Programme for Operational Risk Jakarta

Programme for Operational Risk Jakarta

Operational Risk

23-24 April, Jakarta

Day 1

09:00

Registration

09:30

Fundamentals of operational risk

  • Operational risk trends and emerging risks
  • Governance of operational Risk: roles and responsibilities
  • Business value of Operational Risk Management

10:30

Examining industry trends and challenges in conduct risk

  • Defining, measuring and managing conduct risk
  • Conduct risk across the first line of defence
  • What are the fundamental drivers of misconduct in the financial services industry?
  • What are the potential vulnerabilities in firm’s cultures that may lead to misconduct events?
  • Assessing the most effective strategies to improve conduct, culture and customer experience

11:30

Morning coffee break

12:00

Taking a comprehensive approach to Operational Risk Management (ORM) 

  • Assessing bank’s existing risk profile
  • Implementing ORM across all business areas and into bank’s ERM structure
  • Developing key risk indicators (KRI) that serve as early warning signs of potential problems

Martinus Bunadi, Operational Risk Management Division Head, BANK SINARMAS

13:00

Lunch

14:00

Using technologies for AML detection and advanced prevention 

  • Key risks and threats: mass-market systems and their limitations
  • Leveraging machine learning and data analytics for advanced detection and prevention
  • New and future threats, and how to stay ahead of the curve
  • Transition screening and monitoring using the latest technologies
15:00

Essentials of a cyber-security framework: Cyber risk war games

With the advancement of technology cyber-attacks on financial institutions have been one of the most problematic issues for enterprises. Though investing on technologies can effectively prevent large numbers of cyber risk attacks, however, some incidents will escalate into significant business crises. Even with well-documented response plans, few organizations are sufficiently prepared. Because the threat landscape changes rapidly, responses cannot be perfectly scripted.
    
Here in this session we will simulate a real life cyber risk attack. Midway during the exercise, there will be an added challenge. This will test Operational Risk Heads and Managers in groups will be asked to actively think on their feet and come up with a plan to counter these challenges.  Group leaders will be asked to present the solution towards the end of the session.

16:00

Afternoon break

16:00

Operational risk stress testing – a practical approach

  • Developing effective stress tests for operational risk
  • Ensuring data and systems are in place for stress testing
  • Why stress testing is vital for risk management and decision making
  • Successful case studies

17:30

End of Day 1

Day 2

09:00

Registration

09:30

Three lines of defense in risk management

  • Before the Three Lines: Risk Management Oversight  and Strategy-Setting
  • Implementing effective risk management practices for risk management 
  • Identifying trends, emerging issues and opportunities for change
  • Understanding the Interaction between the first, second and third lines of defense
10:30

Practical application of AI and ML in operational risk while balancing innovation with security

  • Auditing AI and Machine Learning outcomes
  • Strategic partnerships and use of data
  • Implementing AI in a proper and managed way whilst satisfying duty to customers
  • Ethical considerations: Should AI be reading into personal life
  • How algorithms interact with other algorithms

11:30

Morning break

12:00

Vendor and third party risk management

  • Understanding vendor and third party risk (eg: API)
  • Monitoring and managing the relationship in an operational risk framework
  • Formulating an effective end-to-end risk assessment framework
  • Risk assessments techniques – is this vendor right for you?
  • Managing objectives expectations and requirements of third parties

Martin Leo, Managing Director, Regional Head of Technology Business Controls, STATESTREET

13:00

Lunch

14:00

Applying effective data governance and risk analytics to gain competitive advantage

  • Keeping up with the growing demands for quicker and more detailed risk intelligence
  • How advanced risk analytics effectiveness can be enhanced when internal data is supplemented by external data?
  • Identifying tools to support massive amounts of structured and unstructured operational data
  • Grey areas for cyber risk policies and data privacy -  a new challenge

Martin Leo, Managing Director, Regional Head of Technology Business Controls, STATESTREET

15:00

Is talent risk a growing concern in Indonesia?  

  • Addressing challenges in attracting and retaining talent within the financial sector
  • Understand the risk in talent management — how will this impact the organization’s ability to achieve business goals
  • Can existing talent adapt to the jobs of the future?
16:00

Afternoon break

16:30

Discussion: The risk manager of the future

  • FinTech and new operational risk challenges in the year to come
  • How has operational risk evolved over time?
  • What will be the top regulatory requirements and risk priorities in the coming years?
  • Hidden operational risks
17:30

End of Day 2