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.

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 Pykhova’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 2^nd  Line Risk Department, 1^st 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

 

Course Tutor 

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, with second edition issued in 2024 and translated into simple Chinese. Based in London, Elena 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. She 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. Elena is a non-executive director at Women in GRC and Financial Crime Prevention, promoting and supporting future talent.



Methodology

Learning tools
The workshop will take place on the Zoom platform.

Learning material
The course material will be provided to the delegates in pdf format the day after the course has taken place.

Certificate of attendance
The certificate of attendance will be sent in digital format after the end of the  course.