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Finding a Path Forward: The Intersection of Risk and Compliance

More than ever, risk and compliance management are inextricably linked. How can risk and compliance managers work together to effect an integrated approach that keeps your organization protected while facilitating the business of your financial institution? We spoke with Denise Guira, SVP of Integrated Risk at MIDFLORIDA Credit Union, about leveraging the resources within (and outside) your organization to engage in fruitful conversations about risk and compliance, so your second line of defense can do its job effectively. Denise also discussed the role of internal committees in driving an agenda of ERM programming that ensures compliance is involved in building a roadmap to the best path forward: an integrated approach to risk and compliance management.

Hey there, buddy! Guess what? I just had the coolest chat on our podcast, “The Ncast.” It's Guy Weismantel, your pal and host, and let me tell you, we hit a jackpot of insights into the world of risk and compliance. So, here's the scoop on what went down!

Stephanie Lyon, our VP of Compliance and Contracts, had a heart-to-heart with the amazing Denise Guira. You won't believe the treasure trove of knowledge she dropped. First off, Denise is a rockstar – Senior VP of Integrated Risk at Mid Florida Credit Union. And let me tell you, her take on risk-based compliance? It's like a light bulb moment. She's all about how compliance is your rock-solid foundation, especially if you're just stepping into the risk realm. Picture it as the building block to wrap your head around the rest.

But wait, there's more! Denise knows how to blend compliance and risk like a true maestro. She spilled the beans on using compliance as your North Star when wading through enterprise risk management. You're navigating your risk territory with this compliance roadmap, steering the ship with precision. And let me tell you, she's got a knack for making complex stuff sound like a breeze.

Hold on to your hat, 'cause Denise also shares the inside scoop on how much compliance know-how a risk manager should have. Spoiler alert: You don't need decades of compliance experience under your belt. It's all about understanding your credit union's vibes and being that bridge between the rulebook and real-world twists. She's basically a compliance-speak translator.

And the icing on the cake? Denise knows how to bridge the gap between risk and compliance conversations. She's got this magical formula of being a partner, not a drill sergeant. She makes sure risk conversations are more digestible and compliance talks are softer – a perfect balance of being cautious yet optimistic.

So, my friend, you're in for a treat with this episode of "The Ncast". Denise Guira's insights are pure gold, and you won't want to miss it. Hit that play button and dive into the world of risk and compliance like never before!

In this episode, you will learn

  1. Introducing Denise Guira, SVP of Integrated Risk at MIDFLORIDA Credit Union.
    (0:00)
    Introducing Denise Guira, SVP of Integrated Risk at MIDFLORIDA Credit Union.
  2. How do you define a risk based approach to compliance?
    (1:12)
    How do you define a risk based approach to compliance?
  3. How much knowledge does a risk manager need to understand?
    (5:36)
    How much knowledge does a risk manager need to understand?
  4. How can a risk manager help communicate the importance of compliance?
    (8:15)
    How can a risk manager help communicate the importance of compliance?
  5. Engaging the individual management of each department in risk evaluation.
    (12:37)
    Engaging the individual management of each department in risk evaluation.
Stephanie Lyon (1)
Host
Stephanie Lyon
VP of Compliance, Ncontracts
denisa-guira-sp
Guest
Denise Guira
SVP of Integrated Risk, MIDFLORIDA Credit Union

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