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Raising the bar in Risk Management

4 November 2020

12.00 - 1.00 pm

The latest update on the successes and challenges of implementing the Risk Coalitions guidance and it’s progress towards raising the bar in Risk Management

Those of you who attended last year’s iiag conference In Brighton will remember Hanif Barma’s session on “Raising the Bar in Risk Management”.  The Risk Coalition’s work has concluded and their guidance document was formally published last December.  The FCA commented at the time:

“We welcome the Risk Coalition’s initiative to raise standards in risk oversight in UK financial services.  Their approach and guidance complements the personal accountability we regard as an important regulatory objective.  It is important that SMF role holders do not simply adhere to the guidance as a box-ticking exercise, but also reflect on how to ensure adequate regulatory outcomes.”

We are delighted to welcome Hanif back to lead the third in this series of iiag webinars.  Hanif will give us an update on the successes and challenges of implementing the Risk Coalition’s guidance and its progress towards raising the bar in risk management, along with his insights on Internal Audit’s ongoing contribution to these developments.

This will be an interactive session, allowing you to post questions in the chat window and interact with the speakers.

If you would like to join us please book your place via this link.

Dates for subsequent webinars will be:

  • 18 November
  • 2 December
  • 16 December

All webinars will be timed from 12 - 1pm 

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Speakers Profiles

Hanif Barma


Board Alchemy



Founding partner at Board Alchemy, Hanif Barma has had a fifteen year career in governance, risk and assurance.  He has extensive experience of board and committee effectiveness reviews, as well as internal audit and risk reviews.  He has worked with a wide range of clients including plcs, private companies, subsidiaries, industry regulators and not-for-profit organisations.  He brings an excellent understanding of board culture and dynamics, board information and board processes.  Hanif's work with audit and risk functions means he brings an effective working knowledge of risk and assurance to his clients’ boards.  His work with boards and their committees means he brings valuable insights to risk and audit functions of their key stakeholders' needs and expectations.

Hanif is Co-founder of the Risk Coalition, a network of not-for-profit professional bodies and membership organisations committed to raising the standards of risk management in the UK.  The Risk Coalition launched the Risk Guidance Initiative in 2018 to meet the need for high-quality, principles-based, good-practice guidance for board risk committees and risk functions within the UK financial services sector. The outcome of this work is Raising the Bar, published in December 2019. 

Hanif also has a number of board and audit/risk committee positions, including as chair.  These pro-bono roles have given him practical experience of dealing with governance issues and have helped him ensure the advice he gives his clients is right-sized and fit-for-purpose.  He is also an Honorary Visiting Fellow at City University’s business school and a member of the Working Group of the Financial Reporting Council's Audit & Assurance Lab.  Prior to setting up Board Alchemy, Hanif was a founder partner at Independent Audit and a director at PwC.  He is a Chartered Accountant and has an MBA from London Business School.