Operational Risk Management Framework

Embark on an in-depth exploration of the Operational Risk Management Framework, where participants will gain a comprehensive understanding of the strategies and tools necessary to identify, assess, and mitigate operational risks in financial institutions. This program will guide participants through the following critical areas:

• Fundamentals of Operational Risk Management:
  • Understand the core principles of operational risk management, including the identification of key risk indicators and the implementation of risk control measures. Participants will explore how operational risks can emerge from internal processes, systems, or external events, and how to manage these risks effectively.
• Risk Assessment and Quantification:
  • Delve into the methodologies used to assess and quantify operational risks. Learn how to perform risk assessments that encompass scenario analysis, risk mapping, and loss data collection. Understand the importance of evaluating the potential impact of risks and the likelihood of their occurrence.
• Designing and Implementing Risk Control Mechanisms:
  • Explore the development of risk control mechanisms that can prevent, detect, and mitigate operational risks. Participants will gain insights into designing internal controls, implementing risk mitigation strategies, and monitoring risk exposure to ensure organizational resilience.
• Regulatory Compliance and Reporting:
  • Navigate the complex landscape of regulatory requirements related to operational risk management. Learn how to ensure compliance with international and local regulations, and how to prepare comprehensive risk reports that meet regulatory standards.

By the conclusion of this program, participants will have developed a robust understanding of the Operational Risk Management Framework. They will be equipped with the knowledge and tools necessary to implement effective risk management practices that safeguard their organizations against operational disruptions and ensure compliance with regulatory standards.