Utilizing operational risk management as a decision-making tool and effective approaches for measurement and managing of the risks in BFSI sector

OPERATIONAL RISK MANAGEMENT SUMMIT 2018

Today the scope of regulatory compliance and risk management has become much broader, and the potential impact of noncompliance is significantly high. The risk function at BFSI sector is evolving from being a number-crunching function to a more dynamic business enabler, focusing on risk arising from complex products, diversified operations, diverse workforce, multiple channels and regulatory compliance at regional and global levels. The intent is being on a proactive risk management and mitigation, rather than event-based response. Overall 58% of banks initiated the process of identification of operational risk, however, only 36% public sector banks and 20% of financial institutions have initiated the process of ORM.

Risk management has always been a complex function for banks and financial institutions. Hence Operational Risk Management Summit 2017 focuses on the BFSI sector to discuss the compliance, stay up-to-date on the operational risks & latest legal changes and technology. The summit will have keynotes sessions and discussions from leading industry stalwarts, breakout groups, continuing education, and plenty of networking opportunities.

SPEAKERS

KEY FOCUS AREAS

  • Changing face of compliance, latest trends & methodologies
  • Operational risk framework - how the components of operational risk management fit within strategy & risk policy
  • Compliance guidelines of Basel & Sarbanes-Oxley
  • How technology will transform BFSI sector– Blockchain, AI and IOT
  • Critical infrastructure - how to safeguard IT infrastructure for future threats
  • Key challenges faced in banks and NBFCs
  • Detecting new threats to the business
  • Operational risk management in insurance companies
  • Strategy on protection and cyber security for banks and financial Institutions in India
  • Developing effective & sustainable risk culture in BFSI

WHO SHOULD ATTEND?

Functional heads of:
  • Governance, Risk & Compliance
  • Operational Risk
  • Enterprise Risk Management
  • Internal Audit & Control
  • Inspection & Supervision
  • Vigilance
  • Fraud & Financial Risk / Crimes
  • Business Continuity & Disaster Recovery
  • Cyber Crimes

WHY SHOULD YOU ATTEND

 

  • Updates on latest trends & methodologies of ORM framework that helps your risk management process reach next level
  • In depth guidance on latest solutions being adopted to assess, measure, monitor & report the operational risk events
  • Key discussion on role of operational risk in ERM frame work and the integration between reputational risk, audit risk, conduct risk etc.
  • Share best practices on various aspects and setting benchmarks with High Reliable Organizations
  • Network with India's top Operational Risk Professionals

Conceptualized By