In this episode of Global Risk Community Chat, we delve into enhancing enterprise risk management through process capability with Michael Schank, a seasoned consultant with extensive experience at Accenture, EY, Citibank, and Bank of America. Michael introduces his groundbreaking Process Inventory Framework, which he details in his book "Digital Transformation Success: Achieving Alignment and Delivering Results with the Process Inventory Framework " This framework is designed to unify teams by creating a common language tailored to business needs, which in turn enhances risk assessments and control designs across various enterprise levels.
We discussed how this approach not only strengthens the foundational data model of GRC platforms but also facilitates a cohesive operational intelligence system. This integration is crucial for managing risks effectively and aligning the three lines of defense in risk management. Michael also shares insights into building resilient operational systems capable of withstanding diverse risks, from cyber security threats to sustainability challenges.
If you are a Chief Risk Officer or involved in risk management, this conversation offers valuable perspectives on aligning process management with enterprise risk strategies. For more insights from experts like Michael Shank or to be our guest, send your email to info@globalriskconsult.com with the subject "Guest Proposal." Stay informed and ahead in your field with more content from the Global Risk Community, your platform for professional risk discourse.
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