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

Workshop overview

This workshop focuses on the role of the 2^nd line Operational Risk professional and how it is embodied by drifters, diminishers and multipliers. It also reviews the profile of embedded 1^st Line Risk Champions, and their personalities of problem solvers, postmen and champions.

The workshop adopts a practical approach to revising the core skills and capabilities of operational risk professionals and provides a step-by-step guide to building successful risk teams.

We’ll look at risk culture, one of the least visible but most vital aspect of risk management, and outline practical steps that can be taken to embed the right ethos and behaviours, including having the right tone from risk in addition to the tone at the top, and holding meaningful risk conversations across the firm.

This 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 with Make A Difference discussion, where attendees share their take-aways that will make a real difference to their organisation.

Learning outcomes

Understand the origins of 3 Lines (formerly of Defense) and regulatory expectations

Examine the roles of the 2^nd Line Operational risk and 1^st Line Embedded Risk Champions

Understand key skills of modern risk professionals in order to invest in your teams

Learn how to embed risk culture and master Risk Conversations

Understand regulatory expectations on culture and conduct

Review examples / case studies of good and poor behaviours

Make A Difference: Reflect on tangible actions that you can take to positively influence risk culture

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 5: Incorporating ESG into Operational Risk Framework

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.

The course has been designed to appeal to broad audience, from risk professionals to 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 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.