Mastering Operational Risk Training - Workshop Day 1 (PowerPoint PPTX)

Operational Risk is the risk of loss resulting from inadequate or failed internal processes, people, and systems or from external events. It is perhaps the most significant risk organizations face. Virtually every major loss that has taken place during the past 30 years, from Enron, Worldcom and Baring's Bank to the unauthorized trading incident at Société Générale and the subprime credit crisis, has been driven by operational failures.

Many financial institutions have spent millions of dollars trying to develop a robust framework for measuring and managing Operational Risk. Yet, in spite of this huge investment, for many organizations, developing a viable Operational Risk Management (ORM) program remains an elusive goal.

ORM involves the systematic assessment of potential operational risks, the implementation of controls to mitigate or eliminate those risks, and the continuous monitoring of the effectiveness of those controls. ORM is an important part of overall Risk Management and helps organizations to identify, evaluate, and prioritize risks in order to make informed decisions about how to allocate resources and implement controls to manage those risks. ORM is applicable to a wide range of organizations and industries, including financial services, healthcare, manufacturing, and government agencies.

This 44-slide PowerPoint is the day 1 presentation taken from a 2-day workshop called "Mastering Operational Risk – Theory & Practice (ORM in Financial Institutions)." This presentation includes the following key sections:

•  Operational Risk Management Methodology
•  Risk Mitigation
•  Measuring and managing Operational Risk
•  Models of Operational Risk
•  Legal Risk
•  Emerging Challenges
•  Operational Risk Systems and Software
•  Case Study

The training workshop presentation is designed for both aspiring and active Risk officers, VPs, MDs, heads of departments, CFOs, CRO, analysts, Operational and Risk Management staff from financial services industry – banks, insurance companies, pension funds, consultancies, software vendors operating in these sectors. It will be also useful for a Risk Manager operating in a nonfinancial sector, as well as for interim Risk Managers and consultants who want to get up to speed with a new or current risk assignment.

This product also includes 2 supplemental documents:

•  Quiz/Self-assessment (Word document)
•  Risk glossary (Word document)