Operational Risk is defined broadly and as a causal risk – the risk of loss due to failures in people, processes, systems or external events. It underlies many other risks, in particular regulatory and reputation risks, which are fundamental to the business model for financial institutions. Operational Risk causes the failure of companies more than any other risk.
Operational Risk Management is a discipline that continues to develop rapidly in sophistication and relevance to business decision-making. This Advanced Training in Operational Risk Management course is designed to deliver a deep, practical understanding of operational risk management frameworks and methodologies in financial institutions. Successful candidates will be better prepared to understand the human drivers behind Operational Risk, create robust Risk Appetite Statements and Key Risk Indicator Frameworks, implement meaningful risk assessment initiatives, produce useful risk management information and understand Scenario Analysis and basic modeling techniques for operational risk measurement. The course is relevant to all risk related roles in financial services, in particular Operational Risk Staff, Financial Controllers, Operations and Technology Managers, and Compliance and Legal Officers. A grounding in operational risk management techniques is also becoming increasingly important for front line staff both from a process and conduct perspective in their dealings with clients and market counterparts.
- Understand why Risk Management is important
- Comprehend how to drive value out your risk management activities
- Grasp the operational risk requirements of Basel II
- Identify the elements and tools of a Risk Management Framework
- Learn Risk Appetite and how to monitor it
WHO SHOULD ATTEND?
- Operational Risk Staff,
- Financial Controllers,
- Operations and Technology Managers, and
- Compliance and Legal Officer
The International Academy of Business and Financial Management is one of the world’s fastest growing professional associations with more than 200,000 members, associates and affiliates in 145 countries. IABFM™ hosts and organizes certification training worldwide and offers exclusive board designations to candidates who meet the highest professional standards and assessment criteria.
The IABFM is credited by the American National Standards Institute (ANSI) the International Standards setting authority.
- Length 4 days
- Level Advanced Training
- Industry Risk Management
- Prerequisites None
- Association IABFM - International Academy of Business and Financial Management
- Language English
- This program is worth 28 NASBA CPE credits
Fundamentals of Risk Management
The Regulatory Treatment of Operational Risk
Management of Operational Risk
Governance & Culture
Risk Management Frameworks
Risk Management Tools and Techniques
Operational Risk Appetite
Key Risk Indicators
Operational Risk Reporting