ReCh Management Centre - Operational Risk Management for Financial Institutions - Operational Risk Management for Financial Institutions - View courses templates

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Operational Risk Management for Financial Institutions

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Start DateVenue1 Week2 Weeks

Request a dateLondon 2,750 4,200
Request a dateLondon 2,750 4,200

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Course Overview

In this course, we will explain the components of modern operational risk management. Starting with the basics of risk within banking and, tracking the recent developments, we will cover the components currently found in a modern global or regional bank: risk identification, measurement, reporting and especially handling. We will draw on best practices from relevant types of financial institutions and look at the requirements from the governance and regulatory aspects.

There are no formal prerequisites. 

Course Objectives

At the end of the course delegates will be able to:

Fully understand the need for the creation of operational risk frameworks and their impact on the strategy and processes
Develop the understanding of operational risk management necessary to manage, comment and understand  an institution’s own risk management plans and reports
Obtain  a practical and realistic approach to the implementing of an effective, best-practice operational risk management programme and the creation of the necessary risk culture
Understand practical insights of what it takes for a bank to set up a sensible and compliant framework for managing operational risks

Course Outline

The nature of operational risk
Operational risk structures
Why manage operational risk
Internal and external loss data
Measurement and risk-derived capital
Handling identified operational risks
Operational risk governance
Risk and controls self-assessment
Stress-testing and scenario analysis
Implementing a framework

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*Course fee is not inclusive of VAT

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