I wonder if anyone realises that implementing ERM is actually bad risk management

According to COSO ERM, “enterprise risk management” refers to the culture, capabilities, and practices, integrated with strategy-setting and performance, that organizations rely on to manage risk in creating, preserving, and… Continue reading I wonder if anyone realises that implementing ERM is actually bad risk management

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

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… 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… 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… 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… 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… 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… 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) […]