This essential course is packed with practical tips and hints and ends with Make A Difference discussion, where attendees share their take-aways that will make a real difference to their organization.
Learning objectives
We are returning this year with new topics and discussion themes! Back by popular demand and updated with latest industry developments, this 2-day course will enable participants to focus on the most current aspects of Operational/Non-Financial risk management. From developing risk strategies suitable for turbulent market conditions, to increasing 1st Line accountability; from linking Risk to Performance to running a Microsimulation, the course will aid attendees to adjust their practices and future proof risk management.
Both days have been structured to provide the delegates with crucial knowledge as well as ample opportunities for group work and discussion, to address emerging themes and benchmark solutions with peer firms. A special feature this year: an expert guest speaker from Corporater; and an interactive Microsimulation using Iluminr scenario approach.
The sessions will allow participants to
- ELEVATE Risk Management to fit with rapidly evolving external environment
- REVIEW latest developments in embedding Risk Culture
- EXAMINE practical ways of increasing 1st line accountability
- LINK Risk Management to performance and strategy
- IMMERSE in live Microsimulation, develop critical thinking and practice simulation technique
- CONDUCT a deep dive into Risk and Control Self-Assessments
- DISCUSS top Operational risks and priorities, current and future challenges
- REVIEW practical examples, case studies and industry benchmarks
- INTERACT with fellow-practitioners and
- BENCHMARK the maturity of approaches against peers
This essential course is packed with practical tips and hints and ends with Make A Difference discussion, where attendees share their take-aways that will make a real difference to their organization.
Participants can choose to attend one day (4 400 members/5 400 non-members) or both days (8 200 members/9 500 non-members) of the course. To promote group interaction and engagement, an optional dinner has been arranged on Day 1.
Agenda – Day 1
9:00 – 10:20 Workshop 1 Risk Culture: Measuring and Embedding in Practice
- Measuring Risk Culture: Understand and apply questionnaires, metrics, focus groups
- Embedding Risk Culture: 3T Approach
- Increasing accountability: Why 1st Line units are reluctant to manage risk, and how to change that
- The ever-increasing mandate of Risk Function: Acting with Authority, Opinion and Engagement
- Live polls and group discussion: Embedding Risk Culture
10:40 – 12:00 Workshop 2 Spotlight on Risk and Control Self-Assessments (RCSAs)
- Business scepticism: Do RCSAs add value or is it the end of RCSA era?
- Spotlight: Risks and Controls, formulation, assessment, testing
- Spotlight: Change Risk Assessments, Reputational Risk Assessments
- Dynamic risk intelligence: using triggers, linking to framework tools, back testing data
- Reporting RCSA results: deriving meaningful insights
- Live polls and group discussion: Modern RCSAs: What does good look like?
12:50 – 14:10 Workshop 3 Micro Simulation
Join an interactive group exercise, where a scenario is presented and the groups are asked to analyse the situation and develop a quick response mirroring real life scenario. The simulation enables to test working under pressure, applying strategic thinking, and collaborating with peers. Microsimulation also presents a gamified template of how organisations can perform table-top simulation exercises in practice.
14:30 – 15:00 Day 1 Wrap-up
- Conclusions and key take-aways from the day
- Any remaining questions answered
- Make a Difference: Next steps and building an individual action plan
Agenda – Day 2
9:00 – 10:20 Workshop 4 The P in G(P)RC: Linking Risk Management to Performance (Led by Corporater)
- External trends and internal drivers that reshape expectations for GRC effectiveness
- Looking up: Setting the vision for GPRC
- Exploring the model: Setting the premise for GPRC
- How it connects: GPRC for OpRisk / NFR
- Moving up the Maturity scale: Performance-based approach to Risk-Management
- What about AI? Using relevant data and technology to enable your program
- Showcase: GPRC example use-cases
- Live poll and group discussion: From Risk Reporting to Decision Intelligence: Where Are We Today?
10:40 – 12:00 Workshop 5 OpRisk Framework: Elevating Risk Management in Volatile Market Conditions
- Operational Risk Tools revisited: An overview of the modern Framework
- Exploring strategies fit for purpose for rapidly changing environment
- Can we speed up? Delivering faster insights: Spotlight on Risk Reporting in crisis
- Can we see outside in? Looking outward and strengthening horizon scanning capabilities
- Risk Intelligence and Board advisory: The changing role of Risk Department
- Risk leadership during rapid change: Prioritising the activities
- Live poll and group discussion: Elevating Non-Financial Risk Management programme
12:50 – 14:10 Workshop 6 The Way Forward: What to expect by 2030
- Expanding NFR boundaries: AI ethics, supply chain sovereignty, and social license to operate
- A modern Risk Org Chart: How has it changed?
- Positioning Risk as differentiator: faster recovery, trusted data, transparency and culture enhancement
- Managing AI-Augmented Risk Teams (and overall workforce): Gen and Agentic AI latest developments
- Think Sharper, Act Smarter: what is needed in the next 3 years, 5 years, 10 years
- Live poll and discussion: What is the next big thing?
14:30 -15:00 Day 2 Wrap-up
- Conclusions and key take-aways from the day
- Any remaining questions answered
- Make a Difference: Next steps and building an individual action plan
Executive Trainer Bio
Elena Pykhova is award-winning risk expert, author, international trainer and educator. She is the founder of a boutique risk management consultancy, The OpRisk company, specializing in risk transformation, board and executive level advice on effective operational and enterprise risk management strategy, design and implementation. Elena is an author of a best-selling book, Operational Risk Management in Financial Services: A Practical Guide to Establishing Effective Solutions, with second edition issued in 2024 and translated into simple Chinese. Based in London, Elena is a renowned educator, running public and in-house training courses in the UK and internationally for world-leading organisations including the London Stock Exchange Group Academy, Euronext, Risk.net, the Moller Center Cambridge University, and the Institute of Internal Auditors. She is a thought leader, influencer and founder of a prominent industry think tank, the Best Practice Operational Risk Forum. She is a former Director for Education at the Institute of Operational Risk and chair of the Expert Panel for the Association of Foreign Banks. Elena is a non-executive director at Women in GRC and Financial Crime Prevention, promoting and supporting future talent.
CPE
You will earn 6 CPE’s each day for attending this workshop.