ERM Perspectives
Aaron Prater, VP of Operational Risk Management talks Enterprise Risk Management
Sep 28, 2022
Aaron Prater, VP of Operational Risk Management at Alloya, discusses ERM committee structure, technology projects, remote risk leadership challenges, and cooperative philosophy in risk management. He shares insights on data-driven approaches, transactional monitoring with AI, and risk discussions with member credit unions.
42:05
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Quick takeaways
- Aloya's operational risk management structure is based on committee engagement and a data-driven approach to align with organizational goals.
- Aaron Prater emphasizes the importance of prioritizing operational risks and aligning risk controls with strategic objectives to create value.
Deep dives
Aaron Prater's Background and Experience in Risk Management
Aaron Prater, Vice President of Operational Risk Management at Aloya Corporate Federal Credit Union, shared his distinguished career path in risk management. Starting from his early roles in wealth management and retail banking, Aaron's experience led him to specialize in risk analysis at FIS, where he handled diverse risk-related responsibilities such as SOC reporting and vendor risk management. His journey showcased the gradual understanding and application of risk control measures throughout his career.
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