Operational Risk Management in Banking

Operational Risk Frameworks:

• Understand the fundamental concepts and components of operational risk.
• Explore various operational risk frameworks and regulatory requirements specific to the banking sector.
• Learn how to establish an effective operational risk management framework within a bank.

Risk Identification and Assessment:

• Develop skills to identify and assess operational risks in banking operations.
• Learn various risk assessment techniques, including risk control self-assessment (RCSA), key risk indicators (KRIs), and scenario analysis.
• Understand how to prioritise operational risks based on their potential impact and likelihood.

Risk Mitigation and Control:

• Learn strategies and best practices for mitigating operational risks in banking.
• Explore risk control techniques, including process controls, segregation of duties, and access controls.
• Understand the importance of implementing effective internal controls to prevent operational failures.

Loss Data Collection and Analysis:

• Gain insights into the importance of collecting and analyzing loss data to identify trends and patterns.
• Learn techniques for data collection, classification, and reporting.
• Understand how loss data analysis can drive risk mitigation strategies and enhance operational risk management practices.

Key Operational Risk Areas:

• Explore key areas of operational risk in banking, such as fraud, cyber risk, compliance risk, and business continuity.
• Understand the specific challenges and mitigation strategies associated with each operational risk area.

Operational Risk Monitoring and Reporting:

• Learn how to establish effective monitoring and reporting mechanisms for operational risks.
• Understand the role of key risk indicators (KRIs) and risk dashboards in tracking and communicating operational risk exposures.
• Explore best practices for reporting operational risk to stakeholders, including senior management and regulators.

While there are no specific pre-requisites to attend this course, it is designed with those from the Banking and Financial Services sector in mind, and draws on many common banking principles and practise.

In so doing, the course makes reference to and use of terms and concepts in Banking.

• Risk managers responsible for managing operational risks within the bank
• Operational Risk Officers and Professionals specifically focused on operational risk management
• Operational Staff and Staff members involved in various operational areas, such as fraud prevention, compliance, IT, and business continuity, would benefit from this course
• Compliance officers responsible for ensuring adherence to regulatory requirements related to operational risk management
• Internal auditors responsible for evaluating the bank's internal controls and risk management practices
• Operations managers responsible for overseeing day-to-day banking operations
• Business Continuity Managers and Professionals involved in business continuity planning and management
• Senior executives, including C-suite members and board members, would benefit from this course as it provides a comprehensive understanding of operational risk management principles and practices.

It's worth noting that the applicability of the course extends beyond these roles, and any banking professional involved in risk management, information security, business continuity, or operations would benefit from gaining knowledge and skills in business operational risk management in banking

While there are no specific pre-requisites to attend this course, it is designed with those from the Banking and Financial Services sector in mind, and draws on many common banking principles and practise.

In so doing, the course makes reference to and use of terms and concepts in Banking.

• Risk managers responsible for managing operational risks within the bank
• Operational Risk Officers and Professionals specifically focused on operational risk management
• Operational Staff and Staff members involved in various operational areas, such as fraud prevention, compliance, IT, and business continuity, would benefit from this course
• Compliance officers responsible for ensuring adherence to regulatory requirements related to operational risk management
• Internal auditors responsible for evaluating the bank's internal controls and risk management practices
• Operations managers responsible for overseeing day-to-day banking operations
• Business Continuity Managers and Professionals involved in business continuity planning and management
• Senior executives, including C-suite members and board members, would benefit from this course as it provides a comprehensive understanding of operational risk management principles and practices.

It's worth noting that the applicability of the course extends beyond these roles, and any banking professional involved in risk management, information security, business continuity, or operations would benefit from gaining knowledge and skills in business operational risk management in banking

What the Course Covers

• Module 1: Introduction to Operational Risk Management
• Module 2: Operational Risk Frameworks and Governance
• Module 3: Risk Identification and Assessment
• Module 4: Risk Mitigation Strategies
• Module 5: Incident Management and Reporting
• Module 6: Business Continuity Planning
• Module 7: Key Risk Indicators (KRIs) and Key Control Indicators (KCIs)
• Module 8: Operational Risk Data and Analytics
• Module 9: Compliance and Regulatory Requirements
• Module 10: Risk Culture and AwarenessModule 11: Risk Reporting and Communication
• Module 12: Emerging Trends and Future Challenges