A lot of excellent information was presented. Great resource material to follow up on. - Associate Vice-President, Financial Services
University of Saskatchewan

Operational Risk Management West

April 30 - May 1, 2019 · Vancouver, BC
2019 Agenda: Day Two - Wednesday May 1, 2019
8:00 - 9:00        Registration and Continental Breakfast
9:00 - 9:10
Welcome and Opening Remarks from the Chair
Andrew Richardson, Principal, SImplified Risk Management Inc.
9:10 - 10:00
Risk Measurement - Systemic Risk to Strategic Risk
Doug Eveneshen, Chief Executive Officer, Stabilization Central Credit Union
  • Systemic Risk - what matters and measurement
  • Human behavior in measurement
  • Treatment of strategic risk in decision-making
  • Measurement of risk not taken
  • How do you measure fear
10:00 - 10:15        Networking Break
10:15 - 11:00
Introducing and Delivering the Three Lines of Defence Model
Dan Heaman, Vice President, Enterprise Risk Management, Peoples Trust
  • Starting out the second line - risk supporting the business
  • Getting buy in from the first line - how operational risk management comes to be seen as adding value
  • Keeping roles distinct between second line and third line - working with Internal Audit
  • Keys to effective communication and reporting
11:00 - 12:00
Creating Security Metrics for the CISO Organization
Neil Rerup, President and Chief Security Architect, Enterprise CyberSecurity Architects
  • Key components of a KRI capability in the context of data analytics
  • In-depth understanding the value adds and objective a KRI process
  • Identifying and designing an effective and powerful group of relevant KRIs
  • Setting appropriate thresholds to reflect risk appetite and risk tolerance
  • Identifying and implementing a strong leading KRIs
12:00 - 1:00        Luncheon Break
1:00 - 2:00
Operational Risk: Pitfalls, Perils, and Penalties
Norman Baldwin, Managing Partner, DDR Brasil Risk Consulting
  • Risk categories vs. linkages: it’s complicated
  • Gaps, appetites and tolerances: a best guesstimate
  • Lines of defence: so many models, so little time
  • Internal controls and strategy: victims of neglect
  • Price tag: the Fram oil filter axiom
2:00 - 3:00
Debunking ERM: Common Myths and Misperceptions around ERM and how Vancity is Debunking them
Yvette Wu, Director, Enterprise Risk Management, Vancity
  • I got 99 problems but Risk ain't one
  • Risk always says “no”
  • Risk management is boring (yawn)
  • A strong risk culture means “we don’t take risks”
3:00 - 3:15        Networking Break
3:15 - 4:15
Fostering Sustainability and Value Through Convergent Risk Assessments
Franco Oboni, President & Principal Consultant, Oboni Riskope Associates Inc.
  • Risks generated by cyber, natural and man-made hazards, shows that siloed approaches do not work
  • Cyber risks are not only an IT issue, thus convergent approaches are needed
  • Cyber attacks can generate physical arm through director indirect hits
  • Systemic analyses are paramount to foster better decision-making
  • Sustainability and value increase with the use of convergent risk assessments
4:15        End of Day Two



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