CERTIFIED MASTER IN OPERATIONAL RISK MANAGEMENT

NAME OF THE COURSE
OPERATIONAL RISK MANAGEMENT
 
CERTIFICATION
CERTIFIED MASTER IN OPERATIONAL RISK MANAGEMENT
 
COURSE OVERVIEW
For internal employees who want to understand and expand their roles related to financial reporting, as well as those who simply need a refresher on financial accounting, this course is the ideal way to get up to speed. By exploring concepts that go beyond basic accounting, this course will enable participants to approach financial auditing with renewed confidence.
The programme will walk participants through an analysis of an organization’s financial statements using case study exercises, where participants will calculate key ratios and analyze trends over time. Engaging in discussions on both historic and current fraud cases, participants will learn how to recognize “red flags” in financial statement reporting.
 
TRAINING DURATION
Total Training Hours : 22 Hours
Training Duration      : 1 Week
Total Training  Days  : 4-5 Working Days
 
TRAINING SCHEDULE
Weekdays (Sunday to Thursday)
Regular Sessions: 4 – 6 Hrs Per day (9am to 2pm or 3.00pm to 9.00 pm)
Food & refreshments Included
Weekends (Friday & Saturday)
Fast Track Sessions: 8 Hours per day (9am to 5pm)
Food & refreshments Included
 
CERTIFICATION
Globally recognized certificate from “Kings Global Career Academy”
 
TEST
No
 
LEARNING AIDS
Yes
 
COURSE MATERIAL
Hard & Soft Copies of Study Material
 
LANGUAGE OF INSTRUCTION
English
 
INSTRUCTOR HELPLINE
Yes
1. Email
2. Social Media (For Emergency requirements)
 
REGISTRATION REQUIREMENTS
1. Passport Copy
2. Curriculum Vitae
3. Passport size photographs
4. Course Fee
 
MODE OF PAYMENT
Cash / Cheque / Credit Card / Bank Transfer.
 
ELIGIBILITY
  • Risk Managers
  • Internal Auditors
  • Accountants
  • Backoffice Employees
  • Controllers
  • Managers
  • Compliance
  • Regulators
  • Account Managers
 
COURSE BENEFITS
  • Position to fully understand the need for the creation of operational risk frameworks and their impact on the strategy and processes
  • To develop the understanding of operational risk management necessary to manage, comment and understand an institution’s own risk management plans and reports
  • To provide a practical and realistic approach to the implementing of an effective, best-practice operational risk management programme and the creation of the necessary risk culture
 
COURSE CONTENTS
Introduction to Operational Risk
 
SECTION 1
  • Defining operational risk
  • Significance of operational risk
  • Operational risk management programs
  • Addressing operational risk
  • Measuring and modelling operational risk
  • Basic Concepts
 
SECTION 2
  • Loss events
  • Risk Factors, loss types and event/ factor controllability
  • Dependencies between Risk Factors and Events
  • Attribution of Loss
  • Regulatory Treatment of Operational Risk under Basel-II
 
SECTION 3
  • Introduction, Definitions and data issues
  • Measurement Methodologies
  • Role of Pillars 2 and 3
  • Sound Practices
  • Operational Risk in Various Banking Sectors
 
SECTION 4
  • Introduction and Spectrum of Risks
  • Accounting policies, costing and pricing models
  • Private banking sector
  • Operational Risk in insurance
 
SECTION 5
  • Introduction
  • Risks exclusive to insurance and Regulatory Issues
  • Alternative Risk Transfer and Finite Risk Captives
  • Captives
  • Developing objectives and identifying risks
 
SECTION 6
  • Risk Management Agenda
  • Risk Management Targets
  • Risk Management Organization and Policies
  • Benchmarking Internal Processes and Resources
  • Identifying Process and Resource Risks
  • Identifying Risk Factors
  • Identifying and Categorizing Loss Events
  • Estimating potential losses – Data
 
SECTION 7
  • Challenges to Operational Risk analysis
  • General measurement techniques
  • Historical analysis
  • Subjective risk assessment
  • Estimating potential losses – Loss distributions
  •  
SECTION 8
  • Overview of probability distributions
  • Building a distribution
  • Probability distributions
  • Estimating risk factors
  • Choosing an event distribution
  • Operational Risk database
  • Analyzing risks
 
SECTION 9
  • Aggregating risks
  • Monte Carlo loss simulation
  • Risk management alternatives
  • Analyzing loss events
  • Analyzing risky processes and resources
  • Analyzing risk factors
  • Loss prediction and prevention
 
SECTION 10
  • Loss prediction
  • Loss prevention
  • Process reengineering and work restructuring
  • Product redesign and automation
  • Human factors engineering
  • ERP and reliability maintenance
  • Loss control
 
SECTION 11
  • Introduction
  • Diagnostic controls and Inventory management
  • Redundant systems and boundary systems
  • Computer security and physical security management
  • Internal and external audit
  • Loss reduction and risk avoidance
 
SECTION 12
  • Legal risk reduction and loss isolation
  • Contingency Planning
  • Crisis Management
  • Risk avoidance
  • Quality management
  • Human resources management
  • Organizational design, Culture and relationship management
  • Risk financing
 
SECTION 13
  • Introduction
  • Financial restructuring
  • Asset-Liability Management
  • Corporate diversification
  • Insurance
  • Self-Insurance
  • Hedging using derivatives
  • Contractual risk transfer
  • Measurement framework
 
SECTION 14
  • ORM cycle
  • Framework criteria and assumptions
  • Current framework approaches
  • The measurement process for ORM
  • Delta and EVT methodologies
  • ORM in practice
 
SECTION 15
  • Learning and response loops
  • Guidelines for effective reporting
  • Event reports and Operational profiles
  • Risk reports
  • Evaluating and updating the risk model
  • Implementing bank-wide ORM
  • Enterprise-wide Risk Management (ERM)
 
SECTION 16
  • Role of technology
  • Enterprise-wide risk information systems
  • Challenges to ERM
  • Project Management for an ERM system
  • Basic and causal models
 
SECTION 17
  • Operational Risk Management (ORM) model
  • Top-down risk models
  • Bottom-up risk models
  • Selecting a risk model
  • Causal models
  • Legal risk and taxation rules
 
SECTION 18
  • Introduction
  • Contract enforcement
  • Board of directors and shareholder activism
  • Management responsibility for legal risk
  • Transparency and collateral
  • Shifting ground in international taxation
  • E-banking
 
SECTION 19
  • Introduction
  • Operational risks associated with Electronic Banking
  • Security risk
  • Systems design, implementation, and maintenance flaws
  • Customer misuse of products and services

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