Jan 11, 2022
Welcome to RIMScast. Your host is Justin Smulison, Business Content Manager at RIMS, the Risk and Insurance Management Society.
In today’s first RIMScast episode of 2022, Justin Smulison is joined by the CEO of Resolver, Will Anderson, to discuss his path to the Boardroom.
Will shares his personal experience with pitching a risk management program to another board, offers helpful presentation tips and strategies that risk professionals can use as they prepare their own pitches, and shares his general experience and insights as a board member for other companies.
If you’re a risk professional on the path to the boardroom, this is a not-to-miss edition of RIMScast.
Key Takeaways:
[:01] Do you want to reach risk professionals around the world? Here’s how to sponsor RIMScast.
[:24] About RIMS’ Global Membership and RIMScast.
[:36] About today’s episode.
[:47] Upcoming RIMS current offerings.
[1:14] About the upcoming two-day virtual event: 2022 RIMS RiskTech Forum.
[1:52] More about today’s episode with Will Anderson.
[2:14] Justin welcomes Will Anderson to RIMScast!
[2:22] Will tells about his risk management background leading up to becoming the CEO of Resolver.
[3:08] About the board that Will sits on.
[3:27] How Will successfully pitched a risk management program to the board he sits on.
[4:59] What Sarbanes-Oxley (SOX) is and how it guides risk managers on what they should vs. should not do.
[6:01] Before pitching a successful risk management program, did Will have previous experience pitching to other boards?
[6:38] Was pitching to a board a very formal process?
[7:11] How Will and the audit committee prepare for finding a risk consultancy to work with.
[7:44] Will outlines the next steps asking several consultancies to pitch to them.
[8:19] After helping match the company with a mature risk program, did Will take a backseat as a board member?
[9:19] How Will was able to establish that a risk program was mature.
[10:10] The final results of the risk program that the company went with.
[10:57] Is this process still ongoing? Will they be revisiting the risk program?
[11:45] Would Will say that this was an overall positive and rewarding experience?
[13:09] About the RIMS Mobile App, the RIMS Buyers Guide, and the RIMS 2022 RISKWORLD.
[15:17] Will’s advice to risk professionals who have a good idea/good method and need to pitch to a board.
[16:19] Will’s advice to risk professionals that have the right idea or right direction but struggle with “selling it.”
[17:06] Will shares how he has been seeing more risk professionals/managers who have achieved board-level status.
[17:44] Has Will met any CEOs with a risk background?
[18:20] Will’s advice for risk managers/professionals — particularly rising stars — who are trying to navigate the landscape in 2022 and beyond.
[19:49] Does Will rehearse his pitches beforehand? How does he prepare?
[20:47] Will’s advice for anybody pitching to a board member.
[24:05] Justin thanks Will Anderson for joining RIMScast and shares where to access the full interview, as well as some of the other links to look out for in this episode’s show notes.
Mentioned in this Episode:
RIMS Events, Education, and Services:
TechRisk/RiskTech | RIMS Virtual Event Jan. 26‒27, 2022 — Register Today!
RIMS 2022 RISKWORLD | April 10‒13 in San Francisco! — Register now for advance rate pricing!
NEW FOR MEMBERS! RIMS Mobile App
Visit the RIMS Path to the Boardroom Page
Sponsored RIMScast Episodes:
“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.
Webinars:
Feb. 3, 2022 | “Are You Prepared for the Changing Environmental Risk Landscape?” | Sponsored by Beazley
Virtual Workshops:
RIMS-CRMP Exam Prep (Date: January 11‒12, 2022) Start your RIMS-CRMP journey today at this interactive virtual prep workshop. You will learn about the exam domains, prepare with case studies and hands-on exercises, and tackle sample exam questions — Register here!
Attend the RIMS-CRMP-FED Exam Prep Virtual Workshop presented with George Mason University, February 15‒17, 2022 — Register by Jan. 17 to save $200!
Risk Appetite Management: This senior-level, virtual workshop teaches you how to navigate the complex and critical area of risk appetite management and how to develop a risk appetite framework that clarifies your company’s position on risk-taking. January 18-19, 2022 — Register by Jan. 17!
More ESG on RIMScast:
“ESG and the Board with Luke Jacobs of Encamp”
“A Glimpse of the ‘The Reputation Premium’ with Nir Kossovsky”
“The Future of ERM with Dr. Andrea Bonime-Blanc”
“Joseph W. Mayo on ESG Events and How They Impact the Risk Management Community”
“The Tragedy of the Commons with Les Williams”
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 Risk Leaders Series — New interview with RIMS 2021 Risk Manager of the Year Michael Harrington!
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.
Join the Conversation!
Follow @RIMSorg on Facebook and Twitter, and LinkedIn.
Follow up with Our Guest:
Will Anderson’s LinkedIn
Resolver
Tweetables (For Social Media Use):
“The purpose of risk is to drive better results. So, SOX is certainly a component of a risk program and they interact. But a mature risk program is really thinking more about the objectives and the strategy of the business, and where you want to take it.” — Will Anderson
“I would say that risk and SOX are
somewhat separate, although related, and should be
integrated. ” — Will
Anderson