The Operational Risk Management in Banking Training Course provides delegates with a comprehensive understanding of operational risk management principles, frameworks, and best practices within the banking industry and is designed to equip delegates with the knowledge, skills, and confidence to effectively manage operational risks within a banking environment.
Operational Bank Risk
The course is designed for delegates to build and develop their risk management capabilities, regulatory compliance expertise, and contribute to building a robust operational risk management framework within their organisations.
Delegates will gain the knowledge, skills, and confidence to effectively manage operational risks within a banking environment
The Operational Risk Management in Banking course covers key concepts, methodologies, and tools to identify, assess, mitigate, and monitor operational risks faced by banks. It also deals with operational risk management principles, frameworks, and practices specific to the banking industry and covers the practical skills and tools to identify, assess, and control operational risks
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.