21 May 2019, London
10:00am to 4:00pm
"All Board members and senior management would like to receive MI which is clear, thoughtfully designed and easily understandable. The design of MI is critical, particularly when Boards need to be sighted on and understand the risks an organisation faces on an ongoing basis, and where it is relevant to risk appetite."
FCA (December 2018)
Identifying, gathering and presenting appropriate management information (MI) in a timely and accessible form remains an ongoing challenge for financial services organisations, particularly in relation to risk. This practical one-day workshop will help financial services professionals responsible for risk management, monitoring and reporting understand and apply the principles of effective management information, recognise and develop meaningful and relevant MI in their business and so enhance risk and compliance management in their organisation. Attending this practical workshop will help you to:
This course will be of value to anyone who has risk management, monitoring or reporting responsibilities, particularly those who are new to the area or seeking a refresher of the fundamental principles and approaches.
This workshop uses a combination of trainer input, interactive syndicate work and case studies. Group size is kept to a maximum of 16 to ensure the quality of learning and facilitate sharing of experience.
Eithne McManus has over 20 years’ experience in the financial services industry, in a variety of risk and financial management roles and is now a consultant specialising in risk and capital management, particularly in relation to outsourcing. A qualified actuary, Eithne spent much of her career with City of Westminster Assurance, the UK arm of Irish Life and Permanent, where she was Chief Financial Officer before becoming Chief Executive. After the sale of CWA to Chesnara, Eithne assumed responsibility for risk management and capital assessment within the Chesnara group as a whole, including the design and implementation of appropriate MI for the Board, before leaving in 2007 to establish her own consultancy company. Eithne is a non-executive director at two insurance companies and an asset manager.
|Purpose of risk MI||Understand why risk MI is so important and some of the challenges in designing an effective risk MI pack||
|Risk reporting tools and techniques||To provide an overview of the different tools and techniques available to firms when designing their approach to risk reporting||
|Key Risk Indicators and Key Control Indicators||Key Risk Indicators will be a significant element of any risk reporting pack. This session will focus on the specific techniques and challenges associated with designing and implementing an effective KRI/KCI framework||
|Requirements of Boards for appropriate risk MI and some current key themes in this area||The regulator has a keen interest on how firms ensure the Board receives and understands relevant MI. This session covers current themes in this area: (risk culture and conduct risk, cyber risk, emerging risks and horizon scanning) and considers how these can be linked into an overall Board reporting framework||
|Conclusion||Using your risk information to drive management action and business strategy||
This course can be delivered in-house at a time and location to suit your business and tailored to suit your people and organisation. We can also create bespoke training when something very specific is needed.Please contact us to discuss your requirements in more detail and at no obligation.