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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RISK-ACADEMY offers decision making and risk management training and consulting services. Our corporate risk management training programs are specifically designed to promote risk-based decision making and integrating risk management into business processes. Risk managers all over the world call us in to help sell idea of integrating risk analysis into decision making and using quantitative risk analysis techniques. Check out most popular course for decision makers https://riskacademy.blog/product/risk-based-decision-making-executives/ or our dedicated programs to help risk managers learn the foundations of quant risk analysis https://riskacademy.blog/product/risk-managers-training/. We can also help audit risk management effectiveness or develop a roadmap for risk management integration into decision making https://riskacademy.blog/product/g31000-risk-management-maturity-assessment/
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Alex Sidorenko, known for his risk management blog http://www.riskacademy.blog, has created a 25-step program to integrate risk management into decision making, core business processes and the overall culture of the organization.
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This course gives guidance, motivation, critical information, and practical case studies to move beyond traditional risk governance, helping ensure risk management is not a stand-alone process but a change driver for business.
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