RAW2020 – Behind the scenes

The challenge Alex Sidorenko has been working in risk management, a relatively small field in quantitative decision making, for 15 years. His speciality lies in the statistics, math and decision-making disciplines. Travelling to speak at conferences was a major part of his role as Head of Risk at large corporations and later as freelance risk… Continue reading RAW2020 – Behind the scenes

Real life application of quantitative risk analysis, an excellent case study

Can 17 risk managers double their money in just 2 days with no luck and using only quantitative risk analysis? Find out in this short case study. The problem  To test how well quantitative risk analysis performs I wanted a real life situations, where odds were known and the stakes were high. National lottery looked… Continue reading Real life application of quantitative risk analysis, an excellent case study

100. Are risk managers scared to take risks?

Many risk managers are reluctant to have a conversation with executives about the need to better integrate into decision making and the need to talk and think about risks systematically every day. Changing the methodology, reporting format and tools? Forget about it. Even just talking and asking for a great role in decision making gives… Continue reading 100. Are risk managers scared to take risks?

Absolute triumph for the quantitative risk analysis – part 3/3

Read this till the end. This is one of the best stories of risk management application in real life by some of the best risk managers I have ever met.  I started writing yet another article trying to convince risk managers to grow their quant competencies, to integrate risk analysis into decision-making processes and to… Continue reading Absolute triumph for the quantitative risk analysis – part 3/3

Skin in the game: can risk managers use their witchcraft to make money – part 2/3

I started writing yet another article trying to convince risk managers to grow their quant competencies, to integrate risk analysis into decision-making processes and to use ranges instead of single point planning… but then I thought… why bother… why not show how risk analysis helps make better risk based decisions instead? After all, this is… Continue reading Skin in the game: can risk managers use their witchcraft to make money – part 2/3

Skin in the game: if risk managers are so smart why are they not millionaires?

I started writing yet another article trying to convince risk managers to grow their quant competencies, to integrate risk analysis into decision-making processes and to use ranges instead of single point planning… but then I thought… why bother… why not show how risk analysis helps make better risk based decisions instead? After all, this is… Continue reading Skin in the game: if risk managers are so smart why are they not millionaires?

68. Key findings from the recent risk management maturity survey with Deloitte

Alex Sidorenko from RISK-ACADEMY shares key findings from the recent risk management maturity survey that we did with Deloitte in Russia and CIS. The findings are amazing! At RISK-ACADEMY we have compiled free videos of lectures, seminars and interviews with Russian risk managers, as well as free templates and examples of the tools required for… Continue reading 68. Key findings from the recent risk management maturity survey with Deloitte

The most inspirational story about risk management you will ever read ;)

Most of you know me as an obnoxious risk management blogger who is rude to anyone who uses heat-maps and risk registers as well as to people who think that running risk workshops and preparing quarterly risk reports is a good idea.  But there is a lot more to the story. Here is how me… Continue reading The most inspirational story about risk management you will ever read 😉

46. 4 amazing trends in risk management – Alex Sidorenko

On November 25th, 2016 the Saint Petersburg risk manager’s club held a meeting at the TGC-1 office. Thank you so much to Aleksey Starkov and TGC-1 leadership for organizing and helping to conduct the meeting. A special thank you to Aleksey for the TGC-1 museum tour for the risk manager attendees. Aleksey Starkov spoke about… Continue reading 46. 4 amazing trends in risk management – Alex Sidorenko

Risk management lessons from the greatest World Cup ever

Let me start by saying, the 2018 World Cup in Russia was without a doubt the greatest sporting event I have ever experienced. I was very fortunate to experience most of the action first hand and be a part of the amazing Australian Optus Sport TV crew. Here is a little trip down the memory… Continue reading Risk management lessons from the greatest World Cup ever