A while back I went on a quest. I was trying to find what motivates risk managers. After a dozen interviews I am no closer to the answer but I think I got a pretty good grasp about what motivates me, Alex Sidorenko, as a risk manager. See if any of these resonate with you.… Continue reading What motivates risk managers?
Tag: cognitive biases
AI applications for risk management
The traditional methods of risk management, while valuable, can be hindered by human biases, limited data analysis capabilities, and the sheer complexity of modern business operations. Artificial intelligence (AI) offers a transformative solution, empowering risk managers with the tools and insights needed to navigate uncertainties and make informed decisions. This comprehensive guide delves into the… Continue reading AI applications for risk management
100 AI strategies that will transform your risk taking skills
We’ve hit an exciting milestone with the first 100 registrations for RISK AWARENESS WEEK 2024! To me, each registration represents a commitment to advancing risk management and decision-making . And to celebrate, I have prepared 100 ideas AI can transform your company and personal decision making. That’s right. A hundred ideas. Not bs, generic AI-generated… Continue reading 100 AI strategies that will transform your risk taking skills
If cognitive biases in decision making are a given, how do risk managers overcome them?
If we accept there is a cognitive bias in decision making, how can we as risk professionals account for this and help our senior executive make better bias-free decisions? Risk Academy’s Alex Sidorenko discusses. Originally published for Knowledge@StrategicRisk https://www.strategicrisk-asiapacific.com/the-knowledge/overcoming-cognitive-bias-in-senior-executives/1428016.article The earliest psychometric research was performed by psychologists Amos Tversky and Daniel Kahneman (who later won a Nobel… Continue reading If cognitive biases in decision making are a given, how do risk managers overcome them?
Risk Management Could Be a Powerful Tool, But it Just isn’t (part 4)
In the final of a four-part series, Alex Sidorenko, founder and CEO of Risk-Academy, explains how to integrate risk management into core processes. If there is one thing I learned in my previous role as Head of Risk at a multibillion-dollar sovereign investment fund, risk management is not about managing risks. It’s about helping management… Continue reading Risk Management Could Be a Powerful Tool, But it Just isn’t (part 4)
Risk Management Could Be a Powerful Tool, But it Just isn’t (part 3)
In the third of a four-part series, Alex Sidorenko, founder and CEO of Risk-Academy, explains how risk management is disconnected from decision making. If there is one thing I learned in my previous role as Head of Risk at a multibillion-dollar sovereign investment fund, risk management is not about managing risks. It’s about helping management… Continue reading Risk Management Could Be a Powerful Tool, But it Just isn’t (part 3)
Risk Management Could Be a Powerful Tool, But it Just isn’t (part 2)
In the second of a four-part series, Alex Sidorenko, founder and CEO of Risk-Academy, explains how the key to managing corporate risks is often through dealing with the individual risks of decision-makers first. If there is one thing I learned in my previous role as Head of Risk at a multibillion-dollar sovereign investment fund, risk… Continue reading Risk Management Could Be a Powerful Tool, But it Just isn’t (part 2)
Risk Management Could Be a Powerful Tool, But it Just isn’t
Alex Sidorenko shares four valuable lessons about integrating risk management principles and methodologies into the day-to-day decision making. He shares some practical suggestions on how to overcome cognitive biases when managing risks and make risk-based thinking part of the overall corporate culture of the organisation. If there is one thing I learned in my previous… Continue reading Risk Management Could Be a Powerful Tool, But it Just isn’t
Are risk managers too scared to take risks?
Many risk managers are reluctant to have a conversation with executives about the need to better integrate into decision making and the need to talk and think about risks systematically every day. Changing the methodology, reporting format and tools? Forget about it. Even just talking and asking for a great role in decision making gives them… Continue reading Are risk managers too scared to take risks?
3 fatal mistakes corporate risk managers make (part 2)
A while back I wrote an article about 3 fatal mistakes risk consultants make https://riskacademy.blog/2017/01/14/3-fatal-mistakes-most-risk-consultants-make. It made quite an impact and was republished in Australia, Canada, Singapore and Europe with dozens of thousands of views. I feel it’s only fair to write a follow up article about the 3 more mistakes that risk managers themselves… Continue reading 3 fatal mistakes corporate risk managers make (part 2)
