Operational Risk Management in Financial Institutions

The course will develop an understanding of the importance of operational risk management within the Banking and Finance industry and build an appreciation for the impact operational risk can have. The focus is on the practical implication of operational risk, rather than just the theory.

To this end real-world examples and case studies are used throughout.  The aim is that participants not only leave with a better understanding of operational risk, but also how better to manage it.    

Key Learning Outcomes: 

• Identify the sources of operational risk and how these arise within the context of financial institutions’ main business activities
• Understand the governance structures, systems, procedures and cultural aspects necessary for an organization to successfully manage operational risk
• Build a 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
• Appreciate the likely impact on the operational risk environment that Basel IV may have.