Course Description
This program is designed to provide a comprehensive training to managers and executives involved in operational risk. It is an essential building block for all institutions and risk managers who are willing to upgrade their operational risk management practices, share the best practices in the market and learn more about the current trends and approaches in operational risk today.
The workshop is thought by international risk consultants and professional trainers, fully accredited member of the Institute of Risk Management and a professional member of the Institute of Operational Risk. It details the best practices in Operational Risk Management and addresses the most topical issues in the field.
Session 1: Introduction: Risk, Losses and Benchmark
This introductory session will help the participants to warm up to the topics and concepts to be discussed over the six days. ORX heat maps and examples of losses will be used to discuss their loss levels compared to others in the industry.
Session 2: Operational Risk Framework
Session 3: Risk Appetite Definition, Statement and Commmunication
Session 4: Operational Risk Governance
Session 1: Loss Data Base, Management Information and Modelling
Case study: Real case op risk data analysis and story from an international banking institution, real case example of efficient reporting sheets in banks.
Session 2: Effective Risk and Control Self Assessment
Practical workshop: Participants will work in groups to draft their own probability / impact matrix for their activity. Each group will then present its results to the rest of the class.
Session 3: Translating Risk Appetite into Risk Indicators
Class discussion: participants will share their experience with regards to the use of indicators in their organization
Session 4: Selecting Predictive KRIs
Class exercise: participants will work in groups to identify, rank and select possible predictive KRI for a given activity of their business, using a structured, demonstrated methodology. They will then share their results with the rest of the audience.
Session 1: Scenario analysis and planning
Exercise: What about us? Selecting relevant scenario for your company
Session 2: How do you know it works? Measuring the effectiveness of risk management
Exercise: assessing progress made since the start of an ORM program
Session 3: Implementing the Desired Risk Culture
Session 4: Wrap – up
The seminar is designed as a highly practical and interactive training on top current issues in Operational Risk Management. All sections of the workshop will include examples, group discussions and exercises. Basic knowledge in risk management and control is recommended. Active participation of the class is encouraged to benefit from the full value of the course. All delegates will receive comprehensive course documentation for use before and during the program. This will enable them to return to their organization with an extensive and valuable source of information for future reference.
About the Provider
Course Provider Contact
Program Dates: 07 - 11 October 2019
Registration Closes on: 31 August 2019
Venue: Royal Plaza
Program Fee: $2950
Fee Covers:
For registration, please email us to:
trainings@risalatconsultants.com or risalattrainings@gmail.com
Skype: risalatconsultantsint ; Call Viber/WhatsApp: +995 555 11 66 22
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