Pre-conference workshop 2, March 23, New York

Pre-conference workshop 2, March 23rd

WORKSHOP 2: Increasing and demonstrating the value of operational risk
"Energize ORM" - the purpose will be to make your ORM practice exciting, sought after as a practice and attractive to top talent. ORM can play a key role in helping businesses achieve their long-term business goals and assist them to take advantage of opportunities that are within risk appetite. This workshop is designed to put ORM "on the map "as a major contributor to the organizations success.

Led by Craig Spielmann, Former, Head of Operatinal Risk, RBS AMERICAS

8:30 Registration and breakfast
9:00 Introduction

  • Regulatory environment
  • Obstacle to creating a successful ORM program
  • Lessons learned from the 2008 crisis
  • Role of compensation
  • Building an effective ORM team
  • Three lines of defense

10:30 Morning coffee break

11:00 Driving a "Business Risk" approach - How to make ops risk exciting and sought after

  • Creating a risk philosophy and proactive risk culture
  • Balance of knowledge vs. risk
  • Connection to senior business executives
  • Business, goals strategy and relationship to ORM

12:30 Lunch

1:30 Relationship of risk elements and reporting - How does it all come together

  • Business information cycle
  • Scenarios practices
  • Risk assessment approaches and techniques
  • Use of internal and external loss data
  • Techniques for measuring materiality

3:00 Afternoon coffee break

3:30 Measurement and reporting

  • "Triangle approach" and "Risk data aggregation"
  • Creating multi- dimensional metrics
  • Issue management approaches and exercise
  • Key ORM maturity indicators
  • Board reporting
  • Regulatory challenges and direction

5:00 End of workshop

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