Agenda

Agenda

Day one - Wednesday 20 November 2019

8:30

Registration and Refreshments

9:00

Governing, creating and implementing an op risk framework 

  • What is operational risk? 
    • What is operational risk? 
    • Operational vs non-financial vs enterprise risk 
  • Why does it matter: drivers of risk management 
  • Designing operational risk frameworks 
    • Main elements of operational risk management 
    • Common risk language 
  • An integrated approach to operational risk 
    • 3LoD roles and responsibilities 
    • What does effective operational risk management look like
  • Challenges and opportunities for operational risk frameworks: a multi-year journey 

Speaker: Freyan Panthaki, head of risk and control for non-financial risk management framework, Deutsche Bank 

10:30

Morning Break

10:45

RCSAs 

  • Risk and Control Self-Assessments - the concept and the question it raises
  • Various approaches to conducting RCSAs - process, strategic 
  • Integrating operational risk with business strategy 
  • Risks: impact and likelihood, inherent and residual
  • Control types and control assessment 
  • Group study: identifying and rating 'top risks'
  • Measures of success 
  • Roles and responsibilities: 1st and 2nd line 

Speaker: Elena Pykhova, director, The Op Risk Company

12:00

Lunch

1:00

KRI deep dive

  • The characteristics of 'good' key risk indicators 
  • Useful or useless? Designing KRIs that truly help in decision-making 
  • Exercise: practicing in defining KRIs and setting the thresholds 
  • KRI governance and reporting 
  • Roles and responsibilities: 1st and 2nd line

Speaker: Elena Pykhova, director, The Op Risk Company

2:30

Afternoon break

3:00

Risk Appetite 

  • Different views - is there return-on-investment from taking operational risk? 
  • Expressing operational risk appetite using essential OR tools
  • Structuring a statement that adds value to the organisation 
  • Group study: evaluation of appetite statements expressed by peer banks 
  • Exercise: practicing in developing a risk appetite statement 
  • Roles and responsibilities: 1st and 2nd line 

Speaker: Elena Pykhova, director, The Op Risk Company

4:30

End of Day One

Day two - Thursday 21 November 2019

8:30

Morning Refreshments

9:00

Incident management 

  • Interactive session covering the why/what/how and impact 

Speaker: Carolin Schönherr, CFA, operational risk manager, Capula Investment Management LLP 

10:30

Morning Break

10:45

Risk Culture

  • What does a good risk culture look like?
  • Creating a risk culture framework
  • Understanding internal and external factors affecting risk cultures
  • Managing risk cultures: effective tools
  • Assessing risk culture
  • Risk culture change with an integrated approach

Speaker: Nicolas Renard, managing director, Chapelle Consulting Belgium 

12:00

Lunch

1:00

Regulatory context  

  • Regulation and operational risk – how we got here
  • Key areas of regulatory focus and expectations including:
    • Conduct
    • Operational resilience
    • Vendor management
    • Cyber
    • Organisational change
  • Regulation – the future

Speaker: Sean Titley, senior risk consultant, Cambridge and Counties Bank, and member of the operational risk advisory committee, Institute of Operational Risk/IRM

2:30

End of Course