Operational Risk - Best Practices for Risk Reporting

Workshop overview:

Emphasising the significance of reporting, the workshop highlights how it serves as the window through which the risk department communicates with the outside world and sends important messages to stakeholders. It conducts a deep dive into risk report writing, enabling you to develop solid knowledge on how to structure, step-by-step, a meaningful and actionable committee paper.

Topics such as risk aggregation (BCBS 239), corporate governance principles, and the importance of balancing steering and supervising type papers are covered during the session. The course reviews how results from the operational risk tools can be consolidated in a meaningful way for consumption by Board and senior committees, without being excessively lengthy and verbose. It highlights practical ways of presenting an operational risk profile, getting right to the point and answering the vitally important so what question, making reports succinct, punchy and actionable. 

The workshop is 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. It is packed with practical tips and hints and ends with ‘make a difference’ discussion, where attendees share takeaways that will make a real difference to their organisation. The training is based on a best-selling book, Operational Risk Management of Financial Services: A practical guide to establishing effective solutions, which serves as a base for the workshop materials and enables continuous learning.

Learning outcomes:

• Recognise common reporting challenges
• Understand good governance principles and apply them to risk reporting
• Examine three step approach to successful report writing
• Review BCBS 239 requirements and employ them in your reporting process 
• Learn how to structure an actionable and meaningful risk report
• Consider ‘blind spots’ of risk reports and ways to address them
• Receive immediate and constructive feedback on your report examples
• Make a difference: develop a plan on how you will make a difference to report writing 

Interested in taking any of our workshops in-house?

Whether you are seeking to upskill your team, enhance productivity or foster a culture of continuous learning, we can deliver customised training programmes designed to meet your specific needs. If you have an enquiry, you can complete the in-house form and our training team will be in touch with next steps.

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If you would like to attend one or more sessions or have multiple delegates interested from your organisation, please contact us for a discount.