England and Wales Chapter

The England & Wales Chapter of the Institute of Operational Risk exists to support the IOR’s members in the region. The Chapter was established in 2012 and has provided many successful events over the years. The chapter continues to evolve and grow. We believe that the IOR, as a professional institute for operational risk management, should set an example for good governance and sound management. The Chapter is governed by a Chapter Executive Committee with clear assigned roles and responsibilities within the leadership team.

We aim to deliver value for money to our members by offering a variety of events, including interactive workshops, seminars presented by top industry professionals and networking events (most of them are free of charge for members). We will also continue to partner with other organisations to offer access and discounts at their events for our members. Please see our programme of upcoming events at the bottom of this page. We also aim to strengthen our membership base so you can make the most of networking opportunities.

Operational risk management has never been more important and is a focus of global and national regulators. We will keep you updated on material regulatory developments through ad hoc briefings and insight papers (as well of course as through events).

Please click here to see our comments on the PRA (CP29/19) and FCA (CP19/32) Consultation Papers on Operational Resilience: Impact tolerances for important business services.

We also want to be closer to you and get in touch more often via email, social media and the IOR website. Of course, we will also want to hear back from you about the things you like and where we can improve. The Chapter welcomes suggestions from members for events and activities both in London and elsewhere in England and Wales – please email suggestions to david@ndsconsulting.org

Chapter Governance – Executive Committee

Executive Committee Member Profiles

David Goodyear

• Chairman

On 1st March 2021, David became Chair of the Institute of Operational Risk in England & Wales after serving as a member of its Executive Committee since early 2020 and being a long-term supporter and practitioner of Operational Risk in Financial Institutions.

David had over 30 years banking experience including senior roles in Risk, Operations and Front Office at MUFG, a GSIFI Bank. He has designed, led and delivered strategically important projects including: Benchmarking to UK and BIS regulatory requirements; Establishing independent risk management frameworks; Risk Appetite & Governance; Enterprise Risk; Operational Risk Management Frameworks; Operational Resilience and Operations Management.

David has a PhD in Chemistry and has in depth experience in Operational Risk from both a first and second line perspective gained through a wide range of positions held including Managing Director of Operations, Deputy CRO, Deputy General Manager of London Branch and a Senior Manager in the Dealing Room. This includes practical experience of operational risk, control environments, risk appetite/ tolerance, operational resilience, cost control & reduction, culture and governance.

Armel Massimina

• Head of Membership and Head of Membership and England & Wales Chapter: Midlands and North Regional Head

Armel is an Enterprise Risk Account Manager at Pay.UK. He joined the IOR in 2014 and has over 10 years of experience in financial services, mainly acquired within retail banking.

Armel has worked for several banks where he has successfully supported the implementation, enhancement and embedding of risk frameworks.

He holds qualifications in Business and Finance and Risk Management in Financial Services.

Brian Thornhill

• Head of Strategy

Brian is an Associate Director in Deloitte’s Financial Services Risk Advisory Practice.

He previously served as a prudential technical specialist at the FCA and its predecessor organisation the FSA.

He has extensive experience in the delivery of regulatory reviews and remediation support, including operational risk, risk management frameworks, governance and oversight, stress testing, reverse stress testing, wind-down and recovery planning assessments for CRDIV and BIPRU firms.