In this episode of Risk Is Our Business, Michael Rasmussen sits down with Elena Pykohva — award-winning risk expert, international educator, and author of ' Operational Risk Management in Financial Services: A Practical Guide to Establishing Effective Solutions'. Together, they explore what it takes to move operational risk beyond checklists and siloes, and toward something far more powerful: a fully engaged, enterprise-wide force for good.

With deep experience across financial services, from G-SIFIs to fintechs, Elena brings both strategic insight and hard-earned lessons from the field. She shares why operational risk must be reimagined, not as a compliance exercise, but as a people-powered, forward-looking discipline that drives real impact. Together, they discuss what distinguishes effective operational risk from empty frameworks, how to dismantle siloes that isolate risk professionals, and why conversation, culture, and connection are essential to delivering outcomes that matter.

If you’re ready to leave behind fragmented models and engage risk as a dynamic, interactive driver of strategy, culture, and resilience, this episode is your star map.