RECORDING: Why risk matrices are immoral… or are they?

Watch the recording of a live debate between J.D. Solomon and Alex Sidorenko on whether risk matrices/heat maps have a place in risk management or should they be avoided like plague. J.D.Solomon argued that risk matrices are the “gold standard” for risk analysis in most industries and all of those people cannot be wrong. Risk… Continue reading RECORDING: Why risk matrices are immoral… or are they?

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?

Why do I love ISO31000:2018?

Quite simply, because it is so high level and it has plenty of good messages. High level That’s right. The best thing that ever happened to ISO31000 is the fact that is so ridiculously high-level and doesn’t provide any specific details on the implementation. This is important for 2 reasons: risk management implementation is an art,… Continue reading Why do I love ISO31000:2018?

The great debate – Alex Sidorenko vs Chris Mandel – is ERM real?

Yesterday was a great day. I had great fun debating ERM with a good friend, Chris Mandel, SVP Strategic Solutions, Sedgwick and Director, Sedgwick Institute. We started talking about ERM and what it means for business but quickly switched to many other fascinating topics, including integration of risk management, decision making, cognitive biases, quantification, showing risk management… Continue reading The great debate – Alex Sidorenko vs Chris Mandel – is ERM real?

Great debate – ERM good or bad?

Mark your calendars. Another great risk management live debate is coming up. This time I am meeting Chris Mandel to argue whether ERM a value-adding concept or yet another consulting bag of tricks? Is this a useful concept that adds value to the decision makers and the organization as a whole, or is it just… Continue reading Great debate – ERM good or bad?

COSO ERM:2017 vs ISO31000:2018?

Join Alex Sidorenko from RISK-ACADEMY to talk about pros and cons of COSO ERM 2017 and the upcoming ISO31000:2018. Find out why both standard and framework miss a huge opportunity to better integrate into decision making and move away from flawed qualitative tools and what should you do to help your decision makers take informed… Continue reading COSO ERM:2017 vs ISO31000:2018?

Integrate into decision making, integrate into decision making… how do you actually do it?

Quite often people ask me how to better create corporate risk register or departement level operational risk registers or risk management framework documents. My answer is always the same – don’t need one, don’t do it. All of my videos, articles, posts hint at better ways to get the same job done. Ok, fair enough,… Continue reading Integrate into decision making, integrate into decision making… how do you actually do it?