We successfully held our first internal audit event on the very hot topic of conduct risk and culture in financial services.
It was held in conjunction with Risk Audit Professional Development, Managing Directors Sandro Boeri and Chris Hollands led us through that new minefield, post-LIBOR and the financial crash in the banking sector, where 'banker-bashing' is the norm and a blame culture is still very much evident.
While the subject matter was very broad, it gives a good taster as to what the challenges you will face when conducting audits of conduct risk and culture. It included topics such as:
1) Behaviour in Banking
2) Conduct Failures in Banking,
3) The Root Causes
4) The Response
5) Cultural Risk Management Framework
6) Measuring Culture
7) Role of the Third Line
Sandro is one of the founders of Risk Audit (Professional Development) with a career spanning thirty years in financial services corporate governance in the City of London and internationally.
His main area of specialism is in the field of internal audit, but he has also led the compliance functions of several banks as well as running an operations function. He is a prominent speaker on subjects ranging from corporate governance to motivation in the workplace and runs Risk Audit’s life coaching and mentoring business. As well as fully engaging in professional development, Sandro is a passionate Chelsea fan. He can be contacted at firstname.lastname@example.org for further information.
Chris joined Risk Audit (Professional Development) in 2013. He is a Chartered Accountant who has spent the last forty years working in the financial services industry as an internal auditor, CFO and in operational risk, compliance and latterly seniormanagement.
He specialises in working in a cross-cultural environment and has a broad international background. He is passionate about career development and is involved in a number of university mentoring programmes. He can be contacted at email@example.com for more discussion on this topic.