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Places are limited to 30, so register early to avoid disappointment.
- Internationally renowned RCMP
- In a magnificent setting
- A scheme for effective risk management
Risk is omnipresent in the strategies, operations and processes of the company. The compartmentalized approaches to risk management leave the organization not having a global view of the risks. The response is often to centralize risk management, which forces different parts of the organization to adopt a single risk management model that fails to manage and monitor risks adequately. Defining strategy, managing operations and managing organizational change requires the ability to provide meaningful risk information for decision-making by boards of directors, officers, RCMP professionals, as well as activity area.
Benefits for participants:
- Understand a top-down and bottom-up risk management approach
- Implement risk management in the context of the company’s strategy, processes and operations
- Explore different models of risk management architecture and their application to your organization.
- Discover various risk management techniques and their application to your business.
- Develop a risk information architecture adapted to business operations and processes
- Communicate risks effectively between your organizations
As business becomes more and more complex in a changing business environment and subject to increasing risks, faced with increasing regulation, globalization and distributed operations, companies need a blueprint for managing effective, efficient and flexible risks. This requires that organizations integrate risk management into their organization as an integral part of strategy and operations, based on an integrated risk information architecture that allows them to have a 360 ° knowledge of risk in the context of the strategy and operations.
The objective of this workshop is to provide participants with a blueprint on effective risk management strategies in a dynamic business and risk environment. Participants will learn about risk management strategies and techniques that can be applied to business and operational risk management strategies, as well as department-based risk management initiatives. Learning takes place through lectures, collaboration with peers and workshop tasks.
DR. ARIANE CHAPELLE, DIRECTRICE
Ms. Ariane Chapelle holds a doctorate in economics and was the chair of international finance at the University of Brussels. She has been active in operational risk management since 2000 and has worked closely with the ING group and the Lloyds banking group.
She was a member of the Operational Risk Institute and a trainer for the International Association of Professional Risk Managers (PRMIA) for three years. she designed the certificate of learning and practice in advanced operational risk management.
She is also a member of the editorial board of the Journal of Operational Risk and a columnist for Risk magazine. Since 2006, Ms. Chapelle has run her own risk management training and consulting firm. Her clients include top tier financial organizations and international financial institutions.
Dr. Ariane Chapelle, London, 4 June 2020
Morning: Operational and emerging risk management framework
Session 1: Classifying and addressing emerging risks
- The risks everyone knows
- Risks You Should Know
- Risks You Can’t Know
- Risk identification tools
Exchanges: practices and maturity in identifying existing and emerging risks
Session 2: Risk management analysis framework & risk assessment
- Characteristics of operational risk
- Risk management frameworks: ISO, COSO, internal practices
- Risk assessment: methods and practices
- Exercises: application of the bow-tie in risk assessment: causes and controls
Exchanges: discuss your challenges in risk and control assessment
Afternoon: Main risk indicators and information reporting Session 3: Method for key preventive risk indicators (KRI)
- Characteristics of KRIs (key risk indicators)
- Performance, risk and control indicators: definitions and uses
- A KRI typology
- Six steps for preventive indicators
Exchanges: sharing of experience and good practices in KRI
Session 4: Risk reporting and aggregation
Risk: information is in deviations
- Golden rules in risk reporting
- The challenges of aggregating qualitative information
- Ideas and examples
Exchange of good practices and pitfalls to avoid – how technology can help
and presentation of Dr. Ariane Chapelle’s latest book “Operational Risk Management: best practices for the financial services industry.