Overview and Importance of Operation Risk during COVID Times
- August 5, 2020
- Posted by: Mohinee Singh
- Category: Event
Thursday, 06 August 2020, 7:00 PM to 8:30 PM
Operational risk summarizes the uncertainties and hazards a company faces when it attempts to do its day-to-day business activities within a given field or industry. With volatility in the business today, Operation risk is the most important thing someone should consider. Operational risk focuses on how things are accomplished within an organization and not necessarily what is produced or inherent within an industry.
These risks are often associated with active decisions relating to how the organization functions and what it prioritizes. Operational risk sources may be internal or external to the business and are usually generated by people, processes, and technology. Identification is one of the most important areas of managing risk. Failure to identify risk will certainly mean that no action is taken to manage that risk. There are a number of different techniques that can be used to identify risk.
This session will help to understand the overview of Ops risk and its relevance in today’s world.
About the Speaker
Ex- Chief Risk Officer
Srinath Mantripragada brings in practical insight on risk using his vast experience/ expertise of 30 years in banking & 16 years in Risk Management with banks like EmiratesNBD, Axis Bank, Lakshmi Vilas Bank. He has been instrumental in setting up risk frameworks from scratch. His last designation was Chief Risk Officer.
Srinath is a Post-graduate in Science, a PGDBM in finance from XLRI, a higher diploma holder in computer applications and programming from Annamalai University, CAIIB, etc. is a speaker par excellence on Risk in the financial sector. He has been a regular speaker/ panel member in risk forums/ institutions (India and abroad).
He has worked on vast domains in banking and comes with hands-on experience in; banking operations; risk management (including compliance risk, SOX, fraud risk, fraud surveillance, strategic risk, ICAAP, reputation risk, vendor-outsourcing risk, IT/Cyber/IS risk, market risk, credit risk, liquidity risk, etc.); designing, implementing large risk management (includes GRC and SOX) projects/ platforms including risk frameworks from scratch; creating centralized repositories (policies, processes, risks, controls, outsourcing arrangements, insurance, etc.); designing, developing/ changing policies/ processes (inhouse/outsourcing) with built-in risk/controls with a focus on combining common processes and automation; centralized operations setups and implementation (liability/ asset); designing/developing/ implementing of risk appetite statement, aligning business requirements to risk, operational/ credit/ liquidity/ market risks, etc..’