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