The Risk Wheelhouse Podcast

The Risk Wheelhouse is the podcast dedicated to exploring how RiskTech is reshaping the future of risk management. Hosted by our experts, Ori Wellington and Sam Jones, each episode delves deep into Integrated Risk Management (IRM), offering insights into the latest trends, technologies, and strategies. Join us to stay ahead in the ever-evolving risk landscape and empower your organization with actionable knowledge.

S5E6: Build An Emerging Risk Reflex Before The Next Shock Hits

S5E6: Build An Emerging Risk Reflex Before The Next Shock Hits

The conversation centers on a stubborn truth: most boards are well briefed on emerging risks, yet few translate insight into movement. The research shows 76 percent receive comprehensive risk reports, 42 percent engage meaningfully, and just 22 percent act. That collapse at the decision point is the “funnel of inaction.” The hosts argue that leaders chase the wrong fix by investing in problem precision using hyper-detailed probabilities and impact ranges. This approach only provides a marginal, statistically insignificant uplift in action. Precision invites skepticism, shifts attention to model assumptions, and implies costly, multi-year programs that boards rationally defer. The better path is to reframe conversations around solution options that emphasize low regret actions, the cost of delay, adjustments to existing programs, and clear pacing across quarters.

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S3E3: The Missing M—Why Risk Needs Managers, Not Just Playbooks
Integrated Risk Management, Governance, GRC Wheelhouse Advisors Integrated Risk Management, Governance, GRC Wheelhouse Advisors

S3E3: The Missing M—Why Risk Needs Managers, Not Just Playbooks

The moment a baseball season begins, hope fills the air as teams dream of championship glory. But as any sports fan knows, talented players alone can't win championships—they need strong managers making smart calls and adjusting strategy in real-time. This powerful analogy perfectly captures what's often missing in corporate risk management today.

Many companies believe their Governance, Risk and Compliance (GRC) programs provide comprehensive protection against uncertainty. Yet in practice, these programs frequently amount to little more than documenting potential problems and checking compliance boxes—the equivalent of having a playbook without a coach actively managing the game. This fundamental gap between identifying risks and actively managing them represents the critical difference between traditional GRC approaches and the emerging discipline of Integrated Risk Management (IRM).

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