Risk 101
The possibility that an event will occur and adversely affect the achievement of objectives. Risks are measured for inherent severity, mitigated by controls, and the residual risk is mitigated or accepted.
A risk
These associates are considered "boomerangs" (Name them)
Katrina & Jessica
What did the beach say to the ocean?
Nothing...it just waved
Number of VP+ in Channels
6 - Raegan. Brandee, Ed, Jeanel, Sara, Odi
The top selling beauty brand is owned by this celebrity
Selena Gomez - Rare Beauty; Kylie is a close 2nd
Assists in determining risk capacity, risk appetite, and the strategies, policies and structures for managing risks
‘Second Line of Defense’ includes Capital One’s risk management and business support functions. The second line of defense provides oversight of first line risk taking and management. The second line also assists in determining risk capacity, risk appetite, and the strategies, policies and structures for managing risks. The second line is both an ‘expert advisor’ and ‘effective challenger’ to the first line.
Our team is affectionately known as Risky Business...why? Because (finish the statement)
Risk is OUR business
What do you call a factory that makes okay products?
A satisfactory
Number of L2s in Channels
10
Richest person in America
Elon Musk
Supporting Processes - This level defines a collection of granular activities that exists only within its business sub-process and shows the roles, inputs, outputs and steps required to complete activities within an operational area.
L3 Process
The year the Channels Well Managed team was formed
2019
How does the moon cut his hair
Eclipse it
The name of the program in place to migrate away from Tsys and building a modern, secure, resilient and flexible lending platform
Orion
Most award winning performer
Beyonce
determined based on the inherent risk and the control suite effectiveness rating
Residual Risk
As depicted in the risk assessment process, residual risk is systematically calculated by reducing the inherent risk rating by the control suite effectiveness rating
Residual risk will help risk owners determine the appropriate response for a risk (Accept vs. Mitigate) and also if a risk crosses the materiality threshold (Critical Rating)
Severity + Likelihood = Inherent Risk - Control Effectiveness = Residual Risk
At the end of 2023, the team's combined years of service (within 10 years wins)
173 years
When does a joke become a dad joke?
When it becomes a parent (apparent)
Number of manual processes documented in the SOR (not you Jodi)
2,621. over 900 in Spec Ops
Name at least 3 C1 spokespeople
Taylor Swift, Samuel L Jackson, Charles Barkley, John Travolta, Spike Lee, Jennifer Garner, Willie Nelson, Jim Nantz, Jimmy Fallon, Alec Baldwin
a structured classification methodology that provides a common risk language for Risks, Causes, and Impacts.
Taxonomy
Risk – indicates what is the risk and how it aligns with the 7 risk categories
Causal – indicates the driver(s) or cause(s) of risk; People, Process, Systems, External Factors
Impact – indicates the impact of the risk which would align with the severity category; Net income Before Tax (NIBT), Balance Sheet, Customer, Reputational, Compliance
percentage of the team born in the 2nd half of the calendar year (within 10% wins)
62% 8 of 13 (5 in August)
Why didn't the skeleton climb the mountain?
It didn't have the guts
Name at least one of the Shield Initiatives
Strong, Stable Operations that Take Care of Customers
Strategically Use Data & Tech to Drive Process Improvement
Enable an Engaged & Motivated Culture
Optimize Our Processes with Well Managed Foundations
Transform Connections Across Card to Reduce Risk & Waste
North, Saint, Chicago, Psalm, Mason, Penelope, Reign, Baby Barker, Dream, True, Tatum, Aire, Stormi