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 framework

Speaker: Rhiannon Richardson, GM risk, National Australia Bank

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

Speaker: Anthony Rizzo, Senior principal, governance risk and compliance leader, enterprise risk and corporate functions, Mercer

12:30

Lunch

            

1:30

            

Controls and KRIs

  • External environment – why the focus on controls and KRIs
  • How controls and KRIs can support/reference corporate strategy
  • The characteristics/design of good controls and KRIs (and common pitfalls)
  • How to leverage existing data and processes
  • Connecting the dots to see a bigger picture
  • How controls and KRIs support culture and conduct

Speaker: Emma Murphy, Head of risk, compliance and customer marketplace, Suncorp Group

3:00

Afternoon break

3:30

RCSAs

  • 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

Speaker: Joanna Faux, head of operational risk management, Optiver Asia Pacific

5:00

End of day 1

Day 2 - Thursday 14 November 2019

08:30

Refreshments

09:00

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

  • 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
10:30

Morning break

            

11:00

            

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

  • Case study: Cyber risk in financial services
  • The vulnerability of Australian companies
  • How has the Royal Commission impacted risk and compliance professionals?
12:30

Lunch

1:30

Financial crime

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

3:00

Afternoon break

3:30

Operational resilience

  • What is operational resilience?
  • Regulatory expectations
  • How does it differ from BCP
  • Strengthening existing mitigating frameworks (e.g. BCP)
  • Third party risk management and resilience

5:00 

End of course