About the episode: How can businesses share data to enable them to collaborate effectively whilst still retaining control of their data? Ali Nicholl at IOTICS thinks his company has the answer. Guest Name: Ali Nicholl Ali Nicholl is part of IOTICS’ founding team and IOTICS’ Head of Engagement, working across transport, logistics, utilities, the bui…

About the episode: The National Oceanic and Atmospheric Administration in the US called last year the hottest on record “by far”. During the year we saw many climate-related catastrophes – from large scale fires to unprecedented flooding. And yet, for some, the science of climate change is controversial. Many claim that even climate scientists don’…

As we increasingly connect our devices and our lives to the online world, product security and quality become ever more important. In this episode Toby is joined by Andrew Gordon-Brooks, COO of Secure Delivery, a firm specialising in providing security improvement programmes for software engineers, product managers and leadership. Andrew is also a …

In this episode, we dive into the incredible journey of Sean Jacob, whose impressive career spans across multiple sectors, from Defence to Commercial, Aviation to Finance, both in the UK and internationally. With an exceptional ability to bridge the gap between business strategy and technology, Sean has been the driving force behind numerous succes…

Toby explains how the podcast will change in the coming months to focus more on business. The past few years have seen more than their fair share of challenges for the business environment. An enormous number of businesses are feeling the squeeze and, as a result, looking for ways to increase capacity, capability, and production. At Wicked Problems…

Alex is an experienced executive across strategic, investment and operational risks and insurance working within multibillion dollar corporations in Australia, GCC and Europe. Successfully implemented changes to quantitative risk analysis, risk-based decision making and neuroscience. Saved more than $13 million per year in premiums on cargo and PD/…

Henry Mintzberg is a writer and educator, mostly about managing originations, developing managers, and rebalancing societies (his current focus). After receiving his doctorate from the MIT Sloan School of Management, he has made his professional home in the Desautels Faculty of Management at McGill University in Montreal, where he sits in the Clegh…

David Hurst is a speaker, writer and management educator. He spent 25 years working in corporations at progressively more senior levels in several countries in a series of organizational “train wrecks”, as the Western World began its radical transition from the industrial era to the age of knowledge and information. He uses complexity science and c…

In this edition I am speaking to Keith Grint, Professor Emeritus at Warwick University. We’re discussing Wicked Problems in general, the specific Wicked Problems of Covid-19, Brexit, and Leadership. When Wicked Problems were first introduced by Rittel & Webber in 1973, various people have built upon the idea that it was Professor Grint, drawing on …

After nearly 3 decades of building Fortune 500 brands and serving as a 3x CMO, Stephanie founded Mindfire Mastery in 2020 to show leaders the secret power of using disruption to their advantage to catapult from functional to optimal. As a certified professional coach and emotional intelligence teacher of the Google born Search Inside Yourself (SIY)…

Marcus Kirsch has worked as a transformation, service design and innovation specialist for over 20 years. Today he helps organisations be better problem-solvers and be more resilient. He is a Royal College of Art alumnus and former MIT Medialab researcher. He led projects for companies like British Telecom, GlaxoSmithKline, Kraft, McDonald’s, Natio…

Andy is the Founder of the Transparency Task Force (TTF) the collaborative, campaigning community dedicated to driving positive, progressive and purposeful reform of the world’s financial services industry, through harnessing the transformational power of transparency. Core to The TTF’s mission is to “encourage ongoing reform of the financial servi…

Royston A Cumberbatch is an expert in Finance, Business and Investing. With a career spanning 30 years… He now empowers business owners and entrepreneurs to make better decisions and get higher returns / profit after tax. He does this by using his unique Profitable Business Blueprint and Proven Profit Generator System. What I found really interesti…

Today I’m with Anuka Gazara-Anthony. Anuka is a Mindfulness teacher and Leadership & Wellness Coach who combines organizational leadership, programme management and hypnobirthing in her work. She has supported and advised executives in a diverse range of organizations, including the United Nations and the International Labour Organization, with wor…

Martin cut his teeth as an early AWS pioneer leading two of the largest migrations in the world in the early naughties. He now has 15 years’ experience in Digital Strategy, Cloud Architecture and Digital Operating models and has provided best practice cloud usage, DevOps/Agile operating models and technical leadership to some of the world’s largest…

