What should a typical risk management framework include?

What should a typical risk management framework include? Should an organisation develop a single integrated risk management framework document or is there a better way to integrate risk management into business processes and corporate culture?

 

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What is the role of modern day risk manager?

Is it methodology expert, facilitator, educator or a policeman? Maybe everything of the above? If so, in what proportion? Write your comments below and subscribe to our youtube channel.

 

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

Designing the best risk management training

To train or not to train? Risk management may seem simple enough in theory, yet many employees still don’t have the necessary skills and competencies to successfully apply it in practice. One of the key components in building risk management skills is no doubt employee training and development. But how effective training really is? Interestingly, I found the… Continue reading Designing the best risk management training

5 reasons why internal audit may be the best place for the risk manager to sit

A while back I recorded a short video on the topic of risk management organizational structure in a non-financial company. In the video I discussed various options for risk manager’s place in the overall organizational structure. Since there is really no single right answer, the few common options include: reporting directly to the CEO, reporting… Continue reading 5 reasons why internal audit may be the best place for the risk manager to sit

Why risk management in SME is better than in large corporations

Couple of weeks ago I was very fortunate to host one of the roundtables during the FERMA risk seminar in Malta. I am very thankful for the opportunity because the experience of brainstorming for 45 mins with the representatives from various small and medium enterprises (SMEs) really highlighted some major problems with modern day risk… Continue reading Why risk management in SME is better than in large corporations

Building risk culture is easier than making hot dogs

Yes, building risk culture is that easy! Before I explain, let me first clear few weird misconceptions about risk culture that have been floating around in the non-financial companies: Making decisions under uncertainty is not natural for humans Back in 1970s scientists had a breakthrough in understanding how human brain works, what influences our decisions,… Continue reading Building risk culture is easier than making hot dogs

Gamification in Risk Management

Risk management business game 2014 In 2014 I collaborated with EY to develop Russia’s first risk management business game. It was great fun and as a result we created a pretty sophisticated business simulation. Participants were split into teams of 10, each person receiving a game card that describes their role (CEO, CFO, risk manager,… Continue reading Gamification in Risk Management

11 best risk management books

Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets Everyone wants to succeed in life. But what causes some of us to be more successful than others? Is it really down to skill and strategy; or something altogether more unpredictable? This book is the word-of-mouth sensation that will change the… Continue reading 11 best risk management books

Can risk management even be effective?

Lately, everyone, from the government agencies to regulators to corporate board members, seem to be talking about the need for better, more effective risk management. The challenging part is that, despite the guidance provided in ISO 31000:2009, the concept of risk management effectiveness still remains vague. This article attempts to summarize the basic components of… Continue reading Can risk management even be effective?

3 fatal mistakes most risk consultants make

Risk management in modern non-financial companies is very different compared to say 5 years ago. The level of risk management maturity, for lack of a better word, has grown significantly. As more and more companies across the globe are looking to implement robust risk management, the demand for risk management consultants is also growing. Unfortunately,… Continue reading 3 fatal mistakes most risk consultants make