On September 18, BELRIM organized together with PRMIA (Professional Risk Managers’ International Association) an Exchange on operational risk management.
Cathérine Van Doorselaer, ORM Manager ING Belgium gave insights on the management of operational risks within a financial institution. She shared with the audience the way a bank deals with the qualification and quantification, as well as with the controls of the different risks.
Jo Willaert, Corporate Risk Manager Agfa Gevaert, shared his experience of the setting up of an Enterprise Risk Management methodology, and the strengths, threats and pitfalls of such a set-up and follow-up. He gave us insight in the way an industrial company could classify and prioritize her operational risks.
The presentation of both methodologies of, on the one hand, a bank, and on the other hand, an industrial organization, was an enrichment for both the services / industrial world and the banking world.
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“If you don’t invest in risk management, it doesnt matter what business you’re in, it’s a risky business,” Goldman Sachs president Gary Cohn.