Welcome to another edition of Wicked Problems. Jannah Patchay is a subject matter expert and consultant in the financial markets sector who specialises in financial markets innovation, and helping firms define, develop and execute commercial strategies in a highly regulated environment. Her passion is for market structure and finding creative solut…

Risk! There’s definitely some going around at the moment, whether it’s markets, business continuity, or popping to the corner shop – risk is everywhere. My guest today is Jan-Peter Onstwedder. Jan-Peter has over 25 years experience in risk management across a wide variety of asset classes and global trading markets, both in a banking and a corporat…

By Toby Corballis

With the world in lockdown, how do you get the right amount of exercise? Exercise videos abound on the internet. Most of which provide a vital service to people seeking to stay fit. However, the majority are aimed at those who already have a certain level of fitness and flexibility. So, is there an exercise routine that works for all, regardless of…

I first met Aino at a conference. I was late to a session and she graciously signalled that the seat next to her was free. I had no idea that I was now sitting next to the day’s keynote speaker, a fact that didn’t reveal itself even when we were paired up for an exercise that involved sharing our earliest memories of soft toys. (Yes, really!) Aino …

Allan Kelly Allan Kelly was an early exponent of the #NoProjects movement, one of whose key tenets is: “If you want to start a project, you’ve already failed” Allan runs workshops on fresh thinking (thought leadership) and Agile team trainings He is also an Agile coach, speaks at conferences and events and spends a great deal of time at ‘Agile on t…

In this episode I talk to John Clapham, a professional coach and Agile consultant who works predominantly with I.T and digital services organisations. John helps leaders and individuals develop, teams to build great products, and organisations learn to be more effective, productive and enjoyable to work in. He is also a frequent speaker at conferen…

This week I am talking to the CEO of ChaosIQ Russ Miles, cofounder of the open source project ChaosToolkit. Russ is also an international speaker, trainer and author. Russ has just released his latest book title Learning Chaos Engineering: Discovering and Overcoming System Weaknesses Through Experimentation. If you’ve ever experienced an issue with…

Billy Bragg's music is heavily centred on bringing about change and involving the younger generation in activist causes. He is known to have said: “I don’t mind being being labelled as a political songwriter. The thing that troubles me is being dismissed as a political songwriter.” “Phil Collins might write a song about the homeless but if he doesn…

Sue Dopson is the Rhodes Trust Professor of Organisational Behaviour, Fellow of Green Templeton College and Deputy Dean of Saïd Business School at The University of Oxford. Her research centres on leadership and transformational change in the public and healthcare sectors. Her work has informed and influenced government bodies such as the departmen…

The risk of cyber attack is on the increase and becoming ever more complicated. So how do you defend against that risk when in fact it's so complicated that it's almost impossible for anybody to understand the threat landscape. In this episode I'll be talking to Martin Clements. Martin moved to the private sector in 2016 after a long career focused…

In this episode I'll be talking to John Williams, founder of The Ideas Lab London. John began his career in creative technology as a developer on pioneering special effects software, including on-site work at Disney Feature Animation at Los Angeles and broadcast automation. He became Digital Media CTO at a European startup incubator before moving t…

My name is Toby Corballis and I’m going to be your host on this journey through some fascinating problems being worked on and thought about by some extremely clever people. But first, why the term wicked? Well, it’s not meant in the Ali-G sense, nor in the Wizard of Oz sense. Here, the term Wicked is referring to the elusiveness of solutions. This …

Tone at the top is very important for risk culture development. Executives and Board members play a vital role in driving the risk management agenda. Nowadays many executives and Board members have a basic understanding of risk management. Auditors, risk management professional associations and regulators have been quite influential in shaping the …

New hires come from a variety of education and experience backgrounds and most importantly, each new employee has their own perception of what is an acceptable risk. It is important for risk managers to cooperate with the Human Resources department or any other business unit responsible for training, to jointly carry out training on the basics of r…

Provide additional risk management training to the in-house risk management team and business units responsible for internal control, audit, finance, strategy and others. Risk managers may conduct it personally or outsource to third party providers. In-depth risk management training should include (this example is based on the actual risk managemen…

An active network of “risk champions” is a very effective way to develop strong risk management culture. This network could become the “glue” between the risk management team and the rest of the business. “Risk champions” can be of three types: Official risk coordinators - employees, whose official duties include coordination of risk management pro…

