This essential masterclass provides a practical, step-by-step guide to effective Risk and Control Self-Assessments (RCSAs), a core tool of the Operational and Enterprise risk framework.

Virtual Classroom | 24 June 2026
9.30 - 12.30 CEST

Background
Conducting a refresh of RCSAs? Auditing an RCSA process? This essential masterclass provides a practical, step-by-step guide to effective Risk and Control Self-Assessments (RCSAs), a core tool of the Operational and Enterprise risk framework. While widely used by many firms, RCSAs are frequently perceived as a tick-box exercise simply not delivering enough value. Learn from the expert who facilitated over 100 RCSAs over 25 years; from designing the right methodology, to formulating risks and controls, to producing the final report that makes a real difference, this masterclass delivers a succinct overview of RCSA process, examining common pitfalls and providing solutions that have proven effective over time to derive the maximum value out of the exercise. 
The course is based on Elena’s book: Operational Risk Management in Financial services, which enables continuous learning.

Benefits of attending:
The Masterclass will allow participants to:
•    Learn how to conduct risk assessments effectively
•    Find meaningful ways to formulate risks and controls 
•    Examine the common pitfalls and find practical solutions 
•    Develop a plan on how to make a difference in your workplace

Who should attend:
The masterclass has been designed to appeal to Risk Professionals in the 2nd  Line Risk Department, 1st Line Risk Champions, Internal Audit professionals, and all individuals involved in Risk and Control Self-Assessment process or interested to learn about effective RCSA practices, including:
•    Operational risk
•    Risk Champions 
•    Enterprise risk 
•    Compliance
•    Governance and Control
•    Internal Audit
•    Heads of departments
•    Directors and Senior Executives

Elena Pykhova is a risk expert specializing in strategy, design and implementation of firm-wide risk frameworks, based in London, UK. She is a renowned educator, who for many years has run public and in-house training courses in the UK and internationally for world-leading organisations including the London Stock Exchange Group Academy, The Moller Center, Cambridge University and Risk.net. Elena is also 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 Operational Risk Expert Panel for the Association of Foreign Banks. Elena founded her training and consulting practice, The OpRisk Company Ltd, after 20 years of experience in senior roles at Fortune 500 companies, such as Citigroup, American Express, Deutsche Bank and Banco Santander.
She is an author of a best-selling book, Operational Risk Management in Financial Solutions: A Practical Guide to Establishing Effective Solutions, contributor to Thompson Reuters, Advantage Talent Inc, Risk & Compliance Platform Europe and other news publications.