Cognitive biases every risk manager must know (part 1)

Overconfidence bias The overconfidence effect is a well-established bias in which a person’s subjective confidence in his or her judgments is reliably greater than the objective accuracy of those judgments, especially when confidence is relatively high. Throughout the research literature, overconfidence has been defined in three distinct ways: (1) overestimation of one’s actual performance;…… Continue reading Cognitive biases every risk manager must know (part 1)

Single most important factor that drives risk culture

Alex Sidorenko from RISK-ACADEMY talks about the single most important factor that drives risk management culture in organisations. It’s not tone at the top or risk appetite, it’s something much more pragmatic. DOWNLOAD THE FREE RISK MANAGEMENT BOOK: Watch more free risk management videos on or subscrive to RISK-ACADEMY youtube channel

4 amazing trends in risk management

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. Alex Sidorenko spoke about…… Continue reading 4 amazing trends in risk management

Risk managers beware

I recently had a wonderful opportunity to ask a large group of profesionals one simple question – what is risk management? More than 1450 experts from a Russian professional social network (equivalent to Linkedin in Russia) have participated. Most are not risk professionals. The results, I find, are quite amazing:   This is pretty much…… Continue reading Risk managers beware

Which non-financial risk management certification to choose?

There seem to be a lot of angry talk about various risk management certifications on the web lately. Most such comments are coming from people who are very ill-informed about how certification, any certification, works in general. As a creater of 2 national risk management certification programs that have been hugely successful in Russia, here…… Continue reading Which non-financial risk management certification to choose?

World-Class Risk Management 2017

Norman Marks and Alex Dali are coming to Moscow on 17 may 2017 for the largest risk management event in Russia and CIS. More than 350+ people are expected to attend the event in the Moscow Government building. Alex Dali will head the roundtable discussion about modern-day trends in risk management certification. While Norman Marks…… Continue reading World-Class Risk Management 2017