Introduction to Operational Risk

25/06/2012 - Pinners Hall, 105-108 Old Broad Street, London, EC2N 1EX

Member Price: £478.80 including VAT
Non-Member Price: £598.80 including VAT

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Today, most institutions agree that an essential part of effective management of operational risk is understanding how operational risk manifests itself in their firms. This one-day workshop will introduce participants to a number of the key aspects of operational risk: what it is, why it has grown in importance, the need to control it, the techniques employed, the regulatory framework and practical approaches to managing it.

Participants will build a solid conceptual foundation and apply this in practice through hands-on case studies and exercises.

Who will benefit?

Individuals with responsibility for operational risk management and developing an approach for their institution. These individuals include members of the risk management staff who are new to the discipline, business unit managers, auditors, compliance officers, information security and business continuity professionals, and regulators.

Key benefits of attending

• Examine the range of operational risks and how they relate to other kinds of risk
• Look at different categories of operational risk
• Discuss the difficulties in standardising definitions
• Review industry and regulatory standardisation efforts
• Identify the current effort to strengthen regulation of operational risk
• Determine the problems regulators have faced with developing a forward-looking framework
• Explore the organisational issues related to setting up and operating an effective operational risk programme, including the acitivities of an ORM discipline, creation of the function, and the rules for ownership and accountability
• Recognise operational risk management tools (self- assessment, risk indicators, internal and external loss databases for benchmarking,  analysis, education, and a rigorous management reporting process)
• Examine operational risk measurement, why it’s important, the various types of measurement, and the challenge of implementing them effectively

• See the programme for this event