KISS risk management with Andrew Sheves
By Andrew Sheves
KISS risk management with Andrew ShevesMar 19, 2021
What is Risk?
Risk and risk discussions are often hampered by inconsistent terminology and a high degree of subjectivity. To overcome this, we need to understand what we mean when we ask 'what is risk?'. This article lays out a concept for risk using the ISO definition - the effect of uncertainty on objectives. It breaks individual risks into their three main components: threat, vulnerability and impact for downside risks or opportunity, and exposure and impact for upside risks. These concepts form the basis for all subsequent risk discussions and lay the groundwork for a risk assessment methodology.
This episode is also available as a blog post: https://andrewsheves.com/2017/02/24/what-is-risk/
10 Considerations for New Risk Managers
Beginning any career or specialist field can be daunting and getting started in risk management is no different. There are many challenges out there and some will continue to crop up as long as you are practicing risk management. Here, in no particular order, are 10 risk management skills or abilities you should look to develop as you embark on your career as a risk manager.
This episode is also available as a blog post: https://andrewsheves.com/2021/03/19/10-considerations-for-new-risk-managers/
80 / 20 your risk management
Apply the 80/20 rules to your risk management portfolio. That's going to help focus on what's most critical and identity the mitigation that will give you the most bang for your buck.
This episode is also available as a blog post: https://andrewsheves.com/2021/01/11/80-20-your-risk-management/
Becoming a risk manager
Becoming a risk manager can seem to be more art than science. There's not a clear pathway from degree to junior risk manager to senior risk manager to CRO (Chief Risk Officer). However, there is a way. Here are some techniques that you can use to move into and progress in the field.
This episode is also available as a blog post: https://andrewsheves.com/2021/03/07/becoming-a-risk-manager/
What is a risk manager?
Asking 'what is a risk manager?' will get you poor, confusing results. So here's a full explanation of the role to help you get started.
This episode is also available as a blog post: https://andrewsheves.com/2021/02/28/what-is-a-risk-manager/