The Current State of Risk Oversight: Useful or Useless?

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Latest risk management training in the middle east

RISK-ACADEMY, together with Global Institute for Risk Management Standards (G31000) www.g31000.org and the Institute for Strategic Risk Analysis (ISAR)  have conducted a series of risk-based investment management courses at one of the GCC sovereign funds.

Below are just some of the critical topics covered in our training courses:

  • Development and implementation of practical tools for making strategic, operational and investment decisions based on risk
  • The psychology of risk perception, cognitive biases associated with investment decisions and the development of risk management culture
  • Integration of risk management into strategic asset allocation, budgeting, investment activities, reporting and other key business processes across the fund
  • Quantification of the impact of risks on the objectives and KPIs of the fund as a whole or on individual private investments (decision trees, tools, Monte-Carlo

How to show executives value from risk management

Alex Sidorenko from RISK-ACADEMY talks about showing value from risk management to different stakeholder groups.   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 youtube channel https://www.youtube.com/user/alexausrisk

Creating risk champions

An active network of “risk champions” is a very effective management tool used to develop strong risk management culture. This network could become the “glue” between the risk management team and the rest of the business. “Risk champions” can be of three types: Official risk coordinators – employees, whose official duties include coordination of risk… Continue reading Creating risk champions

Building a risk management peer network

We always encourage risk managers not to reinvent the wheel. Learn from others. Build connections with risk managers from similar companies. A good place to meet similar minded risk managers is the G31000 group on LinkedIn https://www.linkedin.com/groups/1834592. Do not be afraid to share your own experiences or participate in online and face-to-face discussions or initiatives… Continue reading Building a risk management peer network

Risk management quick wins

Alex Sidorenko from RISK-ACADEMY talks about risk management quick win – testing management assumptions. 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 youtube channel https://www.youtube.com/user/alexausrisk

How to move from risk management to risk-based management

According to the ISO 31000:2009, principles risk management should be an integral part of organisational processes and decision making. Picking up on that important point, risk management should be seen as a management tool designed to improve planning, budgeting, performance management and other core business processes. Risk management also helps management to make more informed… Continue reading How to move from risk management to risk-based management

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)