Operational Risk Management
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Duration : 1 hour
- Significance of operational risk
- Operational risk management programs
- Addressing operational risk
- Measuring and modeling operational risk
Duration : 1 hour
- Loss events
- Risk factors, loss types and event/ factor controllability
- Dependencies between risk factors and events
- Attribution of loss
Duration : 1.5 hours
- Rationale for an operational risk charge
- Basic indicator approach
- Standardized approach
- Advanced measurement approach
- Analysis of quantitative impact survey result
- Role of Pillars 2 and 3
Duration : 1 hour
- Spectrum of risks in banking sector
- Risk synergy in the context of retail banks
- Structural risk management
- Accounting policies, costing and pricing models
- Operational risk in private banking sector
Duration : 1 hour
- Risks exclusive to insurance
- Regulatory issues and its impact
- Alternative risk transfer and finite risk
- Captive insurance companies
Duration : 1.5 hours
- Risk management agenda and targets
- Risk management organization and policies
- Benchmarking internal processes and resources
- Identifying process and resource risks
- Identifying risk factors
- Identifying and categorizing loss events
Duration : 1 hour
- General measurement techniques
- Historical analysis
- Subjective risk assessment
Duration : 1 hour
- Probability distributions
- Building a distribution
- Estimating risk factors
- Choosing an event distribution
- Operational Risk database
Duration : 1 hour
- Risks aggregation
- Monte Carlo loss simulation
- Risk management alternatives
- Analyzing loss events
- Analyzing risky processes and resources
- Analyzing risk factors
Duration : 1 hour
- Loss prediction
- Loss prevention
- Process reengineering and work restructuring
- Product redesign and automation
- Human factors engineering
- ERP and reliability maintenance
Duration : 1 hour
- Diagnostic controls and Inventory management
- Redundant systems and boundary systems
- Computer security and physical security management
- Internal and external audit
Duration : 1 hour
- Legal risk reduction and loss isolation
- Contingency planning
- Redundant systems and boundary systems
- Crisis management
- Risk avoidance
- Quality management phases
- Organizational design, culture and relationship management
Duration : 1 hour
- Financial restructuring
- AssetLiability Management
- Corporate diversification
- Insurance
- SelfInsurance
- Hedging using derivatives
- Contractual risk transfer
Duration : 1 hour
- ORM cycle
- Framework criteria and assumptions
- Current framework approaches
- Measurement process for ORM
- Delta and EVT methodologies
Duration : 1 hour
- Learning and response loops
- Guidelines for effective reporting
- Event reports and Operational profiles
- Risk reports
- Evaluating and updating the risk model
- Implementing bankwide ORM
Duration : 1 hour
- Enterprisewide risk information systems
- Challenges to ERM
- Project Management for an ERM system
Duration : 1 hour
- Topdown risk models
- Bottomup risk models
- Selecting a risk model
- Causal models
Duration : 1 hour
- Issues in contract enforcement
- Board of directors and shareholder activism
- Management responsibility for legal risk
- Transparency
Duration : 1 hour
- Security risks in ebanking operations
- Systems design, implementation, and maintenance flaws
- Customer misuse of products and service
Duration : 1 hour
- Operational risk software
- Some of the software in the market
- Case study Barings, this module gives an insight into what lead to the collapse of Barings.