioning to a comprehensive ERM structure encompassing nine risk categories, including cybersecurity. The program's maturation process involves continuous review and enhancement of key risk indicators to effectively assess potential risks and ensure alignment with strategic objectives.
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