BCBS 239 Principles of Effective Risk Data Aggregation and Risk Reporting

Duration: 60 Minutes
COSO continues to provide guidance and establish standards for performance in risk related processes. BCBS 239 is the latest in a series of instructions which focuses on risk data aggregation. This webinar will include discussions on the risk data aggregation capabilities and internal risk-reporting practices (the Principles) that enhance risk management and decision making processes at financial institutions.
Risk Data Aggregation and Risk Reporting
Instructor: Daniel Clark
Product ID: 504996
Objectives of the Presentation
  • Understand the background and introduction of BCBS 239
  • Obtain in depth knowledge regarding each principle of COSO standards
  • Develop techniques to assure implementation of processes that support successful compliance
  • Create ways to assure that data is accurate, has integrity and can be relied upon to make decisions
Why Should you Attend
Early in 2015, the Basel Committee published the second progress report on bank’s adoption of BCBS 239. Several banks, at that time, stated that they would not be able to comply with the new standards by the 2016 deadline date. However, regulators are now looking at how institutions are prepared to comply with COSO standards in their examinations. Banks can expect review and commentary in this area from whichever regulator visits.

Areas Covered
  • Background and introduction of BCBS 239
  • Risk data aggregation capabilities
  • Risk Reporting
  • Governance techniques over data gathering and data management
  • Improvement to speed and accuracy of senior management reporting
  • Monitoring and managing risks through data analysis
  • Strengthening board reporting
Who will Benefit
  • Audit Managers and Directors
  • Chief Auditors
  • Auditors
  • Risk Managers
  • Operations Leaders
  • Operational Risk Managers
  • Regulators
  • Bank Examiners
  • Quality Control Staff
  • Corporate Trainers
Topic Background
Adherence to the COSO principles was mandatory for affected banks by January 1, 2016. Affected banks are Globally Systemically Important Banks (G-SIB). Notwithstanding the designation of these banks, all financial service companies should consider implementing these principles as they represent best practices in the area of risk aggregation and reporting.
$300
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Recorded Session - How it works
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  • Upon purchase of the recorded session a link will be updated on your OCP Account within 24 hours
  • Please click on the link to access the Recorded Session
  • Presentation handouts in downloadable PDF format will be updated on your OCP Account within 24 hours of the purchase of the product
  • Download the Certificate of Attendance and Purchase Invoice from your OCP Account after 48 hours of the product Purchase
  • Please share your valuable Feedback at the end of the session
Instructor Profile:
Dan has over 25 years of experience in Financial Services from regional banks to global giants like Citigroup and GE Capital. His early career roles included: sales, credit risk management and operations. For the last 18 years he has been fully focused on Risk Management and Internal Audit. His experience as Chief Auditor in two regional banks and as a senior officer in Audit and Risk Review for Latin America provides unique insight into management practices in and outside of the United States. He is also a recognized expert on GRC, a Public Speaker and Blogger and has written a book; Dare to Be Different: An Auditor's Personal Guide to Excellence: that has been well received by the audit community.
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