Optimizing risk functions through the benefits of collaboration

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

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This series is focused on helping you to assure confidence in the controls, systems and processes that drive your business forward. Podcasts feature PwC specialists that work with clients every day to address today’s most compelling topics and challenges related to digital risk and transformation, internal audit, risk management, compliance and trust and transparency.