Operational risk management: fundamental principles
About the course
The foundation of an effective operational risk framework relies on the strategic oversight of people, processes, systems and external events to design and assess risks and controls relevant to your organisation. This course covers the principles of operational risk, from conducting impactful RCSAs to setting KRIs, and establishing a clear risk appetite framework.
Participants will explore how organisations identify, assess and manage operational risks using tools, such as RCSAs and scenario analysis. Cohesive sessions will create a more comprehensive view of an organisations risk profile, building the participants understanding of responsibilities are shared among the three lines and how different disciplines, like business continuity and third-party risk, connect.
Through practical examples and industry-relevant case studies, participants will learn how to produce clear, actionable risk reporting, communicate effectively with stakeholders, and support informed decision-making.
Learning objectives
- Develop impactful key risk indicators (KRIs) for better decision-making
- Identify sources of operational risk within your organisation
- Evaluate the effectiveness of controls
- Build an effective risk appetite framework
- Explore best practices for writing effective reports
- Promote a risk-aware culture
- Learn how to perform a scenario analysis
Who should attend
Relevant departments may include but are not limited to:
- Operational risk
- Enterprise risk
- Compliance
- Governance and control
- Audit
- Directors and senior executives
Tutors
Elena Pykhova
The OpRisk Company
Director & founder
Elena Pykhova is award-winning risk expert, author, international trainer and educator. She is the founder of a boutique risk management consultancy, The OpRisk company, specializing in risk transformation, board and executive level advice on effective operational and enterprise risk management strategy, design and implementation. Elena is an author of a best-selling book, Operational Risk Management in Financial Services: A Practical Guide to Establishing Effective Solutions. She is a renowned educator, running public and in-house training courses in the UK and internationally for world-leading organisations including the London Stock Exchange Group Academy, Euronext, Risk.net, the Moller Center Cambridge University, and the Institute of Internal Auditors. Elena is a thought leader, influencer and founder of a prominent industry think tank, the Best Practice Operational Risk Forum. She is a former Director for Education at the Institute of Operational Risk and chair of the Expert Panel for the Association of Foreign Banks. Passionate about the discipline, she founded her training and consulting practice after 20 years of experience in senior roles at Fortune 500 companies.
Courses:
Operational risk management: fundamental principles
ESG integration into operational risk frameworks
RCSAs: designing and embedding in risk management
Enterprise risk management: latest trends and techniques
Registration
October 26–27, 2026
Online
14:00 BST
$2,499
Enquire about:
- Agenda and registration process
- Group booking rates
- Customisation of this programme
- Season tickets options
Accreditation
This course is CPD (Continued Professional Development) accredited. One credit is awarded for every hour of learning at the event.
Enquire now
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