AFB Virtual Seminar: Implementing the DORA Requirements for Third Party Risk Management

The European Supervisory Authorities published the first set of final draft regulatory technical standards (RTS) under the EU regulation Digital Operational Resilience Act (DORA) in January 2024.  The primary focus of DORA (and the RTS) is to enhance the digital operational resilience of the EU financial sector, by strengthening financial entities’ Information and Communications Technology (ICT) third-party risk management (TPRM) and risk reporting frameworks.

We are delighted to partner with experts from Baringa’s Risk and Regulatory Control practice for this virtual seminar.  The team at Baringa will share guidance on identifying, assessing, monitoring, and mitigating risks associated with the use of third-party vendors, suppliers, contractors, or partners.

Why attend?

The seminar will focus on TPRM, which has been flagged as a key issue for many organisations implementing DORA.

Baringa will provide members with valuable insights on how firms are evolving their approaches to increasingly complex TPRM – from assessing risks and ensuring due diligence has been conducted, to considering documentation provisions and contingency planning.

Who should attend?

This session is aimed at those working in Third-Party Management, Compliance, Risk, Operations, Legal and Internal Audit.

What will members gain for use at their bank?

• An overview of the evolving EU regulatory landscape for TPRM
• Understanding of the crucial relationships necessary for effective risk mitigation
• Identification of relevant key points from recent DORA RTS

Speakers

Salina Ladha, Partner

Salina is a Partner within Baringa’s Risk and Regulatory Control practice and leads Baringa’s strategic resilience offering. She has worked at the Prudential Regulation Authority, Bank of England and HM Treasury, and has a deep understanding of regulatory expectations. She has worked with a range of financial services clients to help them respond to changing requirements around operational resilience and third party risk management, both in the UK and internationally. Salina is currently deputy chair of the TISA operational resilience working group.

Jessica Van Droogenbroeck, Senior Consultant

Jessica is a member of Baringa’s Risk and Regulatory Control practice and has a range of experience supporting across regulatory compliance and risk advisory projects including on strategic resilience, third party risk management and risk and controls. She has supported global banks deliver complex front to back change programmes in evolving regulatory environments to meet consent orders and strengthen overall resilience and in currently supporting an insurance firm with a review of their DORA programme in light of the recent RTS.

Adele Turner, Director

Adele is a member of Baringa’s Risk and Regulatory Control practice with wide-ranging experience in non-financial risk and resilience in financial services, having led a number of regulatory- and transformation-driven projects. She specialises in digital, data and technology developments and previously worked in first line risk and control. Adele is currently supporting a number of Baringa’s clients with their DORA programmes ahead of the January 2025 deadline.

Logistics

Cost:        Included in AFB membership (no fee)

Location:  Online via Zoom

Date:        Thursday 2 May 2024

Time:        09:00 – 10:00

There will be ample opportunity for questions throughout the session, however, if you would like to submit a question before or have any specific questions or areas that you would like the session to address, please send them to the AFB at secretariat@foreignbanks.org.uk as soon as practicable. You will receive details on how to join this virtual session a week before the event.