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Special Interest Group

Operational Risk

“Operational risk is a common challenge across our industry. Our aim is to bring professionals together to exchange perspectives, strengthen networks, and develop practical approaches to managing the evolving risks that shape our sector.”

Chair: Samantha Croll, BlackRock

Objective

Establish a network of risk professionals in Scotland focused on operational risk. It will also support SFE’s strategic initiatives and delivery of the growth strategy.

Strategic Focus

  • Building a strong network of operational risk professionals across Scotland’s financial services sector.

  • Understanding the risks of AI adoption through multiple lenses: operational, regulatory, consumer, reputational and governance.

  • Encouraging firms to share case studies and learn from each other’s experience.

  • Bringing in external perspectives, including regulators such as the FCA, to inform the group’s thinking.

2026 Strategic Delivery

  • Initial focus is on establishing the group and on the risks associated with AI adoption.

Activity

In addition to the usual matters involved in establishing a group, its main strategic focus is the adoption of AI across member firms.

This work looks through a number of different risk lenses, including operational, regulatory, consumer, reputational and governance. It involves firms exchanging case studies and inviting relevant guest speakers, for example the FCA.

Members

Cross-Group Collaboration

Join this group on the Member Platform
Data & AI Group
Asset Management Group

Latest news

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SFE CEO calls for reset in relations between UK and Scottish government, to deliver on growth ambition
SFE Press Release
SFE CEO calls for reset in relations between UK and Scottish government, to deliver on growth ambition
SFE Press Release

Scottish Financial Enterprise’s growth strategy update shows Scotland’s financial and professional services sector has created 21,000 additional jobs since 2023, while increasing its economic contribution to £17.7 billion. Our chief executive Sandy Begbie CBE is calling on the UK and Scottish governments to work together to build on this progress and support further growth.

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SFE Press Release
Edinburgh Reclaims Top 30 Status In Global Financial Rankings
SFE Press Release
Edinburgh Reclaims Top 30 Status In Global Financial Rankings
SFE Press Release

Edinburgh has risen in the latest Z/Yen Global Financial Centres Index (GFCI), climbing four places to rank 28th globally. The move sees Scotland’s capital break back into the world’s top 30 financial hubs, reinforcing its reputation as a premier destination for asset management and Fintech. 

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SFE Press Release

Upcoming events

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Beyond Vibe Coding: Governing the Next Era of AI engineering
Sept 29
Beyond Vibe Coding: Governing the Next Era of AI engineering

AI-assisted coding is rapidly moving beyond autocomplete and chat towards autonomous agents that can plan work, edit files, run commands and open pull requests.

This practical workshop explores the governance, security, cost, adoption and oversight risks of agentic development, with a live demonstration of how organisations can introduce AI coding tools in a controlled, auditable and responsible way.

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