Agenda

Agenda

Principles of Operational Risk | Agenda

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Live virtual course | Below agenda timing is in BST.

Respective time in EST:

Start: 2pm BST | 9am EST
Break: 3pm BST | 10am EST
End: 4.15pm BST | 11.15am EST

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14:0015:00

Risk Assessments: Focus on Risks and Controls

14:00 - 15:00

  • Lessons learned: risk assessment is a key instrument during the pandemic
  • Control environment: weakened controls
  • Understanding Risks and Opportunities
  • Deep dive: Risk velocity and killer risks
  • Discussion: using risk assessments - successes and challenges

15:0015:15

Break

15:00 - 15:15

15:1516:15

Emerging Risks

15:15 - 16:15

  • Introduction to emerging operational risks
  • Guidance on how to define the horizon scanning process
  • Examples and discussion: emerging risks financial services firms should have on their radar

14:0015:00

Scenario Analysis and Operational Risk losses

14:00 - 15:00

  • Scenario Analysis: from traditional to enhanced approach
  • Impacts of COVID-19 pandemic: Operational risk losses - or not?
  • Importance of situational awareness
  • Lessons learned: increasing the effectiveness of core framework tools

15:0015:15

Break

15:00 - 15:15

15:1516:15

Key Risk Indicators

15:15 - 16:15

  • What are KRIs and why are they needed
  • KRI Useful or Useless? Attributes of good indicators
  • Role and significance of KRIs during and post-pandemic
  • Lessons learned: developing KRIs that help in decision making

14:0015:00

Operational Resilience

14:00 - 15:00

  • Integrating Risk and Resilience disciplines
  • Changing the mindset: developing Business Services Mentality
  • Role of Risk teams in leading the efforts: what are the common touch points?
  • Discussion: Operational resilience – successes and challenges

15:0015:15

Break

15:00 - 15:15

15:1516:15

Spotlight: Risk Culture, Conduct and People Risk

15:15 - 16:15

  • Risk culture as a key factor in successful risk management: culture assessment
  • Conduct risk: definition and monitoring
  • Focus on employees: the role of Risk teams in managing People risk
  • Discussion: Risk Culture, Conduct and People risk - successes and challenges

14:0015:00

Operational Risk Reporting

10:00 - 11:00

  • Common challenges: lengthy, verbose, not actionable
  • Recap of BCBS239: risk aggregation and risk reporting
  • Examining practical solutions: 3-step process for successful report writing
  • Discussion: Operational risk reporting successes and challenges

15:0015:15

Break

15:00 - 15:15

15:1516:15

Successful Risk teams: from behind-the-desk clerks to Virtual Multipliers

10:00 - 11:00

  • Traditional risk teams: roles and responsibilities
  • Overcoming the impact of Working From Home (WFH): loss of informal interactions
  • Developing successful risk teams: key skills and capabilities
  • Lessons learned: post-pandemic Virtual Multipliers
  • Wrap-up and discussion: key take-aways - developing individual action plan