OPERATIONAL RISK MANAGEMENT

OVERVIEW

Measuring and managing operational risk effectively is no easy task. Banks and other financial institutions are still facing enormous challenges trying to develop and implement a thorough operational risk management system. Bank defaults, insurance company failures and the big corporate disasters have been making the headlines for too long. To keep you ahead of the latest market developments, this practical course, will explore the techniques to review, manage and account successfully for operational risk. Hands-on and case-study-based, this course will provide delegates with a whole set of tools to design efficient internal control mechanisms that help to prevent mismatching of trades and tracking errors. It will also illustrate how to apply data integration methods to centralize and clarify management information systems. This program will help you gain a unique practical insight into mitigating, reducing and avoiding enterprise-wide operational risk in financial institutions.

KEY LEARNING OBJECTIVES

At the end of this training, participants would have acquired skills to:

• Identify and define the boundaries of operational risk
• Understand specific risks in financial institutions and their impact on operational efficiency.
• Examine some of the models.
• Identify solutions and tackle line management, internal control and the effect of human error.
• Implement IT solutions to mitigate operational risk.

COURSE CONTENT

• Analysing Specific Risks
• Objectives Of Operational Risk Management
• Measuring Operational Risk
• The Operational Risk Management Policy

COURSE DURATION: 3 Days