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Advancing Operational Risk Management and Regulations

It is a fact that better risk management would in return reduces costly risk exposure and if managed and mitigated correctly, can even turn into a valuable competitive advantage.   Banks, investment firms, insurance companies and other financial institutions need to have a robust and effective operational risk management strategy that understand the regulatory and risk mitigation needs of the current environment in order to protect consumer investment as well as protect their own operations for various operational risks. Financial services industry must to raise the bar on operational risk management given the shifting market environment and increased internal and external interest for banks and financial services institutions to run operationally sound and meet compliance requirements. Companies are looking to understand how to better protect themselves, how could operational risks be better managed and what strategies actually do work in the wake of ineffective management systems coming to light given recent events in the marketplace. This comprehensive Operational Risk course is tailored to equip you with the knowledge and understanding to effectively rise above the operational risk challenges today and tomorrow

Turning 'Theory' into 'Practice'?

To stay on top, operational risk managers must constantly re-assess and better their modelling, mitigation, and regulatory processes. This 2-day comprehensive course will explore how different sized financial institutions can yield higher return and risk mitigation confidence by enhancing their operational risk management systems.   Our hands-on training will provide you with the an in-depth understanding of the evolution of operational risk management, providing a first-hand insight to the current national regulatory landscapes and will go over Basel II & III, what it means to your organization, compliance requirements and overall challenges leading banks, investment firms and other financial institutions are facing nowadays.    In addition to providing you with a good grounding in the theories that underpin this discipline, this course will also provide case study examples of leading and emerging risk management techniques in practice. You will also be given the opportunity to work through many of the challenges faced by your own organization in implementing and strengthening your current operational risk management strategy.  

Who should attend?

Chief Officers, Global Heads, Senior Vice Presidents, Vice Presidents, Directors, Managers and Analysts of: Operational Risk, Group Operational Risk, Risk Management, Risk Control, Enterprise Risk Management, Corporate Governance, GRC, Compliance, Bank Examiners, Fraud Fraud Detection, Assessments and Audit Basel Project Managers Examiners Audit Corporate Investigations * To get the most out of this event, we suggest attendees to have a minimum of 2 years experience working with Operational Risk Management within Banks and Financial Services along with a general understanding in the principals within key risk indicators and key risk controls within operational risk.

Key areas to be covered in the programme and documentation

Understand the Suggested Approach and Strategy to Implement Operational Risk within an Enterprise Risk Management Framework

         Create a strategic time line for the effective development and management of a compliant Operational Risk Program

 

Understand how Recent Events have Impacted Views on Operational Risk and what Your Organization Should do from Lessons Learned from these Recent Events and Lack of Oversight

Review recent events and understand how to setup an operational risk strategy to avoid:

         lack of oversight

         poor controls

         lack of understanding of the business from senior management

         map lossess to a risk type

 

Explore and Review Basel II and III and Operational Risk Frameworks that Would be Compliant

  • Establish program compliance to new ruling and requirement expectations that affect the reporting processes
  • Understand regulatory and compliance priorities
  • Develop a operational risk management strategy that would be compliant with Basel III
  • Understand the advantages and challenges that new regulations impact operational risk programs

 

 

Develop a Framework Needed to Identify and Implement Risk Mitigation Strategies

                     Explore integrated risk management systems

                     Review a Process for setting the organizationís Operational Risk Strategy

 

Weigh the Benefits of Operational Risk in Basel II and III Methods

                     Basic Indicator Approach

                     Standardization Approach

                     Advance Measurement Approach

 

Review Best Practices in Stress Testing and Scenario Analysis for Operational Risk  

         Purpose, definition and quantification

 

Quantifying, Measuring and Setting the Appetite for Operational Risk

  • Evaluating concepts to defining the risk tolerance appetite
  • Understanding challenges and strengths among different measurement approaches to operational risk
  • Weighing the tradeoffs to operational risk types
  • Reviewing Key Risk Indicators, monitoring and reporting methods
  • Exploring Key unresolved problems and challenges in measuring and tolerance identification for operational risk managers 

 

Understand the Background Preparations Required Including Control Risk Self-Assessments for a Successful Program

 

Drive Operational Risk Management Support and Active Engagement from Business Units and Senior Leadership

         Win support of senior management

         Conceptualize operational risk issues in a meaningful way through a common language

         Build a stronger case for your organization to draw needed resources

         Gain influence in day-to-day enterprise activities

         Focus on end-goal priorities of the different business units

         Create operational risk measurements that the business agrees to and can understand

         Enable operational risk management to promote educated decision making that in turn facilitates prudent risk management to create risk mitigation culture

         Shedding territorial ownership and sensitivities

          

Develop and Understand Management and Organizational Structure Requirements for Operational Risk

         Define roles and responsibilities required to effectively setup and manage a Robust Operational Risk Management Structure

 

Focus on End-Goal Priorities of the Business Unit and Shedding Territorial Ownership and Sensitivities of Programs

         Create operational risk measurements that the business agrees to and can understand

         Enable operational risk management to promote educated decision making that in turn facilitates prudent risk management to create risk mitigation culture

 

Create a Strategic Timeline for the Effective Development and Management of an Operational Risk Program

Benefits to you

         Understand the how-to and strategy to implement Operational Risk within an Enterprise Risk Management framework

         Understand how the recent events has impacted Operational Risk and what is your organization must do now to be compliant with new requirement and challenges in place

         Explore  Basel III regulations and compliance requirements

         Weighing assets of operational risk in Basel II and Basel III methods

         Examining a Process for setting organizationís Operational Risk Appetite

         Develop a framework needed to identify and implement risk mitigation strategies

         Explore integrated risk management systems best fit for your organizationís operating risk needs

         Structure and Examine Best Practices in Stress testing and Scenario Analysis for Operational Risk

         Understand the background preparations required including self-assessments for a successful program

         Develop and understand management and organizational structure requirements for Operational Risk

          unit and shedding territorial ownership and sensitivities of programs

         Create a strategic timeline for the effective development and management of a compliant Operational Risk Program

Companies already benefiting include:

Duration of Course

Day Course

Course details

January 30-31, 2013 Chicago, IL

For more information about this course and how to register, please contact Emily Jones at emilyj@marcusevansch.com or call 312.540.3000 ext 6714

Other relevant courses include:
  ERM for Banks, Investment Firms, & other Financial Institutions
 
 
 
 

 

Looking to train larger teams in this subject?

 


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Further information

UK Enquiries: +44 (0) 203 002 3057
or dzingim@marcusevansuk.com

Non-UK Enquiries: +420 (0)2 5570 7246
or training@marcusevanscz.com

North American Enquiries: +1 312 540 3000 X6714 or emilyj@marcusevansch.com




Testimonials

"This course will allow my company to develop its existing strategies to a much greater and hopefully profitable level."

Managing Director, Tarmac