When my son was 7-years old he asked me what I did for a living. I explained that “Daddy goes to companies and helps them find where all the bad things are.” Ironically, this definition served me well when I…
Risk management oldies but goodies
The good folks at Riskviews got me thinking about my least read posts. I’ve been doing this for a few years and understand that no one wants to scroll through over 300 blog entries to find some gems from 2006.…
Risk management, Twitter and sugarless gum
I read two articles yesterday which suggested to me that 1-in-5 people in leadership positions are confused. A PwC survey revealed that only “21% of leaders understand the potential value of social media”. In another survey by Greenwich Associates and…
Riskczar Comics – Business continuity and the satellite
Riskczar Comics #2
Riskczar Comics – The CEO and the risk report
Here’s my first crack at an illustrated view of risk management in the world today. If you would like to see more of these please leave a comment at riskczar.com or @riskczar (as I probably have about 20 more ideas…
Oswald Grübel’s moment of wrongness
I just had the pleasure of watching author Kathryn Schulz’s TED video about being wrong. As I watched I couldn’t help thinking about Oswald Grübel’s “moment of wrongness”: when he learned about UBS’s $2 billion trading loss. Last November Grübel went…
There’s risk in relying on risk managers
Andrew Hill from the Financial Times writes there’s risk in relying on risk managers. He also notes that despite Carsten Kengeter’s assertion: “We will not rest until we have controls that are as watertight as possible”, we all know that…
Risk management is neither the cause nor the solution to UBS’s problems
A headline today on CBC.ca reads “UBS case latest failure of risk management”. I think I will spend the rest of the day being offended by the CBC. (All will be forgiven if Amanda Lang appears on the National tonight.)…
Lord Voldemort: Risk Manager of the Year
Lord Voldermort would make an excellent risk manager because when he identifies a risk, he assesses it and treats it immediately. Here are a few of my reasons but I welcome additional examples of his risk management in the comment…