The use of emerging technologies to strengthen the operational risk function
Operational risk continues to be a priority for financial institutions. The changing and complex regulatory environment creates challenges for financial institutions and makes it hard to monitor, govern and manage operational risk, and ensure compliance. This priority has been further elevated due to COVID-19. Operational risk leaders need to stay up to date with the latest technologies to ensure they operate their business safely and effectively, they can continue to serve their customers, and they can engage with third parties. Evolving technologies such as cloud, AI/ML and RPA can play a pivotal role in enhancing operational risk programs and help tackling emerging compliance and cyber risks.
In this panel, we will assess how advanced technologies can assist with strengthening the operational risk function to enable better management of data, identification and classification of emerging risks, and better real-time decision making.
Webinar agenda includes
- Appreciating the need for advances in data and analytics to improve issue detection tools in operational risk
- Identifying how technology can improve data quality and the speed at which information can be analyzed to enhance risk identification
- Evaluating the benefits of cloud to strengthen information security and third-party management
- Exploring the use of AI and ML in operational risk management to aid decision making
- Managing the increased pressure of automating processes due to the new remote working environment
Speakers:
Vivek Sinha, CEO, Janus Advisory and Consulting Services
Lauren Berrington, Chief Audis Executive, Bidvest Group Ltd
Eric Ferri, Executive Director, Operational Risk, Ally Bank
Nick Diieso, Director, Global Head of Operational Risk — Markets and Securities Services, Citi
Bassel Korkor, Vice President, Operational Risk Management, Charles Schwab
