Alex Sidorenko at IDA International Risk Management Conference 2017 - Denmark. 4 future trends in corporate risk management. Alternative take on ERM implementation

2. Working as a Head of Risk for a large
investment fund, I came across four
valuable risk management lessons
2
1 2 3 4

3. 3
1
Risk management must
transition from a stand alone
activity to a quantitative risk
analysis tool built into the
key organizational processes
and material business
decisions
https://www.researchgate.net/publication/266666768_The_Risk_of_Using_Risk_Matrices

5. 5
2
Risk management is counter
intuitive to humans in the
workplace. Risk managers
must overcome human
tendency to ignore risk by
focusing on integrating risk
management into the overall
culture of the organization
https://en.wikipedia.org/wiki/Risk_perception 2002, 2017

8. 8
3
The role of a risk
manager in a company
must change. The
concept of three lines of
defense is obsolete and
does not provide value
for the business

9. 9
4
To execute its new role
the risk management
team must possess four
key competencies:
ISO31000, quantitative analysis,
risk perception/psychology and
business specifics

10. Future risk management trends
10
1 2 3 4
Integration Culture Skin in
the game
Competencies

11. Пример

12. Пример
12
Questions?