Fourth Annual Risk Conference 2026
What it is about
Andrés Felipe Manrique, Vice President of Risk LATAM at Skandia Colombia, presented at the Fourth Annual Risk Conference (September 17, 2026) how to integrate strategic risk management into senior management decision making.
The 25 slides define strategic risk and distinguish it from market, credit and operational risk; review seven event typologies with the Colombian environment of 2026; describe the comprehensive management framework with three lines of defense and eight principles; and explain identification with an annual survey of senior management and a matrix of impact, probability and velocity. They include four cases (pension reform, cyberattacks, Silicon Valley Bank and Credit Suisse), the zone-based appetite system, key risk indicators, a three-phase roadmap and ten principles.
Objectives
- Define strategic risk and explain why it is managed with a qualitative, long-term approach.
- Design the process of identification, measurement, appetite and early warning indicators.
- Integrate strategic risk into planning, new initiatives and compensation.
Key takeaways
- Strategic risk arises from misjudging threats when formulating strategy or from the inability to adapt to changes in the environment; its horizon is medium to long term and its owner is senior management.
- The annual survey rates each factor by impact, probability and velocity; high and very high factors trigger indicators and action plans.
- Appetite is organized into three zones, appetite, tolerance and capacity, with defined actions for each, from quarterly monitoring to escalation to the board.
- Silicon Valley Bank held 55% of its assets in long-term bonds without hedging and was taken over within two days; Credit Suisse accumulated a decade of scandals and recorded outflows of CHF 111,000 million in one quarter.
- Real integration happens when appetite is part of planning, compensation is aligned with risk and the framework is reviewed as a living document.
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