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Online via zoom, or in person at: 1 Angel Court, London EC2R 7HJ United Kingdom
This workshop provides a deep dive into operational risk appetite and key risk indicators, two topics that continue to pose challenges for firms.
Throughout, we’ll be exploring:
Operational risk appetite and the divergent opinions surrounding it, examining whether Operational risk is consciously taken for reward or is merely mitigated downwards. It then proceeds to practical implementation, proposing a three-stage process to developing a risk appetite that is meaningful and used for decision making.
KRIs, the essential measures of appetite, examining them from a practical perspective, focusing on their purpose, design and benefit to the business.
The course introduces a framework for assessing whether a metric is useful or useless; and reviews examples of effective (and not so effective) indicators. It also includes two practical exercises of drafting an appetite statement and developing predictive KRIs.
This workshop is structured to provide delegates with crucial knowledge as well as 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 their take-aways that will make a real difference to their organisation.
Explore the approaches to Operational risk appetite
Compare risk appetite statements of peer firms
Structure a value-added Operational risk appetite statement
Understand KRIs and their use in risk management
Examine practical examples of valuable KRIs
Make A Difference: Consider steps that you can take to enhance risk appetite and KRI set
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.
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:
Understanding Operational risk Appetite
Split opinions: is there return-on-investment from taking Operational Risk?
Three-step approach to developing Operational Risk appetite
Expressing the appetite using essential tools
Live poll and discussion: Operational Risk Appetite experience
Practical application: evaluation of statements expressed by peer firms; drafting an effective statement
Selecting Predictive and Useful Key Risk Indicators
Understanding KRIs: What are they and why are they needed?
KRI useful or useless? Attributes of good indicators
Approach to developing KRIs: root cause analysis
Setting thresholds and applying aggregation methods
Practical application: group study of KRIs and development of predictive indicators
Developing next steps: Reflections on what you can do to apply learning
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, specialising 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.
The course 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 Audit
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 herePurchasing 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 DayYou 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.
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