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Event: Cyber and Operational Risk Management
Sponsors:
Date/Time: 30/04/2019 - 01/05/2019 - All Day
Location:
Details:

Riskope will present Fostering Sustainability and Value Through Convergent Risk Assessments at infonex’s Cyber and Operational Risk Management in Vancouver B.C.

Cyber and Operational Risk Management

Riskope’s presentation will discuss holistic and convergent approaches. Indeed, Risks generated by cyber, natural and man-made hazards, cannot be tackled by siloed approaches do not work
• Cyber risks are not only an IT issue, thus convergent approaches are needed
• Cyber attacks can generate physical arm because of direct or indirect hits
• Systemic analyses are paramount to foster better decision-making and finally
• Sustainability and value increase with the use of convergent risk assessments

Cyber and Operational Risk Management

Cybersecurity ranks as the #1 priority for financial institutions today. That is mainly because cyberthreats affect all functions within the organization and there is an increasing number of actors.

Also, Operational and compliance risks have become complex and entwined. Indeed the potential for failed processes that govern control breakdowns had grown tremendously.

Thus a holistic governance approach bringing the entire risk portfolio of an organization together, is nowadays OpRisk leaders preferred way.

It is therefore paramount to mitigate risks with an eye to the big picture.

Meanwhile many risk leaders feel overwhelmed by the scale and breadth of potential threats.

Infonex’s Operational Risk event, now in its 14th year. The conference will provide strategies for mitigating risk in the current regulatory environment.

Riskope’s presentation Fostering Sustainability and Value Through Convergent Risk Assessments covers indeed many angles within the conference’s scope.

Go Beyond a One-Size-Fits-All Approach!

  • Exceed regulatory expectations for management of cyber and operational risk
  • Set the right expectations for cyber and operational risk resilience
  • Identify controls of digital transformation
  • Explore root causes of operational risk events
  • Introduce business process mapping to your toolkit
  • Develop a risk culture framework
  • Go ahead of the curve on the moving target of cyber
  • Embrace the new rules for capital modeling and finally
  • you will be able to discuss what the future holds for cybersecurity and operational risk in business!

Who Should Attend This Event

Risk officers
Vice-Presidents and Directors of Enterprise Risk Management
Operational Risk Professionals
Information Security
Information systems
Business Continuity
Outsourcing
New Initiatives and Change Management and fnally
Internal Audit

Information Technology

 

Past Events

Event: SYMPOSIUM 2018 ROUYN-NORANDA MINES AND THE ENVIRONMENT
Sponsors:
Date/Time: 18/06/2018 - 19/06/2018 - All Day
Location: Centre des Congrès de l’hôtel Gouverneur de Rouyn-Noranda, Centre des Congrès de l'hôtel Gouverneur , Rouyn-Noranda,
Details:

SYMPOSIUM 2018 ROUYN-NORANDA MINES AND THE ENVIRONMENT SUR L’ENVIRONNEMENT ET LES MINES

Riskope was asked to present a paper at  SYMPOSIUM 2018 ROUYN-NORANDA MINES AND THE ENVIRONMENT SUR L’ENVIRONNEMENT ET LES MINES.

We are pleased to present below the abstract of the article we wrote with MDA for this event.

In this paper we demonstrate how Space Observation and Quantitative Risk Assessment synergy delivers value to the mining industry. The term Space Observation refers to a mix of radar and optical satellite image data, as well as specific algorithms. These constitute the input to a Quantitative Risk Assessment (QRA) platform. We describe a QRA platform capable of using that “Rich Data” context to deliver an enhanced, updated risk landscape of a project or operation. The QRA platform has to be updatable, scalable, drillable and convergent to maximize benefits.

This paper provides examples of specific applications this joint technology provides to miners.

The paper allows for better Risk Informed Decision Making, which in turn generates value.

The marriage of rich data context with an optimized risk assessment platform brings significant advantages to mining end-users, whether they are mining managers, tailings stewards, other key stakeholders, or the general public.

Preliminary quantitative risk off-line studies, using multiple data sources, deliver initial estimates regarding probability of occurrence of various failure modes, consequences of those failure modes, and preliminary alert thresholds. They also provide results that assist in the setup of emergency procedures.

Thanks to Space Observation technologies, it is then possible to confirm and gradually calibrate extant data. Then to validate old reports and their assumptions.

An additional key benefit comes from high resolution imagery. We can use it to rather inexpensively perform quantitative analyses of surface features, volume measurements, and other terrain calculations. Furthermore one can use these analyses to verify the volume of mass movements. Additionally one can analyze whether they are  the consequence of man-made (construction) or natural (slides, displacements, erosion) hazards.

By virtue of this joint technology it is also possible to:

  • identify emerging crises;
  • check and update alert thresholds and finally, in timely and orderly manner,
  • update probabilities and all other significant hazards and risk parameters.

This allows to understand where projects or operations stand in term of risk mitigation at discrete and up to almost real-time pace, if and when required.

 

Event: Resources for Future Generations 2018 a Keynote Lecture
Sponsors:
Date/Time: 16/06/2018 - 21/06/2018 - All Day
Location: Vancouver Convention Centre, 1055 Canada Pl, Vancouver,
Details:

.Riskope is proud to announce that we got invited to present at Resources for Future Generations 2018 a Keynote Lecture

Resources for Future Generations 2018 a Keynote Lecture

Geoethical consensus building through independent risk assessments

It is common that consultants hired by the “proponents of new projects” and the public strongly disagree in their analysis of significant adverse impacts. One of the components allowing to determine potential adverse impacts should be the risk assessment. However, risk assessments are oftentimes the source of conflict, rather that of consensus.

Indeed, numerous voices are raising around the world to show how misleading and fuzzy commonly used risk assessments methods are. Misleading and fuzzy risk assessment are contrary to geoethics principle and cause public rejection.

This keynote lecture presents a case where, as shown by public records, after two iterations between proponent and the Environmental Impact Review Board consensus was not possible. Thus the latter decided to ask a third party external risk advisor to develop a risk assessment.

The goal was to help the different parties to form a balanced opinion on the significant adverse impacts of the project. Indeed, that balanced and informed opinion constitutes the backbone of a geoethical consensus.

A well documented case history

This keynote lecture delves into the peculiarity of the case study. In particular it shows how to deliver a transparent risk assessment by analyzing various steps. They go from the definition of the system, the assumptions, and limitations to the delivery of the final results.

Interestingly, documents on this case are entirely available on the Environmental Impact Review Board public record. This offers scholars and interested party a rare occasion to see how to use and discuss a quantitative risk assessment to reach consensus.

This keynote lecture also showcases how we define the risk metric, we evaluate probabilities and how we define of consequences. This enables a rational discussion going beyond gut feelings and emotions.

In the case history, this enabled a consensus-seeking discussion. The subject were possible mitigation of the project for a safer and more resilient society. As a matter of fact, after a fierce, healthy public hearing, the proponent updated his views on risk. The study identified stretches of road which may require additional mitigation. The proponent proposed additional mitigation for risk exposing people and the environment. Thus conditions set by the Board were finally met.

 

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