Implementing risk management training and awareness (part 2)

Risk management may seem simple enough in theory, but not all employees have the necessary skills and competencies to successfully apply it in practice. One of the key components in driving change is employee training and development. …continued from previous post Conduct training for “risk-champions” Provide additional risk management training to the in-house risk management… Continue reading Implementing risk management training and awareness (part 2)

Implementing risk management training and awareness (part 1)

Risk management may seem simple enough in theory, but not all employees have the necessary skills and competencies to successfully apply it in practice. One of the key components in driving change is employee training and development. Include the principles of risk-based decision-making in induction training for new employees New hires come from a variety… Continue reading Implementing risk management training and awareness (part 1)

4 steps to integrate risk management into strategic planning

Let me first start by saying integrating risk management into strategic planning is NOT doing a startegic risk assessment or even having a risk conversation at the strategy setting meeting, it is so much more. You will also find it difficult to relate if the objectives have not been defined or documented in your company… Continue reading 4 steps to integrate risk management into strategic planning

What is the ultimate goal of risk management?

Is risk management a management tool or a separate profession. I share my thoughts in this video. It was viewed more than 2000 times and raised a lot of debate, please share your thoughts as well.   DOWNLOAD THE FREE RISK MANAGEMENT BOOK:  https://www.risk-academy.ru/en/download/risk-management-book/ Watch more free risk management videos on http://www.risk-academy.ru/en/risk-management-video/ or subscrive to RISK-ACADEMY… Continue reading What is the ultimate goal of risk management?

Practical steps for risk managers to build trust and positive relationships

Alex Sidorenko from RISK-ACADEMY talks about building trust in risk management, required to stay informed and up to date with information necessary to perform risk analysis   DOWNLOAD THE FULL BOOK FOR FREE: https://www.risk-academy.ru/en/download/risk-management-book/ Watch more free risk management videos on http://www.risk-academy.ru/en/risk-management-video/ or subscrive to RISK-ACADEMY youtube channel https://www.youtube.com/user/alexausrisk

Think of risk management as a service, not as a stand alone process

Risk managers have a unique competency to identify and analyse risks using advanced tools like scenario analysis, sensitivity analysis, decision trees and Monte-Carlo simulations. This toolset can significantly improve business decision making. And just like any other service or tool it needs to be marketed to the rest of the organisation. Risk management needs to… Continue reading Think of risk management as a service, not as a stand alone process

Making money by better managing business risks

Originally published by Alex Sidorenko in Times of Malta: http://www.timesofmalta.com/articles/view/20170130/business-news/Making-money-by-better-managing-business-risks.638039 As we continue to adapt to a highly volatile environment and increasing regulatory pressures, businesses should be more proactive about risk management. There are three reasons why organisations may want to invest in risk management activities: 1. Reduce compliance costs There are certain risks that… Continue reading Making money by better managing business risks

Including risk management on a Board’s agenda

Including risk management on a Board’s agenda is very important to reinforce strong risk culture within the organisation. There are various ways of including risk discussion on the Board’s agenda, however we believe that it is more effective to spend fifteen minutes on risk matters at every meeting than an hour once a quarter or… Continue reading Including risk management on a Board’s agenda

Who should the risk manager report to?

Alex Sidorenko from RISK-ACADEMY talks about the place of the risk manager within the organisational structure, as well as pros and cons of different reporting lines for the risk manager.   Watch more free risk management videos on http://www.risk-academy.ru/en/risk-management-video/ or subscrive to RISK-ACADEMY youtube channel https://www.youtube.com/user/alexausrisk