Operational risk management

OPERATIONAL RISK MANAGEMENT

Duration : 3 days

CONTENT

COURSE OUTLINE

Topic 1: The role of risk management in the post crisis financial services
Topic 2: Risk Governance
1. Governance (Origins of Corporate Governance; Risk Governance and Strategic Planning; Risk Governance Principles)
2. People / Roles and Responsibilities ( The Board, CRO, Wider Reporting, Systems and Documentation)
3. Process ( Theory, Risk Management Process, Results, Risk Governance Developments)
Topic 3. The Risk Management Framework
1. Risk Capacity ( Resources and Risk Capacity, Stress Testing and Simulation, Setting the Risk Capacity)
2. Risk Appetite ( Risk Appetite in an Organization, An Example Risk Appetite Statement)
3. Risk Policies ( Introduction to Policies, Structure of a Risk Policy, Risk Policies in an Organization, Policy Coverage)
4. Risk Pricing ( Risk Pricing Introduction, Interaction with Internal and External Partners, Capital Costs)
5. Risk Culture ( Risk Culture, Leadership and Risk Culture, The Role of the Risk Management Function in Risk Culture, The Place of Other Staff in Risk Culture, Evaluating Risk Culture)
Topic 4: Risk Assessment
1. Risk Assessment ( Overview, Lifecycle)
2. Risk Scenarios (‘Top Down’ Identification, Workshops, Example Scenario (DR)
3. Process Models (‘Bottom Up’, Control Identification (LinkingTop-Down and Bottom-Up), Process Reviews, Control Framework and Assessment)
4. Operational Risk Issues ( Identify Issues and Design, Actions Plan, Issue Management, Residual Risk, Management Validation)
5. Additional Risk Assessment Topics ( Risk Assessment of New and Expanded Products, Risk Assessment and Third Party Services)

Topic 5: Risk Information
1. Introduction ( Risk Appetite and Risk Profile, Expected Loss, Unexpected Loss)
2. Loss Investigations (Operational Risk Incidents & Investigation, Collecting Loss Data, Quantifying Losses, Boundary Issues, External Loss Data)
3. Key Risk Indicators (KRIs)( Introduction to KRIs, Selecting Appropriate KRIs, Interdependent KRIs, Implementing a KRI, Framework, Risk Reporting & Toolsets,. Data Model, Workflows, Reporting)
Topic 6: Risk Modeling
1. Capital & Risk Pricing ( Basel II and Operational Risk Capital, Frequency and Severity, Combining Approaches, Capital Allocation)
Topic 7: Insurance Mitigation
1. Insurance Mitigation Introduction
2. Risk Taxonomy and Mapping
3. Qualification Criteria of Insurance Mitigation
4. Calculation of Capital Relief

BENEFIT

• Be able to describe the elements of a risk management framework and choose the elements to implement in their own workplace.
• Be able to manage an operational risk assessment program and apply it in their workplace.
• Be able to describe operational risk events, Key Risk Indicators (KRIs) and Reporting and create a KRI framework.
• Be able to recognize how operational risk management can assist the overall business and add value.

WHO SHOULD ATTEND

• Internal compliance team
• Operational risk team
• Basel team
• Internal auditors

TESTIMONIAL

"The Courses at ARFQuant vary in many topics which reward for those who work in the financial sector. The pursuit of these specialized courses is a very arduous process, but the results are well worth the effort. The courses go from theoretical to practical, thus helping to better understand the nature of the problem, as well as how to apply it in practice. Overall, ARFQuant course leaders are very good at teaching and dedicated. Participation in ARFQuant courses helps to increase the systematic and effective learning compared to self-study and self-study." Phương Phùng- OCB

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"A survey on the main issues that the trainees are interested in has been conducted to make sure that the course’s content is fit the needs of the trainees. The training environment was open which encourage the participation of all attendants. Instructors are enthusiastic, supportive and willing to share their knowledge and experience" Phượng Phan - FeCredit

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"The course leader has deep knowledge in risk management, he is enthusiastic and open to the students. Teaching methods attract the attention of students. He usually use stories mixed with humor as examples for the whole class and to create a dynamic atmosphere. The course was organized professionally" Hien Phan - BIDV

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"From the beginning of 2017, I have been experiencing 02 courses at ARFQuant - Statistics - modeling risk, internal credit rating model.

Even the duration of the courses were quite short but the knowledge I obtained from the course is huge, thanks to the special way that ARFQuant’s teachers deliver the course: simple, understandable and valuable. During the course I felt quite comfortable and easy to grasp knowledge. In addition to the mandatory content in the curriculum, teachers share more experiences in learning and research (eg, Mr. Hoang shared his experiences in reading and reviewing FRM and Mr.Fred taught how to handle data when it is bias, etc.).
Materials and lectures are well designed and focused. At the end of the course, I can take advanced knowledge gained in these materials to study and work. However, it would be more complete if the material introduces some other sources of reference so that I can read more after the courses.

If I have the opportunity to attend other courses, I would like to experience at ARFQuant again. " Thảo Nguyễn - OCB

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