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Operational Risk Management Series - Virtual Instructor Led Training

Event 

Operational Risk Management Series - Virtual Instructor Led Training
Title:
Operational Risk Management Series - Virtual Instructor Led Training
When:
11 January 2021 - 14 January 2021
Where:
Virtual Instructor-Led Training (VILT) -
Categories:
In House Training , Management , Plant and Engineers , Legal , Finance , Corporate Training
        

Description

4 Part Operational Risk Management:

Reduce and Mitigate Business Operational Risk 
with Financial Risk Manager of the Year

Dr. Robert Mark

Co-Author, Risk Management & The Essentials of Risk Management, 4.3 Stars on Amazon
Alma Mater includes New York University and Harvard Business School

Being an essential part of financial institutions, the Operational Risk Management Series aims to reduce and control potential losses resulting from inadequate systems, management failure, faulty controls, fraud, human error and technology risks among others.

Besides managing his own company, Dr. Mark is also the Founding Executive Director of the Masters of Financial Engineering Program at the UCLA Anderson School of Management. He serves on several boards as well as on Checkpoint’s Investment Committee.

Prior to Dr. Mark’s current position, he was the Senior Executive Vice-President and Chief Risk Officer (CRO) at the Canadian Imperial Bank of Commerce (CIBC). His global responsibility covered all credit, market, and operating risks for all of CIBC as well as for its subsidiaries.

Publications

 

 

Testimonials

“The Essentials of Risk Management had already been recognized as the leading reference on the topic. This fresh update, which includes lessons learned from the financial crisis of 2007-2009, I an even more compelling voice of authority and is accessible to a broad range of managers in the banking industry, the regulatory community, and beyond.”
Darrell Duffie, Dean Witter Distinguished Professor of Finance, Stanford

 “Tragically, the first edition of The Essentials of Risk Management came out in 2006, too late to have had a substantive impact on the pending crisis. Fortunately, the second edition, coming out five years after the crisis, while providing similar content, is also deeply informed by the lessons of the credit crisis. This edition is highly recommended to students and practitioners seeking a broad practical overview of financial risk management.”
Ben Golub, Chief Risk Officer, BlackRock, Inc.

“The Essentials of Risk Management is an important reference for the industry. It covers all of the important risk issues, which should be of concern to business leaders and risk managers, in a clear, comprehensive and accessible manner. It is always my ‘first stop’ in answering questions, and I use it as an overall road map for improving the risk management in my company.”
Thomas C. Wilson, Chief Risk Officer, Allianz SE

“This second edition of this popular book is being released at an opportune time. With their rich academic and practical backgrounds, Crouhy, Galai, and Mark knit together the diverse concepts and practical developments in a comprehensive and comprehensible volume that would be useful for students at business schools, academics, and practitioners. This book is a must for the shelves of both academics and risk managers.”
Marti G. Subrahmanyam, Charles E. Merrill Professor of Finance and Economics, Stern School of Business, New York University

 

Why choose Kexxel’s VILT Courses

NOT a Webinar!
Join our live, virtual courses enriched with a diverse range of interactive activities, such as action plans, group discussions, breakout sessions, exercises, case studies, and more.

Course Materials
An advantageous combination of presentation slides and downloadable workbooks are provided to participants prior to classes for a more holistic learning experience.

Pre-Course Questionnaires
Our instructors will understand the specific needs and requirements of each individual participant, by allowing attendees to review and highlight topics of importance prior to the course.

Private, In-house Sessions
Upon request for organizations seeking a more customised learning for their employees.

Post-event Follow up
Learning doesn’t stop at the close of the window screen! We'll do a post event follow up on a quarterly basis. This is an exclusive, invitation-only access for participants that have attended courses under an instructor in that quarter.

 

Event 1: The Essentials of Operational Risk Management

Overview of Module 1: The Essentials of Operational risk Management – Understanding the Basics, Key Elements and Developments

Operational risk is both the oldest and the latest threat faced by financial institutions. Financial institutions have always had to protect themselves from key threats to their operations, but until relatively recently, the management of these threats focused on practical techniques for minimizing the chance of loss. Over the last decade and more, banks and other financial institutions have put significant energy into wide-ranging frameworks for managing enterprise wide operational risk and have tried to relate operational risk directly to the risk capital that they set aside to cover unexpected losses.

You will learn:

  • Design and implementation of an operational risk framework
  • Foundation and evolution of operational risk management in financial institutions
  • Regulatory perspectives to establish methodologies in operational risk
  • Risk culture values and behavior that shapes risk decisions

[Read more]

 

Event 2: Governance, Data & Quantification of Operational Risk

Overview of Module 2: Governance, Data & Quantification of Operational Risk – Estimating Expected and Unexpected Losses

The focus of this course is on the integration of quantitative and qualitative assessments to identify and estimate operational risk exposures. Academics and regulators have been critical of approaches to quantify operational risk capital for financial institutions. Nonetheless, a granular focus on improving the measurement of operational risk and upgrading the operational infrastructure is increasingly becoming more important in organisations (e.g. analysing and upgrading the processes that lead to operational risk events).

You will learn:

  • Types of operational risks and its correlation to operational risk capital
  • OpVaR calculations
  • The combined approaches to quantifying operational risks
  • Stress testing operational risk
  • Risk Control Self-Assessment (RCSA)

[Read more]

 

Event 3: Risk Indicators, Risk Adjusted Returns & Model Risk

Overview of Module 3: Risk Indicators, Risk Adjusted Returns & Model Risk – Predicting Low Frequency and High Severity Events for Timely, Proactive Action

Key Risk Indicators (KRI) are critical predictors of risk in operational events. The focus of this course is to identify the various types of risks in different business processes, and the variables that provide an estimation of the frequency and severity of an operational risk event. A comprehensive approach to establishing risk indicators and measuring risk adjusted returns enables financial institutions to proactively pinpoint risk, detect emerging risk trends, and identify unexpected potential losses before they happen.

You will learn:

  • Key Risk Indicators (KRI) in proactively measuring operational risk
  • Key Performance Indicators (KPI) in proactively measuring performance
  • The intersection of the different types of model risks with operational risk
  • Regulatory approaches to consider for measuring and monitoring operational risk
  • Importance and impact of emerging operational risks

[Read more]

 

Event 4: Emerging Risks, Mitigating Risk & Future Trends

Overview of Module 4: Emerging Risks, Mitigating Risk & Future Trends – Making Operational Risk Transparent

Operational risks can significantly impact both the reputation and financial stability of a business. This course will assess the various operational risk factors that cause uncertainties. The lack of a strong risk mitigation strategy leads to an excessive number of operational failures and may impact the viability of a financial institution in a severe unexpected operational risk driven crisis. Financial institutions need to develop business strategies that align with the appetite for operational risk and make these risks transparent.

You will learn:

  • The correlation between other types of financial risks with operational risks
  • Impact of emerging risks – namely Cyber Risk, Anti-Money Laundering (AML) Risk and Supply Chain Risk
  • Stakeholder management in operational risk management
  • Future trends and developments in the operational risk management space

[Read more]

 


*******For more details, kindly download the brochure*******

Venue

Venue:
Virtual Instructor-Led Training (VILT)