The FDA and HUD panelists will provide strategies and tactics that support risk-informed decision-making. Both agencies’ speakers will describe changes they have made to their FY 2023 Budget processes to better communicate on and manage enterprise risks. These include both tools and templates as well as ideas on relationships to make sure to foster.

Integrating Environmental, Social, and Governance (ESG) issues is a critical step to understand and manage an organization’s full risk exposure. ESG captures critical issues that naturally align with risk – environmental concerns, such as climate impact, social issues such as diversity, equity, and inclusion, and governance, such as stewardship or sustainability.

While ERM adoption within the U.S. federal government is still in its relatively early stages following the 2016 issuance of OMB Circular A-123, many other governments world-wide have been at the practice of ERM for much longer. Through this session, participants will have the opportunity to hear from the leaders of long-standing ERM initiatives in the United Kingdom and the Canadian Province of British Columbia that are considered as best-in class examples of government-wide ERM program. They’ll share lessons learned from their experience in keeping ERM relevant during periods of change, including insights into the key skill sets of effective risk leaders along with methods for leveraging ERM to help the broader government during periods of crisis.

Systemic risks are all around us – we’re all still living through the cascading systemic failures of COVID. Recent systemic failures like Texas Energy, SolarWinds, and the Microsoft Exchange hack demonstrate how global connectivity and new technology innovations are introducing new systemic risks at a level and of types never seen before.  But few leaders fully understand systemic risks or know how to mitigate them. This plenary session will explore how one point of failure in a complex system can threaten the entire system and how new threats evolve and can emerge over time.