RISK CONTROL SELF ASSESSMENT           (RCSA)         PRESENTATION BY – KUMAR NATARAJAN      4th Annual Operational Risk  ...
Agenda for this session• How to identify risks for which RCSA may be deployed?• Why RCSA?• Types of RCSA?• Reporting RCSA ...
Which risks to deploy RCSA?• All Risks• At an appropriate level of granularity• Risks defined in the language of the risk ...
Why Risk Control Self      Assessment (RCSA)?• Survey?• Risk owners opinion or expert opinion?• An opportunity to communic...
Types of RCSA• Whatever works…• Multiple choice RCSA..• Probability and Impact scale based RCSA• Voting and aggregation (w...
Reporting RCSA Results• A top down view for senior management• Heat map – several types available• Need to define reportin...
Sample Heat Maps                                                   Risk 15                                                ...
How to make the process           effective?• Million dollar question…• Consistency in assessment cycle and methodology• R...
Thank Yo       uKumar Natarajan Practicing Operational Risk ProfessionalEmail           : kumar_natarajan@hotmail.comLinke...
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Presentation delivered @ the 4th Operational Risk Forum Dubai.

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  1. 1. RISK CONTROL SELF ASSESSMENT (RCSA) PRESENTATION BY – KUMAR NATARAJAN 4th Annual Operational Risk Management Forum Dubai, 2012 © Kumar Natarajan 2012. Contact: kumar_natarajan@hotmail.com
  2. 2. Agenda for this session• How to identify risks for which RCSA may be deployed?• Why RCSA?• Types of RCSA?• Reporting RCSA Results• How to make the process effective? © Kumar Natarajan 2012. Contact: kumar_natarajan@hotmail.com
  3. 3. Which risks to deploy RCSA?• All Risks• At an appropriate level of granularity• Risks defined in the language of the risk owner• Risks duly mapped to source and• Controls © Kumar Natarajan 2012. Contact: kumar_natarajan@hotmail.com
  4. 4. Why Risk Control Self Assessment (RCSA)?• Survey?• Risk owners opinion or expert opinion?• An opportunity to communicate views on risks• Biggest benefit – Culture building….. © Kumar Natarajan 2012. Contact: kumar_natarajan@hotmail.com
  5. 5. Types of RCSA• Whatever works…• Multiple choice RCSA..• Probability and Impact scale based RCSA• Voting and aggregation (workshop scenario) © Kumar Natarajan 2012. Contact: kumar_natarajan@hotmail.com
  6. 6. Reporting RCSA Results• A top down view for senior management• Heat map – several types available• Need to define reporting parameters.. For e.g. if based on a scale of 1-5 what is one and what is 5? If based on good….bad. What is good what is bad?• Scope to drill down till the risk mapping.• Multiple slice and dice views, risk/product/etc. © Kumar Natarajan 2012. Contact: kumar_natarajan@hotmail.com
  7. 7. Sample Heat Maps Risk 15 Risk 2 Risk 3 Risk 40 Risk1 5 Risk2 © Kumar Natarajan 2012. Contact: kumar_natarajan@hotmail.com
  8. 8. How to make the process effective?• Million dollar question…• Consistency in assessment cycle and methodology• Regular discussion of assessment results with stake holders• Regular reporting and commentary by Operational risk on the assessments to top management. © Kumar Natarajan 2012. Contact: kumar_natarajan@hotmail.com
  9. 9. Thank Yo uKumar Natarajan Practicing Operational Risk ProfessionalEmail : kumar_natarajan@hotmail.comLinkedIn Profile :http://ae.linkedin.com/in/kumar1© Kumar Natarajan 2012. Contact: kumar_natarajan@hotmail.com

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