Operational Risk Management

New York Institute of Finance

ITEM RISK0442

Self Paced Course

Available Now
Online

$350.00

video_library

Online

update

22 Hours

language

English

school

Professional


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17

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.