Rationale
Operational risk is driven by complex, interconnected factors that can be difficult to disentangle, including human behavior, organizational processes, change agendas and cultural issues. Banks that formulate a winning approach to ORM create a risk culture based on formal rules on governance and capital requirements, as well intangible elements such as training and leading by example. Banks that take a comprehensive approach to operational risk management recognize four broad areas that need attention – people, IT, organizational structure, and regulation. The bank then can develop key risk indicators that would serve as early warning signs of potential problems. Once the bank identifies and categorizes each risk, it can then decide on mitigation options. Banks that are integrated and proactive about the way they manage organizational risk can realize real financial benefits and prevent the kind of catastrophe that can have consequences for years to come.
Key Takeaways
This training will guide the participants on how to build an effective operational risk management capability to fully assess the bank’s existing risk profile and then identify all internal and external operational risk events.
Target Participants:
Bank Officers involved in Risk Management, Lending, Program/Project/Portfolio Management and Operations
