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  • Julien Haye

Risk Unboxed: Navigating Board Dynamics and Unconventional Journeys with Terri Duhon on RiskMasters

Episode 1

Interview with Terri Duhon on RiskMasters

Discover Terri Duhon

“A lot of people think that we can put risk in a box and assign it to the risk committee, and then it's done with. Then the risk committee does a bunch of magic, and then, suddenly, risk is managed. The truth is, clearly, that's not how it works. Risk is part and parcel of return.” – Terri Duhon

Tune in for a captivating discussion on the world of risk management and board dynamics with Terri Duhon in the premiere episode of RiskMasters Podcast! 

In this episode of RiskMasters, you will discover

  • Her career path and the choices she had to make

  • How to get on the board and board dynamics

  • The view from the board when it comes to risk management, corporate culture and psychological safety

About Terri Duhon

Terri played a pivotal role in the global development of the credit derivative market. Her expertise and contributions have garnered attention from notable media outlets, including the books “Fool's Gold” and “PBS's Frontline”. 

She is award-winning educator and TEDx speaker, and author of the acclaimed book How the Trading Floor Really Works. 

She currently serves on 4 boards including as Non-Executive Chair of Morgan Stanley Investment Management Ltd and non-executive director on the board of Wise the payment company. 

Terri's influence extends further as she is also the Ambassador for Women on Board, an Associate Fellow at The Said Business School; a motivational speaker for Speakers for Schools.

Listen to the full episode on your player of choice

Find out more about Terri Duhon

Download the transcript of the interview with Terri Duhon

EP1 - Risk Unboxed_ Navigating Board Dynamics and Unconventional Journeys with Terri Duhon
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Summary of the interview with Terri Duhon on RiskMasters

In the first episode of the RiskMasters’ podcast, Julien Haye dives into a discussion with Terri Duhon, a seasoned professional in the finance industry, exploring various aspects of her career, personal life, and insights on risk management.

Terri Duhon starts by addressing the common notion of ‘having it all’ in one's career and personal life. She emphasises the importance of making conscious choices and finding balance amidst the numerous responsibilities and joys that come with being a parent and pursuing a career.

Being a parent significantly influenced Terri's career choices, prompting her to re-evaluate her path and ultimately leading her to a fulfilling position she loves today. She reflects on the idea of compromises and whether they truly represent her journey.

The conversation delves into Terri's experiences with failure and how it shaped her professional growth. She stresses the significance of discussing and learning from failures, countering the tendency in the finance sector to solely focus on successes. Terri candidly shares her own experiences, including a moment where she was let go, which ultimately opened doors to even greater opportunities.

As a parent, Terri faced the challenge of entering the boardroom, a transition that required adapting her communication style to align with the expectations and dynamics of this new environment. She emphasises the importance of effective communication and understanding the nuances of various professional settings.

The conversation shifts to the dynamics of a board, where Terri sheds light on its role in strategy-setting. She underscores that boards primarily serve an oversight function, evaluating and challenging strategies presented by executives. Terri highlights the necessity for robust discussions and diverse perspectives in the decision-making process.

Terri provides insights into risk management within a board context. She emphasises that risk is inherent to return, and it's essential for the board to understand and accept the risks associated with strategic decisions. Terri stresses the importance of identifying, assessing, and managing risks effectively within the organisation.

The discussion concludes with Terri's perspective on fostering a culture of psychological safety within an organisation. She emphasises the need for leaders to create an environment where employees feel comfortable speaking up, challenging the status quo, and providing different perspectives. Terri advocates for a culture that embraces failure as a learning opportunity and encourages open dialogue.

Terri's experience and insights provide valuable lessons for professionals in finance and beyond, emphasising the importance of balance, adaptability, effective communication, and a culture of continuous learning and improvement.


Don't miss out on future episodes! Hit that subscribe button on your favourite podcasting platform, and stay tuned for fascinating discussions on risk management – Apple Podcasts, Spotify, Amazon, Google Podcasts


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