Strategic Planning and Project Management: Delivering Change and Meeting Objectives

Strategic Planning and Project Management: Delivering Change and Meeting Objectives

Strategic Planning and Project Management: Delivering Change and Meeting Objectives

November 8 – 11

Chair: Janet Cosier, former adviser on strategic planning and risk management, Bank of Canada

  • How has the Covid-19 pandemic changed the way central banks work?
  • How can central banks, as policy-makers, and as institutions, systematically incorporate and prioritise climate risk?
  • How can a central bank integrate diversity questions into their strategic plans

It is a shifting world that strategic planners find themselves in.

These are the dynamics that will shape central banks and central banking over the next decade. Understanding implications, identifying synergies and taking a long-term view will be essential. Yet, in a world of constrained resources, strategic planning cannot please everyone. Prioritisation and sequencing have to be balanced with awareness and agility.

This course is designed to equip central bankers to meet these challenges.

Each day will feature three hours of expert-led Live Content to maximise the opportunity to share and learn. The chair will ensure participants have opportunities to network throughout the course, culminating in the Practical Implementation Workshop.

Timings: 8am-12pm (ET) | 12pm-4pm (GMT) | 8pm-12am (SGT) 

Course agenda

Two weeks prior to your training course you will be emailed access to our content hub with course materials, including a trial to Central Banking if you are not already subscribed. There will be a combination of articles, reports and presentations that will contribute to two hours of preparation time for the live content. Presentations for the sessions will also be held here subject to the speaker approval.

New Demands Facing Central Banks

12:0012:15

Course introduction
Course introduction session led by the chair

12:00 - 12:15

  • Introductions and welcome from the chairperson
  • Overview of the training course
  • Discussion of the delegate expectations
Janet Cosier

Former adviser on strategic planning and risk management

Former Bank of Canada

Janet Cosier is the former Chief Risk Officer and Adviser on Strategic Planning at the Bank of Canada. She continues in her capacity as the Chair of the Board of Directors of the Canadian Payments Association. She has served in a variety of functions including comptroller and chief accountant, as well as chief internal auditor, before being appointed adviser to the governor. She has provided technical assistance to various central banks in the areas of strategic planning, risk management, governance and financial reporting. Before joining the Bank of Canada, she worked with the Office of the Auditor General of Canada and with the Department of Industry, Trade and Commerce. Mrs Cosier holds degrees from York University and the University of Windsor in mathematics, computer science, accounting and financial management.

12:1513:15

What challenges and risks do central banks face?

12:15 - 13:15

  • External pressures facing central banks from policy, operational, governance and financial perspectives
  • Steps to improve institutional management
  • Obstacles encountered and setting key objectives
  • Discussion: risks facing attendees’ home jurisdictions
Janet Cosier

Former adviser on strategic planning and risk management

Former Bank of Canada

Janet Cosier is the former Chief Risk Officer and Adviser on Strategic Planning at the Bank of Canada. She continues in her capacity as the Chair of the Board of Directors of the Canadian Payments Association. She has served in a variety of functions including comptroller and chief accountant, as well as chief internal auditor, before being appointed adviser to the governor. She has provided technical assistance to various central banks in the areas of strategic planning, risk management, governance and financial reporting. Before joining the Bank of Canada, she worked with the Office of the Auditor General of Canada and with the Department of Industry, Trade and Commerce. Mrs Cosier holds degrees from York University and the University of Windsor in mathematics, computer science, accounting and financial management.

13:1513:30

Break

13:15 - 13:30

13:3014:30

Lessons learnt from the Covid-19 pandemic

13:30 - 14:30

  • Overview of the ways in which the pandemic has changed the way central banks work
  • Challenges and opportunities for central banks going forward
  • Developing a strategic plan following the pandemic
  • How to make the recovery from the pandemic more sustainable and inclusive

14:3015:00

Networking break
An opportunity to share experiences with your fellow participants.

14:30 - 15:00

15:0016:00

Operating in a multi-mandate environment: a governor’s perspective

03:00 - 04:00

  • Overview of central banks evolving mandate in 2022
  • Implication for external responsibilities and internal functioning
  • Impacts of the evolving mandates and what this means for the central bank
  • Discussion: experiences from participants’ home jurisdictions
Marko Škreb

former Governor

Croatian National Bank

Marko Škreb is a former governor of the Croatian National Bank and, currently, resident project manager for Canada-IMF Capacity building project at the National Bank of Ukraine. He moved to Kyiv from his position as advisor at the International Monetary Fund’s Regional Technical Assistance centre in Accra, Ghana.  Before that, he was chief economist and strategist at the second largest commercial bank in Croatia. Mr. Skreb started his professional career teaching at the University of Zagreb. Following academic vocation he joined the Croatian central bank, first as research and statistics director and later on as governor (from 1996 to 2000). In 1997 he was awarded the Central European Annual Awards for Excellence - Best Central Bank Governor by the Banker. Since 2000 he worked as a consultant for the International Monetary Fund and the World Bank in numerous countries, mostly in South-East Europe. He also worked at the Independent Evaluation Office of the IMF in Washington DC in the period 2004-2005. Mr Škreb published a number of articles and edited books, focusing on transition questions and financial issues.

