Jun 7, 2022
Welcome to RIMScast. Your host is Justin Smulison, Business Content Manager at RIMS, the Risk and Insurance Management Society.
Joining RIMScast is Terry Lampropoulos, an instructor at Seneca College and York University! Terry teaches courses that students need to complete in order to earn the Canadian Risk Management (CRM) designation that is recognized by RIMS and awarded by the Global Risk Management Institute (GRMI). Through his experience in the Canadian financial industry, he has worked in consulting, fraud, insurance, business continuity management, and various risk management roles in capital markets, credit cards, model risk, technology risk, and operational risk.
With labor statistics hitting both ends of the spectrum seemingly every month, Justin and Terry are discussing the pertinent topic of employment trends and how ERM can help risk professionals and organizations retain and attract top talent and prepare for any future great resignations.
Key Takeaways:
[:01] About the RIMS Membership.
[:14] About RIMScast.
[:28] About today’s episode with Lori Seidenberg.
[:36] Upcoming RIMS webinars and workshops and the RIMS membership.
[1:12] About the Spencer Educational Foundation’s grant.
[1:55] About the upcoming RIMS Canada Conference.
[2:16] More about today’s episode with Terry Lampropoulos!
[3:02] Justin welcomes Terry L. to RIMScast.
[3:36] About Terry’s background in risk management and his current role.
[7:02] Terry’s perspective and philosophy on risk management and ERM, and how he applies this knowledge in 2022 regarding jobs reports, employee retention, etc.
[14:10] RIMS plug time! About the upcoming RIMS Legislative Summit, RIMS workshops, the RIMS Mobile App, and the Spencer Educational Foundation’s Annual Gala.
[16:29] All about the registration course that Terry teaches at Seneca that enables students to earn their Canadian Risk Management (CRM) designation.
[18:27] Terry discusses the importance of work/life balance, ERM, and how organizations are and were responding to the pandemic.
[20:08] Terry’s insights into the Great Resignation, employee retention and attraction, and mitigating risk during this period.
[25:17] The shift in perspective around ERM has helped improve work/life balance and mitigate risk associated with employee retention and attraction.
[29:29] How ERM has been helping us all adapt during the pandemic.
[32:32] Justin thanks Terry for joining the podcast and shares some of the links to check in today’s show notes.
Mentioned in this Episode:
RIMS Events, Education, and Services:
NEW FOR MEMBERS! RIMS Mobile App
RIMS Canada 2022 — Turning Tides — Sept. 11th‒14th in Halifax!
RIMS Advocacy — Legislative Summit Returns on September 20th!
Spencer Educational Foundation | Annual Gala Returns Sept. 22, 2022
RIMS — Canadian Risk Management (CRM) Designation
NY RIMS Chapter: Check out the upcoming events mentioned in this episode!
RISKWORLD registrants can still access educational sessions on-demand through the RISKWORLD app and through desktop here.
Sponsor RIMScast: Contact sales@rims.org or pd@rims.org for more information.
Responsible Raw Materials — Resources, Conference Videos, and Toolkits
Virtual Workshops:
June 9, 2022 | “Earn the RIMS Fundamentals of Risk Data, Analytics and AI Certificate” | Attend our new three-part, virtual workshop series to improve your knowledge and enrich your risk management program with the best practices in data management, analytics, and artificial intelligence.
“Part I: Leveraging Data and Analytics for Continuous Risk Management”: 10 am ‒ 2 pm EST
“Managing Worker Compensation, Employer’s Liability and Employment Practices in the U.S.” — June 22‒23rd | 10 am ‒ 5:30 pm EST
“Fundamentals of Risk Management” — Aug 10‒11th
Webinars:
June 14, 2022 | “Deadly Weapons and Risk Resilience” | Sponsored by Beazley
June 28, 2022 | “Your Greatest Asset: Smart Risk Management in the Age of Workforce Transformation” | Sponsored by Travelers
June 30, 2022 | “What Really Happens When You Negotiate with a Hacker?” | Sponsored by Gallagher Core Insights 360
Sponsored RIMScast Episodes:
“Managing Global Geopolitical Risk in 2022 and Beyond” | Sponsored by AXA XL (NEW)
“Keeping Subcontractors Safe Through Partner Elevation” | Sponsored by Highwire
“ESG: A Responsibility and a Growing Megatrend” | Sponsored by Prudent Insurance Brokers Ltd.
“Focusing on Your Team to Deliver Exceptional Quality and Service to Your Clients”
| Sponsored by Gallagher Bassett
“Bermuda Opportunities in 2022 with BDA Chair Stephen Weinstein” | Sponsored by Bermuda Business Development Agency
“SyncR: A Tool to Enhance Your Risk Quality & Insurance Strategy” | Sponsored by Prudent Insurance Brokers Ltd.
“Navigating the Risk Landscape in 2022” | Sponsored by AXA XL
“Prioritizing People: Expertise and Innovation” | Sponsored by Gallagher Bassett
“Risk Findings for the Industrial & Manufacturing Industry” | Sponsored by Aon
“Establishing the Right Assurance to Request From Business Partners” | Sponsored by HITRUST
“Aon’s 2021 Retail Industry Overview” | Sponsored by Aon
“A Legacy of Resilience” | Sponsored by J.B. Boda Group
“The Golden Era of Insurance” | Sponsored by The Hartford
“Insurance Investigation Trends Happening Now” | Sponsored by Travelers
“What Could a CRO Do for Your Business?” | Sponsored by Riskonnect
“Hard Reality: A Look at Rising Rates in Property & Excess Casualty” | Sponsored by AXA XL
“Property Valuation Deep Dive” | Sponsored by TÜV SÜD
“Property Loss Control Engineering” | Sponsored by Prudent Insurance Brokers
NEW RIMSCAST VIDEO: “Climate Change and Insurance: A Fireside Chat with Dev Bhutani and Deepak Madan” | Sponsored by Prudent Insurance Brokers Ltd.
Related RIMScast Episodes:
“RISKWORLD Keynote Michael C. Bush On Risk and ‘Greatness’”
“RISKWORLD Keynote Rachel Sheerin On How Risk Leaders Can Combat and Harness Burnout”
“Occupational Safety Risks in 2022 with Dave Ferro”
“Rethinking the Impact of Disruption on ERM Tools and Processes with Ward Ching and Dr. Paul Walker”
RIMS Publications, Content, and Links:
RIMS Membership — Whether you are a new member or need to transition, be a part of the global risk management community!
RIMS Advisory Services — Ask a Peer
RIMS Coronavirus Information Center
RIMS-Certified Risk Management Professional (RIMS-CRMP)
RIMS-CRMP Stories — New interview featuring RIMS Treasurer Jennifer Santiago!
Spencer Educational Foundation
Want to Learn More?
Keep up with the podcast on RIMS.org and listen on iTunes.
Have a question or suggestion? Email: Content@rims.org.
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Follow up with Our Guests:
Tweetables (For Social Media Use):
“ERM has this unique capacity to support an organization in achieving its goals.” — Terry Lampropoulos
“You’re going to have ups and you’re going to have downs. The ups and the downs always will have some kind of risk associated with it. And the cool thing is: all these organizations have controls already in place — whether they know it or not.” — Terry Lampropoulos
“Seeing students succeed is a motivation of mine. It goes beyond anything else. When I see a student succeed, get the CRM, and then progress in their careers … it’s an emotional reaction.” — Terry Lampropoulos
“Seneca’s enrollments during the pandemic … spiked, because they made it available for students to learn on their own terms. I think organizations are following this now because they’re realizing we need people, … to be able to live on their own terms.” — Terry Lampropoulos