Episode 79 — GRC From A Process Perspective: Michael Schank
GRC — three letters that scare a lot of people. So much that they like to avoid thinking of risks and compliance at all.
But don’t be afraid (quite the opposite), GRC can not only be an addition to your artifacts to make them better, they can also benefit to your program by “having the ear” of influential people in your organization … who, by coincidence, can generate budget out of nowhere, it seems.
And we are happy to welcome Michael Schank (again) who has worked in that space in the financial industry for years.
Michael is a distinguished thought leader and executive, specializing in addressing Digital Transformation and Operational Excellence challenges through his innovative, process-based framework. With over 25 years of experience in the Financial Services industry, he has primarily served as a management consultant, empowering clients with forward-thinking solutions in technology, process, and risk and spearheading large-scale business and digital transformations. Michael brings a powerful combination of superior sales and delivery skills, having personally sold and delivered over $100M in consulting services.
He is the author of the book, ‘Digital Transformation Success,’ in which he introduces his groundbreaking Process Inventory framework. This promises to be a transformative approach to achieving success in the digital era, unlocking unprecedented levels of operational efficiency and strategic alignment.
In this episode of the podcast we are talking about:
- Michael’s background
- Three lines of defense in risk management
- Integrated, business-oriented risk management
- How to create the foundation for this and integrate with performance data
- Involved teams and roles
- Why risk programs fail and teams struggle
- How to set up a program for success
- How AI and Digital Twins can help with the leg work
Michael can be found on LinkedIn (of course) and on his website at https://www.processinventory.com/.
Please reach out to us by either sending an email to hello@whatsyourbaseline.com or leaving us a voice message by clicking here.
Additional information
- Michael’s book is available on Amazon here: https://www.amazon.com/Digital-Transformation-Success-Achieving-Delivering/dp/1484298152.
Credits
Music by Jeremy Voltz, www.jeremyvoltzmusic.com
- CP1 (Welcome)
- Basement Apartment (Interlude 1)
- MetricOffBeat (Interlude 2)
- South Wing (Outro)
Roland Woldt is a well-rounded executive with 25+ years of Business Transformation consulting and software development/system implementation experience, in addition to leadership positions within the German Armed Forces (11 years).
He has worked as Team Lead, Engagement/Program Manager, and Enterprise/Solution Architect for many projects. Within these projects, he was responsible for the full project life cycle, from shaping a solution and selling it, to setting up a methodological approach through design, implementation, and testing, up to the rollout of solutions.
In addition to this, Roland has managed consulting offerings during their lifecycle from the definition, delivery to update, and had revenue responsibility for them.
Roland has had many roles: VP of Global Consulting at iGrafx, Head of Software AG’s Global Process Mining CoE, Director in KPMG’s Advisory (running the EA offering for the US firm), and other leadership positions at Software AG/IDS Scheer and Accenture. Before that, he served as an active-duty and reserve officer in the German Armed Forces.
