The Extreme Risk Podcast Risk Guide

The Extreme Risk Podcast - The Case for a Government Chief Risk Officer, Risk Oversight and Governance.
Risk Guide is delighted to continue the very first series of our Extreme Risk Podcast in collaboration with Runderc.
In this special episode, Alexander Larsen speaks to Mykhailo Rushkovskyi about the need for more Risk Governance at a governmental level in the form of for example a Government Chief Risk Officer which will bring accountability and visibility to how societal and country risk is managed and how risks are considered in decision making. 
For further information about Mykhailo and his career, you can find the Risk Managers Getting Coffee series on: https://youtube.com/riskguide

Episode Content:

1.00 - Risk Management at Government Level
3.00 - Resilience & Risk-Based Transition Plans
4.20 - The Gold Standard - Pakistan Case Study - Risk Leadership & Culture
7.00 - What is the Role of Risk Management at Government Level
10.00 - Where is Resilience? (Banking, Natural Disasters, Government Budgets)
11.26 - Risk-Based Strategy & Resilience - Norway Case Study - The Norwegian Oil Fund

The Extreme Risk Podcast - How the Russia-Ukraine war could cause a global ripple effect on countries, societies, individuals and organisations.
Risk Guide is delighted to continue the very first series of our Extreme Risk Podcast in collaboration with Runderc.
In this episode, Alexander Larsen speaks to Mykhailo Rushkovskyi about the potential ripple effects of the war. Looking at what industries are being impacted and what regions could face major risks (from Europe's energy crisis to an expanding war, through to the Middle East struggling with increased grain and wheat production and potentially facing social unrest).

There is mention of a book for children in this episode (which was incorrectly referred to as Mother Goose - A Jethro Tull song) called Mr Goose which can be found at: https://www.mrgooseonline.com/


For further information about Mykhailo and his career, you can find the Risk Managers Getting Coffee series on: https://youtube.com/riskguide

Episode Content:

01:00 - What is the Ripple Effect?
02:56 - What scenarios are you considering from a Ukrainian perspective?
05:45 - Reviewing our strategic plans during times of potential uncertainty
07:00 - The various timescales for the end of the war
10:30 - Regions of the world and how they might be impacted by the war
19:20 - The Insurance Role
26:00 - The Risk Appetite
27.45 - Industries Risk and Opportunities from the war
33.20 - Global Economic impact of the war
35:25 - The impact on Society
38:55 - The Individual Responsibility and learning resilience at School
43.00 - Season Wrap Up
44.00 - Long Term Transition and Resilience - The Norwegian Case - Electric Vehicles

Series Description: The world is constantly changing and in an interconnected world we are more exposed to risk than ever. Businesses and countries alike need to understand these risks and prepare for them. Its important to know that risks also impact people and society and as such personal resilience is just as important as organizational resilience. 
As part of the podcast, professional risk managers will share their experience in building such resilience, being in the middle of extreme situations.
The Russia-Ukraine War Episodes: focuses on risk management during the biggest military conflict in Europe since World War II. The head of risk management function of the largest private energy holding in Ukraine will share the experience of risk management during the Russia-Ukraine war, adaptability to work in war conditions and the importance of real adherence to ESG.
In this episode, Alexander Larsen speaks to Mykhailo Rushkovskyi about the new reality of living and working in a state of war. How did people and organisations adapt? what is the importance of being agile and resilient and what opportunities exist in such a reality? Mykhailo uses some great examples of industries that have been created, the importance of values and mission (and living up to them) and the balance between Risk and Reward.

For further information about Mykhailo and his career, you can find the Risk Managers Getting Coffee series on: https://youtube.com/riskguide

01:45 - How long did Mykhailo expect the war to take?
03:35 - Where did these timelines come from?
06:50 - The importance of considering the other side and culture
09:10 - How do organisations live up to Vision, Mission and Values
13:30 - What is Reputation, and the risks around it?
14:55 - How long has the New Reality existed?
19:50 - A Global Cyber Crisis and Resilience
22:10 - When did people realise there was a new reality? Risk Appetite of the people coming back to Kyiv
23:40 - Risk Appetite - Would you Jump out of an airplane? 
26:39 - Risk and Reward - Quantitative Risk Analysis and Risk Management's role in decision making
29:30 - Risk Culture, taking risk  and Appetite (the Warren Buffet example)
30:45 - How are people and businesses adapting on the ground?
33:50 - Risk-Based Strategies
35:10 - Types of businesses in the War scenario
37:35 - IT Industry
39:15 - Banking Industry - how did they avoid disruption and stabilise the economy?

