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Keep first (line) things first: Fostering operational excellence
July 31, 2025 @ 12:45 pm – 1:45 pm EDT
Description:
Operational risk management should be a critical early warning system, enabling boards and senior executives to take proactive action. Yet, many enterprise risk management programs fall short of their promise to manage risks enterprise-wide. How can risk leaders ensure the first line of defense is engaged, empowered, and impactful?
In this session, we’ll explore strategies to strengthen collaboration across the three lines, leveraging insights from PRMIA and AuditBoard research. Panelists will explore how to create a culture where risk assessments, key risk indicators (KRIs), and other metrics drive meaningful action. We’ll discuss best practices to effectively report back to risk owners in the business, foster engagement, and enhance operational risk management to deliver real value. Whether you’re refining your approach or building from the ground up, this session will provide practical takeaways to elevate your operational risk program.
Learning Objectives
- Discuss how operational risk management can act as an early warning system to help organizations take action.
- Apply strategies to cultivate a collaborative and proactive risk culture that strengthens operational risk management and business resilience.
- Effectively report to risk owners to ensure transparency, accountability, and actionability.
Field of Study: Business Management & Organization
Course Level: Basic
Prerequisites: N/A
Advanced Preparation: N/A
CPE Credits: 1
