Course Overview
Learn how to transform the building blocks of your firm’s operational risk management programs into a cohesive operational risk management strategy. This advanced course examines operational risk management in the financial services industry on two fronts: 1) current and emerging practices in the operational risk management discipline, and 2) the organizational, regulatory, and governance factors that affect how a financial services firm addresses operational risk. Participants will build a solid conceptual foundation and apply this in practice through hands-on case studies and exercises.
Who should attend?
Operational risk managers from firms of all sizes will find value in his advanced course: firm-wide operational risk managers, corporate-level operational risk managers, business line operational risk managers, governance/ risk/compliance professionals responsible for managing specific types of operational risks, and regulators providing supervision of operational risk management at financial institutions. Typical participants are taking on broader operational risk management responsibilities and want to build a more strategic understanding of operational risk management. They are already familiar with basic operational risk management building blocks such as risk and control assessment, loss data collection, scenarios, and KRIs.
You will:
- Gain a more strategic understanding of operational risk and the tools available to identify, measure, control, mitigate, and monitor it.
- Understand and articulate your institution’s operational risks and exposures, and learn how these fit into its overall risk picture.
- Recognize what is needed to deliver appropriate policies and programs to address the operational risks in your organization.
- Learn how to raise awareness and build collaboration with your management, business, and risk partners regarding management of operational risk.
- Understand the relationship between operational risk exposures and risk capital.
Insights and Participation
Participants will gain valuable insights through discussion and debate during the sessions. Insights will come from the concepts presented by the instructor, from the case studies, and from the case-study solutions developed by the participants. Critical insights will also come from the exchange of ideas among participants regarding current practices in their respective institutions. Participants should come prepared to discuss current practices in their organizations and their thoughts for the future, within the bounds of any proprietary or confidentiality considerations.