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EIEIO / BUSINESS, FINANCE & QUALITY

Operational Risk Management in Financial Institutions

Course outline

2 days
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Duration

Operational Risk Management in Financial Institutions

2 days

Overview

Why Operational Risk Management

Operational risk management for the financial services industry has evolved into a well-recognized, highly demanded discipline over the past 20 years. The Basel Committee on Banking Supervision (BCBS) established mandatory capital requirements for operational risk in 2001, and the discipline has progressed and developed enormously since then. Besides holding capital, regulated entities need to adopt sound practices for the management of operational risk. These practices have become more sophisticated and detailed between their first publication in 2003 and the most recent update in March 2021.

The financial services industry now needs recognized standards and objective qualifications criteria to select operational risk managers who can uphold sound operational risk management principles and measure their impact.

Why should you attend?

Designed and delivered by leading experts in the field, the ORM foundation training course provides the knowledge and references that professionals need to enter, manage, and lead the operational risk discipline in financial services. The qualified trainers and course content help professionals acquire and demonstrate the skills and ability to execute their function effectively and gain professional recognition in the field.

These qualifications will give you exceptional knowledge and increase your professional standing in the market.

Learning Objectives

  • Understand the regulatory requirements and best practices of operational risk management in the financial services.
  • Learn how to establish and operate an operational risk management framework in the context of a financial organization.
  • Understand the approaches, methods, and tools to identify, assess, mitigate, and monitor operational risk in the financial services industry.

Educational approach

  • The body of knowledge has been developed by a team chosen for their expertise and their contribution in the field of operational risk.
  • The training course is based on theory and best practices in operational risk management and assessment in the financial services.
  • Lecture sessions are illustrated with practical examples.
  • The participants are encouraged to communicate and engage in discussions and exercises.

Agenda

Day 1

  • Regulatory Context and Risk Governance.
  • Framework and Policies.
  • Risk Appetite.

Day 2

  • Incident Data Collection.
  • Risk and Control Self-Assessment.

Programme scope, delivery arrangements and suitability are confirmed during enquiry.