RIMS 2006: Heard on the Street
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Wednesday's Question: How do you think enterprise risk management will help you do your job?
 | Mitch Aucoin Director, International Insurance Marriott International Inc. Washington, D.C.
Enterprise risk management within any organization involves a number of different disciplines. Within our organization, enterprise risk management basically means protection of our brand, and the importance of understanding risk management from a global perspective means understanding not only the insurance impact of a company's exposures but also understanding the financial impact of those exposures. And today's risk manager needs to be able to integrate both. |
 | Robert J. Brewer Risk Manager First Niagara Financial Group Amherst, N.Y.
Now, all of I sudden, I'm involved in contract review, and I'm involved in a lot of other interchange with compliance people and with operational people--just trying to bring a whole different perspective (to my bank's risk management approach). Were it not for this ERM thing, I don't know that anyone would have really thought that it was essential to bring all these disciplines to the table. |
 | Peggy Nakamura Assistant Vp, Chief Risk Officer and Associate Counsel Adventist Health Rossville, Calif.
It elevates the strategic component of risk management to the board level, and also across the senior management perspective, so that enterprise risk management is always out there at the forefront of being included in key decision making. |
 | Cathy Reineke Risk Manager Administration Savers Bellevue, Wash
By looking at the risks across the enterprise, that is the most important piece for making my business be able to continue to be profitable. We're looking at a wide variety of risks--anything from reputation risks on through to treasury risks. We have some issues around being in Canada and the U.S., so some of our greatest volatility around the valuation of the dollar vs. the Canadian dollar is very important to us. If you don't look at that, you are going to really affect our profits and our ability to stay in business. |
Tuesday's Question: What risks keep you up at night?
 | Bruce Bailey Director of Risk Management Contego Partners Charlotte
Our employees are offsite... so it is the lack of direct management of those employees and lack of control over the public and other vendors that affect my employees' safety. |
 | Amy Nicolai Risk Manager Camden Property Trust Houston
Florida wind, because I've got a lot of exposure. And something I haven't thought of. |
 | Steve Price Manager Risk Management Holland America Line Inc. Seattle
Ship fire. That one in particular would be a nightmare. |
 | James J. Waibel Senior VP Administration ElkCorp. Dallas
The ones I don't know about. Probably the most significant risk for our business has to do with risks of financial reporting because of potential ambiguity in these reports. An error on our part can have serious consequences. |
Monday's Question: If you weren't a risk manager, what would your dream job be?
 | Deirdra M. Daniels Workers Compensation Manager Legal Children's National Medical Center Washington, D.C.
I would have a day care center with all the amenities like a swimming pool, bakery, cafeteria and gymnastics. |
 | Lance J. Ewing Vice President Risk Management Harrah's Entertainment Inc. Memphis
I would be a pirate captain because you have to be a bit of a rogue, a bit of a ladies man and I think Johnny Depp is way cool. |
 | Rob Gollnitz Risk Control Services Director Group Risk Management Services Benmore, South Africa
I'd be an astronaut. It's the ultimate management of risk, don't you think? |
 | Lou G.M. Verstraeten Vice President Corporate Risk & Insurance VNU Haarlem, The Netherlands
I would start my bicycle shop. Every family in The Netherlands has two to four bicycles. |
