The importance of operational risk management can hardly be overstated. Cases of mismanaging operational risk and the dire consequences from doing so have become all too famous through the financial press. This course provides participants with a solid understanding of operational risk and how to manage it.
Definition of operational risk
Basel II and operational risk
Identifying and managing operational risk
Reducing operational risk
Analysing operational procedures relative to risk
Evaluating and managing IT risk
Managing people risk
Quantitative and qualitative approaches to managing operational risk
Effective controls for operational risk
Operational risk in the fund industry
1 day for up to 12 participants
Risk managers and other financial service professionals with at least 1 year experience in financial services who want to understand operational risk.