England and Wales Chapter

The England & Wales Chapter of the Institute of Operational Risk exists to support the IOR’s members in the region. The Chapter was established in 2012 and has provided many successful events over the years. The chapter continues to evolve and grow. We believe that the IOR, as a professional institute for operational risk management, should set an example for good governance and sound management. The Chapter is governed by a Chapter Executive Committee with clear assigned roles and responsibilities within the leadership team.

We aim to deliver value for money to our members by offering a variety of events, including interactive workshops, seminars presented by top industry professionals and networking events (most of them are free of charge for members). We will also continue to partner with other organisations to offer access and discounts at their events for our members. Please see our programme of upcoming events at the bottom of this page. We also aim to strengthen our membership base so you can make the most of networking opportunities.

Operational risk management has never been more important and is a focus of global and national regulators. We will keep you updated on material regulatory developments through ad hoc briefings and insight papers (as well of course as through events).

Please click here to see our comments on the PRA (CP29/19) and FCA (CP19/32) Consultation Papers on Operational Resilience: Impact tolerances for important business services.

We also want to be closer to you and get in touch more often via email, social media and the IOR website. Of course, we will also want to hear back from you about the things you like and where we can improve. The Chapter welcomes suggestions from members for events and activities both in London and elsewhere in England and Wales – please email suggestions to david@ndsconsulting.org


Chapter Governance – Executive Committee


Executive Committee Member Profiles


David Goodyear

  • Chairman

On 1st March 2021, David became Chair of the Institute of Operational Risk in England & Wales after serving as a member of its Executive Committee since early 2020 and being a long-term supporter and practitioner of Operational Risk in Financial Institutions.

David had over 30 years banking experience including senior roles in Risk, Operations and Front Office at MUFG, a GSIFI Bank. He has designed, led and delivered strategically important projects including: Benchmarking to UK and BIS regulatory requirements; Establishing independent risk management frameworks; Risk Appetite & Governance; Enterprise Risk; Operational Risk Management Frameworks; Operational Resilience and Operations Management.

David has a PhD in Chemistry and has in depth experience in Operational Risk from both a first and second line perspective gained through a wide range of positions held including Managing Director of Operations, Deputy CRO, Deputy General Manager of London Branch and a Senior Manager in the Dealing Room. This includes practical experience of operational risk, control environments, risk appetite/ tolerance, operational resilience, cost control & reduction, culture and governance.



Armel Massimina

  • Head of Membership and Head of Membership and England & Wales Chapter: Midlands and North Regional Head

Armel is an Enterprise Risk Account Manager at Pay.UK. He joined the IOR in 2014 and has over 10 years of experience in financial services, mainly acquired within retail banking.

Armel has worked for several banks where he has successfully supported the implementation, enhancement and embedding of risk frameworks.

He holds qualifications in Business and Finance and Risk Management in Financial Services.


Brian Thornhill

  • Head of Strategy

Brian is an Associate Director in Deloitte’s Financial Services Risk Advisory Practice.

He previously served as a prudential technical specialist at the FCA and its predecessor organisation the FSA.

He has extensive experience in the delivery of regulatory reviews and remediation support, including operational risk, risk management frameworks, governance and oversight, stress testing, reverse stress testing, wind-down and recovery planning assessments for CRDIV and BIPRU firms.

Upcoming Events

No Events

Recent Events

See Past England and Wales Chapter Events

Local Chapter News

IOR England and Wales and Scotland Chapters newsletter – August 2020

Posted on August 17, 2020, in England and Wales Chapter

The latest IOR newsletter is now available here: https://the-irm.org/t/FOL-6YX8Q-C8B034E322ED7302QLFSL425434D879824D5EC/cr.aspx

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Risk governance oversight: good practices and challenges – Video

Posted on July 31, 2020, in England and Wales Chapter

In this IOR England & Wales Chapter event, we will explore two important aspects of risk governance: Chris Burt, from The Risk Coalition, will discuss The Risk Coalition Initiative and its outcome ‘Raising the Bar’ which provides ‘principles-based guidance for board risk committees and risk functions in the UK Financial Services sector’ Carolyn Williams CMIRM, from the IRM, will follow by analysing the IRM’s […]

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The post-COVID ‘new normal’ – what it means for risk managers – Video

Posted on July 23, 2020, in England and Wales Chapter

  COVID-19 has forced social, political and economic changes and has required banks, which play a critical role in economy and financial stability, to re-think their processes for resilience. This includes risk management processes, priorities and investments. However, now that wave 1 is almost over, what challenges lie ahead and how should banks prepare themselves to address them? We will […]

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10th June Operational resilience – expectations and challenges

Posted on June 10, 2020, in England and Wales Chapter

Please find the video from this event below. You may also download a copy of the PDF/Slides by clicking here.

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COVID19: Black Swan or Grey Rhino – Lessons for Risk Management Slides

Posted on June 5, 2020, in England and Wales Chapter

The slides from the 13th of May 2020 ‘COVID19: Black Swan or Grey Rhino – Lessons for Risk Management’ webinar are now available for download: You can also watch the webinar below:

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Operational Risk Function Survey

Posted on May 7, 2019, in England and Wales Chapter, IOR News

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5th Annual New Generation Operational Risk: Europe | London | 12-13 March

Posted on February 1, 2019, in England and Wales Chapter, IOR News

New Generation Operational Risk: Europe 2019 will explore the evolving role & scope of oprisk management in today’s dynamic landscape; inclusive of presentations, interactive panel discussions & more. IOR members are entitled to a 20% discount. Watch for the code that members will receive by separate email. www.cefpro.com/oprisk

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New Generation Operational Risk: Europe

Posted on January 27, 2017, in Dutch Chapter, England and Wales Chapter, German Chapter, IOR News, Irish Chapter, Scottish Chapter

We are pleased to announce that we will be supporting the 3rd Annual New Generation Operational Risk: Europe Summit. Taking place in London, 14-15 March 2017, the Summit will bring together industry thought leaders to review the operational risk frameworks and controls for a broader view of the risk as a function and using to drive business decisions. We have […]

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Details of the ‘2nd Annual Culture and Conduct Forum for the Financial Services Industry’ London event, are now available

Posted on June 29, 2016, in England and Wales Chapter, IOR News

Full details of the July 12th event ‘2nd Annual Culture and Conduct Forum for the Financial Services Industry’ in London are now available here.

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Mike Finlay’s E&W Chapter Risk Categorisation Masterclass Slides Now Available

Posted on February 2, 2016, in England and Wales Chapter, IOR News

The slides from Mike Finlay’s 19th January 2015 Risk Categorisation Masterclass presentation in London are now available for download.

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