#ChangingRisk

Risks are changing and risk management needs to change too. In order to remain relevant and continue to add tangible value to businesses, at StrategicRISK we believe risk management needs to evolve and change. That’s why we launched #ChangingRisk - a campaign promoting new thinking in risk.

#ChangingRisk gathers the views of the global risk community on how you think risk should evolve to better meet the needs of business. We really are passionate about really making a difference and changing risk management for the better. But we need your help so please get involved and email us at strategic.risk@nqsm.com with your thoughts.

SR_web_Sharon Xu

What can risk managers do better in 2023?

In the post-pandemic world, risk managers must reevaluate what constitutes an ‘acceptable’ risk

geopolitical risk, chess, world, map, data

Ukraine triggers a re-evaluation of global systemic risk

Systemic risks affect entire markets - not just specific sectors - and are now top of mind for senior executives - WEF

thumbnail_2022-05-19-_Risk-n2022-3635

The bridge builder

Our industry is still misunderstood, says Risk-!n co-founder Stéphane Martin. We need to push the ‘manage’ into risk management

financial calculate

The problem with Quant

Daniel Roberts considers the limitations of quantitative risk management

Peter Gerken Headshot

Reputations under siege

It has never been more difficult to manage reputational risk - is authenticated risk management the answer? asks Peter Gerken

challenge, mountain

How to set and use risk appetite

Forget the caricatures. Risk appetite can and does power the link between strategy and execution

shanghai insurtech china innovation

Why CEOs are “resetting” their risk radar

Nearly 80% of business leaders are adjusting global operations and/or supply chains to minimise risk, finds EY

lightbulb, new thinking

A fresh take on risk

Is risk management strategically fit for purpose when it is too reactive and compliance-focused? asks Adrian Clements

Michael Stuckings Headshot

Supply chains: Building climate risk resilience

Supply chains are particularly vulnerable to climate risk, as many global production systems are focused on ensuring efficiency over resiliency

View from the board

The boardroom perspective: Graham and Ludlow

The world is complex, changing and connected and boards need to respond, argue Airmic’s Julia Graham and John Ludlow

risk (2)

Using risk appetite to support decision-making: Gordon

In the last of our #changingrisk series, Sarah Gordon warns against vanilla risk appetite statements

Culture

Measuring risk culture: Greenstein

Companies are investing heavily in GRC tools, but often lack the ability to measure risk behaviour and culture, says Justin Greenstein

View from the board

Selling the value of risk management to the board: Narayanan

If you haven’t convinced stakeholders in two minutes, you’ve probably lost their attention, says Suchitra Narayanan

Digital wave

Use digital transformation to your advantage: Corless

Digital transformation should be used to “reliably and repeatedly detect changes to risk”, argues risk thought leader Chris Corless

Intangibles background2

Focus on intangible risks: Masterson

Organisations should not overlook the intangible risks facing their business, according to Michael Masterson.

pexels photo 373543

Data can engage C-Suite: Wong

Risk managers can harness data to their advantage to engage C-Suite members on important issues, according to Danny Wong.

more decisions

Use alternatives to heat maps: Sidorenko

Risk managers should use alternatives to heat maps to inform decision-making, according to Risk Academy’s Alex Sidorenko.

IFB board shakeup

Move away from company-centric views: Clements

Risk managers need to change the way they perceive risk and move away from company-centric views, according to Adrian Clements.

digital face

Risk 4.0 - Are you prepared: Black

Risk managers must be prepared for new risks in an unprecedented era of technological and societal change, according to Warren Black, principal and founder, Complexus

independent brokers resisting lure consolidators

Risk managers should challenge subconscious bias: Gahan

Risk managers should view risks from different perspectives and challenge subconscious bias in their roles, according to Karla Gahan, business continuity officer at the University of Newcastle, Australia.

pexels photo 373543

Data and technology will improve decision-making: Shah

The latest technology and efficient use of data will help risk managers to improve their decision-making, according to Frashad Shah, head of risk management at highway concession business Prolintas.