Workshop 2

OpRisk North America workshop 2

OpRisk North America workshop 2

Revamping your firms KRIs and risk appetite

March 19th 2018
Marriott Marquis Times Square, New York

08:30

Registration, breakfast and introductions

09:00

Creating and embedding an integrated operational risk management framework

Craig Spielmann, Former Global Head of Enterprise Risk Management Strategy, FIRST DATA

10:00 Morning break and refreshments
10:30

Understanding operational risk appetite

  • Define a risk appetite framework that is appropriate for your organization and drives culture
  • Discuss lesson learned by analyzing the 2008 financial crisis in relation to philosophy, culture and risk appetite
  • Build KPIs/KRI to monitor the organization's progress

Craig Spielmann, Former Global Head of Enterprise Risk Management Strategy, FIRST DATA

11:30

What makes a truly useful KRI: finding 'the gold'

  • Differentiating ‘what we can measure' from ‘what do we want to measure'
  • Why is it so hard? What is getting in the way?
  • Reverse engineering for KRI design

Rajat Baijal, ‎Head of Enterprise Risk, CANTOR FITZGERALD

12:30 Lunch
13:30

A look at the toolkit; focused KRI specifications for your firm

  • Analysis of your situation - concerns and ‘blind spots'
  • Design of your KRI program

Rajat Baijal, ‎Head of Enterprise Risk, CANTOR FITZGERALD

15:00 Afternoon break and refreshments
15:30

Keeping it alive: knowing when to change; culling and creating

  • Understanding the threats to the program
  • Avoidance of ‘gaming'
  • Back testing and revision

Rajat Baijal, ‎Head of Enterprise Risk, CANTOR FITZGERALD

16:30 End of workshop