Ep. 53: Alex Sidorenko - Making Great Decisions "With Risks in Mind"

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When I started the All Things Risk podcast, I very deliberately stayed away from discussing the risk management profession (which is also my day-to-day profession). This is because I wanted the show to make risk and uncertainty concepts available to everyone. I didn’t want to make a podcast by risk professionals, for risk professionals. Risk isn’t something to be the sole domain of a small group of people with their own jargon and technical language. Risk is all around each and every one of us. As my signature sign-off goes, “risk is life”.

Having said that, there is huge value in discussing the professional practice of risk management – both in terms of understanding some of the ways in which risk people think, as well as observing some of the pitfalls of the profession. This is a discussion that has relevance in our lives and our societies. However, it requires the right risk professional to have it.

This is why my guest on this episode is Alex Sidorenko. Alex is the founder and CEO of The Risk Academy. He is a Russian-born Australian who currently lives in Spain. Alex is an extraordinary guy who, as any excellent risk professional does, thinks and acts counter-intuitively. His insights on how to think about risk and where the risk profession needs to go are profound and have parallels in many other domains.

Our conversation is wide-ranging and I am sure you will enjoy it. We cover:

  • Alex’s background, including moving back to Russia from Australia and applying risk management within the Russian context (and getting some great feedback);
  • Decision-making in large and small organisations;
  • Cognitive biases and how to overcome them;
  • Where the risk profession needs to go – and parallels with other fields;
  • Managing risk in our personal lives

Show notes:

The Risk Academy: https://www.risk-academy.ru/en/

Alex on Twitter

Alex on Linkedin

On YouTube

Article: “Why are People So Afraid of Sharks?”

Thinking Fast, Thinking Slow

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