Annual General Meeting 2018 November 2018 The

Transcript:Annual General Meeting 2018 November 2018 The:
Annual General Meeting 2018 November 2018 The Institute of Operational Risk To promote the development of the discipline of Operational Risk and to foster and maintain investigations and research into the best means and methods of developing and applying the discipline and to encourage, increase, disseminate and promote knowledge, education and training and the exchange of information and ideas. Our Mission and Vision To be the professional body of choice for operational risk professionals Our membership The Institute currently has 674 (692) members, including 14 (11) corporate members which include 103 (129) corporate representatives. Individual membership profile is Fellows 22 (22) Professionals 245 (298) Associates 302(230) including Students 189 (78). The Institute has 2 Honorary Fellows. Our membership spreads across 53 Countries and 5 Continents Social Media We have refreshed ownership and approach to the use of LinkedIn. We now focus less on our Group We now more actively post and promote events Since September 2018 we have increased followers from 730 to 866 Our target is 2000 members by this time next year We average 10 new LinkedIn members following every post Our opportunity is to convert these populations into formally joining the Institute and initiatives are underway to focus on this critical activity. We are the only professional Institute which is dedicated to and focussed solely on operational risk. We consider that the discipline of operational risk holistically brings together the individual specialism's involved in managing operational risk: cybercrime, business resilience, information security, culture and conduct to name only a few. The discipline of operational risk captures the operational and people aspects of compliance, credit, market and model risks. We believe that the operational risk professional not only needs a robust toolkit of techniques and methodologies but a much wider skill set covering; people, data, context and environment, business practices and culture. What makes us unique? Where do we stand today? Recognised tests for a professional body. Source CSFI Setting Standards; professional bodies in the financial sector Company Confidential 6 S.W.O.T 7 Company Confidential Strategic Progress Professionalise Set Standards/Act in the Public Interest Ethics, Training and Education 2016 2017 2018 2019 2020 2021 Strategy Agreed Council Changes Improve systems and processes Change Volunteer Model – Long term TOM Chapter/Affiliation Model – widen relationships Conformance Monitoring : chapter governance, educational standards Public commentary on issues that matter Review of the Year since the AGM 2017 Education Chapters Governance including