Everybody says the risk managers should speak business language. But what does it actually mean?

Well to me, this means – the results of the risk analysis has to be presented in EXACTLY the same way the decision is being discussed. If an investment decision is made based on NPV and IRR – then risk manager has to bring to the table new calculation for NPV and IRR based on… Continue reading Everybody says the risk managers should speak business language. But what does it actually mean?

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)

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)

Join me for risk management training in Malta in September

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… Continue reading Join me for risk management training in Malta in September

Resources on cognitive biases in risk management

What is the best resource for risk management to learn about cognitive biases, risk perception, and the reasons why simple risk assesments and risk workshops have almost zero chances to work? That’s right, old CIA handbook:  https://www.cia.gov/library/center-for-the-study-of-intelligence/csi-publications/books-and-monographs/psychology-of-intelligence-analysis/PsychofIntelNew.pdf Enjoy!