Title: Financial Risk Management 2025 and Beyond
About the event: It’s 2025 and risk functions in banks and financial institutions are reeling under fundamental change. Financial Risk executives and managers around the world are compelled to understand modern-day priorities and work towards building a robust risk transformation agenda for the future. The age-old maxim change is the only constant, that cannot be more relevant and true for the financial industries. The recent years have witnessed unprecedented changes, led by rapid technological change, surge in digitization and advanced analytics. These factors coupled with the shifting geopolitical environment, regulatory changes, interest rates, etc. further have necessitated a transformed risk management strategies. Financial institutions have been the forerunners in introducing significant changes, with the need for businesses across industries to reorient their strategies and restructure their operating models and functions for optimal adaptation and transformation. Risk functions in financial institutions are key players in navigating the ongoing transformation and helping businesses steer through changes and transition, respond to the changes and enable sustainable growth. Drawing on the need and demand to empower risk managers and aspiring practitioners, SkillSchool organizes a one-day in-depth learning and navigation towards 2025 and beyond.
What’s in it for you?
Participants will also explore four major areas and develop a comprehensive understanding of how risk functions are modelled around these emerging trends.
Data and Tech Investments: Efficient and quality data management is the bedrock for advanced analytical techniques. Financial institutions are increasingly relying on legacy data to acquire richer insights. The most recent and advanced technologies that have entered the risk management landscape are AI-driven solutions and on-demand analytics. These functions enable the optimization of risk management and enhance effectiveness. Financial risk functions today must focus on developing a broader technology vision and integrating a strategic roadmap in conjunction with other aspects and areas of the organization. Financial organization’s continued investments in data and emerging technologies are projected to drive productivity growth within risk functions.
Sustainable Growth: Analyzing future trends will take shape as the new mantra, a shift away from the traditional method, where financial institutions will need to focus on projects that drive a proactive risk management approach to ensure attaining sustainable growth. Financial institutions and organizations are impacted by the low interest rate and high debt environment, and thus focusing on stress testing and scenario analysis have become primary factors in managing risks.
Shifting Risk Ecosystem: The risk profile for financial institutions also includes non-financial aspects, which need increased focus. The non-financial risks include ESG, Cyber risks, Money laundering, Fraud and Operational resilience. The growing reliance on third or fourth or complex networks has magnified this impact. Financial organizations must shuffle and restructure their risk functions in depth and breadth to navigate these changed dynamics.
Fostering cross-functional and integrated approach of risk management: Building a holistic and integrated risk management approach is key financial institutions are called to action. Transforming risk functions and making them more business-centric is essential for making them more integrated.
Participants in the event will explore how risk functions are becoming increasingly flexible and dynamic. Sign up today and be en route to exploring a state-of-the-art blueprint to striving towards a transformed risk management approach in banking and finance.
