Workshop overview:

Risk and Control Self-Assessments (RCSAs) are used by many organisations, yet the tool attracts its fair share of criticism. This workshop takes a practical approach by reviewing the RCSA methodology with focus on control evaluation and testing, and highlighting areas less considered, including marketing the tool, applying masterful facilitation skills and creating fit-for-purpose summary reports. All these aspects are crucial to deriving maximum value out of the process.

The training 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 workshop 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 and ends with ‘make a difference’ discussion, where attendees share takeaways that will make a real difference to their organisation. The training is based on a best-selling book, Operational Risk Management of Financial Services: A practical guide to establishing effective solutions, which serves as a base for the workshop materials and enables continuous learning.

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 three pillars of effective facilitation
• Make a difference: consider steps that you can take to enhance your firm’s RCSA practices

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.

You might also be interested in:

We are running similar workshops in operational risk, that may be relevant to you or a colleague, see below for details. 

If you would like to attend one or more sessions or have multiple delegates interested from your organisation, please contact us for a discount.