Join Francois Blouin, Senior Manager, Risk Management – Culture and Transformation at National Bank of Canada and Alex Sidorenko, RISK-ACADEMY, to talk about risk culture and what it means to an organization. We will try to share some fun and practical stories and steps we took to create, strengthen, encourage risk culture.
Here is a little anecdote from me: one of the executives at the largest sovereign fun where I worked created the term “derisking”. It literally meant running a Monte-Carlo simulation on a business plan or budget to replace single point estimate with a range, which would give an executive much more flexibility to choose what goes into the final documents and gets sent to the government. That is one sexy risk culture!
Also, check out my past articles on culture: