Rochdale CEO Tony Ferris was featured in the CUNA News Podcast episode titled “Building an ERM framework” last month. In the episode, Ferris shares why every credit union should have an ERM program and how to formalize its ERM process.
“What we do from a risk framework standpoint is we partner with those areas to bring in that expertise to your formal ERM program so that you’re giving and getting information, so that is all baked in and it’s all looked at from the same scale, it’s all talked about in the same vein, it’s not piecemealed to you or to the board so we all better have a comprehensive view of what’s going on in the organization,” he said.
Ferris also touches on the increasing risks for 2022.
“There’s no doubt that Fintechs is a big issue and what level of business are they going to take?” he said. “Can we keep pace technologically with the spending that’s necessary out there”
Listen to the full podcast here: https://news.cuna.org/articles/120768-podcast-building-an-erm-framework