Learn how to implement effective risk operating structures that align business objectives with performance metrics.
Many banks and financial institutions struggle with implementing operational risk programs in order to manage nonfinancial risks caused by people, process breakdowns, systems, or external events. Some of these risk operations have been challenged by the added complexity to manage and impact, such as cybersecurity/IT disruptions, privacy concerns, and regulatory actions. This topic helps banks and financial institutions implement effective risk operating structures that align business objectives with performance metrics, establish both quantitative and qualitive operat-ing mechanisms to support effective risk identification and management, and develop effective reporting to derive actionable insights and drive accountability.
Learning Objectives
- You will be able to review ORM as a component of enterprise risk management.
- You will be able to discuss ORM operations and challenges.
- You will be able to explain key activities to maintain an ORM framework.
- You will be able to describe managing ORM & best practices.
Agenda
Overview of Risk Management and Operational Risk Management (ORM)
- ORM as a Component of Enterprise Risk Management
- Sources of ORM (People, Processes, Systems, External Events)
ORM Operations and Challenges
- Steps to Implementing an ORM Framework
- Key Activities to Maintain an ORM Framework
Managing ORM and Best Practices
- Operational Challenges and Solutions to Overcome Them
- Industry Best Practices
- Case Studies
Speakers
Emily Ness,
Navigant Consulting, Inc.- Senior consultant in the New York, NY office of Navigant Consulting’s banking, insurance and capital markets practice
- Assisted in drafting business requirements documentation and systems requirement documentation to ensure accurate reporting per the CRRG
- Assisted in implementing a credit monitoring framework by developing policies and procedures and performing monthly pre and post-transmission testing
Stephanie Ricci,
BRG- Managing Consultant in the Financial Institutions Advisory practice at BRG
- Professional experience in the financial services industry, specializing in banking, consumer finance and asset wealth management
- Has assisted in remediation efforts for a Top 20 US Bank, including root cause identification and action plan creation, provided accounting compliance advisory services related to system upgrades and legal reorganizations as well as audits and assessments for a variety of financial institutions
- Experienced in implementing remediation efforts for business processes, has tested, and developed internal controls, and performed integrated regulatory audits
Who Should Attend
This live webinar is designed for presidents, vice presidents, branch managers, loan officers, credit and collections managers, loan department personnel, accountants, compliance officers, financial counselors, and risk managers.
