Women in Risk Management: Challenges & Opportunities with Gayle Lacey

08/15/24 • 26 min

In this episode of Protiviti's Risky Women podcast, Jenny Wong, a managing director in Protiviti’s Hong Kong office, speaks with Gayle Lacey, Chief Risk Officer at HSBC China.

Jenny and Gayle discuss:

The top risks anticipated for financial services in 2024, including interest rate changes, economic conditions, regulatory scrutiny, cyber threats and third-party risks
The challenges posed by evolving global ESG standards and how to balance risk management with the pursuit of innovation
The role of AI and cross-functional collaboration in sharing future risk management strategies

Listen to the podcast as we explore Gayle’s career journey in risk management and learn about the experiences that have been instrumental in her professional growth. Gain insights into her predictions about significant risks facing financial services 10 years from now and essential skills for future CROs.

SHOW NOTES

01:49 Career Journey02:51 Defining Moment in Career 04:05 Adapting During Disruption 22:45 Future of Risk & Compliance 28:58 Qualities of Successful CROs 29:36 Priorities Going Forward

In this episode of Protiviti's Risky Women podcast, Jenny Wong, a managing director in Protiviti’s Hong Kong office, speaks with Gayle Lacey, Chief Risk Officer at HSBC China.

Jenny and Gayle discuss:

The top risks anticipated for financial services in 2024, including interest rate changes, economic conditions, regulatory scrutiny, cyber threats and third-party risks
The challenges posed by evolving global ESG standards and how to balance risk management with the pursuit of innovation
The role of AI and cross-functional collaboration in sharing future risk management strategies

SHOW NOTES

01:49 Career Journey02:51 Defining Moment in Career 04:05 Adapting During Disruption 22:45 Future of Risk & Compliance 28:58 Qualities of Successful CROs 29:36 Priorities Going Forward

Previous Episode

Risk Management is a Revenue Enabler: Helena Frumson

Risk management and compliance are crucial for successful business outcomes, according to Helena Frumson. In this episode she emphasizes that building trust means building revenue, and the need to take calculated risks and embrace opportunities for growth, while also managing potential risks. She also discusses career development strategies, including finding inspiration and remaining positive in uncertain times. And more on the importance of learning to say yes and no with intention!

With 25 years in international leadership, Helena Frumson excels in scaling organizations and crafting impactful business cases. Trusted by CEOs and investment funds, she drives strategic decisions and fosters growth through alliances. Passionate about commerce, innovation, and teamwork, Helena’s expertise spans finance, education, and fashion.

SHOW NOTES

03:02 Career journey 11:24 Healthy boundaries create trust 14:04 Sell the value of Risk & Compliance in times of peace 15:22 What is success? 18:15 Key attributes & career opportunities 23:33 Is empowerment coming soon? 25:55 Rants & Revelations

Get transcripts and more great Risk Management content: https://www.riskywomen.org/2024/08/podcast-s7e3-risk-management-is-a-revenue-enabler-helena-frumson/

Next Episode

Reputational Due Diligence with Lyndee Fletcher

Lyndee Fletcher, President of Vcheck Global, and Kimberley Cole discussed the need for a human-led technology-enabled approach to mitigate risks in reputational due diligence. They emphasize the importance of balancing open source and human intelligence, continuous monitoring, identity verification, and reusable credentials. Lyndee also discusses leadership strategies and team building, highlighting the importance of setting a clear vision, enabling team members to capitalize on their strengths, and taking calculated risks.

SHOW NOTES02:12 Career Journey04:28 Leadership & Team Building 12:16 Reputational Due Diligence & Common Misconceptions 15:52 AI & Technology in the Industry 26:49 Rants & Revelations

Transcript and more great Risk Management content: https://www.riskywomen.org/2024/08/podcast-s7e5-reputational-due-diligence-with-lyndee-fletcher/