Operational Risk Management Principles


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

  • Duration: 90 Min
This webinar provides participants with practical guidance in implementing an effective operational risk management system. It will also bring you up to speed on current best practice in the field of managing operational risk in financial institutions. Not only will we examine the details of each of these principles, as well as taking an all-inclusive look and what needs to happen to implement them; we will complete our journey by examining the principles under the harsh light of an actual Case Study in the banking industry.
Last Recorded Date: Mar-2024


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Why Should You Attend:

This webinar is all about best industry practice in the management of operational risk in banks and other financial institutions.

These, operational management principles, were developed over the past two decades by the Bank for International Settlements’, Basle Committee for Banking Supervision. They are an basic part of the “Basel Accords”, which is the continuing set of banking regulations (better known as Basel I, II and III and beyond), which provides recommendations on banking practice as it relates to capital risk, market risk and operational risk.

Based on best industry practice and supervisory experience, these principles cover three key risk-management themes: governance, risk management and disclosure.

Learning Objectives:

  • Discover what the operational risk management principles are and what they cover.
  • Examine the various implementation issues that are involved in putting each of these principles in place.

  • Distinguish the different kinds of operational risks as well as their sub components.
  • Find out what key elements are involved in managing operational risk.
  • Discover the three themes involved; governance, risk management and disclosure and how they are interrelated.

  • Walk through an actual case study involving 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 of the Citadel Advantage Group. 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 50 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.

He has also spent time in the high-tech sector as a payment systems designer and consultant to a global payments software developer.

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