Risk Management - Operational Risk for Banks

Operational risk is the "risk of loss resulting from inadequate or failed internal processes, people and systems or from external events" (Basel Accord). Because operational risk impacts practically every area of financial services, it has become an important area of focus in risk management. This course provides participants with a good understanding of operational risk and how to manage it.

• Define operational risk in accordance with market standards
• Identify and categorise the different causes of operational risk
• Assess the potential impact of diverse operational risks
• Understand different quantitative and qualitative approaches to measuring and managing operational risk
• Identify different means of mitigating operational risk

• Introduction
• Analysing the causes of operational risk
  • Processes
  • People
  • Systems
  • External events
• Operational risk management cycle
  • Loss data collection
  • Risk & control self-assessment (RCSA)
  • Key risk indicators
  • Other components
• Business continuity management
  • Disaster recovery plan
  • Resolution plan
  • Business continuity plan
• Scenario analyses
• New product approval process
• Future trends in operational risk management

This module is part of the Risk Management Certification. To obtain their certificate, candidates must complete 12 days of training in Risk Management and pass the exam for each course.More details here:  Professional Risk Management Certification