I worked about six shifts at a Burger King in a shopping mall when I was in my teens. I quit because I didn’t care much for wearing the brown pants and hairnet. On my final night, the closing shift, I helped the veterans take the trash out. When we got to the Dumpster my [...]
Posts Tagged ‘risk management’
They will always find a way to screw you
Posted in ERM Basics, Frameworks, Humour, Office and culture, Risk management, tagged Andrew Hill, AS/NZS 4360, COSO ERM, ERM, FT, Globe and Mail, ISO 31000, Maureen Miskovic, Oswald Grübel, risk culture, risk management, UBS on September 20, 2011 | Leave a Comment »
CEO Oswald Gruebel reacts to UBS fraud [humour]
Posted in Humour, Risk management, tagged Adoboli, delta, derivatives, fraud, Ghana, Maureen Miskovic, Oswald Grübel, risk management, rogue, Suisse, Swiss, Swiss bank, Switzerland, trader, UBS on September 17, 2011 | Leave a Comment »
Here is a reenactment of how UBS CEO Oswald Gruebel reacted when he learned about the $2 billion fraud. (That is Colin Firth portraying Gruebel on the left.) http://www.youtube.com/watch%3Fv%3DxJvGE7Vvd4M
Risk management is neither the cause nor the solution to UBS’s problems
Posted in My Opinions, Risk management, tagged Adoboli, Amanda Lang, CBC, delta, derivatives, fraud, Ghana, Maureen Miskovic, Oswald Grübel, risk management, rogue, Suisse, Swiss, Swiss bank, Switzerland, trader, UBS on September 16, 2011 | 2 Comments »
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.) Despite all the systems, oversight, controls, compliance, supervision and some other sixth thing, you can’t [...]
Reading the fine print risk management
Posted in My Opinions, Risk management, tagged conditions, fine print, risk management, terms on August 18, 2011 | Leave a Comment »
Terms and conditions. Terms of use. Cardholder agreement. Just like Satan, the fine print has many names. The Guardian reported in May 2011 that only “7% of people actually read the full terms when buying a product or service online, while a fifth say they have suffered from not doing so.” The article describes how [...]
Voldemort vs Anybody is the Trend
Posted in Humour, Risk management, Thought Leadership, tagged birth photo, Fox, risk management, Rupert Murdoch, Taleb, uncanny coincidence, vancouver sun, Voldermort on July 19, 2011 | Leave a Comment »
Riskczar would like to thank the Vancouver Sun for comparing Rupert Murdoch to Voldermort in today’s article a few days after I blogged a similar comparison about Nassim Taleb and Voldemort. Even including a separated-at-birth photo is an uncanny coincidence. Have a look.
Voldemort vs Taleb Deathmatch
Posted in Books, Humour, My Opinions, Risk management, tagged Black Swan, death, risk management, Taleb, Voldermort on July 15, 2011 | 3 Comments »
With all the hype surrounding the final Harry Potter movie, I thought I would compare Voldemort to Nassim Taleb, financial guru and author of the book “The Black Swan”, to see who is greater. (Plus I thought it might be funny.) (Removed a really good photo of Voldemort and Taleb) Place of Birth Taleb: Amioun, Lebanon (winner) Voldemort: [...]
Lord Voldemort: Risk Manager of the Year
Posted in Books, ERM Basics, Humour, tagged death, ERM, Harry Potter, Horcrux, mitigate, Neville Longbottom, reputation risk, risk, risk management, risk treatment, Voldermort on July 14, 2011 | 2 Comments »
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 field below. 1. When the young Voldemort (a.k.a Tom Riddle) learns that he was born [...]
Stairs risk management
Posted in Books, Risk management, tagged At Home, Bryson, risk management, stairs on July 6, 2011 | Leave a Comment »
Some interesting info on stairs to share wtih you. According to the book At Home by Bill Bryson, the second most common cause of accidental death is stairs. While stair deaths are well back of automobiles, they are far ahead of “drownings, burns, and other similarly grim misfortunes.” The author notes that so much is spent on [...]
