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

Workshop overview

In this workshop, we focus on the operational risk implementation journey, introducing a ‘maturity ladder’ for measuring progress and outlining the key characteristics of each phase.

Topics to include:

Cyber
AI
Third-party risk

The workshop reviews what embeddedness looks like and how it can be measured. It presents three pillars of embedded risk management and proposes a balanced scorecard with examples of practical metrics and indicators. It aims to aid risk professionals to adjust their practices to remain at the forefront of industry developments and regulatory expectations.

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

Understand the journey to embeddedness
Evaluate the maturity of your operational risk framework and practices
Employ operational risk practical planning tools
Examine how core topics of cyber, third-party and operational resilience integrate with Operational risk management
Assess risks and opportunities of utilizing Generative AI in operational risk management
Debate the future of the discipline, and take tangible steps to ensure preparedness
Make A Difference: Develop a preparedness plan on how you will tackle operational risk challenges

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

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

Area of expertise:

Payments, innovation & resilience Prudential risk, reporting and tax

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.

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