2-Day Virtual Seminar on Operations Risk - Active Management and Compliance

Why Should You Attend:

This is an intensive die into Operational Risk Management & Mitigation – from assessing the operational risks to how to implement a working, viable operational risk management program. Aimed at the financial services industry this course explores the Operational Risk management function and mitigation requirements as mandated by multiple regulators around the globe. A key objective of this course is to move the participants beyond the operational risk compliance requirements set down in compliance to an understanding of managing operational risk as a value-added proposition that can be instrumental in increasing the profitability of the bank while at the same time improving its structural strength.

Now the ongoing continuum of headline-grabbing operational risk incidents at banks, other financial institutions and even regulators continue to keep the issue of operational risk management at the top of agendas of CEO’s , CRO’s, Risk Managers and Internal & External Auditors alike.

These incidents are wide ranging and flow from issues like bank ATM collapses, bank operating system failures, regulatory settlements (fines) in the ongoing US sub-prime mortgage saga, rogue traders and the related risk managers who either missed or were willfully blind to all the warning signs.

Learning Objectives:

The objectives of this training course is to provide all staff, irrespective of whether they work in the front-, middle- or back-office, with a sound foundation in the theory and practice of Operational Risk Management. This training is provided in a practical “hands-on” manner that allows them to implement what they have learned easily and effectively the minute they return to the office.

• Learn operational risk techniques for assessing, managing and mitigating operational risk
• Understand the link between Operational Risk Management (ORM) theory and practice
• Understand the Basel Accords’ requirements regarding operational risk.
• Receive guidance in setting-out a clear road-map on how to implement an ORM structure in practice in a banking/financial organization.

Areas Covered in the Webinar:

• What is risk?
• Risk Types
• Managing Operational Risk
• Operational Risk –Practical Examples
• Key Elements in Managing Operational Risk
• Operational Risk Financing
• Methods & Models
• The Black Swan
• Managing Operational Risk under Basel - A “Hands-on” approach
• “Sound Practices for the Management and Supervision of Operational Risk”
• Developing an appropriate Risk Management Environment
• Defining the Categories of Operational Risks
• MANAGING OPERATIONAL RISK – TOOLS & TECHNIQUES
• Causes & Consequences – The Bow Tie
• Methods for Assessing Operational Risks
• A Risk Assessment Model
• Current Operational Risk Management Themes in Banking
• Closing CASE STUDIES

Who Will Benefit:

• Financial Officers.
• Risk Officers.
• Internal Auditors.
• Operational Risk Managers.
• Compliance Officers
• Staff with roles and responsibilities in operational risk in risk management departments, businesses and central departments.
• All front-, middle- and back-office staff in operational roles.
• This course is not restricted to management staff alone but to all staff who are required to be “Operational Risk” aware.

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