As part of risk and control assessment process, organisations collect a lot of information about risks at various levels across the organisations. However, it is generally difficult to aggregate the detailed information about risks at a business division or group level to create an aggregated view of operational risk exposure.
In this session, the expert speakers will share guidance on following topics: –
Aggregating data at risk level. Data may include incidents, issues, control assessment outcomes, control testing outcomes and key risk indicators.
Aggregating data at risk category level. Aggregating exposure of risks owned across different business unit to a single risk category (e.g. External Fraud).
Aggregating data at business unit level. Aggregating exposure of different types of risks at the business unit level.
Aggregating data at different levels within the organisation structure e.g. Division and Group level.
The expert speakers for this event will be Manoj Kulwal and Dr. Jimi Hinchliffe.
Manoj Kulwal is the Chief Risk Officer at RiskSpotlight and Director of Marketing at the IOR. He has 18 years of professional experience covering operational risk management, enterprise risk management, strategic performance management and business intelligence. He been involved in risk management related industry initiatives such as revision of the ISO 31000 risk management standard and development of the Certification of Operational Risk Management (CORM) at IOR. He is actively involved in consulting and training related engagements on operational risk management. He also led development of world’s first forward looking web-based operational risk news service – RiskSpotlight Portal.
Dr. Jimi has over 20 years of experience in operational risk and regulation. He has held several roles at the UK regulator, including as an operational risk policy SME and Basel 2 specialist and project lead, and as a supervisor of major banks and investment firms. Jimi’s main areas of expertise and interest are operational risk and regulatory affairs, and in addition to consulting projects, Jimi has published a number of journal articles on his specialist subjects and spoken at international conference and training events. He is also Chairman of the England and Wales Chapter at IOR.
Best Practices on Risk Aggregation
To participate in this webinar you will need a computer and internet connection.
As the efficiency of operational risk management remains a top priority and pressure to maximise value increases, emerging technology could prove crucial. Nitish Idnani, leader of oprisk management services at Deloitte, explores how the oprisk management space could look in the future if it continues its current evolution, and discusses the potential impact of key […]