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Ep 66: 99% of what you know about risk management is wrong (Alexei Sidorenko - Chief Risk Officer)

The Audit Podcast

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The Importance of Cross Pollination in Risk Management

I always encourage my team to figure out at least three or four different ways are we going to use it. The second thing is kind of cross pollination, which may be a little bit difficult to kind of to grasp. We have big dreams for making this much more streamlined and truly creating a library of risk distributions of risk distribution so we can reuse. And I think the kind of the future after that, conveyors with different other companies and kind of spread the value among each other. There are few risks that almost every company could do double or triple work on. But then we also talked about creating a good opportunity to create some sort of data sources for large companies in the country.

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