Every October since 2019, thousands of risk professionals log into an event that spends five days questioning the foundations of their own profession. Risk Awareness Week — RAW to its regulars — is the largest virtual conference on risk-based decision making: more than 21,600 attendees from over 140 countries across seven years, named Training and… Continue reading RISK AWARENESS WEEK 2026. Risk management is not about risks. It is about decisions.
Tag: risk register
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
Quant models overthrow traditional risk management: embrace or perish?
In my last job as a Head of operational risk and insurance, I needed a team of 3 quants to build risk models to support decisions, quantify expected losses and calculate expected shortfalls. In my current job, as Head of risk, insurance and internal audit, I can do all this with with 2 AI models,… Continue reading Quant models overthrow traditional risk management: embrace or perish?
What is a risk register why you DO NOT need it
Let’s illustrate the type of problems typical risk registers create and why the use of qualitative or scoring risk registers use should be avoided by management and not accepted by the Boards. Imagine the company has 10 risks in its corporate or project risk register. Board wants to know how these 10 risks affect the… Continue reading What is a risk register why you DO NOT need it
