This is the last in my series on operationalising risk appetite and I am coming back into the mainstream with the use of risk criteria and the risk matrix. I wrote a blog a couple of years ago called “Escaping the Matrix”. In it I mentioned there are many, many risk practitioners who are calling
If you have been reading my blogs these past six weeks, you will know what I mean by Go Mental. And that means co-creating a decision map to improve your team’s decisions. Last week I introduced some very simple tools, while mentioning more sophisticated tools like data models built using machine learning or AI. If
I love coming up with the cute, pithy, epigrammatic or aphoristic titles for my blogs ☺ I also love a good thesaurus! Last week I espoused the co-creation of a decision map to improve your team’s decisions. That is, to co-create a MENTAL model of how the decision is made and look for ways to
If you are going to fully operationalise your Risk Appetite Statement (RAS) you need to go mental. Developing Mental Models is what I am talking about. Let me explain. Over the past month I have suggested you need to: support your teams by documenting the organisation’s appetite for risk; guide their decision making by reviewing
You have heard the term “Tone from the Top”. To operationalise your RAS you are going to need to “ding the bell” to make sure the leadership team are delivering the right tone. When I say leadership team, I’m talking the broader leadership team, not the Executive that worked with the Board to establish the