Operational Risk Course

Location: Available Globally

Dates: Open date - Open date

Duration: -

Price:

Participants will gain an understanding of how to identify operational risks, the processes to monitor and control them and the various techniques to reduce exposures, and decrease the potential impact of risks. They will also obtain an understanding of regulatory requirements and recommendations, an understanding of the operational risk frameworks and governance models used globally. The seminar will cover people, process, systems and external event Operational Risk management, and participants will gain an appreciation of the mitigating actions available to managers. Participants will practice using of some of the tools employed to manage operational risk and work through a case study to appreciate warning signs and the multi-faceted impacts of operational risk events. In addition, delegates will appreciate qualitative vs. quantitative approaches to managing and monitoring Operational Risk and approaches available to comply with regulations The course will enable participants to appreciate the value of various kinds of reporting, monitoring and Risk and Control Assessments as an operational risk management approach as well as the interaction with other control functions and management actions required to proactively reduce the likelihood of risk events. On completion of the course participants should have an appreciation of the value of Operational Risk frameworks and tools, engendering an operational risk culture, and the measurements and capital constraints that are used to contain operational risk within the appetite defined by the organisation. Course categories:Back Office Inhouse Courses , Operations settlements Clearing Inhouse, Risk Management Inhouse
COVERED TOPICS

Operational Risk Classifications Risk impacts and likelihood – Four ‘C’s chart General outline and taxonomy Operational Risk management Categories Identification techniques Short exercise – Recent risk events classifications Risk mitigation alternatives Mid morning break Transferring risk – outsourcing, insurance Link with liquidity risk, market risk and credit risk Short exercise to categorise and list cause, effects and potential mitigating actions of a list of risk events Lunch Managing Operational risk proactively Controls Capital incentives Introduction to the case study Case study (Soc Gen rogue trading) in part 1 – People Review of case study part 1 Mid afternoon break Governance Policy Appetite Three lines of defence Line movement Operational Risk Audit and the role of other control functions People risks Culture Fraud Accountabilities and responsibilities Reputational risk The risk management and control process The operational risk and control cycle Operational risk management evolution steps Case study (Soc Gen) in part 2 Process Review of case study part 2 Applying process risk management to reduce regulatory fine risk Transaction reporting Client Assets Client Due diligence and Anti Money Laundering Mid morning break Risk events and loss data Regulatory view and capital Basle 2 Three pillars Three measurement approaches Short group exercise to calculate some risk measures Basle 2 and capital Quantifying Operational risk Major operational risk events Basle 3 Lunch Systems risks Case study (Soc Gen) in parts 3 Systems Review of case study part 3 Mid afternoon break External events DR and BCP People Process Systems External Communications Preparation Exercise – Desk top drill		Establishing an Ops Risk & Control framework Roles and responsibilities Incident management Risk mitigation tools Exercise – writing an incident report Mid morning break Identifying risk and exposure Exercise – Defining Risk Appetite MI and Key Risk Indicators KRIs and KCIs Incident and loss data management Reporting Systems Exercise – preparing an Operational risk dashboard report Lunch Risk and Control Self assessments Group exercise – Prepare risk and control self assessment Scenario analysis and stress tests Group Scenario analysis exercise Each group assesses the same scenario with different risks types and assumptions then compare results Mid afternoon break Regulator visit senior manager prep Using the course material the groups prepare a senior manager presentation to prepare their company prior to a regulator visit to review Operational Risk

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Location: Available Globally
Event date: Open date - Open date
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Phone: +44 208 133 5917

Operational Risk Course

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