Foundations of Operational Risk Management

David Papuashvili

Introduction:

David Papuashvili is a seasoned professional with 18 years of experience in central and commercial banking, specializing in operational risk management, cyber risk mitigation, payment systems, and information systems auditing. He has held significant leadership roles, including heading the Operational Risk and Information Processing Division at the National Bank of Georgia from 2012 to 2019, where he oversaw operational risk, financial and supervisory reporting, and the introduction of cybersecurity and operational risk regulatory frameworks for Georgian banks.

David has also served as a senior risk consultant at the World Bank, contributing to risk management projects with international financial institutions. He played a key role in the National Bank of Georgia's transition to risk-based supervision starting in 2010. In addition to his extensive banking experience, David is actively involved in the academic sector, focusing on economics and management. He is a Certified Information Systems Auditor (CISA) and holds a certification in Risk Management and Information Systems Control (CRISC).

Education:

- Ph.D. in Business Administration (2020-2023)
Georgian-American University (GAU), Georgia.

- Master of Science in Cybersecurity (2013-2015)
Excelsior University, New York, United States.

- Bachelor of Business Administration in Financial Management (2001-2005)
University of New Mexico (Anderson School of Management), New Mexico, United States.

Membership in Professional Associations:

- Member of ISACA
- Associate at Toronto Centre

Training Programs:

David Papuashvili is recognized for his expertise in developing and delivering training programs, including:

1. Foundations of Operational Risk Management
2. Fraud Risk Assessment and Development of a Fraud Prevention Program
3. Business Continuity Management
4. Assessment of an Organization’s Operational Risk Management Framework
5. Information Systems and Cyber Risk Audit

David’s comprehensive background in risk management, coupled with his strong consulting and teaching skills, makes him a leading expert in operational and cyber risk management in the financial sector.