We have recently established The JADEtc Partnership to provide Consulting Support and Training on Operational Resilience and Operational Risk. We have almost 100 years of practical experience gained at the regulator, in large financial institutions and in consulting between us. We recently led a 1-day Masterclass in Operational Resilience at the New Generation Operational Risk Conference for the IOR and spoke on Operational Risk at the Main Conference.
Between us we have the experiences and skills to support your journey to Operational Resilience. Operational Resilience is a major focus of global regulators under the auspices of the BIS BCBS Operational Resilience Group (ORG). The UK regulators set out their proposals in Consultation Papers published in December 2019 and all firms affected are now considering how to meet the new requirements (which were originally due to be published in 2H 2020 and take effect in 2H 2021).
Operational Resilience is an outcome and firms should leverage, to the extent possible, their existing frameworks (especially Operational Risk Management) and tools to deliver the desired regulatory outcomes.
There is evidence that having transitioned into crisis management mode to deal with COVID-19, many firms are now focusing attention on Operational Resilience and this is certain to be an even greater focus of global regulators.
Andrew Sheen (AJ Sheen Consulting)
David Goodyear (NDS Consulting)
Jimi Hinchliffe (NJ Risk and Regulatory Consulting)
JADEtc - Who we are
Jimi has over 25 years’ experience in operational risk, compliance and regulation. After completing his PhD. on financial regulation and public choice economics, Jimi joined the UKFSA where he worked first as an operational risk policy specialist, then as a bank and investment bank supervisor, and finally as the lead on Basel 2 Implementation in Wholesale Firms. He then joined a GSIFI and for 8 years led teams on regulatory affairs, risk and compliance policy.
Since 2016 he has run his own risk consultancy supporting a range of clients on operational risk and regulation, including operational risk framework development, GRC implementation, RCSA, operational resilience and risk appetite.
Since 2017 Jimi is also Chair of the Institute of Operational Risk England & Wales. Jimi is a Fellow of the IOR and a Technical Specialist of the Institute of Risk Management.
Andrew is best known for the years he spent at the UK regulator, firstly at the FSA and subsequently at the PRA.
In his time with these authorities Andrew was manager of the Operational Risk Policy Team before moving to head the team responsible for providing Operational Risk subject matter expertise to supervisors.
Andrew also represented the regulator on the BCBC and EBA Operational Risk working groups.
David is a highly experienced Managing Director covering Operations, Risk Management and Treasury & Trading. He is a Leader and Risk SME from both a first and second line perspective.
He has successfully led major programmes including regulatory requirements, independent risk management, strategically important initiatives, functional integration, location strategy and governance.
He has in depth practical experience of resilience, risk management, operations management, risk appetite/ tolerance, control environments, cost control & reduction, location strategy, culture and governance.