Navigate Risk Successfully with Wheelhouse

Wheelhouse Advisors gives senior executives, industry professionals and technology providers an integrated view of risk through strategy and technology.

The RiskTech Journal: Insights at the Forefront of Risk Management

The RiskTech Journal is your authoritative source for expert analysis and cutting-edge strategies in the evolving world of risk management. Curated by the leading minds at Wheelhouse Advisors, each article explores the integration of technology with risk management frameworks, offering valuable perspectives to help organizations navigate today’s complex risk environment. From the impact of AI on governance to proactive risk mitigation, The RiskTech Journal provides actionable insights to transform risk into opportunity.

See a sample of our latest RTJ articles below. Click here to explore our full set of articles and stay informed on the future of risk management.

Read the Latest from The RiskTech Journal
The Evolving Perspective on Generative AI: From Technology Risk to Operational Risk
Operational Risk Management, Artificial Intelligence, Technology Risk Management
The Evolving Perspective on Generative AI: From Technology Risk to Operational Risk
Operational Risk Management, Artificial Intelligence, Technology Risk Management

In financial services, generative AI (GenAI) has rapidly emerged as both a transformative opportunity and a formidable risk. According to a recent ORX survey, three-quarters of financial institutions now classify oversight of GenAI under operational risk. This pivotal shift highlights how GenAI is increasingly perceived as a broader business risk rather than merely a technology-specific challenge. For banks and other financial institutions, this development underscores the necessity of integrated risk management (IRM) frameworks to effectively navigate the complexities of AI adoption.

Read More →
Operational Risk Management, Artificial Intelligence, Technology Risk Management
Restating Trust: Tackling the Rise in Financial Restatements with Integrated Risk Management
Financial Reporting, IRM
Restating Trust: Tackling the Rise in Financial Restatements with Integrated Risk Management
Financial Reporting, IRM

The financial landscape has been disrupted by a concerning surge in financial restatements among U.S. public companies. According to the Financial Times, 140 public companies reissued their financial statements in the first ten months of 2024 due to material accounting errors—a nine-year high. These restatements erode investor confidence and raise critical questions about the quality of financial reporting, the robustness of internal controls, and the effectiveness of corporate governance. Notable cases, such as Macy's misclassification of $132 million in delivery expenses and Archer Daniels Midland's overstated profits in its nutrition segment, underscore these errors' severe reputational and financial implications. This trend highlights systemic weaknesses that can no longer be overlooked. The rise in restatements calls for a comprehensive solution—one that Integrated Risk Management (IRM) technology and related RiskTech innovations are well-equipped to deliver.

Read More →
Financial Reporting, IRM
Cyber-Attacks and Corporate Ruin: The Ripple Effects Leading to Bankruptcy
Cybersecurity, Digital Risk
Cyber-Attacks and Corporate Ruin: The Ripple Effects Leading to Bankruptcy
Cybersecurity, Digital Risk

In today's hyperconnected world, cyberattacks have become existential threats capable of reducing even the most established businesses to insolvency. Recent high-profile cases, such as the collapse of National Public Data and the bankruptcy of Stoli Group's U.S. subsidiaries, highlight how cyber breaches and ransomware attacks devastate systems and create cascading impacts that extend far beyond the initial compromise. These incidents serve as cautionary tales about the interconnected nature of operational, financial, and reputational risks in the digital age.

Read More →
Cybersecurity, Digital Risk
The Key to the RiskTech Kingdom: How the Model Context Protocol (MCP) Unlocks Autonomous IRM
Autonomous IRM, Model Context Protocol, AI Agents
The Key to the RiskTech Kingdom: How the Model Context Protocol (MCP) Unlocks Autonomous IRM
Autonomous IRM, Model Context Protocol, AI Agents

The risk management landscape is transforming as technology evolves to meet the demands of increasingly complex business environments. A new open-source tool from Anthropic, the Model Context Protocol (MCP), could represent the pivotal technology that unlocks the potential of autonomous Integrated Risk Management (IRM) systems. MCP may revolutionize how organizations deploy AI-driven IRM solutions by providing seamless, universal connectivity to diverse datasets. At the heart of this transformation is the emergence of AI agents, which stand to benefit significantly from MCP's capabilities.

