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by Julien Haye | Risk Leadership Expert | Author of The Risk Within
Join Julien Haye, Chief Risk Officer and author of The Risk Within—a groundbreaking book on psychological safety and decision-making in risk—, for insights on risk management from leaders, board directors. RiskMasters is the CPD-accredited podcast for risk managers and business leaders navigating strategic risk, enterprise risk and leadership challenges. The show explores how senior executives build strong frameworks and lead with purpose. In collaboration with Risk.net, each episode delivers thought-provoking conversations on leadership, resilience, and governance.
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Most organisations look for major risks.Frédéric Gielen argues that the biggest threats often begin with something much smaller.Ambiguity.In this RiskMasters: The Download, Frédéric explains why unclear ownership, fragmented data, and poorly defined responsibilities rarely create immediate problems but become systemic vulnerabilities when organisations come under stress.He also explores another overlooked challenge. During periods of regulatory change, organisations often focus on budgets and implementation deadlines while underestimating their ability to absorb change.We explore:Why ambiguity creates systemic organisational riskHow unclear ownership compounds under stressThe relationship between governance, data, and resilienceWhy organisations run out of capacity before budgetHow regulatory change exposes organisational constraintsRisk rarely grows because of a single failure.It often develops where ambiguity, governance, and organisational capacity quietly intersect.---Music by Lexin_Music via Pixabay, used under the Pixabay Content License.
Strong governance frameworks are essential.Clear responsibilities, documented escalation processes, and defined governance structures help organisations operate consistently.Yet these same structures can become obstacles during disruption.In this RiskMasters: The Download, Frédéric Gielen explores why governance frameworks that appear mature on paper may struggle when organisations come under stress.Drawing on decades advising financial institutions, regulators, and boards, he explains how fragmented accountability, sequential decision-making, and misalignment between legal entity governance and operational governance can reduce organisational resilience when rapid decisions are required.We explore:Why mature governance frameworks can fail under stressHow fragmented accountability slows decision-makingThe tension between legal entity governance and operational governanceWhy governance structures should evolve for resilienceThe relationship between governance effectiveness and organisational resilienceEffective governance is not only about clear structures.It is about ensuring those structures continue to support timely decisions when organisations face uncertainty and disruption.
Organisational resilience is often associated with governance frameworks, policies, and documented controls.These remain essential.However, resilience is rarely determined by documentation alone.In this RiskMasters: The Download, Frédéric Gielen explains why organisational resilience depends on organisational design, decision-making, and behaviours that continue to operate effectively under pressure.Drawing on decades of experience advising regulators and financial institutions across Europe, he argues that resilience rarely disappears through a single failure. Instead, it gradually weakens through rational trade-offs that appear reasonable when viewed individually but collectively reduce organisational control. The discussion also explores the difference between documented capability and operational capability. Many organisations develop comprehensive governance frameworks, recovery plans, and resilience documentation. Under stress, however, those same organisations often discover that decision-making, escalation, and accountability do not operate as expected. Another key insight is that resilience should be viewed as a design choice rather than a technical exercise. Governance frameworks provide structure, but organisational resilience depends on transparency, redundancy, accountability, and the ability of the organisation to adapt when disruption occurs. The extract covers:Organisational resilience and governanceRisk frameworks and governance frameworksOrganisational design and resilienceDocumented versus operational capabilityDecision-making under stressRational trade-offs and organisational fragilityThis extract is taken from the full RiskMasters conversation with Frédéric Gielen discussing organisational resilience, governance, leadership, and the structural choices that determine how organisations perform under pressure. This episode will be released on August 1st 2026.
