Tuesday, 6 August 2013

60 Seconds with James Bone


James Bone
With a career spanning 29 years of management, financial services, regulatory compliance and risk, along with providing risk/compliance professionals a platform to share stories, success and effective risk practices via the GRCBlueBook.com , as well as pursuing various speaking engagements, assignments, contributions and working towards an MA at Harvard and yet STILL has time to guide, advise and share his opinions and take time to send an email of support and be open to help in anyway , I would like to introduce my very special guest …

James Bone


James has been an inspiration to me and it is a great pleasure to have him feature on RISKercize

A while back I had asked James to recommend some books to me and one which I really loved was a book called ‘Switch: How to Change Things When Change Is Hard. By Chip Heath & Dan’ this book opened me up to a lot of examples that I know will prove to be useful in the future. Again, James always has the time to speak with me which is a humble trait that no matter how busy/high up in profession you may be, you can always inspire someone in a positive way.

To connect with James via LinkedIn click here
Visit theGRCbluebook here 
Don’t forget to visit the Global compliance associate website here. 

Enjoy the interview…


What was your first job?

My first job was short-order chef for a family restaurant when I was 16 years old!

Who's influenced your career most (and why)? 

The biggest influence in my career has been my Mother’s oldest brother.  He was the first in the family to receive his Ph.D and Masters in Behavioural Science and Analytics

What inspired you to start TheGRCBlueBook.com

TheGRCBlueBook was born out of a lack of transparency in the marketplace for GRC vendor software.  Angie’s List provides insight into contractors and other services you need in your home, Yelp is a resource for restaurants, Edmunds.com makes you a more informed buyer of cars.

TheGRCBlueBook’s mission is to help risk, audit, and compliance professional become more informed buyers of GRC tools to manage risk.

What does Risk Culture look like?

My risk advisory practice is one of the first to incorporate a cognitive risk framework into enterprise risk management therefore I think about risk culture a lot.   First, I’d like to re frame the question.  Risk Culture is about organizational behaviour.  

Organizations with mature risk culture have well defined approaches in place to take informed risks.  These firms understand that audit, risk and compliance play a key role in shaping the organization’s view of risk.  However, an organization’s risk culture is shaped by the behaviour of the leaders of the firm.  
Regardless of whether a firm is a big risk taker or a conservative risk taker organizations should take measured risks that they understand with limits to prevent financial failure.

What's the best piece of advice you could give someone? 

Be true to yourself and others and find what makes you happy in life, work, and in relationships

What's your all time favourite book (and why)? 

Thinking, Fast and Slow by Dan Kahneman (he autographed my copy) – the science of decision-making and risk management is as old as mankind however Dan Kahneman, Herbert Simon, Frank Knight, Adam Smith and even Aristotle have debated this subject for a millennia. 

Today’s risk professional does not understand the foundation upon which risk management has evolved.  Dan’s book changed my life and has motivated me to research the history of risk management and decision science and my own research is now becoming the basis for what I call Cognitive Risk Management.  It is a fascinating field to explore! 

What's your favourite quote or motto? 

I was like a boy playing on the sea-shore, and diverting myself now and then finding a smoother pebble or a prettier shell than ordinary, whilst the great ocean of truth lay all undiscovered before me. -Isaac Newton


 I think exploring the history of RM is a must for a future blog. So keep posted dear readers.  Thank you very much James.  It has been a pleasure.  RISKercizing until next time…