RIMScast: The State of ERM with Carol Fox, RIMS VP of Strategic Initiatives

The State of ERM with Carol Fox, RIMS VP of Strategic Initiatives

Dec 8, 2020

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

This week, Justin Smulison is joined by Carol Fox, VP of Strategic Initiatives at RIMS!

Carol was a well-known risk practitioner for decades before joining RIMS full-time in 2010. She is a results-driven, innovative Executive Risk Management Leader with unique expertise in building proven outcomes-based training, systems, and processes for organizational resilience and sustainability.

As the queen of all things ERM, Carol shares her insightful perspective and insight on the state of ERM; the achievements and progress that the Strategic and Enterprise Risk Management Council (SERMC) made in 2020; changes at RIMS that have helped shape the risk management profession; and how you, as a risk professional, can tackle the challenges of 2021 and beyond!

(Be sure to be on the lookout for a future RIMS Risk Leaders interview with Carol Fox where she will be talking career highlights, lessons, and key takeaways!)

Key Takeaways:

[:01] About RIMS’ Global Membership.

[:26] About today’s episode.

[:36] Current RIMS features, offerings, and events.

[1:49] More about today’s episode with Carol Fox.

[2:11] Justin welcomes Carol Fox to RIMScast!

[2:32] Carol shares about her work with the Strategic and Enterprise Risk Management Council (SERMC) as well as some of the achievements and progress that the council made this year in 2020.

[4:23] How this year is different for the SERMC than last year’s.

[4:50] Carol has her ear to the ground when it comes to ERM. How were ERM practitioners tapped this year, considering COVID-19?

[5:48] Did Carol hear this information anecdotally from RIMS members or the greater risk management community?

[6:27] As the ERM leader at RIMS, does Carol breathe a sigh of relief when she hears about risk management professionals’ business continuity plans running smoothly in the midst of COVID-19?

[6:51] How can ERM practitioners continue to be influencers in 2021 and beyond?

[7:48] Carol highlights some of the changes that have occurred at RIMS that have helped shape the risk management profession.

[8:54] The initiatives that Carol will continue to work on with the SERMC.

[9:42] Carol’s hopes for the practice of ERM in general (and, specifically, on the ways to better harness digital technologies).

[11:27] Carol’s experience putting together and hosting several sessions at the virtual 2020 ERM Conference.

[13:26] Carol shares some parting words for RIMScast listeners.
[14:22] Justin thanks Carol for joining the podcast and shares some of the links to check out in this episode’s show notes.

Mentioned in this Episode:

RIMS ERM Conference 2020 — Access the On-Demand Sessions! — Available through January 5th, 2021

RIMS Risk Forum 2020 India — Register for On-Demand Content!

RIMS Professional Report: “Pivoting From ERM to SRM”

RIMS Webinars:

“RIMS Advocacy Presents: Privacy Compliance, Post Election” — Dec. 8th, 2020 — Register Today!

Sponsored by Fusion Risk Management: “Operational Resilience: The CEO Imperative to Protect, Change and Grow” — Dec. 10th, 2020

Sponsored by Resolver: “Practical Strategies for Developing Your Risk Metrics” — Dec. 15th, 2020

“The Intersection of Reputation, Communication, and Risk”

Upcoming RIMS Webinars

New Audio Series: RIMS Risk Leaders — Featuring Robert Cartwright, Jr.

RIMS Risk Management Talent 2025 Report