Read More →
Autonomous IRM, Model Context Protocol, AI Agents
The Rising Tide of Cyber Threats: How Integrated Risk Management Can Combat AI-Driven Attacks
Artificial Intelligence, Cybersecurity
The Rising Tide of Cyber Threats: How Integrated Risk Management Can Combat AI-Driven Attacks
Artificial Intelligence, Cybersecurity

The cyber threat landscape is changing rapidly, with artificial intelligence (AI) serving as both a powerful tool for defense and a formidable weapon for attackers. In a recent interview with The Wall Street Journal, Amazon's Chief Information Security Officer, CJ Moses, revealed a staggering increase in daily cyber threats faced by the company. Over the past six to seven months, Amazon has witnessed an escalation from 100 million to an average of 750 million cyber-attack attempts per day. This exponential rise underscores the urgent need for organizations to implement Integrated Risk Management (IRM) strategies to protect their assets in an increasingly complex digital environment.

Read More →
Artificial Intelligence, Cybersecurity

The Risk Wheelhouse Podcast: Navigating the Future of Risk Management

The Risk Wheelhouse is your go-to podcast for insights and strategies at the intersection of risk management and technology. Hosted by Ori Wellington and Sam Jones, each episode dives into the latest trends shaping integrated risk management (IRM), offering actionable advice to help business leaders turn risks into strategic opportunities. From leveraging AI to creating agile risk frameworks, The Risk Wheelhouse equips you with the knowledge to stay ahead in an ever-evolving landscape.

See our latest episodes below and tune in to chart your course toward smarter decision-making and a resilient future. 🎧

👉 Listen now on Apple Podcasts, Spotify Podcasts, Amazon Music, or here at Wheelhouse Advisors.

Featured
S1E11: Integrated Risk Management in 2025
Digital Risk, Sustainability, IRM
S1E11: Integrated Risk Management in 2025
Digital Risk, Sustainability, IRM

In the latest episode of The Risk Wheelhouse podcast, hosts Ori Wellington and Sam Jones take a deep dive into one of the most pressing topics for businesses today: Integrated Risk Management (IRM). Titled "2025 Predictions: Integrated Risk Management Becomes Non-Negotiable," the episode unpacks why IRM is rapidly becoming essential for organizations navigating an increasingly complex risk landscape shaped by digital transformation, sustainability pressures, and regulatory demands.

Digital Risk, Sustainability, IRM
S1E10: Navigating IFRS S1 and IFRS S2: A Pathway for Integrated Risk Management and Sustainability
Sustainability, Integrated Reporting
S1E10: Navigating IFRS S1 and IFRS S2: A Pathway for Integrated Risk Management and Sustainability
Sustainability, Integrated Reporting

In Episode 10 of The Risk Wheelhouse, hosts Ori Wellington and Sam Jones explore the newly introduced IFRS S1 and S2 standards—guidelines that are reshaping how companies disclose and manage sustainability-related risks and opportunities. As these standards gain traction worldwide, the conversation highlights their critical role in bridging the gap between traditional financial reporting and forward-looking measures of environmental and social impact.

Sustainability, Integrated Reporting
S1E9: The Exponential Growth of Cybersecurity Risks and Their Impact on Business Operations
Cybersecurity, Healthcare
S1E9: The Exponential Growth of Cybersecurity Risks and Their Impact on Business Operations
Cybersecurity, Healthcare

In Episode 9 of The Risk Wheelhouse, hosts Ori Wellington and Sam Jones examine the escalating frequency and severity of cybersecurity breaches, using a recent high-profile healthcare insurance case as a central example. The discussion reveals how initial loss estimates often pale in comparison to the true operational and financial tolls of a cyberattack, underscoring the importance of taking a more integrated and proactive approach to security and resilience.

Cybersecurity, Healthcare
S1E8: How Integrated Risk Management Aligns with the DOJ’s Updated 2024 Guidance on Corporate Compliance Programs
IRM, Compliance
S1E8: How Integrated Risk Management Aligns with the DOJ’s Updated 2024 Guidance on Corporate Compliance Programs
IRM, Compliance

In Episode 8 of The Risk Wheelhouse, hosts Ori Wellington and Sam Jones unpack the U.S. Department of Justice’s updated 2024 guidance on corporate compliance programs, highlighting how Integrated Risk Management (IRM) can serve as a blueprint for meeting these more stringent standards. Against a backdrop of rapidly evolving regulatory expectations, this timely discussion explores why compliance can no longer be confined to checklists and must instead be fully ingrained in the culture and operations of modern enterprises.

IRM, Compliance
S1E7: What Are the Key Trends Shaping the IRM Tech Market in 2024?
IRM Navigator™, IRM Market Trends
S1E7: What Are the Key Trends Shaping the IRM Tech Market in 2024?
IRM Navigator™, IRM Market Trends

In Episode 7 of The Risk Wheelhouse, hosts Ori Wellington and Sam Jones take listeners on an engaging journey through the key trends shaping the Integrated Risk Management (IRM) technology market in 2024. Drawing insights from Wheelhouse Advisors' 2024 IRM Annual Viewpoint Report, the episode unpacks the evolving risk landscape and how IRM is transforming how organizations approach the evolving risk landscape.

