Optimizing risk functions through the benefits of collaboration

Transforming Risk into Confidence: A PwC podcast series - A podcast by PwC Risk and Regulatory

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In this episode, Lauren Massey joins Brian Schwartz to discuss steps organizations can take to maximize risk coverage, create efficiencies and drive stronger risk insight.We discuss the following questions:1:04 - What do we mean "the whole is greater than the sum of the parts" in the context of risk function collaboration and how is it beneficial? 2:53 - What are we seeing risk functions do to try to optimize one another and what are some starting points? 4:47 - How important is digital transformation as part of the optimization of a risk function? 6:18 - What are other steps risk functions can take besides digitization? 7:32 - How does an organization’s brand factor into their transformation and optimization efforts? 8:19 - What are some key takeaways for those looking to optimize the value of their risk functions?https://www.pwc.com/us/en/services/risk-assurance/podcasts/2020-global-risk-study-optimizing-risk-functions-collaboration.html