Enterprise Risk Management

Academy – Euronext Group’s interactive Enterprise Risk Management course provides a succinct and practical overview of the most topical components of the enterprise risk management framework. Live virtual sessions are structured around the areas of Risk Appetite, Risk culture, Risk reporting, Operational Resilience and Risk Assessments. The course also features an exclusive workshop that explores softer skills and qualities that are instrumental for successful Risk teams; an essential yet frequently undervalued element that is crucial for effective enterprise risk management.

The course is packed with practical tips and hints and guides participants towards implementing processes that add value to the workplace. Each session ends with Make A Difference discussion, where attendees share their take-aways that will make a real difference to their organisation. All sessions have been designed to facilitate communication and interaction between participants and the course leader, Elena Pykhova.

As a special bonus, each attendee will receive a copy of the brand-new book authored by Ms. Pykhova entitled: Operational Risk Management in Financial Services: A Practical Guide to Establishing Effective Solutions.

Benefits of Attending

  • Review how to integrate risk with business strategy
  • Structure value-added Change and Risks and Opportunities assessments
  • Find meaningful ways to define risk appetite
  • Perform risk culture evaluation and create conduct and culture dashboard
  • Examine 3-step approach to successful report writing
  • Consider integrating Operational resilience with Risk
  • Explore softer side: instrumental skills and capabilities of successful risk teams; as well as
  • Review case studies and engage via live polls
  • Interact with fellow practitioners, benchmark the maturity of your framework with peers
  • Develop a plan on how you will make a difference to your workplace following the course

Who Should Attend

This is an essential course for all individuals responsible for implementing risk management practices in their organisations or those interested to stay current and improve their Operational risk solutions, including:

  • Operational and Enterprise Risk practitioners
  • Compliance
  • Governance and Control
  • Audit
  • Directors and senior executives
  • Individuals responsible for implementing risk management practices or interested to learn more about enterprise risk solutions

Organisational delivery details

The course will be held in English and delivered via Zoom on March 2-3 2022 from 9.00am –to 12.30pm CET. The individual registration fee is € 800 + VAT.

The material will be shared after the course has taken place. You can also download the brochure via this link to learn more about this Enterprise Risk Management course.

Date:02-03-2022
Time:9:00 am - 12:30 pm CET
Days:2 days
Location:Online (Zoom)
Price€ 800€+VAT

Program

9.00     Introduction

  • Welcome and introductions
  • What is Enterprise Risk Management

9.15      Enterprise-wide Risk Assessments

  • Integrating risk assessment with the firm’s strategy and business plan
  • Strategic Risk assessment: approach, stakeholders, outcomes
  • Top and Emerging risks
  • Other assessment types: Change, Risks and Opportunities

10.15        Risk Culture

  • The role of Risk in developing Risk culture
  • Risk culture assessment: 5 Aspects model
  • Culture and Conduct: related and intertwined
  • Effective monitoring: developing Culture and Conduct dashboard

11.15 – 11.30        Break

11.30        Risk Appetite

  • Focus on more complex to express: Operational / Non-Financial risk
  • Definitions and approach: 3-step process for developing an effective statement
  • What does good look like?Attributes and measures of success
  • Group Study: evaluation of statements expressed by peer firms

12.30      End of day one

9.00      Risk Reporting

  • Common challenges: lengthy, verbose, not actionable
  • BCBS239: risk aggregation and risk reporting
  • Examining practical solutions: 3-step process for successful report writing
  • Group discussion: exchange of good practices

10.00         Operational Resilience

  • Integrating Risk and Resilience disciplines
  • Changing the mindset: developing Business Services Mentality
  • Role of Risk teams in leading the efforts: what are the common touch points?
  • Discussion: Operational resilience– successes and challenges

11.00 – 11.15        Break

11.15       Softer side: How to build successful Risk teams

  • The theory: role of 2nd line Risk in the 3LOD structure
  • In reality: examining Risk personalities- the Drifter, the Diminisher, the Multiplier
  • From administration to management
  • Key skills and capabilities of successful Risk teams

12.15       Wrap-up and Next Steps

  • Re-cap: essential components of successful Enterprise Risk framework
  • Discussion: key take-aways, developing individual action plans

12.30      End of course

Teacher

Elena Pykhova Director & Founder, The OpRisk Company

Elena Pykhova is an operational risk executive specialising in strategy, design and implementation of firm-wide operational risk frameworks, based in London, UK. She is an experienced operational risk trainer, running public and in-house training courses in the UK and internationally for world-leading venues such as the London Stock Exchange Academy. She is a thought leader, influencer and founder of a think tank, Best Practice Operational Risk Forum. She is the Chair of the Operational Risk Expert Panel for the Association of Foreign Banks and the former Director for Education at the Institute of Operational Risk. Passionate about the discipline, she founded her training and consulting practice after 20 years of experience in senior roles at Fortune 500 companies.