Masterclass: Risk and Control Self-Assessments (RCSAs)

Masterclass overview:

This two-hour masterclass provides a practical, step-by-step guide to effective Risk and Control Self-Assessments (RCSAs), a core tool of the operational 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 the common pitfalls and providing solutions that have proven effective over time to derive the maximum value out of the exercise.

The training is based on Elena’s book: Operational Risk Management in Financial Services, which enables continuous learning.

Learning outcomes:

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

Interested in taking any of our workshops in-house?

Whether you are seeking to upskill your team, enhance productivity or foster a culture of continuous learning, we can deliver customised training programmes designed to meet your specific needs. If you have an enquiry, you can complete the in-house form and our training team will be in touch with next steps.

IN-HOUSE TRAINING

Area of expertise:

Prudential risk, reporting and tax

Elena Pykhova

Trainer

Elena Pykhova is award-winning risk expert, author, international trainer and educator. She is the founder of a boutique risk management consultancy, ...

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 Euronext, 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.

The masterclass has been designed to appeal to risk professionals in the 2nd Line Risk Department as well as 1st Line Risk Champions 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