The financial services industry is witnessing an increasingly complex and dynamic risk environment, with operational risks emerging as a key area of concern. These risks—stemming from internal process failures, people, systems, or external events such as cyber-attacks and third-party failures— pose significant challenges to the stability, resilience, and reputation of financial institutions. Recent large-scale frauds, digital disruptions, and cyber-crimes, have underscored the need for robust operational risk governance at the highest levels of Regulated Entities (REs). Regulator has also stressed on the important role of boards and senior management in ensuring Operational Resilience of REs for 24/7/365. Given the strategic implications of operational risk, it is imperative that the Board members and Senior Executives of REs are empowered to understand, appreciate and manage the REs’ operational risk challenges and lay down strong mitigation measures.
The program aims to empower and enable the Board members and senior Executives of Banks, NBFCs & FIs to manage emerging operational risk in the REs. The program will also deliberate on regulatory expectations, global best practices and strengthen decision-making related to operational resilience and Business Continuity Management. The program will help participants build a more resilient, risk-aware, and governance-focused organizational culture.
The program will deal with the following topics: