Operational risk management: fundamental principles
View AgendaKey reasons to attend
- Learn best practices for effective operational risk management
- Enhance skills in reporting and communication
- Master essential risk assessment techniques
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About the course
As op risks continue to evolve, building an understanding of effective risk management is critical for financial institutions. This course covers the essential principles of op risk, from conducting impactful RCSAs to setting KRIs, and establishing a clear risk appetite framework.
Participants will explore methods for enhancing resilience through scenario analysis and fostering a strong risk-aware culture. The training also covers techniques for producing concise, actionable risk reports and developing core skills such as communication.
Attendees will leave the course equipped with the necessary practical tools to strengthen op risk frameworks, improve decision-making and align with industry best practices.
This training is designed for professionals in the financial services industry.
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Learning objectives
- Make risk and control self-assessments (RCSAs) more valuable
- Develop impactful key risk indicators (KRIs) for better decision-making
- Build an effective risk appetite framework
- Explore best practices for writing effective reports
- Promote a risk-aware culture
- Learn how to perform a scenario analysis
Who should attend
Relevant departments may include but are not limited to:
- Operational risk
- Enterprise risk
- Compliance
- Governance and control
- Audit
- Directors and senior executives
Agenda
February 18–19, 2025
Live online. Timezones: Emea/Americas
Sessions:
- Risk assessments
- Operational risk losses and scenario analysis
- Key risk indicators (KRIs)
- Operational risk appetite
- Operational resilience
- Risk culture, conduct and people risk
- Operational risk reporting
- Softer side: core skills and capabilities of operational risk professionals
Download detailed agenda
Tutors
Elena Pykhova Risk Learning Faculty
Director and founder
The OpRisk Company
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 the London Stock Exchange Group Academy, Euronext, Risk.net, 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.
Testimonials
“Elena is an excellent, fun and knowledgeable trainer”
“Elena was excellent at providing practical examples.”
“Elena is very knowledgeable and does not only share the information but is also able to explain and answer to question with good examples.”
“Elena is a very knowledgeable speaker…and her presentations keep me engaged throughout”
Pre-reading materials
The Risk.net resources below have been selected to enhance your learning experience:
- A renewed focus on operational risk: mitigating new risks while deriving a competitive advantage
- Top 10 op risks: change brings challenges as banks splash the cash
- Op Risk Benchmarking 2024: the G-Sibs
A Risk.net subscription will provide you access to these articles. Alternatively, register for free to read two news articles a month.
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