The Value of Behavioural Risk Management in Financial Institutions
Event Details
Free
Date and Time
Thu, 16 May 2024
12:00 - 13:00
Location
Your event Zoom link is available via IOB Learn, but will also be emailed to you before 11am on the morning of your event.
Event Details
Free
Date and Time
Thu, 16 May 2024
12:00 - 13:00
Location
Your event Zoom link is available via IOB Learn, but will also be emailed to you before 11am on the morning of your event.
In this programme taster event for the Professional Diploma in Leading Cultural Change and Ethical Behaviour in Financial Services, Wieke Scholten PhD will discuss the value and practical application of behavioural risk management in financial institutions. Behavioral risk management is a proven, effective way to better prevent risk events that can hurt financial services firms, their customers, shareholders and society.
Wieke recently wrote a paper on behavioural risk management with Alexandra Chesterfield, head of Behavioural Risk at NatWest Group. Based on this work, she will discuss a practical three-step approach to manage behavioral risk, illustrated with financial services case-studies.
Also in this programme taster event, we'll discuss how the diploma can enhance your career and provide the knowledge and tools to lead and embed effective cultures in organisations.
There is 0.5 CPD hours for the following designations:
LCI- Licenitate Compliance Institute
PB- Professional Banker
CB- Chartered Banker
CBD- Certified Bank Director
CIFD
FCI (Ethics)
FCI (Compliance)
CECA
CFRCP
AFP
Dr. Wieke Scholten
Owner of BR Insights and behavioural risk specialist
• Organizational and social psychologist with 20 years of experience in behavioural analysis in organizations, of which 12 years in financial services.
• PhD in social psychology: her research focused on preventing unethical behaviour (integrity or conduct issues) by revealing team climate perspectives in trading and sales businesses.
• Former Senior Supervisor of Behaviour & Culture at DNB – the Dutch Central Bank and prudential regulator: she was one of the first psychologists hired by the Central Bank after the 2008 financial crisis to build this supervisory expertise.
• Former Head of Behavioural Risk at NatWest group (London based) where she created a dedicated team within the Internal Audit function to conduct independent deep dive reviews across the Group to identify behavioural risk.
• Former Lead Partner of Behavioural Risk at &samhoud consultancy, a Dutch boutique consultancy with a global coverage, specialized in organizational change.
• Lecturer at the Irish Institute of Banking on executive program Leading Cultural Change and Ethical Behaviour and the Certified Banking Director program.
• Author of various publications such as: A Better Approach to Avoiding Misconduct (2022), Harvard Business Review Magazine; Banking on Team Ethics: a team climate perspective of root causes of misconduct in financial services (2018); Bad Apples or Corrupting Barrels: Preventing Traders’ Misconduct (2016), Journal of Financial Regulation & Compliance
