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Apr 29, 2019

Welcome to RIMScast. Your host is Justin Smulison, Business Content Manager at RIMS, the Risk and Insurance Management Society.


This week, Justin is coming to you live from Boston Convention & Exhibition Center during RIMS 2019 Annual Conference! This special episode was recorded on the first day of the conference with Luke Figora who was just named RIMS 2019 Risk Manager of the Year! Luke is the Senior Associate Vice President, Chief Risk and Compliance Officer at Northwestern University.


Join Justin and Luke to listen in on their conversation about risk management in higher education! Luke talks about the unique ERM program at Northwestern University, the risks involved at the University (and higher education in general), and his philosophy on risk management. He also gives his insights on the recent college admissions scandal, and whether or not he believes there will be risks associated with an applicant or a student who is well-connected, going forward.


Key Takeaways:

[:01] About today’s episode and guest.

[:40] Justin welcomes listeners to the conference and gives a preview of upcoming conferences to look forward to!

[1:30] Justin welcomes Luke to RIMScast.

[1:34] Luke explains what’s unique about ERM at Northwestern University.

[2:24] Challenges Luke encountered while implementing his ERM program at Northwestern.

[5:05] Luke speaks about their Qatar campus (NU-Q) and the different risks involved.

[6:45] Luke speaks about the “under 40” award he won recently.

[7:12] Luke’s experience as one of the youngest stakeholders amongst Northwestern’s leadership.

[10:37] Luke’s philosophy on risk management.

[12:48] Does Luke consider himself to be more of an optimist because he ended up in higher education and/or since landing in Northwestern?

[14:10] How the recent college admissions scandal has impacted Luke’s work at Northwestern.

[17:35] Does Luke feel that there are risks associated with an applicant or a student who is well-connected (such as a child of a celebrity)?

[19:10] Was Luke responsible for the creation of “20 by 2020”? Or was he a part of the decision making process with pushing it out?

[21:48] How Luke feels about being RIMS 2019 Risk Manager of the Year!


Mentioned in this Episode:

RIMS 2019 Annual Conference

RIMS NeXtGen Forum: June 14th, 2019 in New York City

RIMS ERM Conference 2019: Nov. 4-5 in New Orleans

Upcoming RIMS Events

Risk Management Monitor Q&A with Luke Figora

Risk Management Magazine Special Awards Issue

Risk Management Magazine

Boston Convention & Exhibition Center

Northwestern University

Northwestern University’s Qatar Campus

College Admissions Scandal

20 by 2020


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Follow up with Our Guest:

Luke Figora’s LinkedIn