Financial Services Special Interest Group
The ERM in Banking and Financial Services group is suitable for people working in banking, or associated financial services such as asset management. The group will be focusing on the challenges in this sector.
Group aims and objectives
- To bring together risk practitioners within the Financial Services sector
- To share experience and good practice
- To provide a forum for financial services risk specific informed debate
- To harness the expertise of IRM membership for the provision and dissemination of good practice
- To keep good practice guidance up to date
Download the full ERM in Banking and Financial Services Mission and Operating Principles
Download our 2019 annual plan here
Download our 2018 annual report here
Featured articles
"Is disruption a good thing?"
by Shiva Keihaninejad, Sarah Christman and Raza Sadiq
Artificial Intelligence: The new normal
by Ipsita Pradhan
Past events
Visit MyIRM for more information and to download presentations from previous meetings.
Please click here for the write up from the recent Artificial Intelligence in Risk Management event.
Please click here for the write up from the 'Risk Appetite Statements Governance and Implementation' event.
Financial Services SIG - Digitalisation – evolution or revolution and survival of the fittest
This was a session to explore how digitalisation is both a threat and opportunity to the commercial viability of Financial Services firms. The focus would be on how digitalisation can lead to competitive advantage, sustainability or even ruin. This was explored through the lens of:
- digital transformation
- emergent technologies and competitors
- strategic risk management
- the inter-connectedness with resilience concepts
- other industries and what can we understand from their journeys
| Date: | Tuesday, 21st July 2020 |
| Time: | 18.00 - 19.30 BST |
This event was sponsored by:
Broadgate Search Social, In Soda we Trust and TruNarrative
The Evolution of the CRO and Emerging Risks
The IRM Financial Services Special Interest Group is delighted to be partnening with Broadgate Search and would like to invite you to Broadgate Search's next Manchester-based Social.
The discussions will explore how the modern risk and compliance practitioner has embraced new and emerging technologies, cultures and attitudes, and approaches to risks. It will be a good opportunity for the panel (and audience) to outline some of the biggest challenges they’ve had to face in their own respective careers in this regard, the mistakes they’ve made and how they would do things differently, and also how they envisage things will continue to change going forward.
| Date: | Thursday 18 July 2019 |
| Time: | 6pm-9pm |
| Location: |
Click here for agenda and speakers profiles.
Free Event - Blockchain & Banking: Threat & Opportunity
| Date: | Thursday 11 October 2018 |
| Time: | Registration at 18.00. Event starts at 18.30 to 20.00 followed by drinks and networking |
| Location: |
1 Threadneedle Street, London EC2R 8AL |
Free Event - Instinct or Insight: Decision Making in a Crisis
| Date: | Monday 18 June 2018 |
| Time: | Registration at 17.30. Event starts at 18.00 to 19.30 followed by drinks and networking |
| Location: |
1 Threadneedle Street, London EC2R 8AL |
The Institute of Risk Management ERM in Banking & Financial Services Special Interest Group would like to invite you to their next industry event, which is being hosted by Nationwide Building Society.
Please join us for an evening event to discuss how our ‘First Responders’ make decisions in stressful situations requiring acting with speed from both a life and death situation to managing reputational damage which may impact an organisation in catastrophic situation.
Our panelists will include experts with experience in first responder roles and who have applied frameworks for effective decision making in a crisis. They have worked in a number ofindustries & sectors including the military, insurance, IT and cyber, education, and banking.
As places are limited, do register quickly. However, if after registering, you cannot attend, please inform us immediately so those on the waiting list can be registered. Thank you for your understanding.
AI in Risk Management
| Date: | 3rd October 2017 |
| Time: | Registration from 18:00. Followed by drinks and networking, ending at 21:15. |
| Location: | Imperial College Business School, South Kensington Campus |
| Details: | For more information please click here |
Thanks to all the speakers, Imperial, Trestle Group and to Raza Sadiq, Shiva Keihaninejad, Nousheen Hassan, Markus Krebsz and the IRM ERM in Banking and Finance SIG
Have the neural engines been adequately test driven?
As referred to in Ipsita Pradhan’s article (‘AI the new normal’) “Artificial intelligence (AI) dates back to 1956 when it was introduced as a subdivision of computer science, which was expected to operate intelligently and respond as efficiently as humans. True Artificial intelligence (AI) is programming to mimic humans’ way of thinking.”
Our event on 3rd October 2017, in partnership with the Trestle Group and Imperial College Business School aims to gather experts in the field of AI Technology (IBM, Microsoft, Google and 4th IR) and explore questions around how AI already has and will further transform the way we manage risk in the financial services industry.
The experts’ experience range is extensive as solution providers. They also have deep knowledge and first-hand experience in key challenges faced by financial services and the ‘pressure points’ which could do with a new paradigm. The panel will also address the wider impact to society as a result of AI. One aim of AI is to better manage big data and help simplify complex decision-making, possibly leading to better predictive solutions. Our panel will discuss both the opportunities in this area as well as the areas of caution.
Overview by Raza Sadiq (Chairman – IRM-SIG in ERM in Banking & Financial Services)
This event qualifies for 2 hours of CPD. Places are limited.
FinTech: The Good, The Bad and The Ugly Side of Disruptive Technology
| Date: | 20th March 2017 |
| Time: | 08:30 - 10:30 |
| Location: | EY, 25 Churchill Place, E14 5EY |
| Panellists: |
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| Introductions: |
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Conduct Risk - Bridging the Cultural Divide
22 September 2016
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Agenda
Panelists included
Event follow-up articles |
Contact us:
Group Chair: Sarah Christman
Secretary:
Core Members:
Oliver Breen, Nousheen Hassan, Shiva Keihaninejad, Darius Mayhew, Ipsita Pradhan, Raza Sadiq
Advisor: Markus Krebz
Discussion forum: Take part in the latest discussions on the group's discussion forum.