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Risk Management
Total risk management is the combination of all the elements of risk management into a consistent strategy...
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Training - Commercial Banking
Fundamental of Operational Risk:
Participants will be equipped to:
* Understand the role data plays as the basic element of any
operational risk program
* Categorize and index loss data
* Integrate different types of operational risk loss data into
a single framework
* Analyze internal and external loss data from a variety of
perspectives
Who should attend ?
This course is designed for senior financial service
professionals who may be new to the operational risk
discipline, junior risk professionals with limited or no
experience with operational risk, or more experienced auditors,
controllers, or risk professionals from other risk disciplines
who may not have been exposed directly to operational risk
principles and practice.
Course outline
MANAGING OPERATIONAL RISK
* The long view of operational risk: where we have come from
and where we are going
* The characteristics of operational risk and how it differs
from credit and market risk
* Regulatory developments and how Basel has impacted the
discipline of managing, mitigating and measuring operational
risk
* A historical perspective on definitional issues and why they
matter
LOSS DATA
* Why collect internal data and what it can tell us about an
institution
* Industry standards for building loss databases
* Introduction and history of BIS operational risk indexing
categories (business units and event type)
* Identification of existing sources of historical loss data
* Capturing and classifying losses
* Mapping of internal losses to BIS data hierarchies
* Qualitative case analysis of external loss events, including
attention to determining the internal control environment of
the event, and how to glean lessons learned and relevancy for
one's own organization
* Using external data as the basis for establishing a best
practices program
SELF ASSESMENT
* Overview of key approaches to self assessment programs
* Determining the proper structure and scenarios for a
self-assessment program
* The risk assessment workshop vs. other approaches (self-guided
questionnaires, scorecards, interviews)
* Using case studies as content for informing the self
assessment process
* Creating a self-assessment questionnaire and determining
appropriate issues and risks to track
* Creating action plans based on assessing the effectiveness
of controls
* Establish key risk indicators through the identification and
monitoring of key internal data
CAPITAL CALCULATION and MODELING
* History of quantitative approaches to modeling operational
risk
* Introduction to Operational Risk Value-at-Risk (VAR)
* Overview of operational risk capital requirements
* Creating quantitative values from qualitative inputs
* Modeling scenarios based on self-assessments
* Using analytics to manage risk effectively
2 Days
Course Fees
VAT to be included at the local rate, if applicable. Costs
shown are per delegate inclusive of refreshments, lunches and
seminar materials. Cost of accommodation is not included.
GBP 2500
Certificates of Participation
Certificates of participation are remitted to course
participants upon request. |
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