Defining and understanding operational risks
Operational risk is one of the key risks faced by banks, and is one of the most fundamental risks. All banks no matter what their business need to manage operational risk, but defining and understanding it is not a simple matter. Since the implementation of modern regulations this risk is increasingly becoming relevant to everyone in a bank and is not just the responsibility of the risk management professionals. Understand why the mitigation and measurement of operational risk is key to business success in today’s market conditions, how to comply with regulations, and the sound practice techniques for indentifying, mitigating and monitoring one of the oldest risks faced by banks.
Learning Objectives
Workshop delegates will gain an understanding of:
- Operational risk and key terminology
- The Basel II Accord and its operational risk requirements
- Consideration and use of risk and control self assessments
- Development and use of key risk indicators.
Workshop Structure
This workshop is designed as a combination of classroom lectures supplemented by interactive discussions and practical case studies to illustrate solutions to the problems faced in practice.
Who Should Attend
This introductory level workshop will be valuable to all those working financial institutions in the following areas:
- Risk managers and analysts
- Internal and external auditors
- IT and operations professionals
- Business managers and team leaders
- Individuals who are responsible for operational risk monitoring or reporting.
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