The Human Risk Podcast21 Joulu 2020

Jim Oates on how a No Surprises approach can help manage risk

When things go wrong in companies, it's usually accompanied by a sense of surprise on the part of senior management. Given we know that employing people will result in some form of Human Risk, wouldn't it be better if we could find a way to ensure there were no surprises? At least, not in areas where controls exist to mitigate the risk.

That's what my guest Jim Oates explores with me on this episode. He's spent his career working in audit in Financial Services, so he's seen plenty of examples of the aftermath of things not going according to plan. His experience as an auditor led him to adopt a strategy of "No Surprises"; working to ensure the Board of Directors of the company aren't surprised by a significant loss or damage to the firm's reputation, due to an unexpected control failure.

In our discussion, we explore some of the events that shaped Jim's career and what he learned from them. The insights he shares about human decision-making and how audit can help to mitigate the risks it poses are fascinating and very timely.

Jim also played an important part in furthering my thinking about Human Risk. He was my boss at UBS when I evolved the idea of "Bringing Behavioural Science to Compliance" and supported me in pursuing the idea. As one of of the early sponsors of the ideas behind it, it's very fitting to have him as a guest on the podcast.

To find out more about Jim and his work, visit his website: https://www.eventumrisk.com/

During our discussion, Jim refers to:

- CDOs: https://www.thebalance.com/cdos-collateralized-debt-obligations-3305822

- LIBOR: https://www.bbc.co.uk/news/business-19199683

- Kweku Adoboli: https://www.bbc.co.uk/news/uk-19660659

Tämä jakso on lisätty Podme-palveluun avoimen RSS-syötteen kautta eikä se ole Podmen omaa tuotantoa. Siksi jakso saattaa sisältää mainontaa.

Jaksot(368)

Ruth Steinholtz on Ethical Cultures

Ruth Steinholtz is the founder of AretéWork, a company that advises on how to build sustainable effective ethical cultures in organisations. She was formerly General Counsel of Borealis and has autho...

15 Joulu 201950min

Dr Roger Miles on Conduct Risk - what is it & how can we manage it?

Dr Roger Miles is an expert in Conduct. In this episode, I explore with him what that means and how he came to specialise in it. Using stories ranging from Reality TV shows, to the 1902 Hanoi Rat P...

7 Joulu 201951min

Tom & Christian's 2nd Human Risk Talk

In this episode, I'm joined again by co-host Tom Hardin. Together we explore Human Risk related stories we've come across that we think are worth diving into in more detail.You can hear Tom's story i...

28 Marras 201936min

Ricardo Pellafone on why Compliance Design isn't an oxymoron

In this episode, I speak to Ricardo Pellafone, the founder of The Broadcat, a Compliance Design Company. He describes himself as "a startup founder focused on making law accessible to non-lawyers thr...

20 Marras 201949min

Tom & Christian's Human Risk Talk

In this episode, I'm launching a new recurring feature on the podcast.In these Human Risk Talks, I'll be joined by co-host Tom Hardin and together we'll explore Human Risk related stories we've come a...

7 Marras 201931min

Tom Hardin on his experience as FBI Informant Tipper X

How does someone become an FBI informant? That's the story my guest Tom Hardin shares with me on this re-recorded episode. Tom and I originally spoke in 2019, but we thought we'd re-record the episo...

31 Loka 201952min

Professor Yuval Feldman on why we should write rules for good people not bad people

We have laws to protect us from the actions of 'bad' people. But why might writing laws for 'bad' people actually be a bad idea? That's what my guest, Professor Yuval Feldman, asks in his research an...

11 Loka 201939min