Events

Aims

Recently, a series of headline-grabbing operational risk incidents at banks, other financial institutions and even regulators have again brought the issue of operational risk management to the forefront of the agendas of CEOs, CROs, risk managers and internal and external auditors alike. These incidents are wide ranging and flow from bank ATM collapses, bank operating system failures, regulatory settlements in the ongoing US sub-prime mortgage saga, rogue traders and the connected risk managers who either missed or were willfully blind to all the warning signs.

As the size and complexity of financial institutions have increased, so too have the challenges of understanding and reducing operational risks down to truly manageable levels. 

Bad Operational Risk Management has a severely negative effect on financial institutions in four very clear ways:

1. Actual operational risk losses are a direct hit to the income statement.
2. The market punishes companies, via the stock price, for operational risk failures and this loss could well exceed the actual financial loss experienced.
3. Lowered Credit Ratings, which raises the institutions cost of borrowing money in the marketplace.
4. Operational risk failures can vastly increase the cost of compliance by raising the level of regulatory scrutiny and complexity not to mention substantial penalties.

All too often banks have seen the need to effectively manage their operational risks as simply an issue of complying with what the bank regulator requires, rather than a disciplined process that serves to not only ensure a banks survival but which can, in the long run, contribute to that bank’s financial fortune.

Implementing an effective Operational Risk Management routine is a complex process. At its core is an understanding of what Operations Risk is and how it can be managed. This course is an intensive introduction to Operations Risk management and mitigation. 

Objectives

The objectives of this training course is to provide all staff, irrespective of whether they work in the front-, middle- or back-office, with a sound foundation in the theory and practice of Operational Risk Management. This training is provided in a practical "hands-on" manner that allows them to implement what they have learned easily and effectively.

Key objectives and learning outcomes

The aim of the course is to provide:

• Illustrate risk in all its facets
• What the Basel Accords say about operational risk and its mitigation
• Listing operational risk techniques for assessing, managing and mitigating operational risk
• A link between ORM theory and practice
• A clear road-map on how to implement an ORM structure in practice in a banking organization

For Registration - http://www.complianceonline.com/operations-risk-management-and-mitigation-from-assessment-to-implementation-seminar-training-80047SEM-prdsm?channel=globalriskcommunity

Note: Use coupon code 232082 and get 10% off on registration.