Operational Risk - Session 5: Incorporating ESG into Operational Risk Framework

Workshop overview

Whilst progress has been achieved in embedding Environmental, Social and Governance (ESG) into financial risk frameworks, such as credit and market, understanding of Operational risk integration is still developing.

This interactive workshop provides a succinct and practical overview of key ESG components and offers a step-by-step guide for integrating ESG risk management into the Operational Risk framework. Throughout participants will improve their understanding of ESG, and focusses on tools such as Risk Events, RCSAs, Scenarios, with added coverage of evaluation and management of Reputational risk emanating from the ESG factors.

The course 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 and features a ‘Discuss your challenges’ clinic where participants will receive an immediate and constructive feedback on their own progress and roadblocks.

Learning outcomes

Understand ESG definitions and aspects

Differentiate between physical, transition and liability risks

Find meaningful ways to incorporate ESG into Operational risk framework

Examine impact on key tools: Risk Events, Risk Assessments and Scenario Analysis

Perform a deep dive into ESG in the context of Reputational risk

Make A Difference: Develop a plan on how you will progress ESG integration

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.

IN-HOUSE TRAINING

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

Operational Risk - Session 1: Mastering Risk and Control Self-Assessments

Operational Risk - Session 2: Operational Risk Appetite and Predictive Key Risk Indicators

Operational Risks - Session 3: Risk Events, Scenario Analysis and Emerging Risks

Operational Risk - Session 4: Best Practices for Risk Reporting

Operational Risks - Session 6: Building Effective Operational Risk Teams and Embedding Risk Culture

Operational Risk - Session 7: Maturity Assessment and The Future of Operational Risk Discipline

Area of expertise:

Payments, innovation & resilience Prudential risk, reporting and tax

Tags:

Operational Risk

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.

This is an essential course for all individuals responsible for implementing ESG risk management practices in their organisations or those interested to stay current and improve their ESG risk solutions, including:

Operational risk

Enterprise risk

Sustainability / ESG teams

Compliance

Internal Audit

Directors and senior executives

Individuals responsible for implementing ESG risk management practices within their organisation

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.