Mar 22, 2022
Welcome to RIMScast. Your host is Justin Smulison, Business Content Manager at RIMS, the Risk and Insurance Management Society.
Joining RIMScast today for the first time ever is RIMS 2022 President Patrick Sterling! Patrick is a longtime RIMS member and the Vice President of Legendary People at Texas Roadhouse in Louisville, Kentucky. There, he oversees executive and management staffing, benefits and compensation, human resource administration, risk management, asset protection, and employee relations.
In this episode, RIMS President Patrick Sterling and Justin Smulison discuss the continued importance placed on the risk management community, the return of live events such as RISKWORLD, and the changes that Patrick Sterling’s presidency will bring to RIMS.
[:01] About the RIMS App.
[:21] About RIMScast.
[:35] About today’s episode with Patrick Sterling.
[:42] Upcoming RIMS webinars.
[1:22] About the upcoming two-day virtual event: 2022 RIMS RiskTech Forum.
[1:57] More about today’s episode.
[2:40] Justin welcomes Patrick Sterling to RIMScast!
[3:18] Patrick shares about his career in risk management.
[4:21] When did Patrick first join RIMS? How did he find out about it?
[6:06] Patrick’s title is Vice President of Legendary People at Texas Roadhouse. What does this role entail?
[7:19] Texas Roadhouse is one of the more recognizable restaurant brands in the United States. Patrick shares some of the biggest risks that an organization of its size faces today.
[8:25] Is there a risk group or a risk department at Texas Roadhouse? If so, how many employees are in the department?
[9:05] Key risk philosophies that Patrick imparts on to his team.
[10:28] Patrick gives advice to risk professionals on how they can remain relevant in their organizations.
[12:24] About the RIMS Buyer’s Guide, upcoming RIMS workshops, events, the RIMS app, RIMS membership, and more!
[14:45] Did Patrick ever foresee becoming the President of RIMS?
[15:49] Why Patrick feels that it’s so important to get back to meeting in person at a conference like RISKWORLD.
[17:27] Patrick shares his platform for his presidency at RIMS.
[18:47] Patrick’s favorite sessions to sit in on at risk conferences.
[20:00] Patrick’s message to the global risk management community.
[21:04] Justin thanks Patrick Sterling for joining RIMScast and shares some additional links to check in today’s show notes.
Mentioned in this Episode:
Patrick Sterling: Leadership Corner Feb. 2022
RIMS Events, Education, and Services:
RIMS 2022 RISKWORLD™ | April 10‒13 in San Francisco! — Register now for advance rate pricing!
RISKWORLD COVID-19 Policy (Updated 2/28/2022)
Sponsored RIMScast Episodes:
| 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.
March 17, 2022 | “Talent Risk: Get Ahead of Risk Management Succession Planning” | Sponsored by Gallagher
March 29, 2022 | “Executive Risk in 2022: How to Prepare for the Shifting Sands of Liability” | Sponsored by Beazley
RISKWORLD Live Workshops:
April 9th‒10th, 2022 | “Contractual Risk Transfer” | Presented by RIMS
April 9th‒10th, 2022 | “Fundamentals of Insurance” | Presented by RIMS
April 9th‒10th, 2022 | “Fundamentals of Risk Management” | Presented by RIMS
April 9th‒10th, 2022 | “Managing Cognitive Bias Risk — Recognition & Avoidance Essentials” | Presented by RIMS
April 9th‒10th, 2022 | “RIMS-CRMP Prep” | Presented by RIMS
April 9th‒10th, 2022 | “Risk Appetite Management” | Presented by RIMS
April 9th‒10th, 2022 | “Applying and Integrating ERM” | Presented by RIMS
April 9th‒10th, 2022 | “Captives as an Alternate Risk Financing Technique” | Presented by RIMS
March 22, 23, 29 & 30 | “Enterprise Rise Management for ORSA Planning in Insurance Companies” | Enroll by March 21, 2022
Related RIMScast Episodes:
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 Risk Leaders Series — New interview with RIMS 2021 Risk Manager of the Year Michael Harrington!
RIMS-CRMP Stories — New interview featuring RIMS Treasurer Jennifer Santiago!
Want to Learn More?
Have a question or suggestion? Email: Content@rims.org.
Join the Conversation!
Follow up with Our Guest:
Tweetables (For Social Media Use):
“Our risks [at Texas Roadhouse] aren’t unlike most businesses in the U.S. right now. I think we’re all facing the supply chain risk … cyber security certainly, and … the talent risk.” — Patrick Sterling
“Just trying to be in front of risk instead of reactionary is one of [my philosophies].” — Patrick Sterling
“I’m still so shocked, honored, and humbled that [I’m the President of RIMS]. … It really is an honor. I just have so much respect for this organization and the folks that are in it. The work that the chapters do continues to amaze me.” — Patrick Sterling
“[My platform for my RIMS presidency is], #1) Helping RIMS emerge from the pandemic era.” — Patrick Sterling