New York , NY 10019 Location map
Courtyard Central Park
Operations Risk Management and Mitigation - from Assessment to Implementation
Recently, a series of headline-grabbing operational risk incidents at banks, other financial institutions and even regulators have again brought the issue of operational risk management to the forefront of the agendas of CEOs, CROs, risk managers and internal and external auditors alike. These incidents are wide ranging and flow from bank ATM collapses, bank operating system failures, regulatory settlements in the ongoing US sub-prime mortgage saga, rogue traders and the connected risk managers who either missed or were willfully blind to all the warning signs.
As the size and complexity of financial institutions have increased, so too have the challenges of understanding and reducing operational risks down to truly manageable levels. Increased regulatory concern and scrutiny have also increased the cost of operational risk events in the shape of outright financial loss, regulatory fines and declining customer confidence
Operational Risk Management (ORM) is an effective tool for not only maintaining but increasing, bank profits, shareholder value, public perceptions and goodwill. Executed properly, improvements in ORM can lead to substantial financial, reputational and regulatory benefits – all this adds to increased profitability, greater financial stability and improved customer satisfaction. But to achieve these gains, financial institutions must apply a consistent and comprehensive approach to managing their operational risks. They must also understand that this approach is fundamentally different from the approaches that they use in managing market, credit and liquidity risks.
The objectives of this training course is to provide all staff, irrespective of whether they work in the front-, middle- or back-office, with a sound foundation in the theory and practice of Operational Risk Management. This training is provided in a practical "hands-on" manner that allows them to implement what they have learned easily and effectively.
Key objectives and learning outcomes
The aim of the course is to provide:
Illustrate risk in all its facets
What the Basel Accords say about operational risk and its mitigation
Listing operational risk techniques for assessing, managing and mitigating operational risk
A link between ORM theory and practice
Use coupon code NB5SQH8N and get 10% off on registration.
There may be many networking opportunities at the Operations Risk Management and Mitigation - from Assessment to Implementation. Find out more in the event details below.
Operational Risk Managers
Staff with roles and responsibilities in operational risk in risk management departments, businesses and central departments
All front-, middle- and back-office staff in operational roles
This course is not restricted to management staff alone but to all staff who are required to be "Operational Risk" aware
Exhibitor Information +