ABOUT RISK TRANSPARENCY

MISSION

To enable transparency of risks for the benefit of entities and their stakeholders.

VISION

 

We seek to enable leaders of private and public entities to leverage and strengthen existing enterprise-wide strategic, operational, and risk management governance structures and processes for near-term value creation and protection, and for longer-term organizational resilience.

LEADERSHIP

Jim Traut

Founder and President

David Fox

Co-Owner

Jim Traut Bio Photo_edited.jpg

JIM TRAUT

Founder and President

Jim is a strategically focused CPA and CGMA driven to enhance two-way respectful communication throughout an organization and with key stakeholders.  He has over three decades of business experience including strategic planning, acquisition and divestiture due diligence, enterprise-wide reputation and risk management, finance, control, international business, and start-ups.

Jim obtained most of his global finance, strategy, risk, control, audit, and ethics knowledge during his several decades at the H.J. Heinz Co., including seven years developing and leading the Heinz global Enterprise Reputation and Risk Management function.  Leading up to the Berkshire Hathaway and 3G Capital Management acquisition of the H. J. Heinz Co. in 2013, Jim was the global Vice President of Enterprise Reputation & Risk Management and Ethics and Compliance.

 

He has extensive international business experience with appreciation for country specific cultural norms.  An accomplished thought leader, Jim drives communication, growth, profitability, and sustainability through:

  • Development and implementation of global and cross-functional risk governance frameworks

  • Establishment of risk appetite models aligned with strategic and performance objectives

  • Evaluation of business processes and implementation of performance measurement systems

  • Bridging cross-functional and cultural differences to identify key improvement areas

  • Building trust through collaboration and communication across all organizational levels including C-Suite and Board of Directors

In 2014 Jim Founded RISK TRANSPARENCY and in 2015 he Co-Founded a cloud based DIY motion graphics video creation software start-up company.  Jim also serves as an Adjunct Faculty at Carnegie Mellon University.  He teaches the Chief Risk Officer Certificate program at the Carnegie Mellon University Heinz College of Information Systems and Public Policy.  Jim also serves as a Faculty Advisor for the Heinz College Master of Information Systems Management (MISM) Capstone courses.

In June 2010 Treasury and Risk Magazine ranked Jim as one of the 100 Most Influential People in Finance for his role as a Risk Attendant implementing global ERM operations strongly linked to strategy.

 

DAVID FOX

Co-Owner

David is a risk management, governance and finance professional who combines extensive operating company experience in multi-national energy, engineering and construction and banking with professional services experience in Big Four consulting and insurance brokerage.  

 

His clients have often commented that he delivers straight-forward advice instead of consulting speak. In particular, he is known for his ability to simplify complex business issues and recommend a solution that delivers value. He has built ERM programs at two different Fortune 500 companies as Director, Risk Management.    

David Fox Photo 9.26.19.png
 

David has delivered ERM solutions for over 15 years and built risk management capabilities allowing clients to discover strategic opportunities and make corrections.  On several occasions, clients executed major restructurings with spin-offs because of keener risk awareness of performance and value issues.

In his work, David has emphasized governance issues both affecting management and the board.   He has served as a trustee for four years for a UK pension fund, and as board member for two community not-for-profit organizations.   He is a member of North Carolina State Poole College of Management Enterprise Risk Management Initiative Advisory Board and National Association of Corporate Directors - Texas Tri-Cities Chapter, both since 2010.   

David received a Master of Business Administration in Finance from Kenan-Flagler Business School, The University of North Carolina at Chapel Hill, and Bachelor of Business Administration from The University of Texas at Austin.   In June 2010, Treasury & Risk named David in their 100 Most Influential People in Finance.  As a consultant in a Big 4 firm for over five years, David specialized in enterprise risk management and delivered programs that connected strategy to risk management while satisfying management strategic needs and board oversight responsibilities.   He has served clients across multiple industries (technology/data, oil & gas, power, automobile, industrial/manufacturing, insurance, healthcare payor and aerospace & defense) and throughout the country.