RAW2020 – Behind the scenes

The challenge Alex Sidorenko has been working in risk management, a relatively small field in quantitative decision making, for 15 years. His speciality lies in the statistics, math and decision-making disciplines. Travelling to speak at conferences was a major part of his role as Head of Risk at large corporations and later as freelance risk… Continue reading RAW2020 – Behind the scenes

102. Why ERM is not effective – cognitive biases

In this 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 make strategic, operational… Continue reading 102. Why ERM is not effective – cognitive biases

Integrating risk management into decision making

If there is one thing I learned in my previous role as a Head of Risk of multibillion-dollar PE/VC investment fund, risk management is not about managing risks. It’s about helping management make strategic, operational and investment decisions with the risks in mind. It sounds simple enough, but it’s anything but. Integrating risk management into core business processes, decision making and the overall culture of the organisation is hard work with many steps along the way. Elena Demidenko and I have actually published a number of articles and books on the topic and you free to browse them in the official RISK-ACADEMY blog https://riskacademy.wordpress.com or download the free book https://www.risk-academy.ru/en/download/risk-management-book/ or watch free short videos