Operational Risk Programme: Live Sessions in May 2022

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We are today launching a series of short live instructor-led online courses focusing on common operational risk topics and the difficulties in converting the data obtained into real business value. Operational risk management is much more difficult to link to clear business benefits than market risk management and credit risk management. However, for those that manage it, there are many business benefits including aligning your risk profile with your risk appetite and ensuring that your control profile fits your cost budget and your resources budget.

Each course covers its subject in depth in around 3 hours and has clear learning objectives linked to the content. At the end of each course, delegates will be expected to be able to carry out the tasks stated in the learning objectives (which can be found at the start of each course’s detailed content).

The courses are based on the very successful post-graduate rated Operational Risk Professional course which RiskLogix has run for over six years. They are suitable for operational risk professionals as well as new joiners to risk management.  They are also fully aligned with those who have an interest in understanding the business benefits that can be gained through good risk management.  Jargon is avoided (or explained where it is necessary to use it).  No prior risk management experience is necessary, although an open and enquiring mind is essential.  Questions from delegates at any time are encouraged and the courses are deliberately open and participative.

The series answers the following common concerns of many financial services firms and focuses on the business side of operational risk management:

  • Why are Risk Control Self Assessment (RCSA) not making business sense?
  • Why do we have too many Key Control Indicators (KRIs) and not enough business benefit?
  • What is the business point in loss analysis?
  • Aren’t stress tests and scenarios one step too far for the business?
  • Is our risk appetite too quantitative, or too qualitative?

Each course is stand-alone and can be taken separately.  All five courses taken together give an unequalled view of operational risk management.

Your instructor is Professor Tony Blunden who has worked in the City of London for over thirty years primarily within risk management and related areas in financial services organisations. Prior to joining RiskLogix, he spent four years as Director of Operational Risk within the Financial Services Risk Management Practice at Ernst & Young. Tony’s area of focus is the identification and development of clients’ needs in risk management.

Client consulting engagements have included advising and guiding on risk frameworks, governance and culture, risk and control assessments, indicators of key risks, loss databases and their use, scenarios and stress tests, modelling of operational risk and risk reporting as well as risk appetite, the use of six sigma, ICAAP, ILAAP and enterprise wide risk management.  Risk appetite frameworks and model validation have been a particular feature of Tony’s work in the last few years.

Tony is a frequent conference and bespoke training speaker having spoken at over 150 international risk and compliance conferences.  He is also a well-known author of articles, chapters and books on risk management and compliance.  His previous book (co-authored with John Thirlwell) ‘Mastering Operational Risk’ sold over 12,000 copies, has been translated into Chinese and is published by FT Publishing. His new book (also co-authored with John Thirlwell) is ‘Mastering Risk Management’ and was published by FT Publishing in February 2022.  He has been appointed an Honorary Professor by Glasgow Caledonian University.  Tony is also a Fellow of the Chartered Governance Institute.

Tony is recognised throughout the industry as a world leading authority on operational risk and brings deep domain knowledge and the practical experience of advising a considerable number of blue chip companies on risk management.

Please click the course title below to learn more:

Identifying and using Key Risk Indicators (KRIs): Tuesday 10th May 2022 at 10:00

Capturing and using events, incidents and losses: Wednesday 11th May at 10:00

Interpreting, developing and applying stress tests and scenarios: Tuesday 17th May at 10:00

Using risk appetite frameworks, statements and limits: Wednesday 18th May at 10:00

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