Series Description: The world is constantly changing and in an interconnected world we are more exposed to risk than ever. Businesses and countries alike need to understand these risks and prepare for them. Its important to know that risks also impact people and society and as such personal resilience is just as important as organizational resilience. 
As part of the podcast, professional risk managers will share their experience in building such resilience, being in the middle of extreme situations.
The Russia-Ukraine War Episodes: focuses on risk management during the biggest military conflict in Europe since World War II. The head of risk management function of the largest private energy holding in Ukraine will share the experience of risk management during the Russia-Ukraine war, adaptability to work in war conditions and the importance of real adherence to ESG.
In this episode, Alexander Larsen speaks to Mykhailo Rushkovskyi who is based in Kyiv about the invasion itself. Mykhailo shares his experience of evacuating Kyiv, what considerations were needed, what plans he had in place (including routes and petrol stations) and how businesses focused on recovery.

For further information about Mykhailo and his career, you can find the Risk Managers Getting Coffee series on: https://youtube.com/riskguide

02:00 - How the invasion started and what were the immediate actions?
04:50 - What are the emotions when something like this happens?
09:04 - What did Mykhailo do when the invasion happened? How did he evacuate?
12:00 - What research and preparation did Mykhailo need in order to prepare?
15:00 - How long did it take to get to safety and to get back to work (and what did that look like?)
22:00 - Mykhailo discusses communications, platforms for communications and rules.
25:00 - How did businesses prepare and what did they expect of staff? What does good plans vs bad plans look like?
31:30 - Importance of Early Warning Signals / Key Risk Indicators in order to focus evacuation
32:38 - Importance of clarity for staff and empowering staff, ensuring they know their roles.
35:15 - What were the key learnings? what would you focus on next time?
39:40 - The importance of testing plans!
41:00 - What did organisations need to focus on from a recovery point of view?

The Extreme Risk Podcast is a new podcast that focuses on Crisis and people working under extreme circumstances. The podcast seeks to learn from the few Risk Masters who have experienced extreme events and share it with as many people as possible.

From the Russia-Ukraine war to climbing the most dangerous mountains in the world, our guests will share what preparation is needed, what kind of risk assessments and plan B are required and how to constantly monitor any changes in circumstances that could indicate extreme danger.

Series Description: The world is constantly changing and in an interconnected world we are more exposed to risk than ever. Businesses and countries alike need to understand these risks and prepare for them. Its important to know that risks also impact people and society and as such personal resilience is just as important as organizational resilience. 
As part of the podcast, professional risk managers will share their experience in building such resilience, being in the middle of extreme situations.
The Russia-Ukraine War Episodes: focuses on risk management during the biggest military conflict in Europe since World War II. The head of risk management function of the largest private energy holding in Ukraine will share the experience of risk management during the Russia-Ukraine war, adaptability to work in war conditions and the importance of real adherence to ESG.

In this episode, Alexander Larsen speaks to Mykhailo Rushkovskyi who is based in Kyiv and was there in the lead up to, as well as during the war. Mykhailo shares his experience of how organisations and people considered their options and various scenarios in order to prepare for the worst. 

The episode covers War Risk Assessment, Resilience, Business Continuity Plans and Key Risk Indicators. 

For further information about Mykhailo and his career, you can find the Risk Managers Getting Coffee series on: https://youtube.com/riskguide

00:30 - Introduction to Mykhailo
03:48 - How was Mykhailo's organisation and the people preparing for a potential war?
09:24 - Why were individuals in Ukraine so well prepared compared to businesses?
11:06 - What was the preparedness of Businesses in Ukraine?
13:52 - How did you assess the war risk?
19:18 - Insurance pricing (Before the war and leading up to the war)
25:52 - Resilience vs Efficiency
32:32 - How detailed should scenarios be?
36:03 - Where does intelligence come from in order to analyse the risk?
39:52 - What learnings came from this?