Once risk management roles and responsibilities have been documented in job descriptions and committee charters then appropriate and measurable KPIs should be developed. Just like anything else, risk management KPIs need to be integrated into the overall performance management system, better still existing KPIs should be made risk-based instead of …

Every risk manager we have interviewed explained to us that periodic risk culture evaluations help strengthen it. So, we wanted to give readers some practical ideas around it. There are multiple models which can be used to assess the current state of risk culture, including the risk culture framework developed by the Institute of Risk Management, U…

Most modern-day risk managers are familiar with developing a risk management framework or procedure documents. These documents capture risk management roles and responsibilities, outline risk management processes as well as other aspects of risk management. Risk management framework documents became so common, that nowadays they don’t require much …

Risk managers may begin the implementation of the selected risk governance model by documenting risk management roles and responsibilities. It is quite common to describe risk management roles and responsibilities in risk management policy or a framework document. This approach seems simple to implement, yet not very effective, as business units of…

The risk governance model depends on the management and shareholders’ expectations, the regulatory requirements as well as on the risk manager’s competencies and on the resources available for risk management implementation. The risk governance can be structured using the classical three lines of defence concept: The 1st line of defence - Business …

Listen to two risk managers discussing some of the most controversial and hottest topics in risk right now. See them debate, argue and comment on some of the most common risk management misconceptions.By Alex Sidorenko

A large part of risk management success depends on the support and commitment from executives, Board members and key stakeholders. It is important, as early as possible, to identify specific people at different levels within the organisation who support the concept of risk-based management and are ready to assist the risk manager: At the executive …

Risk managers should build relationships and join forces with the other managers responsible for performance improvement initiatives, like lean management, quality, safety, environment, security, internal audit or others. Risk managers should participate in relevant major performance improvement workshops (for example, kaizen sessions during lean p…

Risk managers should encourage employees to openly raise risk management related issues. This is possible by spending a considerable amount of time every day communicating with their colleagues and staying up-to-date on the latest developments and emerging risks or failures in the internal control system. Share the risk manager’s contact informatio…

Selling risk management to key stakeholders is not simple. Risk managers need to learn to be proud of their contribution to the overall success of the company. Any positive results achieved by managing certain risks to a high standard should trigger the risk manager to share this success both internally and externally. This can be done by presentin…

Most of the risk managers we have interviewed agreed that having a management level Risk Management Committee has a significant positive effect on the overall risk management culture. While the composition of the Risk Management Committee can vary from company to company, it should be sufficiently representative to ensure different points of view o…

This next step is very important to reinforce strong risk culture within the organisation. ISO31000:2018 states “Oversight bodies are often expected or required to: — ensure that risks are adequately considered when setting the organization’s objectives; — understand the principal risks facing the organization in pursuit of its objectives; — ensure…

Most organisations have already documented their appetite for different common decisions or business objectives. Segregation of duties, financing and deal limits, procurement criteria, investment criteria, zero tolerance to fraud or safety risks – are all examples of how organisations set risk appetites. Appetites or limits for different kinds of d…

It is generally considered a good idea to document an organisation’s attitude and commitment to risk management in a high-level document, such as a Risk Management Policy. The policy may describe the general attitude of the company towards risks, risk management principles, roles and responsibilities, risk management infrastructure as well as resou…

Risk managers should discuss the outcomes of risk analysis with the executive team to see whether the results are reasonable, realistic and actionable. If indeed the results of risk analysis are significant, then the executive management with the help from the risk manager may need to: Revise the assumptions used in the strategy. Consider sharing s…

In this RiskStudio episode, we interview Rob Jeges on Implementing Risk Appetite within the ISO 31000 framework. Rob covers Risk Appetite, Risk Attitude, Risk Criteria and Real-life examples of Risk Appetite Statements.By Manoj Kulwal, Chief Architect and Co-Founder at RiskSpotlight

In this RiskStudio episode, we interview Alex Sidorenko on the topic of Risk Appetite. In this rather controversial interview, Alex shares his views on the topic of Risk Appetite and its relevance to the companies outside of financial services.By Manoj Kulwal, Chief Architect and Co-Founder at RiskSpotlight