IRM Navigator™, IRM Market Trends
S1E6: How Does GRC Fit into IRM and Who Are the Top GRC Vendors in 2024?
GRC, IRM Navigator™
S1E6: How Does GRC Fit into IRM and Who Are the Top GRC Vendors in 2024?
GRC, IRM Navigator™

The discussion is focused on Wheelhouse Advisors’ “2024 IRM Quarterly Insight Report - GRC Edition,” which discusses the evolution of governance, risk, and compliance (GRC) and its importance within the broader framework of integrated risk management (IRM). The report highlights the benefits of integrating GRC applications into a unified IRM platform, providing a comprehensive view of all risks, fostering strategic decision-making, and enhancing regulatory compliance.

GRC, IRM Navigator™
S1E5: AI Agents: Steering Integrated Risk Management into the Autonomous Era
AI Agents, Autonomous IRM
S1E5: AI Agents: Steering Integrated Risk Management into the Autonomous Era
AI Agents, Autonomous IRM

In this episode, Ori Wellington and Sam Jones explore the transformative impact of AI on the Integrated Risk Management (IRM) market. According to the latest figures from Q4 2024, the IRM technology market is projected to grow from $55.8 billion in 2024 to $121.8 billion by 2031, with a compound annual growth rate (CAGR) of 10.2%. This growth reflects a strong demand for advanced, autonomous risk management solutions. Drawing on insights from John A. Wheeler, CEO of Wheelhouse Advisors, they discuss how IRM is evolving from manual processes to AI-driven systems capable of real-time decision-making across the IRM Navigator™ Framework’s four pillars: performance, resilience, assurance, and compliance.

AI Agents, Autonomous IRM
S1E4: IRM in the Fast Lane: Recap from John A. Wheeler’s Keynote at Riskonnect's User Conference
IRM Navigator™, Autonomous IRM
S1E4: IRM in the Fast Lane: Recap from John A. Wheeler’s Keynote at Riskonnect's User Conference
IRM Navigator™, Autonomous IRM

In this episode, Ori and Sam provide a re-cap of the impactful keynote delivered by John A. Wheeler, founder and CEO of Wheelhouse Advisors, at the Riskonnect User Conference - Konnect 2024. They explore how traditional risk management falls short in today’s fast-paced landscape and discuss Wheelhouse Advisors’ IRM Navigator Framework. Built around goals, processes, assets, and policies, this framework offers an integrated, proactive approach to managing risk.

IRM Navigator™, Autonomous IRM
S1E3: ServiceNow and Salesforce Enter the AI Agent Arena: Paving the Way for Autonomous IRM
AI Agents, Autonomous IRM
S1E3: ServiceNow and Salesforce Enter the AI Agent Arena: Paving the Way for Autonomous IRM
AI Agents, Autonomous IRM

In this episode, Ori and Sam delve into the rise of AI agents in risk management, spotlighting how ServiceNow and Salesforce are pioneering autonomous IRM systems. These AI agents go far beyond basic chatbots, capable of automating complex tasks and decision-making across entire departments. The hosts explore how this technology is transforming IRM, allowing businesses to anticipate risks, enhance compliance, and make smarter decisions with AI-driven insights.

AI Agents, Autonomous IRM
S1E2: Risk Transformation Is Accelerating: Why 68% of Companies Are Integrating Risk Management Systems
Risk Transformation, IRM
S1E2: Risk Transformation Is Accelerating: Why 68% of Companies Are Integrating Risk Management Systems
Risk Transformation, IRM

In this episode, "Risk Transformation Is Accelerating," Ori and Sam take you on a journey through the evolving landscape of risk management, explaining why 68% of companies are integrating their risk management systems. Drawing on key insights from the latest KPMG report, they explore how organizations are shifting from a reactive stance to using risk as a strategic advantage.

Risk Transformation, IRM
S1E1: What Is IRM and Who Are the Business Leaders Who Benefit the Most?
IRM, Buyer Persona
S1E1: What Is IRM and Who Are the Business Leaders Who Benefit the Most?
IRM, Buyer Persona

In their debut episode, "What Is IRM and Who Are the Business Leaders Who Benefit the Most?", Ori and Sam dive deep into the world of IRM. Using the "Buyer Persona Guide for Integrated Risk Management," they demystify this mission-critical topic, ensuring you won't feel out of place in those high-level meetings anymore.

IRM, Buyer Persona