Risk and Compliance In Finance | Terri Sands

Top 3 Takeaways

• It's tough to keep up without good technology
• The transparency between parties is tough with financial institutions
• A single point of failure can also be a single point of fraud

Show Highlights:
[02:50] Challenges that the smaller financial institutions have in their risk management programs
[07:13] The significant irony in financial institutions
[09:01] What Terri brings to the table
[10:50] Creating a culture of risk-awareness
[12:24] Reactive planning versus strategy planning
[14:25] The shift Terri has seen
[15:32] The unfortunate indicator
[16:45] Terri's opinion on banks reducing their operational costs
[19:43] One of the areas of challenge of heavily-regulated organizations
[21:37] What works and what doesn't for acquired financial institutions
[25:03] More tips for acquiring financial institutions
[26:49] Guilty by association
[27:59] Rounding up with the most shocking fraud story

Resources:
Secura Risk Management Website
Connect with Terri on LinkedIn
Connect with Terri on Twitter
Ozark Show