Risk Management - Operational Risk for Banks

Operational risk is the “risk of loss resulting from inadequate or failed internal processes, people and systems or from external events” (Basel Accord). Because operational risk impacts practically every area of financial services, it has become an important area of focus in risk management. This course provides participants with a good understanding of operational risk and how to manage it. 

• Define operational risk in accordance with market standards
• Identify and categorise the different causes of operational risk
• Assess the potential impact of diverse operational risks
• Understand different quantitative and qualitative approaches to measuring and managing operational risk
• Identify different means of mitigating operational risk

• Introduction
• Analysing the causes of operational risk
• • Processes
  • People
  • Systems
  • External events
• Operational risk management cycle
• • Loss data collection
  • Risk & control self-assessment (RCSA)
  • Key risk indicators
  • Other components
• Business continuity management
• • Disaster recovery plan
  • Resolution plan
  • Business continuity plan
• Scenario analyses
• New product approval process
• Future trends in operational risk management

This training course has been designed for a broad audience, i.e. for anyone wishing to acquire fundamental knowledge in Risk Management.

For this training course, an optional exam is available. In case of interest, candidates can choose a date from the list of proposed examination sessions. Registration for the exam must be made at least five days before the chosen exam date. The exam is subject to a registration fee.

The examination consists of true/false and multiple-choice questions. To pass the exam, a candidate must achieve a score of at least 50% of the total points on the exam.

This module is part of the Risk Management Certification. To obtain their certificate, candidates must complete 12 days of training in Risk Management and pass the exam for each course. 

More details here: Professional Risk Management Certification