This programme is designed to achieve the following goals:
- Establish an understanding of:
- How operational risk fits in the content of enterprise-wide risk management today.
- The essential building blocks required for effective operational risk management and how they are
applied in financial services firms today at a strategic and execution level.
- Essential building blocks – Risk classification; Risk appetite; Roles & responsibilities; Governance &
structure;Regulatory & policy compliance; Risk management process (Identification, assessment,
treatment & monitoring); Measurement capital; Data; MIS & culture
- Learn how operational risk roles performed during the financial crisis and the key lessons learned.
- Examine issues critical for regulatory compliance from an operational risk perspective.
- Clarify the management of operational risk in context of the three lines of defense.
- Examine current issues and challenges being addressed by the industry including – Data availability,boundary issues with other risk types, modeling, business buy-in, etc
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