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THE KATA OF RISK Paula A. Bell Consulting, LLC (CBAP )
THE KATA OF RISK
Paula A. Bell Consulting, LLC (CBAP)
Objectives
The Framework
The Foundation
The Kata - Risk Analysis
The Results - Communication
Objectives
The Framework
The Foundation
The Kata - Risk Analysis
The Results - Communication
PRINCIPLES
Core Principles Dojo Kun Tenets
Structural Integrity (SI) Strive for a good moral character Courtesy
Coring Keep an honest and sincere way Integrity
Observe, plan & Execute (OPE)
Cultivate perseverance or a will for striving Perseverance
Efficiency & Proficiency (E&P)
Develop a respective attitude Self-Control
Weight Lead (WL)Restrain my physical
abilities through spiritual attainment
Indomitable Spirit
FRAMEWORK
The Foundation
The Tenets The Mindset
Technique = the way of carrying out an activity
The Techniques (base learning)
•Martial Arts • Stances • Covers • Strikes • Kicks • Pressure Points • Understand environment
• Business Analysis • Enterprise Analysis • Requirements Planning • Elicitation • Requirements Documentation • Requirements Analysis • Solution Validation
Skill = the ability to do something well
The Skills (the application)
•Martial Arts • Katas • 2 person drills
•Business Analysis • Communication • Relationship Building • Collaboration • Teamwork • Influencing • Negotiation
Transformation = a thorough or dramatic change
The Transformation (going from “good” to
“phenomenal”)
• Martial Arts • Belt ranking • Successful self protection • Teaching
• Business Analysis • Career Development • Starting Your Career • Maintaining Your Career • Advancing Your Career • Certifications • Industry Standards Knowledge
• Business Transformation • Change • Leadership • Value of the BA • Supporting the BA • Tools and Resources
Objectives
The Framework
The Foundation
The Kata - Risk Analysis
The Results - Communication
Let’s Get Moving
Proper FistHorse Stance
Structural Integrity
Definitions
Compliance - the action of fact of complying with a wish or command.
Risk - a situation involving exposure to danger.
Controls - a means of limiting or regulating something.
Structural Integrity
What is Compliance Risk
Compliance risk is the threat posed to a company’s earnings or capital as a result of violation of nonconformance with laws, regulations, or prescribed practices.
Structural Integrity
Types of Compliance & RisksStructural Integrity
Regulatory ComplianceCompliance RiskOperational RiskFinancial RiskCredit RiskStrategic RiskReputational RiskLiquidity Risk
Governing Bodies
Examples
OCC
CFPB
FCC
EPA
NLRB
OSHA
EEOC
A regulatory agency (also regulatory authority, regulatory body or regulator) is a public authority or government agency responsible for exercising autonomous authority over some area of human activity in a regulatory or supervisory capacity
OPE
The ImportanceEfficiency & Proficiency
Reduced Legal ProblemsImproved OperationsBetter Public RelationsHigher Employee Retention
Fundamental Understanding of the Business
STARTGain
Understanding of Current State
Costs
Locate Redundancies
Identify Gaps & Unnecessary complexities
STOP
Efficiency and Proficiency & Tenets
Objectives
The Framework
The Foundation
The Kata - Risk Analysis
The Results - Communication
KATADefinition - a Japanese word for a detailed choreographed pattern of movements practices either solo or in pairs.
Levels of Kata
Basic
Intermediate
Advanced
Let’s Get Moving
Let’s Try a Portion of One
Some Basics First:1. Kiyon Shodan Mi Kata
KATA
Basic Structural Integrity
Your Role
Understand your industry
Understand all the key players
Understand the major compliance risk
Asking the right questions
Structural IntegrityBasic
Assess Risks Process Flow Diagram
START
Identify Risks
Develop Assessment
CriteriaAssess Risks Assess Risk
InteractionsPrioritize
RisksRespond to
Risks
STOP
OPEBasic
Risk Analysis Example
You’ve been tasked to review a process in your organization that management is concerned has risk. Management is not sure of all the risks that are in the process but would like for you to review the process map and identify the risks in the process to start. You’ve been asked to:
1.Identify the risk2.Write a risk description for each risk3.Categorize the risk4.Create proposed risk assessment criteria
Management expects this information back in a week.
Process
Tools & Techniques
Risk Identification Tools
OPE & TenetsBasic Intermediate Advanced
Root CauseSWOTFMEA
Tools & TechniquesRisk Analysis Tools
OPE & Tenets
Risk Categorization
Tools & TechniquesQuantitative Risk Analysis
OPE & TenetsIntermediate Advanced
Interviews
Modeling
Cost Risk Analysis
Objectives
The Framework
The Foundation
The Kata - Risk Analysis
The Results - Communication
Tools & Techniques
Risk reassessment
Risk Audits
Variance and Trend Analysis
Technical Performance Measurement
Reserve Analysis
Status Meetings
Risk Response Planning
Tenets
The Framework
The Foundation
The Kata - Risk Analysis
Objectives
The Results - Communication
Presentation Offering
• Risk Analysis Template
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Contact InformationPaula A. Bell Consulting, LLC
BA Coach/Mentor/Speaker/AuthorBusiness Analyst Certified, CBAP & B2T
Email: [email protected]: www.paulaabell.com
Blog: www.PaulaBellTheBA.blogspot.comTwitter: BAMartialArtist
LinkedIn & Facebook: Paula A Bell Coach/Consultant/Speaker/Author/Doc Prep
