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Elena Pykhova

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Born

Moscow, Russian Federation

Genre

Business

Member Since

May 2021

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Elena Pykhova is an operational risk executive specializing in strategy, design and implementation of firm-wide operational risk frameworks, based in London, UK. She is an experienced operational risk trainer, running public and in-house training courses in the UK and internationally for world-leading venues such as the London Stock Exchange Academy. She is a thought leader, influencer and founder of a think tank, Best Practice Operational Risk Forum. She is the Chair of the Operational Risk Expert Panel for the Association of Foreign Banks and the former Director for Education at the Institute of Operational Risk. Passionate about the discipline, she founded her training and consulting practice after 20 years of experience in senior roles ...more

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What’s the best thing about being a writer?

Elena Pykhova I am a business writer; the best thing for me is the ability to share my experience and initiate an open debate among Operational risk practitioners, …moreI am a business writer; the best thing for me is the ability to share my experience and initiate an open debate among Operational risk practitioners, especially at times when the discipline is actively evolving.(less)

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How do you get inspired to write?

Elena Pykhova My area of expertise - and my passion - is Operational risk management. No other domain in financial services is so extensive and all-encompassing, ye…moreMy area of expertise - and my passion - is Operational risk management. No other domain in financial services is so extensive and all-encompassing, yet at the same time relatively young and still evolving as a discipline. These factors together mean that Operational risk is perhaps the most exciting and interesting field to explore in the whole financial services sector. The subject inspires me, and I am delighted to be sharing my passion for this fascinating and important topic, and invite the reader to embark on a journey distinguished by three main features – a practical approach, simplicity and engaging insights. (less)

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Elena Pykhova’s books

Average rating: 4.13 · 15 ratings · 4 reviews · 2 distinct works

	Operational Risk Management in Financial Services: A Practical Guide to Establishing Effective Solutions 4.08 avg rating — 13 ratings — 4 editions	Error rating book. Refresh and try again. Rate this book Clear rating 1 of 5 stars 2 of 5 stars 3 of 5 stars 4 of 5 stars 5 of 5 stars
	Operational Risk Management in Financial Services: A Practical Guide to Establishing Effective Solutions 4.50 avg rating — 2 ratings — 3 editions	Error rating book. Refresh and try again. Rate this book Clear rating 1 of 5 stars 2 of 5 stars 3 of 5 stars 4 of 5 stars 5 of 5 stars

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Elena Pykhova's Blog

Developing Risk Thinking

During the COVID-19 pandemic, in addition to dealing with financial challenges such as drop in assets or liquidity, organisations are faced with issues that go to the core of operational risk management - people, systems, processes and external environment.

Operational risk, defined by the Basel framework as arising from failures of processes, people, systems or external events, concerns itself wi Read more of this blog post »

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Published on July 25, 2021 00:52 • Tags: riskmanagement

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Elena Pykhova rated a book it was amazing Operational Risk Management in Financial Services: A Practical Guide to Establishing Effective Solutions by Elena Pykhova (Goodreads Author)	Error rating book. Refresh and try again. Rate this book Clear rating 1 of 5 stars 2 of 5 stars 3 of 5 stars 4 of 5 stars 5 of 5 stars
Aug 26, 2025 01:57PM · like

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Quotes by Elena Pykhova (?)

“Risk culture is the area where the Board’s engagement is key. It is good practice to develop a set of questions that a Board should be constantly asking itself, to prompt good risk conversations. These may include, for example, how it perceives the tone it is setting from the top; whether decisions are taken within the stated risk appetite; and what mechanisms are in place to ensure that new joiners absorb the desired values of the firm.”
― Elena Pykhova, Operational Risk Management in Financial Services: A Practical Guide to Establishing Effective Solutions

tags: culture, operational-excellence, riskmanagement

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