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Operational Risk Management

ProTrain Online

Description

Changes in markets, techniques, technologies, and products have altered the landscape of Operations and fueled the explosive development of Operational Risk management. The regulators of financial and public companies are demanding a far greater level of disclosure and awareness by directors about the risks they manage and the effectiveness of the controls they have in place to reduce or mitigate these risks. There is also a greater realization that a major source of earnings volatility can be attributed to the way a firm operates and not "financial risk". All these changes have triggered the need for an efficient Operational Risk Management system in organizations.

Course Topics:

  • Introduction to Operational Risk
  • Basic Concepts
  • Regulatory Treatment of Operational Risk under Basel-II
  • Operational Risk in Various Banking Sectors
  • Operational Risk in insurance
  • Developing objectives and identifying risks
  • Estimating potential losses - Data
  • Estimating potential losses - Loss distributions
  • Analyzing risks
  • Loss prediction and prevention
  • Loss control
  • Loss reduction and risk avoidance
  • Risk financing
  • Measurement framework
  • ORM in practice
  • Enterprise-wide Risk Management (ERM)
  • Basic and causal models
  • Legal risk and taxation rules
  • E-banking
  • Systems and software
  • Case study Barings

Outcomes

After completing this course you will be conversant with:

  • A framework and methodology for measuring and modeling Operational Risk
  • How to identify, analyze, measure and manage risks by employing models and methodologies
  • Various software offered by vendors for Operation Risk Management

Assessment

course quick facts
course code PRO1048
cost $450.00
estimated time to
complete course
42 Hours
course materials
available
3 Months