Compliance is often defined through rules, regulation, and control frameworks.The challenge is not the absence of rules. It is how those rules are interpreted and applied in practice.In this RiskMasters bonus episode, Jennifer Geary and Natalie McManus explore the difference between rules-based compliance and principles-based compliance, and why starting with harm leads to better decisions.The discussion focuses on a shift in sequence.Compliance processes typically begin with the question: what does the rule require.In practice, decisions are shaped earlier, when potential outcomes and risks are considered.Starting with harm changes how compliance operates.It requires organisations to consider impact before interpretation, and to apply rules in context rather than in isolation.This creates a shift in how compliance decisions are made:• decisions are anchored in potential harm rather than rule interpretation• rules are applied in context rather than followed mechanically• judgement is exercised earlier in the decision process• supervision is balanced with trust and capability• compliance supports outcomes as well as adherenceThe extract also highlights the role of supervision.Organisations can increase control through oversight, automation, and monitoring.This reduces the risk of error. It also increases cost and can reduce flexibility.Alternatively, organisations can invest in judgement, enabling individuals to act as their own control.The balance between supervision and autonomy becomes a risk decision.For organisations, this changes how compliance supports governance and risk management.Compliance is not only about meeting regulatory requirements. It is about how those requirements are interpreted, prioritised, and embedded in decision-making.This includes how harm is identified, how rules are applied in context, and how judgement is developed across the organisation.Strengthening these capabilities improves how organisations manage compliance risk, support decision-making, and align outcomes with regulatory intent.This extract is taken from the RiskMasters episode with Jennifer Geary and Natalie McManus, discussing principles-based compliance, decision-making, and the role of the Chief Compliance Officer.
Compliance frameworks typically include risk assessment, monitoring, reporting, governance, and policy.The challenge is not the absence of these components. It is how they connect in practice.In this RiskMasters bonus episode, Natalie McManus explains the IMPACT Wheel and how it reframes compliance as a continuous system aligned to the risk management lifecycle.The discussion focuses on how compliance moves from periodic activity to real-time decision support.Risk assessment is often treated as an annual or cyclical exercise. In practice, it occurs continuously, whenever new information, regulatory change, or operational risk emerges.The IMPACT Wheel connects risk identification, measurement, action, monitoring, and correction into a single integrated process.This creates a shift in how compliance operates:risk assessment becomes continuous and real-timemonitoring reflects current conditions, not predefined plansactions are taken based on live informationissues are surfaced through multiple channelsinsight feeds back into decision-makingThe model is designed to be flexible and organisation-agnostic.It allows compliance, audit, and control functions to operate as a connected system rather than separate activities.Simplicity is a core principle. Clear models are easier to apply, easier to scale, and more likely to influence behaviour.For organisations, this changes how compliance supports governance and risk management.It shifts compliance from a structured framework to an integrated capability embedded in decision-making.This includes how risk is assessed in context, how monitoring adapts to change, and how information flows across the organisation.This extract is taken from the RiskMasters episode with Jennifer Geary and Natalie McManus, discussing the IMPACT Wheel, compliance frameworks, and the integration of compliance into the risk management lifecycle.
The Chief Compliance Officer role is often defined through technical expertise, regulatory knowledge, and control frameworks.In practice, the effectiveness of compliance leadership depends on something broader.In this RiskMasters extract, Jennifer Geary and Natalie McManus explore how the capabilities required for high-performing Chief Compliance Officers are evolving in response to increasing complexity, data availability, and organisational pressure.The discussion highlights how compliance is no longer limited to interpreting rules or maintaining frameworks. It is increasingly defined by how leaders apply judgement, influence decisions, and integrate compliance into business operations.A central theme is the distinction between technical capability and leadership effectiveness.While data and AI are reshaping compliance functions and enabling new forms of monitoring and insight, they do not determine how compliance performs in practice.The extract identifies the core capabilities shaping modern compliance leadership:• the ability to interpret and apply data in context• the judgement to act under uncertainty• the influence required to shape decisions across the organisation• the curiosity to ask better questions• the empathy needed to build alignment and drive changeThis creates a shift in how the Chief Compliance Officer role is understood.Compliance is no longer a purely technical discipline. It is a leadership function operating at the intersection of governance, risk management, and decision-making.The discussion also introduces the concept of “flair”.This reflects the ability to bring compliance to life within the organisation, through how rules are interpreted, how messages are communicated, and how compliance is embedded into day-to-day operations.For organisations, this has practical implications.Enterprise risk management, compliance frameworks, and governance structures provide the foundation. The effectiveness of compliance depends on how these are applied in real situations.This includes:• how compliance is integrated into decision-making• how leaders balance technical accuracy with practical judgement• how influence is exercised across functions• how ambiguity is managed in complex environmentsStrengthening these capabilities improves how organisations anticipate issues, respond to risk, and align compliance with strategic objectives.This extract is taken from the RiskMasters episode with Jennifer Geary and Natalie McManus, exploring the Chief Compliance Officer role, compliance leadership, and the future of governance and decision-making.
