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Learn about the Operational Risks faced by Banks and how they identify & mitigate them.
Operational Risk by its nature is hidden and embedded in all the activities.
Incidents like the Barings bank, the global financial crisis of 2007-09, Covid-19 and ransomware attacks have reinforced this fact. The root cause of such unexpected losses has been inadequacy or failure of people, processes and technology.
Every organisation develops risk mitigation methodologies to minimise the loss impact. Developing effective risk management tools mandates a thorough understanding of organisational objectives and risk-related events that might affect the achievement of those objectives.
The fast-paced technological changes, data availability and new business models are transforming the way financial services are adapting to the changes and building Operational Resilience.
In this course, we shall endeavour to understand the concept of Operational Risk, how to build operational efficiency through an integrated approach and discuss global best practices.
The course is structured in eight modules, with each module catering to a separate risk domain.
Introduction:
Module I
Risk:
* Understanding Risk
* Understanding Operational Risk
* Risk Management Process
Module II
Principles:
Module III
Loss Data :
Module IV
Business Environment & Internal Control Factors ( BEICF) :
Risk & Control Self Assessment
Module V
Business Environment & Internal Control Factors ( BEICF):
Key Indicators
Module VI
Scenario Analysis
Module VII
Capital Computation
Module VIII
Module IX
