Operational Risk Management – Best Practices

Price: $995   Register now

Course Features

  • Course Code: 112
  • Certificate: Yes
  • CPE Credits: 7
  • Level: Beginner-intermediate
  • Prerequisites: None
  • Method: Live & Virtual
  • Venue: MicroTek
  • Time: 9:00 am – 5:00 pm
  • Registration: 8:30 am
  • Dress Code: Business Casual
  • Category:
  • Course Duration: 1 Day
  • Available Course date: 11/06/2019

This course is for professionals at financial institutions who are looking to set up an operational risk management framework. The course will entail case studies and discussions to assist participants in implementing best practices at financial institutions to manage operational risk.

Course Objectives

At the end of this course, participants should be able to:

  • Define operational risk
  • Discuss supervisors’ expectations of operational risk
  • Enumerate and discuss the Basel Committee’s principles of operational risk management
  • Create best practices to manage operational risk

 Module I        Defining Operational Risk

 Define operational risk

  • Discuss what operational risk management entails
  • Evaluate links between risk appetite and operational risk management

Case Study

Module II       Supervisory View of Operational Risk

  • Discuss how regulators look at operational risk at financial institutions
  • Evaluate whether you are organized to meet regulatory requests

Module III     Fundamentals of Operational Risk Management

  • Enumerate and discuss the Basel Committee’s principles of operational risk management 
    • Governance
      • Board of Directors and Senior Management
    • Risk Management Environment
      • Identification and Assessment
      • Monitoring and Reporting
      • Control and Mitigation
      • Business Resiliency and Continuity
      • Role of Disclosure

Case Study

Module IV     Creating Best Practices at a Financial Institution

  • Establishing scenario analysis and brainstorming groups
  • Identifying rogue traders and establishing detection frameworks
  • Select and implement relevant Key Risk Indicators
  • Establish vendor risk management guidelines
  • Create a framework to cope with IT failures and cyber attacks
  • Developing an operational risk measurement approach
    • Advantages and shortcomings to operational risk measurement

Case Study  

Summary Conclusion and Question and Answer Session

Instructor

  • Mayra Rodríguez Valladares is Managing Principal of MRV Associates.  She specializes in training and consulting solutions for Basel III, Dodd-Frank, risk management, financial derivatives, capital markets, foreign exchange, and corporate finance.  She has worked with private sector and foreign central banks in the US, UK, Latin America Eastern Europe, Central and Southeast Asia, and Africa, …
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