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FINANCIAL MARKET COURSES

Operational Risk - Management & Regulation

Operational risk is not new – it has existed ever since the first bank opened its doors for business. What is relatively new, however, is how modern-day financial institutions manage this category of risk. In the past, banks managed OpRisk almost exclusively through internal control mechanisms, supplemented by the internal audit function. While these remain very important, OpRisk management has evolved into a discipline in its own right with specialized personnel, policies, procedures, reporting, measurement techniques, and related technology.

 

This course looks in detail at this more holistic approach to managing this key category of risk. It also describes the Basel requirements for measuring and managing OpRisk, which will impact on how individual institutions organize their own risk frameworks.

  • OBJECTIVES

    On completion of this course, you will be able to:

    Outline, for a typical bank, how operational risk management is organized

    Describe the operational risk regulatory context in which banks operate

  • COURSE OUTLINE

    Topic 1: Managing Operational Risk

    Why Manage OpRisk?

    Consequences of ORM Failures

    Governance Framework

    BCBS Sound Practices

    Risk Control

    o Systems and Processes

    o Clients

    o Documentation

    Independent Evaluation

    Risk Monitoring & Reporting

    Risk Mitigation

    o Business Continuity Planning

    o Outsourcing

    o Insurance

    Topic 2: Operational Risk & Regulation

    Capital Adequacy

    Regulatory Capital

    o Basic Indicator Approach (BIA)

    o The Standardized Approach (TSA)

    • Alternative Standardized Approach (ASA)

    o Advanced Measurement Approaches (AMA)

    o Expected vs Unexpected Losses

    o Which Approach Should a Bank Use?

  • PREREQUISITE KNOWLEDGE

  • ESTIMATED COMPLETED TIME

    75 Minutes

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