Effective Operational Risk Management




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

Module 1: The expansive scope of Operational Risks

  • 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

Module 2: Practical Challenges in Measuring, Assessing and Managing Operational Risks - Drawing Valuable Guidance from Industry and Regulatory circles

  • 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

Module 3: Familiarization with the Ops Tools

  • 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

Module 4: Confronting the Enemy Within

  • 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

Module 5: Managing Risks in new product/business launches and other Operational matters

  • Expanding the Business - ensuring effective operational and infrastructure support
  • Addressing risks in the usage of Model and Technology

Module 6: Business Continuity, Conduct, Reputation, Regulatory and Legal Risk Matters

  • 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
Study Time

This practical training program is designed with:

16 hours training - 2 days


3,800 $
11 Nov & 12 Nov 2024
Live Online
3,800 $
15 Nov & 16 Nov 2024

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