In this RiskMasters episode, Julien Haye speaks with Jennifer Geary and Natalie McManus, co-authors of How to Be a ChiefCompliance Officer.The conversation explains the Chief Compliance Officerrole as a leadership discipline rather than a control function.It explores how compliance leadership shapesdecision-making, supports strategy, and embeds culture across the organisation.Drawing on practical experience, the discussion reframescompliance as a capability that enables sustainable performance, trust, and long-term value.🧠 What Does a Chief Compliance Officer Do?A Chief Compliance Officer ensures that an organisationoperates within regulatory expectations while enabling effective decision-making.The role combines governance, culture, and advisoryinfluence to shape how organisations manage risk, interpret rules, and minimise harm.In practice, this means embedding compliance into strategy,operations, and everyday decisions rather than applying it after the fact.🎯 What You’ll LearnWhy every senior leader operates as a compliance leader inpractice How compliance mindset improves escalation and decisionquality What defines the Chief Compliance Officer role today How compliance leadership creates competitive advantage Why most compliance programmes fail to influence decisions How the IMPACT Wheel connects compliance into a system ⏱️ Episode Highlights00:02 – Introduction and framing of the CCO role00:54 – Compliance as leadership and social purpose05:34 – Misconceptions about the Chief Compliance Officer11:55 – Compliance as competitive advantage in practice26:49 – The IMPACT Wheel explained41:25 – First 90 days as a Chief Compliance Officer46:23 – Future capabilities: data, AI, and human judgement📚 Related ResourcesFrom Approval to Impact: Repositioning Risk Appetite as a Board ToolUnderstand how governance frameworks influence real business outcomesWhat Would Change if Risk Identification Was Treated as a Strategic Advantage?Reframe how organisations surface and act on emerging risksPsychological Safety in Risk ManagementWhy escalation, culture, and speaking up define effective governance🎓 Download your CPD certificate:The CPD Group – Accreditation: #501232
Risk culture plays a central role in operational resilience, particularly in environments shaped by uncertainty and rapid change.In this segment, Bruce McIndoe explains why governance structures in risk management and crisis management often appear robust but struggle under real conditions.He highlights how organisations rely on defined roles, escalation paths, and reporting structures, yet face challenges in speed, integration, and decision-making when ambiguity increases.The discussion explores how culture influences whether early warning signals are surfaced, how oversight shapes behaviour, and how operational resilience depends on the ability to act before information is fully validated.Listeners will gain insight into:How risk culture influences operational resilience and crisis responseWhy governance structures provide confidence but not always effectivenessHow speed and integration become critical under pressureWhy oversight can delay escalation when certainty is prioritisedWhat this means for enterprise risk management and decision-makingEnterprise risk management, crisis management, and governance frameworks often emphasise structure, reporting, and control.Operational resilience depends on how organisations behave when conditions are uncertain.This includes:how early signals are surfacedhow ambiguity is treated in decision-makinghow quickly teams can act across functionsStrengthening these capabilities improves business resilience and response effectiveness.This extract is taken from the full RiskMasters interview with Bruce McIndoe on operational resilience, risk management, and crisis decision-making.
Join Julien Haye, Chief Risk Officer and author of The Risk Within—a groundbreaking book on psychological safety and decision-making in risk—, for insights on risk management from leaders, board directors. RiskMasters is the CPD-accredited podcast for risk managers and business leaders navigating strategic risk, enterprise risk and leadership challenges. The show explores how senior executives build strong frameworks and lead with purpose. In collaboration with Risk.net, each episode delivers thought-provoking conversations on leadership, resilience, and governance.
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