Benoit Ladouceur – Five distributions that will immediately improve your risk analysis

“It may sound like modelling is a nearly mythical experience where you need to have a firm grasp of arcane mathematics and hermetic financial models to do simulations, but that’s just not the case,” said Benoit Ladouceur, specialist director enterprise risk at VIA Rail Canada. He was giving a practical presentation to an audience at… Continue reading Benoit Ladouceur – Five distributions that will immediately improve your risk analysis

Torsten Röhner – Why probability is critical for meaningful financial modelling

Torsten Röhner, founder and managing director of Syconomic, demonstrates why financial models that do not account for probability are virtually meaningless. “Most innovations in financial modelling solve the wrong problem… They solve technical problems instead of overcoming flaws in the methodology,” Torsten Röhner, founder and managing director of Syconomic, told the audience at Risk Awareness… Continue reading Torsten Röhner – Why probability is critical for meaningful financial modelling

Duncan Harwood – Why every risk manager must be using Monte Carlo modelling to evaluate effect of risks

Given the uncertainties businesses have faced as result of the Covid-19 pandemic, it’s hardly surprising many are looking to improve how they do risk management. According to Duncan Harwood, managing director of 2020 Risk Management, introducing Monte Carlo simulation one of the best steps a business can take to improve its risk management processes. Giving… Continue reading Duncan Harwood – Why every risk manager must be using Monte Carlo modelling to evaluate effect of risks

Absolute triumph for the quantitative risk analysis – part 3/3

Read this till the end. This is one of the best stories of risk management application in real life by some of the best risk managers I have ever met.  I started writing yet another article trying to convince risk managers to grow their quant competencies, to integrate risk analysis into decision-making processes and to… Continue reading Absolute triumph for the quantitative risk analysis – part 3/3

Skin in the game: can risk managers use their witchcraft to make money – part 2/3

I started writing yet another article trying to convince risk managers to grow their quant competencies, to integrate risk analysis into decision-making processes and to use ranges instead of single point planning… but then I thought… why bother… why not show how risk analysis helps make better risk based decisions instead? After all, this is… Continue reading Skin in the game: can risk managers use their witchcraft to make money – part 2/3

Skin in the game: if risk managers are so smart why are they not millionaires?

I started writing yet another article trying to convince risk managers to grow their quant competencies, to integrate risk analysis into decision-making processes and to use ranges instead of single point planning… but then I thought… why bother… why not show how risk analysis helps make better risk based decisions instead? After all, this is… Continue reading Skin in the game: if risk managers are so smart why are they not millionaires?

David Vose: The Perplexing Math of Uncertainty webinar

Quantitative risk analysis involves a wide range of skills and tasks that risk modelers need to have mastered before embarking on an important risk analysis of their own. Among the most over-looked and underestimated of these skills is knowledge of how to manipulate variables within Monte Carlo simulation models which is the standard modeling technique… Continue reading David Vose: The Perplexing Math of Uncertainty webinar