Workshop overview

In this workshop, we take a practical approach to Risk and Control Self-Assessments (RCSAs) by reviewing the methodology with focus on:

  • control evaluation and testing
  • highlighting areas less considered, including marketing the tool
  • applying masterful facilitation skills
  • creating fit-for-purpose summary report 

The course incorporates two practical exercises, identifying and assessing top risks and debating RCSA measures of success. It contains case studies, examples and industry benchmarks, and includes a follow-up ‘Ask Me Anything’ clinic where participants can ask questions.

The course 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 as well as providing attendees with immediate and constructive feedback on their own example papers.

Learning outcomes

  • Examine various approaches to conducting RCSAs
  • Review effective ways of formulating risks and controls
  • Distinguish between controls testing and judgmental evaluation
  • Examine practical ways of achieving senior management engagement
  • Conduct a deep dive into why RCSAs fail and how to succeed in deriving value
  • Develop RCSA measures of success
  • Practice 3 pillars of effective facilitation
  • Make A Difference: Consider steps that you can take to enhance your firm’s RCSA practice

Working lunch included – that includes networking, and a chance to ask the trainer your specific questions about the topic.  

This workshop will be offered in a hybrid format, allowing participants to attend either in person or online. After you register for the course, a member of the team will contact you to confirm your preferred mode of attendance. Please be aware that changes to your chosen method of participation may incur an administrative fee, except in cases of extenuating circumstances.

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.

This course is part of the Operational Risk Series, which includes seven workshops in total, see below for information on each:

Elena Pykhova

Elena Pykhova

Trainer

Elena Pykhova is award-winning risk expert, author, international trainer and educator. She is the founder of a boutique risk management consultancy, ...

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

She is a renowned educator, running public and in-house training courses in the UK and internationally for world-leading organisations including Euronext, the Moller Center Cambridge University and the Institute of Internal Auditors. Elena 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. Passionate about the discipline, she founded her training and consulting practice after 20 years of experience in senior roles at Fortune 500 companies. 

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The workshop has been designed to appeal to risk professionals and individuals responsible for implementing risk management practices, or interested to learn about effective risk solutions, including:

  • Operational risk
  • Enterprise risk
  • Compliance
  • Governance and Control
  • Internal Audi
  • Risk Champions
  • Heads of departments
  • Directors and Senior Executives

We have some bundle options and other discounts available should you want to book several workshops or the entire series: 

Series pricing (7 for price of 6 = 15% discount): 
£2700 + VAT (Member) 
£3450 + VAT (Non-member) 
You can book the entire series here

Purchasing 3 or more sessions: 
10% discount, please contact our training team training@ukfinance.org.uk to enquire.

Buying 1 - 2 sessions: 
£450 + VAT / Half Day 
£575 + VAT / Half Day

You can send different colleagues from your organisation to different sessions and this can all be done through one booking (on one invoice). We advise that no more than 3 attendees per firm per series to maximise attendees’ experience.