Risk Management 4: Operational Risks

Fundamentals
  • Introduction and difficulty of operational risk valuation
  • Regulatory framework
  • Definition of operational risk and basic concepts
  • Capital allocation methodology
  • Practical workshop
  • Illustration
  • Focus on advanced methods to calculate operational risk
Operational risk management devices
  • Objectives and challenges
  • Key stages of the implementation process
  • Strategy and policies
  • Organisation
  • Systems
Approach to operational risk management
  • Qualitative analysis
  • Process identification
  • Mapping and quantification of risks and associated controls
  • Quantitative analysis
  • Collecting information
  • Capital calculation
  • Monitoring operational risk
  • Mastering risks (prevention, mitigation, transfer)
  • KRI
  • Process and data reviews
  • Reportings
  • Practical workshop
  • Rolling out a project based on a real case-study
Business continuity plan
  • Objectives
  • Regulatory framework
  • Key factors of success
  • Deployment
  • Practical workshop
  • Illustrations from a real case study

  • Know the key stages of an operational risk management project
  • Master the methodology of operational risk (processes identification, rating risks, information gathering, analysis, risk monitoring and action plans)
  • Understand the evolutions in methodologies for capital allocation (economic capital and regulatory capital)
  • Learn how to implement an IT solution that reduces operational risk
  • Learn the basics for calculating the cost of operational risk
  • Practical approach to operational risk (regulations and methodology) placed in the regulatory and economic context prior to the seminar
  • New recruits in risk management departments
  • Internal auditors
  • Compliance
  • Financial intelligence unit staff
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