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(4.0/ 5) 5 Reviews
Operational risk is not new – it has existed ever since the first bank opened its doors for business. What is relatively new, however, is how modern-day financial institutions manage this risk type. Operational risk management has evolved into a discipline in its own right with specialized personnel, policies, procedures, reporting, measurement techniques, and related technology. The program consists of several elements that were covered within four and a half hours, and to obtain a completion certificate you must complete all elements within 3 months from the date of starting the program.
(4.0/ 5)
5 Learner Rating
Operational risk is not new – it has existed ever since the first bank opened its doors for business. What is relatively new, however, is how modern-day financial institutions manage this risk type. Operational risk management has evolved into a discipline in its own right with specialized personnel, policies, procedures, reporting, measurement techniques, and related technology. The program consists of several elements that were covered within four and a half hours, and to obtain a completion certificate you must complete all elements within 3 months from the date of starting the program.
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This course is aimed prim...
This course is aimed primarily at new recruits working in a commercial/wholesale banking environment. More experienced personnel looking for a refresher on the management and measurement of operational risk may also find the course useful.
This provides you with the opportunity to select the available times that suit you best for participation in our program. These times represent slots during which we are ready to welcome you and provide assistance and guidance.
objectives
• The various categories and subcategories of operational risk • The key components of the risk management framework for operational risk, including the "Three Lines of Defense" (3LoD) model • The measurement of operational risk, including regulatory capital calculations • The purpose of operational risk reports and the different types of report produced • The use of risk and control self-assessments (RCSAs) to identify operational risk • The role of risk ratings in assessing operational risk • The use of heat maps to present operational risks in a visual format • The importance of KRIs and other key indictors in monitoring operational risk • The contents of a risk register and its limitations as a monitoring tool • The role of loss data in identifying, managing, and monitoring operational risk • The key lessons learned from high-profile operational risk failures • The main emerging risks that banks are facing and their potential impact
