Let’s illustrate the type of problems typical risk registers create and why the use of qualitative or scoring risk registers use should be avoided by management and not accepted by the Boards. Imagine the company has 10 risks in its corporate or project risk register. Board wants to know how these 10 risks affect the… Continue reading What is a risk register why you DO NOT need it
Category: Risk management
3 Pasos para que tu Negocio sea Más Resiliente
No ignores las pérdidas esperadas En la gestión de riesgos existe un concepto que le resultará útil a tu negocio: se llama pérdidas esperadas (o expectativas de pérdida). Ésto significa que es inevitable que se materialicen ciertos riesgos, y que los eventos adversos ocurrirán, pase lo que pase. Los hurtos en el retail, las fluctuaciones… Continue reading 3 Pasos para que tu Negocio sea Más Resiliente
The most honest risk management benchmark. See how you compare against global peers
A while back I created a risk maturity methodology for the Auditor Generals Office in one of the Europeans countries. This model with some modification later became the basis for the annual risk maturity assessment that our company and Deloitte ran across CIS countries for over 4 years. I also used this maturity model to… Continue reading The most honest risk management benchmark. See how you compare against global peers
The lamest excuse for not quantifying risk and you are probably guilty of it too…
Every time risk professionals would have a conversation about risk analysis and specifically risk quantification, someone, inevitably, would come in on a high horse and use this excuse to supposedly undermine the conversation. The argument is completely false and yet, sure as day and night, someone always repeats it. See if you can spot it… Continue reading The lamest excuse for not quantifying risk and you are probably guilty of it too…
4 types of risk analysis, 1 bad and 3 good examples
Say what you will about risk management in financial services, one thing is for sure, it is much more mature than risk management outside of financial services, at least when it comes to credit and market risks. Don’t get me started on operational risk management at banks, it is often embarrassing to put it mildly.… Continue reading 4 types of risk analysis, 1 bad and 3 good examples
Step by step risk management implementation guide for professionals who want to move beyond RM1
Step by step video guide to implementing risk management 1 and 2. Let me know in the comments if this helped you and what would you add to the list. Despite the fact that risk management is a decision making tool, you should probably get Risk Management I sorted first, to keep the auditors, rating agencies and… Continue reading Step by step risk management implementation guide for professionals who want to move beyond RM1
Creating a risk-based audit plan, is it a myth?
The idea that audit plans should be risk based is so old and widely accepted that we give no second thought to it. And yet in my 16 years of risk across 4 continents I have seen 100s of audit plans and I can assure you NONE of them were risk based. They were opinion… Continue reading Creating a risk-based audit plan, is it a myth?
5 concerns for risk managers in 2025 and beyond
It is that time of the year again, we will soon start seeing top 5, 10 and 100 risk lists from every broker and consultant on the planet. Let me guess, it will say something like geopolitics, interest rates, COVID, cyber and logistics? Boooooring. I wanted to take us in a different direction. Here are… Continue reading 5 concerns for risk managers in 2025 and beyond
Book a short call to talk about your risk management or insurance implementation or book a full deep dive
Book a short call to talk about your risk management implementation or risk-based approach to insurance or book a full deep dive to analyse your risk management or insurance and get written recommendations, tips and tricks: https://meet.brevo.com/risk-academy Alex is an experienced executive across strategic, investment and operational risks and insurance working within multibillion dollar corporations… Continue reading Book a short call to talk about your risk management or insurance implementation or book a full deep dive
5-week risk quantification bootcamp by Alex Sidorenko and #Archer
Archer got together with Alex Sidorenko, FERMA Risk Manager of the Year 2021, RIMS International Honoree 2021, to create this practical bootcamp designed to help companies implement quantitative risk management that pays for itself. Imagine saving the company so much money that investing in risk management competencies and resources becomes a no brainer for the… Continue reading 5-week risk quantification bootcamp by Alex Sidorenko and #Archer