Dealing with Disruption

12:0013:00

Designing the strategic plan: key building blocks, focus areas and performance indicators

15:00 - 16:00

  • The evolution of strategy planning and management as an internal function
  • Key features of the building blocks of strategy design
  • Examples of innovative approaches to strategic planning and management
  • Indicators and matrixes for continuous assessment of strategic objectives

13:0013:15

Break

13:00 - 13:15

13:1514:15

Building organisational resilience: the role of strategic planning

12:00 - 13:00

  • Key features of organisational resilience as a strategic goal
  • Impact of factors such as corporate culture, risk appetite and risk tolerance
  • Examples of tools and frameworks for strategic monitoring and continuous assessment
  • Role of interdepartmental cooperation and coordination
Amirthalingam Kanagalingam

Deputy director, business technology

Bank Negara Malaysia

Kanagalingam is currently a Deputy Director in the Business Technology Department of Bank Negara Malaysia. He is responsible for strategy and governance matters, with a focus on planning, performance and change management. Before this he was responsible for the Central Bank’s organisational strategy and business planning function. He joined the Bank in 1990 and over the 30 years has served in several capacities, including bank supervision, crisis management, international capacity building and organizational development. He holds an MBA from London Business School.

14:1514:30

Break

14:15 - 14:30

14:3015:30

Working with central bank leaders

14:30 - 15:30

  • The roles and responsibilities of the executive and non-executive board members
  • Overview of engaging central bank leaders in the design and formulation of a strategic plan
  • Frameworks for consistent communication
  • Discussion: what does the chairman of the board expect from the strategic managers and what do the strategic managers expect from the chairman?  

Enabling New Tools and Key Policy Functions

12:0013:00

Making the most of big data and advanced analytics

12:00 - 13:00

  • State of the art of big data and advanced analytics
  • Examples of applications in central banking and supervision
  • Overview of opportunities for strategic planning and management
  • Implications for resourcing and institutional organisation
Trevor Sabean

Senior director

Bank of Canada

Trevor Sabean was appointed interim senior director of the Bank of Canada’s Data and Statistics Office in October 2017.  In this capacity, he oversees the divisions responsible for ensuring that the Bank of Canada’s economists and researchers have efficient access to high quality data and statistics, as well as the required IT tools (High Performance Computing, analytic packages, dedicated research zone, etc.), and technical and statistical support. Prior to joining the central bank, he worked for Statistics Canada. When he joined the central bank in 2010, he worked as the assistant director where he was responsible for the bank’s Macroeconomic Indicators and Financial Institutions Statistics division. Mr. Sabean holds a Bachelor of Commerce from McGill University, a Masters of Arts in Economics from the University of Ottawa, and a Masters Certificate in Risk Management & Business Performance from York University.

13:0013:15

Break

13:00 - 13:15

13:1514:15

Interdepartmental coordination: communication in focus

13:15 - 14:15

  • Key features of effective internal communication
  • Trends and dynamics of internal department coordination
  • The roles and responsibilities of communication and coordination facilitators
  • Examples of innovative methods and frameworks for communication and coordination
Mirela Roman

Strategy advisor to the board (external communication and public relations)

National Bank of Romania

Following the graduation IT College and the Academy of Economic Studies in Bucharest, Mirela Roman joined the Monetary Policy Department of the National Bank of Romania for almost three years up to 1994 when switched to gain almost 12 years of valuable experience as an economics correspondent at Reuters News Agency, working in Bucharest, London, Prague, Warsaw or Copenhagen. In 2005 she rejoined NBR as an Adviser to the Governor and has run a newly created Communication Department for eight years before taking a new challenge: the strategy path. Economic analysis, news coverage, project development and team coordination defined her business for years, while her focus was growing with memberships in the local Foreign Press Association, the Romanian-Chinese Association, the Club of Rome Romanian arm, Ethics Board of the ICCO-Affiliated Romanian Association of Public Relations as well as a lecturer in Winsor or Cambridge training series by Central Banking Publications for a decade now.

14:1514:45

Networking break
An opportunity to share experiences with your fellow participants.

