Effective Operational Risk Management
Introduction
This comprehensive program equips participants with the expertise to identify, evaluate, and manage operational risks within their organizations. Through interactive workshops, real-world case studies, and practical exercises, participants will gain a solid understanding of operational risk management frameworks, master risk assessment methodologies, and develop effective strategies to mitigate risks and safeguard organizational success.
How you will benefit
- Have a proper understanding of different operational risk events especially cyber security, reputational and regulatory/compliance risks
- Appreciate the impact operational risks have on financial and non-financial institutions
- Develop a practical approach to measuring, assessing and managing operational risk
- Recognize the challenges posed in the process of managing operational risks, particularly in the face of heightening regulatory and industry demands including ISO, COSO, Basel, UCIT and MiFid
- Draw lessons from the various operational mishaps
Who should attend
All individuals who want to improve their value-adding effectiveness to the operational risk management function
What you will cover
- The Operational Risk Scope - evolving business trends and coping with Industrial Revolution 4.0
- Confronting Disruptive Technologies, Digital Transformation and Exponential Technology (ET)
- Putting Cyber and Data Security on the Risk Agenda
- Ranking Operational Risks
- Operational Risk Management
- Defining Operational Risk
- Challenges and Issues in Operational Risk Management
- Success Factors in Operational Risk Management
- Expounding Sound Practices in Operational Risk Management
- Third Party Risk Management
- Adopting an enterprise and integrated approach to Operational Risk Management
- Implementing an effective Framework with practical Policies, Procedures and Processes
- Operational Risk Measures - Preventive and Curative
- Managing the Great Challenge - Data Capture
- Risk and Control Self-Assessment (RCSA), Key Risk Indicators (KRIs) and Internal and External Loss Databases
- Stress Testing and Scenario Analysis
- Having a Control Framework
- People Risk - Everywhere
- How to prevent the next Rogue employee (trader, CEO…)
- Performing KYE (Know Your Employee)
- Addressing Fraud and Abuse and Sensing Behavioral Red Flags
- People Retention and Succession Planning
- Expanding the Business - ensuring effective operational and infrastructure support
- Addressing risks in the usage of Model and Technology
- Business Continuity and Conduct Management
- Reputation - Preserving the Invaluable, Intangible Asset
- Why Reputation matters - reflections on UA, LIBOR, Maggi, VW, Wells Fargo
- Managing Social Media
- Molding Culture and Conduct
- Regulatory, Compliance and Legal Risk Issues
Schedule
Vancouver
$3,800
11 & 12 Nov 2025
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