Utilising operational risk management as an effective tool for measuring and managing risks in the BFSI sector as per Basel guidelines


Risk management has always been a complex function for banks and financial institutions. Today the scope of regulatory compliance and risk management has become much broader, and the potential impact of non- compliance 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.

Therefore "Operational Risk Management" has come in to force since 2001, when it was recognized as a distinct class of risk outside credit and market risk, by Basel III. Further, compliance regulations, like Basel III and SOX, mandate a focus on operational risks, forcing financial organizations to identify, measure, evaluate, control and manage this ubiquitous risk. This has led to an increased emphasis on the importance of having a sound operational risk management (ORM) practice in place, especially when dealing with internal capital assessment and allocation process. This makes ORM one of the most complex and fastest growing risk disciplines in financial institutions. 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.

The 3rd Annual Operational Risk Management Summit 2020 focuses on the BFSI sector to discuss the compliance, stay up-to-date on the risk & 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.



  • The future of operational risk
  • Emerging risk dynamics & evolving regulations
  • Risk & compliance strategy and risk management in digital era
  • A strategic approach to strengthen your risk culture and to mitigate anti-money laundering and fraud for greater efficiency
  • Conduct Risk Modelling: what works and what doesn't!
  • Building a sustainable multidiscipline risk program and Role of AI, Big Data, Machine Learning & DLT
  • Structuring and coordinating the three lines of defence and vendor risk management
  • Reviewing the structure of the operational risk function including the ability to cope with emerging risk
  • Operational stress testing scenario analysis - emerging best practices


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
Key Industries:
  • Banks & NBFCs
  • Asset Management
  • Insurance
  • Stock exchanges, commodity exchanges
  • All kinds of financial Institutions
  • Advisories & management consultancies



  • 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

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