Rick has been riding since childhood, though while he was still learning to operate his first motorbike he had an accident that left a scar. When he bought a Harley Davidson as an adult, Rick applied what he learned about mitigating risk as a CPA and auditor.
For Rick, it’s about taking a balanced approach to risk. If a person or organization manages all risks completely, they’ll find themselves stuck without any possibility of reward or growth. Of course there are risks associated with riding a motorcycle, but understanding those risks and knowing how to operate the motorcycle in a safe manner brings great rewards. “In motorcycle riding, obviously there’s lots of danger, and I like to call them disruptors,” says Rick. “Sometimes you’ll see a deer, a pothole, a car turning in front of you, but the way you manage that risk is really understanding how to ride that motorcycle appropriately.” If you’re looking ahead, you can get a lot of enjoyment out of riding a motorcycle and seeing the beautiful scenery.
Rick finds many parallels with how he approaches disruptors in business. It’s important for a forward-looking company to understand potential business disruptors, and to determine how to best manage those risks that could negatively impact the organization. Belden has an ERM process and a strategic plan process, and Rick’s internal audit team has a risk assessment process that is aligned with both. Internal audit at Belden leverages technology to keep a global team on track as it supports business objectives while also providing a good assurance outcome. By looking ahead to be aware of emerging risks, you can strike the right balance between risk and reward — whether in an internal audit role or on the seat of a Harley.