RIMScast

Morgan O'Rourke, the editor of Risk Management Magazine, and Hilary Tuttle, the cyber reporting lead, dive into the major risk events of 2025. They discuss significant cyber incidents, including the Marks & Spencer ransomware, and the lessons from the AWS outage. The duo also explores legal challenges surrounding AI, including copyright rulings. Additionally, they share insights on the implications of PFAS regulations for public health and the economy, stressing the importance of responsible risk management practices.

Morgan O'Rourke and Hilary Tuttle, editors at RIMS Risk Management Magazine, delve into the most impactful risks of 2025. They discuss the troubling effects of wildfires in California and Canada, with a focus on insured losses. Hurricane Melissa's rapid intensification also makes waves, while they explore the implications of changing tariffs and supply chain disruptions. With a keen eye on climate change, they touch on unusual phenomena like 'zombie' fires, highlighting the evolving landscape of risk management.

In this engaging discussion, Joseph A. Milan, Ph.D., a leading expert in enterprise risk management and adjunct professor, dives deep into the nuances of risk decision-making. He emphasizes how organizational culture and leadership shape perceptions of acceptable risk. Joseph warns against the pitfalls of gut decisions driven by bias and emotion, advocating for a data-driven approach supported by analytics. He also prepares listeners for his upcoming seminar, encouraging participants to bring an open mind and a focus on overcoming biases.

Andréia Stephenson, an Enterprise Risk Analyst at the London Metal Exchange, shares her unique journey from a biology background to the world of risk analysis. She discusses the significance of passion for data and the need to communicate effectively within organizations. Andréia highlights the importance of simplifying risk assessments and influencing risk culture through thoughtful questions. She also elaborates on using AI as a supportive tool rather than a replacement, advocating for foundational knowledge and strong communication skills for future-ready analysts.

Dr. Gav Schneider, Group CEO at Risk2Solution Group, and Shreen Williams, Founder & CEO of Risky Business SW, delve into the transformative power of presilience in risk management. Schneider outlines how embedding resilience at individual and organizational levels can tackle complex challenges. Meanwhile, Williams tackles over 150 cognitive biases, emphasizing the importance of simple, visual risk frameworks to enhance engagement. They stress the critical role of awareness and mentoring to effectively address these biases in enterprise risk management.

Sadig Hajiyev, the Risk & Compliance Group Director at SOCAR Türkiye and winner of the RIMS Global ERM Award of Distinction, shares insights on transforming SOCAR's ERM approach from compliance-focused to a cohesive, strategy-driven system. He discusses the importance of provoking tough discussions around risk and adaptation strategies in response to external shocks. Sadig reveals innovations like an AI-driven scenario engine and the impressive leap in ERM maturity from level 3 to 5, emphasizing future priorities like incident management and optimizing insurance through captives.

Julie Anna Potts, President and CEO of the Meat Institute and expert in environmental law and agriculture, discusses her journey and the Institute's pivotal role in food safety. She highlights the importance of training resources like the listeria control course and the Protein PACT initiative, which aligns food safety with societal values. Potts dives into fostering a culture of safety from the top down and the challenges of navigating environmental risks like PFAS. She also shares insights on community engagement and the impact of the pandemic on supply continuity.

Lori Flaherty leads the ERM team at Paychex and has over 25 years in risk management, while Bill Coller, an experienced ERM practitioner, enhances their strategies. They discuss Paychex's recent RIMS Global ERM Award win, explaining how their team acts as the organization's conscience. Key insights include the importance of a strong risk culture, the innovative concept of risk rotation to engage non-risk staff, and tips for effective audience presentations. They also address emerging risks like AI and the mindset required for successful mergers and acquisitions.

Kellee Ann Richards-St. Clair is the Vice President of Commercial at Phoenix Park Energy Marketing Limited, bringing a wealth of experience in energy-sector strategy and enterprise risk management. She shares her unique journey from studying chemistry to leading commercial functions in a gas supply organization. The discussion dives into the interconnected nature of risks, the importance of storytelling in communicating analysis, and the integration of sustainability into ERM. Kellee also highlights emerging resource constraints and geopolitical risks that could reshape the energy landscape.

Chrystina Howard, an accomplished ERM leader with decades of consulting experience at HUB International, shares insights on navigating emerging risks. She delves into geopolitical volatility, AI's transformative role in healthcare, and strategies to keep resilience aligned with corporate goals. Chrystina also reveals engaging techniques for capturing C-Suite attention and emphasizes the importance of tailored communication focused on executive priorities. Tune in for practical tips on avoiding the pitfalls of traditional ERM approaches and enhancing risk management effectiveness.