Risk culture or risky culture – great webinar and what are some of the takeaways

It truly was a great webinar! Watch the replay from Francois Blouin, Senior Manager, Risk Management – Culture and Transformation at National Bank of Canada and Alex Sidorenko, RISK-ACADEMY, talking about risk culture and​​​​​​​ what it means to an organization. We shared 13 action points for you to implement.   I, naturally, suggest you watch the… Continue reading Risk culture or risky culture – great webinar and what are some of the takeaways

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WEBINAR: Risk culture or risky culture?

Join Francois Blouin, Senior Manager, Risk Management – Culture and Transformation at National Bank of Canada and Alex Sidorenko, RISK-ACADEMY, to talk about risk culture and​​​​​​​ what it means to an organization. We will try to share some fun and practical stories and steps we took to create, strengthen, encourage risk culture. REGISTER: https://events.genndi.com/channel/riskculture Here is… Continue reading WEBINAR: Risk culture or risky culture?

What competencies should risk managers outside of banks and insurance companies really have?

Originally written for RM GURU and posted on  http://riskmanagementguru.com/competencies-risk-managers-non-financial-companies-really.html/ Here is also a short video summary of the article: https://www.youtube.com/watch?v=nqmnycKZwgg A while back I saw some discussions about competencies that risk managers should have. Some people talked about empathy and emotional intellect, others about strong communication skills and networking. And I thought to myself, what a… Continue reading What competencies should risk managers outside of banks and insurance companies really have?

How did you build a risk culture in your organization?

Five or six years ago, while working as a Head of Risk of one of the sovereign funds, I was walking through the office and saw a table tennis table sitting idly in the corner of the Head of Strategy office. I remembered how I loved table tennis when I was young. I wasn’t particularly good… Continue reading How did you build a risk culture in your organization?

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 (part 1)

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 (part 1)

Should it be risk culture or integrating risk management principles into the corporate culture?

Alex Sidorenko from RISK-ACADEMY talks about risk culture in this short video. What if instead of calling it risk culture, we should instead think of it as integrating risk management principle into the overall corporate culture of the organisation.   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… Continue reading Should it be risk culture or integrating risk management principles into the corporate culture?

Cognitive biases every risk manager must know (part 3)

Overconfidence bias The overconfidence effect is a well-established bias in which a person’s subjective confidence in his or her judgments is reliably greater than the objective accuracy of those judgments, especially when confidence is relatively high. Throughout the research literature, overconfidence has been defined in three distinct ways: (1) overestimation of one’s actual performance; (2) […]

Cognitive biases every risk manager must know (part 2)

Overconfidence bias The overconfidence effect is a well-established bias in which a person’s subjective confidence in his or her judgments is reliably greater than the objective accuracy of those judgments, especially when confidence is relatively high. Throughout the research literature, overconfidence has been defined in three distinct ways: (1) overestimation of one’s actual performance; (2) […]

Cognitive biases every risk manager must know (part 1)

Overconfidence bias The overconfidence effect is a well-established bias in which a person’s subjective confidence in his or her judgments is reliably greater than the objective accuracy of those judgments, especially when confidence is relatively high. Throughout the research literature, overconfidence has been defined in three distinct ways: (1) overestimation of one’s actual performance; (2)… Continue reading Cognitive biases every risk manager must know (part 1)