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This course focuses on a common operational risk topic and the difficulties in converting the data obtained into real business value. Operational risk management is much more difficult to link to clear business benefits than market risk management and credit risk management. However, for those that manage it, there are many business benefits including aligning your risk profile with your risk appetite and ensuring that your control profile fits your cost budget and your resources budget.

The course covers its subject in depth in around three hours. The course is based on the very successful post-graduate rated Operational Risk Professional course which RiskLogix has run for over six years. Jargon is avoided (or explained where it is necessary to use it). No prior risk management experience is necessary, although an open and enquiring mind is essential. Questions from delegates at any time are encouraged and the course is deliberately open and participative.  

Firms are either drowning in key risk indicator (KRI) data or a finding it difficult to identify indicators of key risks that give true business benefit. This course will enable you to design key risk indicators and key control indicators (KCI) that assist the business, as well as being suitable for concepts such as risk appetite. You will be able to benchmark your current key risk indicator work against the many anonymised examples that will be given.

Operational Risk Programme:

This workshop forms part of the Operational Risk Programme and includes the below sessions, they are standalone so can be attended independently.

Key learning outcomes:

  • Differentiate between KRIs and KCIs
  • Design a KRI process
  • Apply RCA scoring to identify key risks
  • Compare KRI targets with risk appetites
  • Evaluate which KRIs and KCIs are early warning signals
  • Differentiate between leading and lagging KRIs and KCIs
  • Propose links between KRIs and risk, controls and incidents
Professor Tony Blunden

Professor Tony Blunden

Hon. Professor, GCU and Head of Consulting at RiskLogix

Professor Tony Blunden has worked in the City of London for over thirty years primarily within risk management and related areas in financial services...

Professor Tony Blunden has worked in the City of London for over thirty years primarily within risk management and related areas in financial services organisations. Prior to joining Risk-Logix, he spent four years as Director of Operational Risk within the Financial Services Risk Management Practice at Ernst & Young. Tony's area of focus is the identification and development of clients' needs in risk management. 

Client consulting engagements have included advising and guiding on risk frameworks, governance and culture, risk and control assessments, indicators of key risks, loss databases and their use, scenarios and stress tests, modelling of operational risk and risk reporting as well as risk appetite, the use of six sigma, ICAAP, ILAAP and enterprise wide risk management.  Risk appetite frameworks and model validation have been a particular feature of Tony's work in the last few years.

Tony is a frequent conference and bespoke training speaker having spoken at over 150 international risk and compliance conferences. He is also a well-known author of articles, chapters and books on risk management and compliance.  His latest book is 'Mastering Operational Risk' which has sold over 12,000 copies, been translated into Chinese and is published by Financial Times Prentice Hall. He has been appointed an Honorary Professor by Glasgow Caledonian University. Tony is also a Fellow of the Chartered Governance Institute.

Tony is recognised throughout the industry as a world leading authority on operational risk and brings deep domain knowledge and the practical experience of advising a considerable number of blue chip companies on risk management.

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RiskLogix Solutions

RiskLogix Solutions

Founded and built by risk professionals with significant hands-on financial services industry experience, RiskLogix is known for its deep expertise, i...

Founded and built by risk professionals with significant hands-on financial services industry experience, RiskLogix is known for its deep expertise, innovative approaches and partnership culture. Focused explicitly on the financial services industry, RiskLogix has built an international client base from its home near Old Street, in the heart of London's FinTech and RegTech quarter. 

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Suitable those who have an interest in understanding the business benefits that can be gained through good risk management as well as risk professionals, new joiners to risk management and allied areas.

  • CRO
  • COO
  • CFO
  • Head of Business Line
  • Head of Department
  • Risk champion/Business risk leader
  • Head of Risk
  • Head of Operational Risk
  • Operational risk analyst
  • Head of Credit Risk
  • Credit risk analyst
  • Head of Finance
  • Financial analyst