14:15 - 14:45

14:4515:45

Strategic planning and risk management: the mutual enablers

14:30 - 15:30

  • Synergies and overlaps between the risk management and strategic planning function
  • Emerging opportunities and unavoidable trade-offs
  • Examples of methods and tools for systemic coordination and cooperation between the two functions
  • Tips for engagement in the planning process: options and choices to address key areas of risk
Janet Cosier

Former adviser on strategic planning and risk management

Former Bank of Canada

Janet Cosier is the former Chief Risk Officer and Adviser on Strategic Planning at the Bank of Canada. She continues in her capacity as the Chair of the Board of Directors of the Canadian Payments Association. She has served in a variety of functions including comptroller and chief accountant, as well as chief internal auditor, before being appointed adviser to the governor. She has provided technical assistance to various central banks in the areas of strategic planning, risk management, governance and financial reporting. Before joining the Bank of Canada, she worked with the Office of the Auditor General of Canada and with the Department of Industry, Trade and Commerce. Mrs Cosier holds degrees from York University and the University of Windsor in mathematics, computer science, accounting and financial management.

Strengthening Institutional Resilience

12:0013:00

Towards sustainability: strategic perspectives on greening central banking

13:30 - 14:30

  • Understanding the connection between central banking and climate-related risks
  • A framework for thinking about climate-related risks and their impact
  • Implications for policymaking, operations and governance
  • What this means for strategic planning: short, medium and long term

13:0013:15

Break

13:00 - 13:15

13:1514:15

What’s next for strategic planning?

13:15 - 14:15

  • Key expectations in relation to the strategic management functions for 2022 and beyond
  • Trends and dynamics of roadmaps and frameworks helping to adjust the medium and long term strategy
  • Challenges and opportunities for leaders
  • Building a strategic plan for 2022
Janet Cosier

Former adviser on strategic planning and risk management

Former Bank of Canada

Janet Cosier is the former Chief Risk Officer and Adviser on Strategic Planning at the Bank of Canada. She continues in her capacity as the Chair of the Board of Directors of the Canadian Payments Association. She has served in a variety of functions including comptroller and chief accountant, as well as chief internal auditor, before being appointed adviser to the governor. She has provided technical assistance to various central banks in the areas of strategic planning, risk management, governance and financial reporting. Before joining the Bank of Canada, she worked with the Office of the Auditor General of Canada and with the Department of Industry, Trade and Commerce. Mrs Cosier holds degrees from York University and the University of Windsor in mathematics, computer science, accounting and financial management.

14:1514:30

Break

14:15 - 14:30

14:3015:00

Closing remarks and delegate action plans
Concluding session led by the chair

13:00 - 13:30

  • Summary of the course
  • Discussion of the observed trends and case studies
  • Application of learning points in the delegates’ home organisations
  • Preparation of action points
Janet Cosier

Former adviser on strategic planning and risk management

Former Bank of Canada

Janet Cosier is the former Chief Risk Officer and Adviser on Strategic Planning at the Bank of Canada. She continues in her capacity as the Chair of the Board of Directors of the Canadian Payments Association. She has served in a variety of functions including comptroller and chief accountant, as well as chief internal auditor, before being appointed adviser to the governor. She has provided technical assistance to various central banks in the areas of strategic planning, risk management, governance and financial reporting. Before joining the Bank of Canada, she worked with the Office of the Auditor General of Canada and with the Department of Industry, Trade and Commerce. Mrs Cosier holds degrees from York University and the University of Windsor in mathematics, computer science, accounting and financial management.

15:0015:15

Feedback forum
We will send a link in this session to the feedback form and would kindly ask that you help us improve the training product by completing the survey. We would also welcome any verbal feedback in this session.

15:15 - 15:30

Date: November 25
The Implementation Workshop is a chair-led forum where attendees will have the opportunity to discuss challenges around implementing the ideas they have learnt during the Live Content. Prior to the workshop you will be emailed questions to prepare in order to gain the most from the session with peers.

12:0013:00

Implementation Workshop

11:00 - 12:00

Benefits of attending the Implementation Workshop: 

  • Developments in the area since the live content sessions, including new resource material
  • Questions arising since returning to the central bank
  • Challenges of implementation: where are the roadblocks?
  • Medium-term goals: what is realistic?
  • Establishment of group network to keep in touch with peers and share best practices

Learning outcomes

At the conclusion of the training, participants will be able to:

  • Identify new responsibilities that come with climate risk
  • Understand how to coordinate risk management and strategic planning
  • Gain insight into new variables and dynamics shaping the work of strategic managers in 2022
  • Incorporate lessons from the Covid-19 pandemic
  • Takeaways for improving the strategic plan for the years ahead

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Janet Cosier

Former adviser on strategic planning and risk management

Former Bank of Canada

Janet Cosier is the former Chief Risk Officer and Adviser on Strategic Planning at the Bank of Canada. She continues in her capacity as the Chair of the Board of Directors of the Canadian Payments Association. She has served in a variety of functions including comptroller and chief accountant, as well as chief internal auditor, before being appointed adviser to the governor. She has provided technical assistance to various central banks in the areas of strategic planning, risk management, governance and financial reporting. Before joining the Bank of Canada, she worked with the Office of the Auditor General of Canada and with the Department of Industry, Trade and Commerce. Mrs Cosier holds degrees from York University and the University of Windsor in mathematics, computer science, accounting and financial management.