4 amazing trends in risk management

On November 25th, 2016 the Saint Petersburg risk manager’s club held a meeting at the TGC-1 office. Thank you so much to Aleksey Starkov and TGC-1 leadership for organizing and helping to conduct the meeting. A special thank you to Aleksey for the TGC-1 museum tour for the risk manager attendees.

Alex Sidorenko spoke about four contemporary challenges in risk management:

  • The transition from risk management as a stand alone system to a quantitative instrument of risk evaluation built into the key processes of an organization
  • Risk management is not characteristic to people in an office. It is counter to human nature. We must approach this by contributing to the development of a risk management culture
  • The role of a risk manager in a company must change. The concept of three lines of defense is morally obsolete
  • To execute its new role the risk management team must possess four key competencies: standards, quantitative evaluation, the psychology of risks and business specificity

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More information about RISK-ACADEMY, our training courses and services at https://www.risk-academy.ru/en/

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