About this
Workshop
The effective management of operational risks is a vital component of any financial services firm’s business strategy. Effective management of operational risks will encourage more informed risk-taking and help to enhance and retain stakeholder trust.
This pre-recorded workshop will provide insights into the best current practice in operational risk management and actionable takeaways to implement within your own organisation.
Learning Outcomes:
Risk Quantification Techniques | Insurance & Banking
- Establish and define risk appetite and risk rating
- Establishing risk champions across the 3 lines of defence
- Risk Reporting
- Framework tools
Who should attend:
This workshop has been developed for the following organisations:
- Banking, Insurance underwriters, Insurance brokers, Asset Management and other FCA/PRA regulated institutions.
This workshop has been developed for the following individuals:
- Senior Management
- Financial Officers
- Risk Officers and Analysts
- Internal Auditors
- Operational Risk & Compliance Consultants, Advisers and Managers
- Risk or Control Champions and owners
- Any other staff with roles and responsibilities that incorporate operational risk management in the 1st or 2nd lines of defence.
Benefits of watching the workshop:
- Learn about the most effective strategies for managing operational risk
- Understand specific risks in financial institutions and their impact on operational efficiency
- Explore operational risk in the context of regulatory change
- Assess the risk culture and appetite and understand how they are critical in supporting the formation of strategy and in supporting decision making
- Place operational risk within broader enterprise risk management and corporate governance structures
- Gain the tools to implement operational risk management in practice
- Explore case studies and practical examples including current best practices and standards
Course Information
- Location: Pre-recorded
- Led By: Joe Hannah
- Type:
Workshop
Course Instructor:
Joe Hannah
Joe started his consultancy career with Andersen during the development of Enterprise Risk Management. This was followed by a number of roles within industry which all involved a high level of business transformation and regulatory change. Joe has held Group Head of Technology and Change Risk, Head of Risk and Risk Director level roles for a variety of FTSE100 and FTSE250 firms in General Insurance, Asset Management and Life & Pensions sectors.
Representative Engagements
- Designed and implemented a new Target Operating Model for a Global Insurance Group
- Preparation and completion of Risk Mitigation Plans for major insurance clients in response to FCA Cyber risk model reviews
- Set up the control functions for a new Asset Management business
- Provided Board governance and effectiveness training to UK Banks and Insurers
- Conducted the design and build of risk management frameworks within insurers, banks and assets management businesses
- Programme Director on a strategic change initiative for an FTSE 100 business, securing FCA regulatory approval significantly within normal permissions timescales
- Oversaw regulatory change initiatives under GDPR and IFRS17
