Operational Risk Management Principles


Instructor: Stanley Epstein 
Product ID: 706024
Training Level: Intermediate

  • Duration: 90 Min
The purpose of this course is to provide attendees with a comprehensive demonstration of the operational risk management best practices in banks and other financial institutions.
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Why Should You Attend:

The principles that will be explored in this course have been developed by the Bank for International Settlements, Basle Committee for Banking Supervision since the past two decades. These form a significant part of the Basel Accords', which continue to be a set of banking regulations (popularly known as known as Basel I, II and III and beyond). They deliver recommendations on banking practice as it connects to capital risk, operational risk, and market risk. With the best industry practice and supervisory experience as their foundation, these principles cover three compendious risk-management themes: governance, risk management, and disclosure.

This course will provide you practical instructions for implementing a robust operational risk management system. The course will also help you quickly understand the current best practices in managing operational risk in financial institutions. While examining the details of each of these principles, we will take a deep-dive into what needs to be practically done to implement them. We will conclude our journey by exploring the principles by carefully considering a banking industry case study in harsh light.

  • Learn the operational risk management principles and what they cover.
  • Explore the numerous implementation problems that are involved in implementing these principles
  • Differentiate the various kinds of operational risks and their sub components.
  • Identify the key elements involved in managing operational risk.
  • Find out the three themes involved; governance, risk management and disclosure and how they are interconnected.
  • Learn from an actual case study relating to a major international bank and identify the key operational risk management principles and the issues involved.

Areas Covered in the Webinar:

  • Principles for the management of operational risk in financial institutions
  • How to implement the BIS’s “Sound Practices for the Management and Supervision of Operational Risk”
  • Each of the 11 Principles are examined individually in terms of their
  • Content
  • Meaning
  • Implementation factors
  • Responsibilities
  • Detailed banking case study.

Who Will Benefit:

  • Banks, Community Banks, Financial Institutions
  • Financial Officers
  • Risk Officers
  • Internal Auditors
  • Compliance Officers
  • Operational Risk Managers
  • Heads of business and operational departments
  • System developers involved with designing and building banking applications
  • Staff with roles and responsibilities in operational risk in risk management departments, businesses and central departments.
Instructor Profile:
Stanley Epstein

Stanley Epstein
Principal Associate and Director, Citadel Advantage Ltd

Stanley is a Principal Associate and Director of Citadel Advantage Ltd., Since 2001 Citadel Advantage has been working with banks and financial institutions to make them safer and more profitable, through consulting and training, specifically in the key areas of Governance, Risk Management and Compliance.

Stanley 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 also represented South Africa at two sessions, in New York, of UNCITRAL (the United Nations Commission on International Trade Law).

He holds a Master Degree in Economics and a Bachelor of Commerce (BCom.) degree, both from the University of South Africa, Pretoria.

Stanley 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

Our refund policy is governed by individual products and services refund policy mentioned against each of offerings. However in absence of specific refund policy of an offering below refund policy will be effective.
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. On-Demand Recording purchases will not be refunded as it is available for immediate streaming. However if you are not able to view the webinar or you have any concern about the content of the webinar please contact us at below email or by call mentioning your feedback for resolution of the matter. We respect feedback/opinions of our customers which enables us to improve our products and services. To contact us please email [email protected] call +1-888-717-2436 (Toll Free).




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