Not If, But When: Governing Operational Risk and Resilience at Board Level
Event Details
Free
Date and Time
Tue, 9 June 2026
13:00 - 13:30
Location
Your event link is available via IOB Learn
Event Details
Free
Date and Time
Tue, 9 June 2026
13:00 - 13:30
Location
Your event link is available via IOB Learn
The session will focus on the shift from traditional risk management to resilience, ensuring that critical services can continue through disruption, and the expectation that boards take direct accountability for preparedness, response and recovery across financial sectors. It will emphasise that disruptions, including cyber events, should be assumed rather than avoided, with a focus on how boards can prepare for, manage and recover from severe but plausible scenarios.
Drawing on regulatory developments and practical experience, Paul will outline what effective board level governance of resilience looks like in today’s financial sector.
This event will automatically close midnight the day before or if its fully booked.
There is 0.5 CPD hours available for this event for the holders of the following designations:
Licentiate of Compliance Institute
Professional Banker
Chartered Banker
Fellow of Compliance Institute (Compliance)
Certified Bank Director
Certified Investment Fund Director
Regulatory Reporting Professional
Paul Williams
Managing Director, Phoenix Resilience
Paul Williams is a senior independent advisor specialising in operational resilience and risk in financial services, with a career spanning investment banking, financial regulation and international advisory work. Paul spent eight years at the Bank of England, latterly as Head of Division within the Prudential Regulation Authority, where he led specialist supervision of non-financial risk, including cyber, IT, and third-party risk across the UK financial sector. He was the principal architect of SS1/21, the PRA/FCA supervisory statement on operational resilience that now underpins how all regulated UK financial institutions manage operational resilience.
Before joining the Bank of England, Paul held senior roles at RBS, including Head of IT for RBS Americas and Programme Director for a £0.5 billion capital investment programme addressing technology and building infrastructure resilience. He also led enterprise-level technology integration following the acquisition of ABN Amro. Since moving to portfolio advisory work, Paul has been appointed Senior Technical Expert at the International Monetary Fund, advising central banks and regulators internationally, serves as a Board Member of the EIS Council, delivers modules as part of a cyber risk course for the EU Supervisory Digital Finance Academy at the European University Institute and is a commissioner on the UK’s National Preparedness Commission.
Diarmuid Murphy
Director of Executive Education, Sustainability & International Markets, IOB
Diarmuid is Director of Executive Education, Sustainability & International Markets with IOB. Diarmuid joined IOB in January 2025 and currently leads IOB’s extensive commitments to support ESG, culture, diversity, and inclusion within the financial services sector.
He also leads IOB’s executive education portfolio and the growth of IOB’s offerings internationally. Before joining IOB, Diarmuid spent over two decades at the Central Bank of Ireland, and has held roles in the sustainable finance unit at the European Commission (DG-FISMA), as well as in the markets and crisis management areas at the European Central Bank and the International Monetary Fund.
He also undertook a fellowship at the Bank for International Settlement’s Financial Stability Institute. Diarmuid teaches comparative central banking as part of Warwick Business School’s Global Master’s.
