Operational Risk Management In Banking And Financial Services (Masterclass 2024)

Operational risk management is the center of every bank & financial institution’s operations. This ongoing process involves risk assessment, risk decision-making, and adopting internal controls to mitigate or avoid different kinds of risks, including cybersecurity risks, compliance risks, third-party risks, behavioural risks, regulatory risks.

Having a robust operational risk management strategy can help banks & financial institutions create more secure and profitable organizations. By incorporating efficient operational risk management strategies & frameworks into the firm’s systems, processes and culture, it will allow the firm to operate effectively, execute business strategy, and prevent large-scale or severe risk issues even in times of crisis.

That said, it is challenging to formulate an operational risk management strategy that captures business continuity plans, environmental risk, crisis management, process systems and operations risk, people related risks and health and safety, and cyber & information technology risks whilst anticipating emerging threats. 

Plus, the severe disruptive effects of Covid-19 on banks’ activities, have made identifying, measuring, controlling, and monitoring operational risk at banks more important & complex than ever. Also, new Basel IV regulatory requirements has made it even more operational risk management event more complex for financial institutions.

This is why we have developed this Operational Risk Management in Banking & Financial Services Masterclass where we will deep dive into best practices and solutions around operational risk management challenges in and around design, planning, implementation and measuring the performance of your operational risk management strategies, in light of post covid-19 requirements, evolving risk & threat landscape, and new regulatory requirements such as Basel IV.

Through case studies, practical insights and real-life experiences, led by a truly international expert trainer, Equip Global’s interactive 4 day Operational Risk Management in Banking & Financial Services Masterclass will cover all of the above and more to provide you with information that can really help you grasp practical knowledge and develop and implement a robust Operational Risk Management Strategy.

Who Should Attend:

• This masterclass is aimed at all industry professionals across banks, insurance companies, financial services providers & financial institutions with an interest & responsibility in improving your knowledge on the planning & development of operational risk management strategies including Chiefs, Directors, Heads, Vice Presidents, Managers, Executives & Analysts of the following departments
• Operational Risk
• Enterprise Risk
• Risk Management
• Risk Reporting
• Risk Strategy
• Internal Audit
• Compliance
• Operations
• Business Continuity Management
• Governance

10 Key Reasons to Attend:

• Learn to Identify & mitigate key sources of operational risk and how these arise within the context of banks & financial institutions’ main business activities
• Understand the governance structures, systems, procedures and cultural aspects necessary for an organization to successfully manage operational risk
• Build in-dept knowledge of the main techniques for the measurement and quantification of operational risk and their relative merits and drawbacks, including the importance of strong controls and Key Risk Indicators
• Find out how you can improve & realign your operational risk management strategy in a post-Covid 19 business environment
• Gain insights on how you can tackle key emerging risks & threats such as cyber security risks, third party risks & regulatory risks
• Improve key aspects of your operational risk management framework such as data governance, control design & implementation and risk modelling
• Learn how to Develop an effective & robust business continuity management & crisis management plan to stay operationally resilient
• Appreciate the likely impact on the operational risk environment that Basel IV may have and how you can manage them successfully
• Improving your bank or financial institution’s decision-making capabilities when it comes to complex operational risk scenarios
• Hear from an international expert trainer with over 30 years of industry experience in the banking sector. Plus! Through the many case studies and experience sharing sessions, develop you and your team’s capabilities in effectively managing operations risks!