Agenda

Agenda

Agenda

 

Day 1 - Wednesday 13 November 2019

08:30

Registration and refreshments

            

09:00

            

Governing, creating and implementing an op risk framework

  • Background – drivers of risk management, high levels of enforcement and fines?
  • Designing effective op risk governance:
    • Common risk language
    • Risk management steering committees
    • Linkage to policy framework
    • Building blocks for information security risk
    • Roles and responsibilities across the board
  • Implementing a proper 1st, 2nd and 3rd LOD
  • Non-financial risk, enterprise risk & op risk – differences and similarities
  • Challenges and opportunities for op risk frameworks
  • Building a non-financial risk organisation

10:30

Morning break

            

11:00

            

Risk appetite

  • Definitions and governance
  • How do risk appetite frameworks differ across financial services (banks, asset managers, pension funds, insurers?
  • Who should own the risk appetite? 1st or 2nd LOD?
  • Statements on risk appetite
  • How can you utilise risk appetite to drive forward business strategy and decisions?
  • Tailoring operational risk framework to risk appetite
  • Key risks and controls in relation key effectiveness testing
12:30

Lunch

            

1:30

            

KRI deep dive

  • The characteristics of a good KRI and preventative KRI’s
  • Comparisons between KPIs and KRIs and reference to corporate strategy
  • KRI design
  • Aggregation and reporting of indicators
  • How can you leverage existing business processes?
  • Maximising op risk efficiency through revamped KRI’s
  • KRI governance and reporting
  • Developing an overarching KRI – does this provide added value or a pseudo-accuracy?

3:00

Afternoon break

3:30

RCSA’s

  • What is an RCSA, what is the purpose and added-value?
  • How to obtain value from RCSA
  • Trends across geographies
  • Reporting and quantifying results
  • How do you align risk appetite with RCSA?
  • Best practice for maintaining effectiveness of RCSAs

5:00

End of day 1

Day 2 - Thursday 14 November 2019

08:30

Refreshments

09:00

Scenario analysis, op risk quantification

  • Scenario analysis as an important tool for management and measurement
  • Regulatory overview – SMA & AMA
  • Should you standardize Op Risk quantification [rather than eliminating internal modelling]?
  • Defining and assessing risk scenarios
  • Biases and challenges which can arise when using scenario analysis
10:30

Morning break

            

11:00

            

 Financial crime

  • The increasing effects ad repercussions of fraud
  • Regulator perspective
  • Utilising AI approaches to improve screening processes
12:30

Lunch

1:30

Examining the royal commission and assessing best practice for cyber risk, risk culture and remuneration

  • Problems at the heart of the misconduct
  • What is risk culture and how can you imbed it throughout your organisation?
  • Remuneration, challenges, changes and operational purpose
  • How does a strong risk culture aid operational risk management?
  • How to define, understand and measure risk culture
  • Ensuring risk culture fits into the overall organisation
  • Staying on top of conduct risk vulnerabilities

3:00

Afternoon break

3:30

 

  • Case study: cyber risk in financial services
  • The vulnerability of Australian companies
  • How has the Royal Commission impacted risk and compliance professionals?

5:00 

End of course