Risk and Compliance In Finance | Terri Sands

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This is a podcast episode titled, Risk and Compliance In Finance | Terri Sands. The summary for this episode is: <p><strong>Top 3 Takeaways</strong></p> <ul> <li>It's tough to keep up without good technology</li> <li>The transparency between parties is tough with financial institutions</li> <li>A single point of failure can also be a single point of fraud</li> </ul> <p><strong>Show Highlights:</strong><br /> <strong>[02:50]</strong> Challenges that the smaller financial institutions have in their risk management programs<br /> <strong>[07:13]</strong> The significant irony in financial institutions<br /> <strong>[09:01]</strong> What Terri brings to the table<br /> <strong>[10:50]</strong> Creating a culture of risk-awareness<br /> <strong>[12:24]</strong> Reactive planning versus strategy planning<br /> <strong>[14:25]</strong> The shift Terri has seen<br /> <strong>[15:32]</strong> The unfortunate indicator<br /> <strong>[16:45]</strong> Terri's opinion on banks reducing their operational costs<br /> <strong>[19:43]</strong> One of the areas of challenge of heavily-regulated organizations<br /> <strong>[21:37]</strong> What works and what doesn't for acquired financial institutions<br /> <strong>[25:03]</strong> More tips for acquiring financial institutions<br /> <strong>[26:49]</strong> Guilty by association<br /> <strong>[27:59]</strong> Rounding up with the most shocking fraud story</p> <p><strong>Resources:</strong><br /> <a href="https://securariskmanagement.com/">Secura Risk Management</a> Website<br /> Connect with Terri on <a href="https://www.linkedin.com/in/terri-sands-87910a49">LinkedIn</a><br /> Connect with Terri on <a href="https://twitter.com/bsmartaboutrisk?lang=en">Twitter</a><br /> <a href="https://en.wikipedia.org/wiki/Ozark_(TV_series)">Ozark Show</a></p>


In this episode, Kelley talks with Terri Sands, founder of Secura Risk Management. Terri shares her thoughts on what it really means for a company to properly manage risk, complete with actionable insights listeners can implement at their own companies.

Top 3 Takeaways

It's tough to keep up without good technology

Transparency between parties is difficult in the financial industry

A single point of failure can also be a single point of fraud