Key Elements in Managing Operational Risk

Instructor: Stanley Epstein 
Product ID: 702359
  • Duration: 90 Min

recorded version

1x Person - Unlimited viewing for 6 Months
(For multiple locations contact Customer Care)
Recorded Link and Ref. material will be available in My CO Section
Last Recorded Date: Sep-2012

Training CD / USB Drive

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(For multiple locations contact Customer Care)
CD/USB and Ref. material will be shipped within 15 business days

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Read Frequently Asked Questions

This 90-minute webinar will follow a step-by-step approach to cover the fundamental steps required to manage operational risks. It explores critical issues such as risk analysis, risk appetite, probability, impact, the risk mitigation process, prioritization and risk management responsibilities.

Why Should You Attend:

Operational risk is defined by the Bank for International Settlements as the risk of loss resulting from inadequate or failed internal processes, people and systems or from external events. These four factors; internal processes, people, systems or external events are exceptionally wide-ranging and cover virtually every element of the operations of financial institutions outside of the credit and liquidity aspects.

Operational risk is intrinsic in all banking products, all banking activities, all banking processes and all banking systems. The effective management of all of these operational risks is a basic part of a bank’s risk management program.

This webinar “Key Elements in Managing Operational Risk” is a step-by-step approach covering the fundamental steps require to manage operational risks (such as inadequate or failed internal processes, people and systems or external events. This is based on the three core approaches to operational risk management expanding into critical issues such as risk analysis, risk appetite, probability, impact, risk mitigation process, with its prioritization and establishing responsibility for same.

Areas Covered in the Seminar:

  • Managing operational risk.
  • Risk analysis.
  • Risk appetite.
  • Probability & impact.
  • Understanding operational risk, goals and priorities.
  • Prioritizing risk based on probability & impact.
  • Establishing responsibilities for risk management.
  • Responsibilities for executing risk management & governance.
  • Mapping risk strategies to categories of control.
  • Designing & documenting specific controls.

Who Will Benefit:

The following personnel from the banking and financial services industry will benefit from this session:

  • Financial Officers
  • Risk Officers
  • Internal Auditors
  • Operational Risk Managers
  • Staff with roles and responsibilities in operational risk in risk management departments, businesses and central departments

Instructor Profile:

Stanley Epstein, holds a Masters degree in Economics and a BCom. degree in Accounting from the University of South Africa. He has over 40 years of banking and IT experience, 33 of which were with the Standard Bank of South Africa where during the 1990s he filled an industry level role holding several key positions including that of Chairman of the PASA Risk Committee.

He has had extensive exposure to banking practice and banking operations in a number of countries including the USA, United Kingdom, South Africa, Israel, Europe and Australia. He has also acted as advisor to a number of central banks on payment systems, oversight, policy and payments risk issues.

More recently he spent time in the high-tech sector as a payment systems designer and consultant to a global payments software developer.

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Refund Policy

Registrants may cancel up to two working days prior to the course start date and will receive a letter of credit to be used towards a future course up to one year from date of issuance. ComplianceOnline would process/provide refund if the Live Webinar has been cancelled. The attendee could choose between the recorded version of the webinar or refund for any cancelled webinar. Refunds will not be given to participants who do not show up for the webinar. On-Demand Recordings can be requested in exchange.

Webinar may be cancelled due to lack of enrolment or unavoidable factors. Registrants will be notified 24hours in advance if a cancellation occurs. Substitutions can happen any time.

If you have any concern about the content of the webinar and not satisfied please contact us at below email or by call mentioning your feedback for resolution of the matter.

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