We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We may also share information about your use of our site with our social media, advertising and analytics partners. Read more about our Privacy Policy.

I got it!

Implementing Operational Risk Management within an ERM Framework

Sound management of operational risk is an integral part of strong Governance, Risk and Compliance (GRC) and Enterprise Risk Management.

Description:


Sound management of operational risk is an integral part of strong Governance, Risk and Compliance (GRC) and Enterprise Risk Management.  In this session, we will define operational risk and explain how to identify, quantify, manage, and control it.  We will discuss why all employees must be cognizant of these risks in their day to day jobs and how an organization can better manage and control these risks that have resulted in the failure of several high profile firms and significant losses and unwanted press at others. We will also review and discuss the building blocks and key players in implementing an effective ORM program that is integrated into the Enterprise Risk Management framework. 

Why it is necessary for one to attend this training:


Over the past 10 years, financial institutions have suffered significant losses that were not attributable to market or credit risk; risks that are normally well managed and controlled.  Rather, they were incurred due to poor control over all other enterprise risks that are inherent in the day to day operations of the business and known as Operational Risks.
Banks, investment firms, insurance companies and other financial institutions need to have a robust and effective operational risk management strategy, which is well integrated into the ERM framework. They also must understand the regulatory and risk mitigation needs of the current environment in order to protect consumer assets as well as their own operations from various operational risks. The financial services industry must raise the bar on operational risk management given the evolving market environment and the increased internal and external pressure for financial services institutions to be operationally sound and meet compliance requirements.
Attending this training course will enable you to understand how operational risks can be better managed and what strategies actually work in the wake of ineffective management systems coming to light given recent events in the marketplace. This Operational Risk webinar is tailored to equip you with high level knowledge and understanding of today’s operational risk challenges and effective strategies to deal with them.

Will be touching during the Session: 


•    Governance Risk and Compliance (GRC)
•    Enterprise Risk Management (ERM)
•    Introduction to Operational Risk Management (ORM)
•    What are Operational Risks
i.    How are they identified
ii.    Where are they found
iii.    How are they assessed 
•    Risk and Control Self-Assessment (RCSA) Process 
•    How are operational risks quantified
i.    Key Risk Indicators
ii.    Scenario Analysis
iii.    Capital Calculation
•    How are operational risks managed and reported
•    The Risk Profile Report

Please tell us based on your experience, who or what industries will benefit from your training.
This webinar will provide valuable assistance to all personnel in: 
•    Financial Institutions
•    Other  large Corporations
•    Risk Software Vendors
•    Audit Firms
•    Risk Management Consulting
 

When

23 March 2017 @ 01:00 pm

23 March 2017 @ 02:30 pm

Duration: 1 hours, 30 minutes

Timezone: GMT -5:00

Where

Online Webinar

Organised by

GRC Training Solutions (view profile)

Similar Events in Finance

Investor Protection in the EU

Germany, 6 April 2017

Recent Publications in Finance

Recent Videos in Finance

Treaty of Rome: 60 year anniversary

Finance, 24 March 2017

Green Economy Finance Facility

Finance, 22 March 2017

Recent News in Finance

#TreatyofRome back in 1957 proposed the elimination of customs tariffs and the establishment of the Customs Union.… https://t.co/CLcYwjSmYw

@EU_Taxud - 25 March 2017 16:10

Thanks to the EU Customs Union, all citizens benefit from the same import conditions when purchasing goods from out… https://t.co/AfGWJnnloD

@EU_Taxud - 25 March 2017 13:48

The #TreatyofRome established the EIB and defined its mission. These initial objectives continue to guide and inspi… https://t.co/uWwKRdqLlS

@EIB - 25 March 2017 13:19

We're switching off the lights for #EarthHour 2017! At 20:30 CET it's lights out at all 3 ECB sites in the name of… https://t.co/vjGoCQLYBM

@ecb - 25 March 2017 11:17

#EU60 is a chance to reflect on the #FutureofEurope by looking forward

@EU_Budget - 25 March 2017 11:07