Is your risk manager a USER or a GENERATOR? What about you?

I bet every person working in a large corporation or reading me on LinkedIn knows at least one risk manager. Maybe you like them, maybe you ignore them, but can you tell whether your risk manager friend is a “USER” or a “GENERATOR”? Sam Savage has been popularising the idea of different risk management roles… Continue reading Is your risk manager a USER or a GENERATOR? What about you?

116. Does the risk manager have a moral obligation – Alex Sidorenko

Alex Sidorenko from RISK-ACADEMY talks whether risk managers in non-financial companies shave a moral obligation to disclose known limitations of the risk analysis methodology they use. At RISK-ACADEMY we have compiled free videos of lectures, seminars and interviews with Russian risk managers, as well as free templates and examples of the tools required for the… Continue reading 116. Does the risk manager have a moral obligation – Alex Sidorenko

137. The common misconception about risk maturity – Alex Sidorenko

Alex Sidorenko from RISK-ACADEMY talks about risk management maturity and why most risk managers got the concept of maturity totally wrong. The next level of maturity is not a more comprehensive risk register, better risk report or a more detailed risk appetite statement. The next level of maturity is not to have any of those… Continue reading 137. The common misconception about risk maturity – Alex Sidorenko

Super early bird registration for RISK AWARENESS WEEK until 30 June 2022

RISK AWARENESS WEEK is the biggest global online platform to learn risk management and decision making. Amazing lineup of international speakers share practical case studies on integrating risk management into corporate decision making, planning, budgeting, project management and risk-adjusted performance management. Our aim is to bring together best quantitative risk management practices in a easy to understand… Continue reading Super early bird registration for RISK AWARENESS WEEK until 30 June 2022

RAW#6 Controversial thoughts about modern day risk management in non-financial companies

Welcome to the sixth installment of the RISK AWARENESS monthly newsletter. Please show your support for the victims of the war by watching the charity risk management workshop replays and donating https://charity.riskawarenessweek.com. In this newsletter I wanted to share some good old lessons from previous RAW conferences and brand new ideas on risk-based insurance, reputational risk… Continue reading RAW#6 Controversial thoughts about modern day risk management in non-financial companies

136. Do companies need risk champions? – Alex Sidorenko

Alex Sidorenko from RISK-ACADEMY talks about risk champions, their role in risk management 1 and risk management 2. “Risk champions” can be of three types: Official risk coordinators – employees, whose official duties include coordination of risk management processes within individual processes or business units. They are usually responsible for preparing information about risks, monitoring… Continue reading 136. Do companies need risk champions? – Alex Sidorenko

ESG is the worst thing to happen to risk management… after GRC

Climate change is a huge issue, environmental pollution is a huge issue, social inequality and everything else typically bundled under the ESG umbrella are important issues totally deserving the management attention. This article is about something else entirely, so keep your system 1 thinking in check and carry on reading. This article is about the… Continue reading ESG is the worst thing to happen to risk management… after GRC

5 red flags 🚩when selecting an insurance broker

Couple of years ago I was given the responsibility for corporate, non-life insurance across a $10B group of companies. I welcomed the opportunity to combine risk-based quantitative decision making with insurance. Did it work? You be the judge, a year later the company improved the quality of coverage while reducing the cost of insurance by… Continue reading 5 red flags 🚩when selecting an insurance broker

Risk modelling your life – investment growth and recessions

Graeme Keith and I went on a quest to model our lives by applying state of the art risk management techniques. In the previous article we covered income and the associated risks, as well as basic living expenses and the risks associated with expenses growth. In today’s article we will talk about the risks associated with … Continue reading Risk modelling your life – investment growth and recessions

139. Prioritising RM1 and RM2 – Alex Sidorenko

Alex Sidorenko from RISK-ACADEMY talks about prioritizing risk manager’s effort when it comes to RM1 and RM2. Right now the practice is probably the opposite of ideal and risk managers in non-financial companies waste too much time on RM1, noone uses it and it has no or limited impact on the actual decision making. At… Continue reading 139. Prioritising RM1 and RM2 – Alex Sidorenko