Risk Management Culture Without the Silos

🎂 Building a Unified, Holistic Risk Management Culture

What does it look like when a company breaks out of risk “silos” and starts seeing risk as a shared, strategic opportunity? It looks a lot like collaboration, communication, and a genuine sense that everyone — from IT and supply chain to HR and compliance — has a stake in making the business stronger.

📖 Read the Article from NTM Advisory: Beyond Silos: Building a Unified, Holistic Risk Management Culture

Compliance Updates

⏹️ Federal Banking Agencies Target Regulatory Burden

In July 2025, federal agencies initiated broad reviews to reduce outdated and burdensome regulations for banks. The FDIC proposed adjusting regulatory thresholds to match inflation—with future indexing — and regulators jointly moved to rescind the 2023 Community Reinvestment Act rule, aiming for more stability and predictability in compliance for financial institutions.

⏹️ AI Act Compliance Deadlines Extended in Colorado

On August 28, 2025, Colorado legislators moved the Colorado AI Act’s effective date from February 1, 2026 to June 30, 2026, giving businesses more time to comply with requirements for AI risk management, discrimination safeguards, and detailed documentation. Lawmakers are expected to scale back the law’s most burdensome provisions in the 2026 session.

🤝 Cultivating a Risk-Aware Mindset at Every Level

A risk-aware mindset isn’t just for the C-suite — it’s for everyone. When leadership weaves risk awareness into the daily fabric of work life, the result is a company where employees feel comfortable flagging concerns, celebrating smart decisions, and turning risk management into an energetic, forward-looking practice.

Leadership: Set the Example

• Model risk-aware thinking in decisions — communicate openly about risk, reward, and lessons learned.

• Champion a transparent risk strategy and regularly update the team on risk appetite and expectations.

• Demonstrate that raising concerns is encouraged, never punished — set a tone of trust and proactive support.

Empower Through Knowledge

• Offer ongoing training and accessible resources so all employees understand what risk means in their role and how to identify it.

• Use everyday examples and scenarios — workshops, simulations, and story-sharing — to make risk language relatable and actionable.

Make Communication Second Nature

• Establish simple, clear channels for risk reporting — forms, platforms, or open meetings—removing barriers to speaking up.

• Encourage regular “risk huddles” where any team member can raise an issue or share insight without fear.

Build Accountability and Ownership

• Assign clear responsibility for key risks so everyone knows their role in mitigation and monitoring.

• Tie risk-minded behaviors to performance reviews and professional development.

By targeting these steps, risk management quickly becomes more than a checkbox — it’s a daily habit, a team value, and a vital ingredient for innovation and long-term success.

👇 Webinar: Risk, Reputation, and Regulation Now Hinge on How We Govern AI 👇

To stay resilient in 2025, risk leaders must move beyond traditional, reactive frameworks and embrace an approach that integrates external intelligence with effective AI governance. Together, these practices enable earlier detection of threats, smarter prioritization, and risk strategies that balance innovation with accountability.

This webinar from OCEG will explore how risk management is entering a new era while revealing the governance strategies that turn uncertainty into opportunity.

September 23rd, 2025 @ 11 am ET

🤔 Questions or Concerns?

We’re happy to listen! Just reply to this email and we’ll be in touch!