RiskLogix in association with
UK Finance -
Operational Risk Programme
Session 1 – Making the most of your Risk and Control Self-Assessments (RCSAs)
17th October 2022
10:00 – 13:00
Venue: Online
This course explains and reviews various common approaches to risk and control assessments and their business benefits. You will be able to benchmark your own risk and control assessment methodology against the anonymised examples that will be shown. Additionally, the course looks at the many business uses of RCSAs, including qualitative risk appetite.
Session 2 – Identifying and using Key Risk Indicators (KRIs)
19th October 2022
10:00 – 13:00
Venue: Online
Firms are either drowning in KRI data or are finding it difficult to identify indicators of key risks that give true business benefit. This course will enable you to design key risk indicators and key control indicators that assist the business, as well as being suitable for concepts such as risk appetite. You will be able to benchmark your current key risk indicator work against the many anonymised examples that will be given.
Session 3 – Capturing and using events, incidents, and losses
24th October 2022
10:00 – 13:00
Venue: Online
Operational risk losses are notoriously difficult to capture even though the analysis of them gives great business benefit. This course will enable attendees to benchmark their firm’s loss and event capture and analysis leading to an improved understanding of the firm’s risk profile. The course will include a section on the analysis and use of losses and events suffered by competitors, again enabling benchmarking of the attendee’s firm to take place.
Session 4 – Interpreting, developing, and applying stress tests and scenarios
25th October 2022
10:00 – 13:00
Venue: Online
Many firms did not have a pandemic in their set of scenarios when Covid-19 struck. Used with care, stress tests and scenarios can show a firm the sensitivities of its risk profile to exceptional events. Some scenarios can be very damaging whilst others can be relatively benign. Attendees will learn how to develop scenarios that reflect a firm’s own risk profile and apply the scenarios to that profile.
Session 5 – Using risk appetite frameworks, statements and limits
27th October 2022
10:00 – 13:00
Venue: Online
The ability to evaluate, design and monitor risk appetite is fundamental to a firm’s well-being and successful growth. Many firms find it difficult to clearly state their operational risk appetite, preferring to use terms such as ‘We have a low overall appetite’. This course will show you how to state your operational risk appetite both qualitatively and quantitatively, clearly and precisely on a risk-by-risk basis. The course will also review the easier-to-grasp concept of control appetite and show how control appetite is the more straightforward part of risk appetite.
