Operations Risk Management– Beyond Compliance: A Value Added Incentive

A 3-day intensive course on Operations Risk Management & Mitigation – from assessment to implementation.

Although financial institutions have been managing risk exposures for years operational risk management as a discipline is relatively new. The change in focus to operational risk management has been driven by a number of factors, led by the compliance requirements of regulators. Other critical factors include the complexity of banking & financial products, advances in technology, rapid expansion of bank operations, and the increasing vulnerability of financial institutions to operational failures & losses. The increased attention to Operational Risk has also been driven by a number of major events attributed directly to operational failures.

This course is the basic introduction to Operations Risk management and mitigation. It is intended to move the participants beyond the Basel II compliance requirements for operations risk, and into an understanding of operations risk management and mitigation as a value added proposition, increasing the bank’s profitability and structural strength.

Reducing operations risk takes a proactive structured approach covering such topics as:

Identifying and assessing the operational risk
Controlling and/or mitigating material operational risks
Contingency and business continuity plans

What is the curriculum focus?

Citadel Advantage offers an intensive 3-day course taught by experienced practitioners with extensive Operations Risk experience. As a basic foundation, the course commences by giving a basic introduction to Operations Risk compliance requirements. This is followed by more in-depth sessions moving beyond Operations Risk compliance and into the actual implementation process of a sound Operations Risk Management Program. The benefits derived from the implementation of a sound program are covered in detail.

The course curriculum provides information in a neutral and unbiased manner covering a variety of topics including:

Operations Risk – Definition and Examples
Key elements in managing Operations Risk
Managing Operations Risk - BIS definitions & standards
Developing an Appropriate Risk Management Environment
Policy & Structure
Implementation
Operations Risk Mitigation
Operations Risk: Identification, Assessment, Monitoring, and Mitigation/Control
Operations Risk; Assessing & Managing the Specific Risk Areas of Operations, Wholesale payments systems, and Retail payment systems

Who should attend?

This course intended for Executive Management, Senior Personnel and Operational Staff whom are responsible for the operations risk management program in their respective business unit/division/branch or for carrying out the implementation of that program.

This course also is an ideal introduction for Central Bank staff involved in oversight issues who require a strong Operations Risk foundation.

For specific information contact us at courses@citadeladvantage.com



CITADEL ADVANTAGE		COURSE - Beyond Compliance

	Operations Risk Management– Beyond Compliance: A Value Added Incentive A 3-day intensive course on Operations Risk Management & Mitigation – from assessment to implementation. Although financial institutions have been managing risk exposures for years operational risk management as a discipline is relatively new. The change in focus to operational risk management has been driven by a number of factors, led by the compliance requirements of regulators. Other critical factors include the complexity of banking & financial products, advances in technology, rapid expansion of bank operations, and the increasing vulnerability of financial institutions to operational failures & losses. The increased attention to Operational Risk has also been driven by a number of major events attributed directly to operational failures. This course is the basic introduction to Operations Risk management and mitigation. It is intended to move the participants beyond the Basel II compliance requirements for operations risk, and into an understanding of operations risk management and mitigation as a value added proposition, increasing the bank’s profitability and structural strength. Reducing operations risk takes a proactive structured approach covering such topics as: Identifying and assessing the operational risk Controlling and/or mitigating material operational risks Contingency and business continuity plans What is the curriculum focus? Citadel Advantage offers an intensive 3-day course taught by experienced practitioners with extensive Operations Risk experience. As a basic foundation, the course commences by giving a basic introduction to Operations Risk compliance requirements. This is followed by more in-depth sessions moving beyond Operations Risk compliance and into the actual implementation process of a sound Operations Risk Management Program. The benefits derived from the implementation of a sound program are covered in detail. The course curriculum provides information in a neutral and unbiased manner covering a variety of topics including: Operations Risk – Definition and Examples Key elements in managing Operations Risk Managing Operations Risk - BIS definitions & standards Developing an Appropriate Risk Management Environment Policy & Structure Implementation Operations Risk Mitigation Operations Risk: Identification, Assessment, Monitoring, and Mitigation/Control Operations Risk; Assessing & Managing the Specific Risk Areas of Operations, Wholesale payments systems, and Retail payment systems Who should attend? This course intended for Executive Management, Senior Personnel and Operational Staff whom are responsible for the operations risk management program in their respective business unit/division/branch or for carrying out the implementation of that program. This course also is an ideal introduction for Central Bank staff involved in oversight issues who require a strong Operations Risk foundation. For specific information contact us at courses@citadeladvantage.com