5th Annual BFSI Operational Risk Management India Summit 2024

Operational Risk management has come to the fore since 2021, when it was recognised as a distinct class of risk outside credit risk and market risk, by Basel II. Though the Basel committee has recommended some approaches to measure operational risk, their level of sophistication various across banks. This is also because operational risk is the most complicated type of risk, when it comes to quantification, identification, and mitigation.

Operational risk management is the center of every bank & financial institution's operations. This ongoing process involves risk assessment, risk decision-making, and adopting internal controls to mitigate or avoid different kinds of risks, including cybersecurity risks, compliance risks, third-party risks, behavioural risks, regulatory risks.

Having a robust operational risk management strategy can help banks & financial institutions create more secure and profitable organizations. By incorporating efficient operational risk management strategies & frameworks into the firm's systems, processes and culture, it will allow the firm to operate effectively, execute business strategy, and prevent large-scale or severe risk issues even in times of crisis.

5th Annual BFSI Operational Risk Management India Summit 2024 focuses on the latest issues and challenges and 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.

THOUGHT LEADERS

TOPIC HIGHLIGHTS

  • Emerging risk dynamics & evolving regulations
  • Risk & compliance strategy and risk management in digital era
  • Developing and implementing business continuity plans Strengthening risk management framework in banks and NBFC's
  • Dealing with Third-party/Nth Party Relationships
  • Improve key aspects of your operational risk management framework such as data governance, control design & implementation and risk modelling
  • Frameworks for cybersecurity incidents

WHO WILL YOU MEET?

Functional Heads of:

  • Governance, Risk & Compliance
  • Operational Risk & Banking Operations
  • Enterprise Risk Management
  • Internal Audit & Control
  • Inspection & Supervision
  • Vigilance
  • Fraud & Financial Risk / Crimes
  • Business Continuity & Disaster Recovery
  • Cyber Crimes
  • Information Technology & Security

Key Industries:

  • Banks & NBFCs
  • Asset Management
  • Insurance
  • Stock exchanges, commodity exchanges
  • All kinds of financial Institutions
  • Advisories & management consultancies
  • Fintech & Online Lending

KEY TAKEAWAYS

  • Learn to Identify & mitigate key sources of operational risk and how these arise within the context of banks & financial institutions main business activities
  • Understand the governance structures, systems, procedures and cultural aspects necessary for an organization to successfully manage operational risk
  • Build in-dept knowledge of the main techniques for the measurement and quantification of operational risk and their relative merits and drawbacks, including the importance of strong controls and Key Risk Indicators
  • Gain insights on how you can tackle key emerging risks & threats such as cyber security risks, third party risks & regulatory risks
  • Improve key aspects of your operational risk management framework such as data governance, control design & implementation and risk modelling
  • Learn how to Develop an effective & robust business continuity management & crisis management plan to stay operationally resilient