At CBA Live's 2023 Conference, SRA's CEO and Co-Founder, Michael Glotz, joined Bank OZK's Arindam Majumdar and Fiserv's Danny Baker and Samuel Venhaus on a panel discussion of risk and strategy. Below are some key takeaways from the session. To view the deck, click here.
- Best Practice ERM will include a framework integrated with the strategic objectives of the Financial Institution
- Continuous monitoring of enterprise-wide risks is essential for a bank to maximize its value
- Technology will be key to better manage risk since banks are able to more easily aggregate data, standardize calculations and scale, and provide a more efficient top-down view of a banks' risk profile and appetite
- Data and technology alone won't ensure success. Employee buy-in, training, and hiring the right talent is key.