Operational Risk

In addition to your class tuition and study materials, you will receive the following:


Case Study

• Course case study

Other Extras

• Certificate of attendance

Level: Introductory


Synopsis:
This course is aimed at providing the delegate with the practical how-tos of operational risk management. Operational risk is the root cause of many past and recent well-published and unpublished cases of financial distress; understanding the importance and management of operational risk is vital to the long-term endurance of any organisation.


At the end of the course participants will be able to: Understand the importance of operational risk . Distinguish between key risk indicators and risk drivers . Categorise operational risk . Understand the building blocks of a good risk-reporting system and the resulting database . Understand the decision process for how to manage operational risk .


Prerequisites:
None


Suitable For:
This course is ideal for operational risk managers and analysts, risk professionals from other areas, HR, compliance officers, legal professionals and anyone in a supervisory role.


Introduction

• What is operational risk?
• Examples of operational risk failures

Steps in operational risk management

• Risk categorisation
• Data collection
• Risk drives and risk indicators
• Risk reporting
• Managing operational risk: Risk Matrices, Swiss Cheese approach
• Operational risk in Basel II