Agenda 2020

Agenda

Essentials of Operational Risk | Agenda

08:3009:00

Registration & refreshments

08:30 - 09:00

09:0009:30

2020 new and emerging risks- Overview

09:00 - 09:30

09:3010:30

Tackling emerging operational risk

09:30 - 10:30

  • The main categories
  • Internal and external drivers
  • Methods to identify emerging risk
  • Risk mitigating techniques
  • Regulatory guideline
  • Case study
     

10:3011:00

Morning networking break

10:30 - 11:00

11:0012:00

Conduct and Culture Risk

11:00 - 12:00

  • Create the right Conduct Risk Framework and Risk Culture
  • MIC Regime
  • Three Pillars of Sound Bank Culture HKMA
  • Instilling a good corporate governance
  • Foster good culture and prudent risk-taking behavior
  • Inherent and external risk assessment
  • Hiring control
     

12:0013:00

Third Party & Vendor Risk Management

12:00 - 13:00

  • Third party risk management cycle
  • Conduct due diligence on vendors
  • Vendor Fraud: Identifying red flags
  • What is the difference between internal and external outsourcing
  • Risk Assessment, Effective Controls, Best Practices
  • Regulatory requirements
     

13:0014:00

Lunch

13:00 - 14:00

14:0015:00

Reputational and Strategic Risk Management

14:00 - 15:00

  • Definition and types
  • Set up the right governance framework
  • Monitoring tools
  • Implication on new product development
  • Implication on new client/deals on boarding
  • Conduct due diligence on clients
  • External lesson learnt
  • Regulatory guideline
     

15:0016:00

How to conduct operational risk stress testing

15:00 - 16:00

  • Value and use of Operational Risk Stress Testing
  • Selection of the scenarios
  • How to know the unknown: Black Swan and Grey Rhino
  • How to overcome key challenges
  • Calculating baseline loses
  • Benchmarking with the industry
  • Case Study
  • Regulatory guideline
     

16:0016:30

Afternoon networking break

16:00 - 16:30

16:3017:30

The geopolitical risks in 2020

16:30 - 17:30

  • The current concerns
  • Definition of geopolitical risks
  • Impact on business
  • Assessment and quantification
  • Risk mitigating techniques
  • Regulatory guideline
  • Case study
     

17:3017:30

End of Day 1

17:30 - 17:31

08:3009:00

Registration & refreshments

08:30 - 09:00

09:0009:30

3 Lines of Defence

09:00 - 09:30

  • Evolution of 1, 1.5 and 2nd line of defence
  • Common fallback and failure
  • Best practice in 3 lines of defence and Regulatory expectation
  • How to demonstrate effective questioning and challenging the 1st Line
  • What is the right organization model and scope of work of 2nd line
  • How to measure the performance
  • How to practice proactive risk management

09:3010:30

Evolution of climate risks

09:30 - 10:30

  • Definition of climate risk
  • How climate risk affect new and current business
  • Regulatory roadmap
  • How this is related to operational risk
  • Company disclosure
  • Next action
     

10:3011:00

Morning networking break

10:30 - 11:00

11:0012:00

Operational Resilience in IT

11:00 - 12:00

  • Cyber and IT Risk Framework
  • Regulatory requirements
  • Latest trends and threats
  • Risk in traditional banking
  • Risk in virtual banking
  • Effective risk mitigants
  • Operational Resiliency Framework
  • Key success factors
  • Roles of ORM in Cybersecurity risk and Operational Resiliency
  • Regulatory Focus
     

12:0013:00

The role of op risk in cyber security risk

12:00 - 13:00

With the advancement of technology cyber-attacks on financial institutions have been one of the most problematic issues for enterprises. Though investing on technologies can effectively prevent large numbers of cyber risk attacks, however, some incidents will escalate into significant business crises. Even with well-documented response plans, few organizations are sufficiently prepared. Because the threat landscape changes rapidly, responses cannot be perfectly scripted.

Here in this session we will simulate a real life cyber risk attack. Midway during the exercise, there will be an added challenge. This will test Operational Risk Heads and Managers in groups will be asked to actively think on their feet and come up with a plan to counter these challenges. Group leaders will present all findings on stage.

13:0014:00

Lunch

13:00 - 14:00

14:0015:00

Fraud Management

14:00 - 15:00

  • Fraud Risk Triangle 
  • Objectives e.g. response, prevention and detection
  • Fraud risk management framework
  • Design effective fraud risk management program
  • Calculating fraud risk exposure
  • Analysis of recent fraud survey
  • Case studies: trade finance/letter of credit fraud, wiring fraud, bank employee fraud, organized crime to penetrate banking systems
  • Effective training to staff
     

15:0016:00

Roundtable discussions: Bring your questions, leave with your answers!

15:00 - 16:00

From session to roundtable - Take the day's most contentious issues and fully engage with your peers in small interactive roundtable discussions to drill down, share best practice and take away diverse approaches to the same challenge from your fellow industry peers.

  • Risk Data Analytics in Fintech and Digitalization
  • Cyber and Technology Risk
  • Emerging Regulatory Focus

16:0016:30

Afternoon networking break

16:00 - 16:30

16:3017:30

The upcoming step-in risk

16:30 - 17:30

  • Basel consultation paper
  • The current market landscape
  • Impact to business
  • Risk mitigating techniques
  • Case study

17:3017:30

End of course

17:30 - 17:31