Risk Management In The Time of Covid 19

Risk management in a financial industry is more structured than less – which is a very good thing for the financial industry. When I entered my next job, it was mainly handling X. I got do a bit of the “Hey I did this to figure out that!” but it was not that often. I implemented those things thought up by others. The sort of thinking in risk slants towards what ifs and how do I make something that I totally don’t know about knowable. I felt I was translating risk a lot. That was when everything was norm.

When Covid 19 struck, risk management disappeared. I don’t mean I don’t need to work but that everything was clear, predictable and stable. There was no uncertainty. The government set clear and firm laws about what is to be done. The businesses set about doing it. While it is true we don’t know how the community and the economy will emerge out of this crisis but nobody is thinking about this at the moment. The front of mind is how business can be continued at the present time. Soon, there will be gradual reopening of the business community. The funny thing is that the reopening is more uncertain than the closing – with the fear of a second wave of the virus, there is a lot more uncertainty. The potential flip flop of the ministry’s stand is requires more resources than certainty.

As a means of diversification, services industry might make our GDP earnings less risky than a manufacturing or agrarian focus if there is domestic consumption of these services. As with all decisions, there is a trade off: focus on too much domestic consumption, we won’t earn as much GDP. There is also another trade off because food access a safety concern; a healthy manufacturing sector creates jobs. But I am generalising broadly – risk and impact is relative.

In a daily stand up, my boss would asked for our plans and what we have done for the day. To this end, I have discovered something call a bullet journaling. It is helpful when there are just too many things happening. It helps with recording what was completed and what will need to be done for that day.

It doesn’t really show what I have achieved for the month. I have started recording it in the monthly page. It is interesting to see that many of my jobs requires on and off tinkering.

It also doesn’t help with feeling stressed or overworked. My current boss is really a superb boss. We had a call yesterday that was a weekend wrap up. He was asking us how we felt working at home. Imagine that! And he also remembers the family and circumstances of every team member. Impressed!



3.26 蔡康永:做更好的自己




On The Compassionate Mantra

At my grandmother’s funeral, so not to frighten the guests, I read the scriptures for my grandma when it was just another cousin and I.

It was amazing. I felt happy to read it to my grandma. I felt they were joyful expressions. I wasn’t reading it out of filial piety, I felt it was fantastic to read it aloud for her to enjoy it too. Totally excellent words they are!

Simmering Dramatics

The day before my first day at work, I was in Jakarta. The last time I went away for work, Mr TCM hasn’t started his practice. The plan was to stay in Jakarta for a week. My mom was to watch the children. I came back unexpectedly in two days. The protests had made important people nervous.

My mom came over and the kids practiced getting use to her. It was great to have her around to help. It started the week before I moved to my new department. I was cramming as much as I could before I moved on. I had imagined I would cry at work. Such dramatics did not happen. I had a lovely afternoon tea and everyone wished me well. That night, at 11pm, I brought back two huge bags of personal things. On Sunday, I flew to Jakarta. Also unexpectedly, the kids did their homework with her. There was no need for threats and drama. I had prepared them and they displayed self control.

The protests did not escalate while I was there. Indonesians hardly grumbled even though they were stuck in 4 hour traffic jams. Singaporeans would have rioted over the jam. I was very far from the protests area and had moved only between the hotel and the office. I agreed with the director who headed the trip that it felt safe. I personally thought that trying to get to the airport might be riskier than staying in the hotel. Half an hour into the second day, we said our goodbyes to colleagues. I didn’t manage to take picture with the COO who was going to retire end of this year.

Going there and rushing back gave me a strange anxiety. I had some anxiety about leaving my old firm and going into a new place. The thing was, I was leaving my old firm, joining the new firm to support the oversight of a sub-section of my old firm. I was going to Jakarta, meeting familiar friends and colleagues in a different capacity. Yet in that visit, I was launched into the new universe, meeting new people who are extremely kind and friendly.

Still, I carried the anxiety back to the office. The sense of anxiety carried through the conversations I had with my old colleagues. I had been there for a long time, they were there for a month tops. They were anxious about the work. I was anxious about my new work and in that anxiety I felt that I moved a little out of step, out of beat with the rest of my new colleagues.

Over this feeling of anxiety, there was happiness. I had been with my old firm for 12 years but I never laughed so often with them. I did laugh but mainly when the bigwigs were around, telling jokes and stories. That was not often. I laughed more times in my first week than in a year. Today, my direct supervisor came back from lunch and showed us the pastel he did over lunch. It was really impressive! Art! I really like them and hoped they like me too.