Workshop overview:

Over the past decade, organisations have increased their engagement with suppliers in order to gain access to specialist expertise, streamline their processes, and improve productivity. At the same time, third-party risk has increased and is now seen as one of the top five risks for the financial services sector. This essential, interactive one-day workshop has been structured to enable participants to examine the latest developments, trends and techniques in the dynamic field of third-party risk management. Participants will reflect on practical ways of building an effective third-party risk framework to remain at the forefront of industry developments and regulatory expectations.

The course is packed with practical tips and hints, and ends with Make A Difference discussion, where attendees share their takeaways that will make a real difference to their organisation.

Learning outcomes:

  • conduct a deep dive into building an effective third-party risk framework
  • examine evolving practices for third-party monitoring
  • develop third-party risk appetite and monitoring KRIs
  • incorporate ESG practices into third-party management
  • reflect on resilience arrangements in light of regulatory requirements
  • review practical examples, case studies and industry benchmarks
  • interact with fellow practitioners and
  • benchmark the maturity of approaches against peers.
Elena Pykhova

Elena Pykhova

Trainer

Elena Pykhova is an internationally recognised risk expert, author and educator, helping financial institutions evolve risk management to create great...

Elena Pykhova is an internationally recognised risk expert, author and educator, helping financial institutions evolve risk management to create greater business value while maintaining independent judgement.

Elena is the founder of The OpRisk Company, specialising in Risk transformation, executive advisory and framework design for financial services firms.

She is the author of the bestselling book, Operational Risk Management in Financial Services: A Practical Guide to Establishing Effective Solutions, and founder of the Best Practice Operational Risk Forum, bringing together senior practitioners and regulators to exchange ideas and shape the future of the discipline.

Elena delivers executive education internationally for organisations including Euronext, The Moller Center Cambridge University and the Institute of Internal Auditors. 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. 

Her work focuses on helping organisations strengthen governance while transforming Operational Risk into a more decision-focused, value-adding discipline.

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Any organisation using third parties to deliver critical services or products to their customers. This course has been designed for professionals, including:

•    Operational and Enterprise Risk 
•    Third-Party Risk 
•    Procurement 
•    IT, Operational Resilience and Business Continuity
•    Compliance, Governance and Control
•    Internal Audit 
•    Heads of Departments
•    Directors and Senior Executives.