When I moved from a multibillion dollar global fertiliser company to a ramping up rare earth mining company in Brazil, my operational risk team went from 9 to 3 people. I thought we would have to scale back on the risk management projects and the types of quant risk models our team built. But then,… Continue reading Whether you want to or not, AI will shape the future of risk management
Tag: risk-based decision making
RISK-ACADEMY’s guide on risk reporting to the Board
Every decision you make comes with its own set of risks, and waiting until the next quarterly review to address them can leave your projects exposed. This guide is built on the idea that risk analysis should be embedded into every decision you make, not just as a periodic exercise to update an enterprise risk… Continue reading RISK-ACADEMY’s guide on risk reporting to the Board
3 Risk Management Ideas from the Future
I believe there are 3 things risk managers of the future will be doing. Today, most of you are doing number 1, some, very few, are doing number 2 and almost no one is doing number 3. Risk managers of the future will be spending 50% of their time on number 3, 49% of their… Continue reading 3 Risk Management Ideas from the Future
Reframing everything you know about risk management in a 1.5 hours – watch the full video from RISK-IN conference in Zurich
Risk management is often framed as a separate discipline focused on managing risks through risk registers, heat maps, risk frameworks and qualitative risk reports. This is like confusing astronomy and astrology. Risk registers, heat maps, risk frameworks and qualitative risk reports have nothing to do with risk management, let alone risk based decision making. This… Continue reading Reframing everything you know about risk management in a 1.5 hours – watch the full video from RISK-IN conference in Zurich
How quantitative risk analysis can transform insurance buying and other business decisions
Alex Sidorenko, group head of risk, insurance and internal audit at Serra Verde Group, shares why technological advances mean that every CRO can tackle quantitative risk analysis to improve threat management and insurance buying Alex Sidorenko, group head of risk, insurance and internal audit at Serra Verde Group, is speaking at the Risk-!n conference on May 30-31 in… Continue reading How quantitative risk analysis can transform insurance buying and other business decisions
RISK-ACADEMY’s Auditing Risk Management Guide
Welcome to the RISK-ACADEMY‘s Auditing Risk Management Guide, a comprehensive resource designed to help organizations assess and improve the effectiveness of their risk management practices. In today’s complex and uncertain business environment, effective risk management is more important than ever. As such, this guide aims to provide practical insights and recommendations for evaluating and enhancing your… Continue reading RISK-ACADEMY’s Auditing Risk Management Guide
RISK-ACADEMY’s guide on ISO31000:2018
We are excited to announce the release of our new RISK-ACADEMY guide on ISO31000:2018, a globally recognized standard for risk management. Our guide is designed to help organizations implement the principles of ISO31000:2018 and mature their risk management practices. Our comprehensive guide provides an in-depth understanding of the ISO31000:2018 standard, including its key principles and… Continue reading RISK-ACADEMY’s guide on ISO31000:2018
3 steps to apply Monte-Carlo simulations to any investment project decision
Risk management 2 shouldn’t be difficult. So I started on a quest to come up with a simple methodology for quantitative risk analysis that will actually improve decision making. This is still work in progress, so any comments and suggestions please send them to me or write below the article. Also don’t forget, RAW2020 is… Continue reading 3 steps to apply Monte-Carlo simulations to any investment project decision
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)
