Tag Archives: ALEX SIDORENKO

#457 – 10 QUESTIONS TO ASK BEFORE YOU HIRE A RISK MANAGER – ALEX SIDORENKO

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I’ve done a fair share of hiring risk managers for myself and sometimes when friends CROs ask me to interview some candidates for them. I strongly believe these are the qualities a good risk manager should have. I am also one of the rare people who think accountants and lawyers do not turn into good risk managers, 99% of the time. Here are the questions I like to ask. Let me know how many would you feel comfortable answering right now and what other questions would you ask in the comments. Continue reading →

#455 – WHAT MOTIVATES RISK MANAGERS? – ALEX SIDORENKO

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A while back I went on a quest. I was trying to find what motivates risk managers. After a dozen interviews I am no closer to the answer but I think I got a pretty good grasp about what motivates me, Alex Sidorenko, as a risk manager. See if any of these resonate with you. Continue reading →

#454 – 7 REASONS YOU HAVEN’T IMPLEMENTED QUANTITATIVE RISK MANAGEMENT YET – ALEX SIDORENKO

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In the wake of so many meltdowns, such as the 2023 collapse of Silicon Valley Bank and the 2022 implosion of FTX cryptocurrency exchange, as well as events like the 2021 Archegos Capital Management collapse, the 2021 Suez Canal obstruction, and the far-reaching impacts of the 2020 COVID-19 pandemic, investigations have consistently revealed significant shortcomings in risk management practices, raising the critical question of whether these catastrophes could have been mitigated or even prevented with a more robust and risk based thinking, planning and decision making. Continue reading →

#453 – RISK MANAGERS: AI WILL REPLACE YOU IF YOU DON’T – ALEX SIDORENKO

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A study published in the Annals of Oncology found that a deep learning algorithm achieved a 95% accuracy rate in detecting melanoma from skin lesion images, outperforming a panel of 58 dermatologists whose average accuracy was 86.6%.  In another study published in Nature, a deep learning system was able to identify breast cancer from mammograms with greater accuracy than radiologists. Continue reading →

#452 – HOW AI IS HIJACKING RISK MANAGEMENT JOBS – ALEX SIDORENKO

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Imagine you are building a world class risk management team for a non-financial company, who would you hire? In  my risk management team I need a researcher, a decision analyst, a quant and a culture ambassador.

The researcher

I need someone to spend time scouring through reports, news articles, and regulatory updates to identify emerging risks and trends. This demands a keen eye for detail and a deep understanding of the industry. Continue reading →