
Objectives
Operational risk is the “risk of loss resulting from inadequate or failed internal processes, people and systems or from external events” (Basel Accord). Because operational risk impacts practically every area of financial services, it has become an important area of focus among financial service professionals. This course provides participants with a good understanding of operational risk and how to manage it.
Programme
Define operational risk in accordance with market standards
Understand the regulatory environment for managing operational risk
Identify and categorise the different causes of operational risk in financial services
Assess the potential impact of diverse operational risk
Understand different quantitative and qualitative approaches to managing operational risk
Appreciate the importance and use of an operational risk incident database
Identify different means of mitigating operational risk
Understand different ways of organising an operational risk management function
Good to know
Examination
The knowledge acquired from this course can be validated by means of a written examination. The examination consists of true/false and multiple-choice questions. To pass the exam, a candidate must achieve a score of at least 50% of the total points on the exam.
Certificate
This module is part of the Risk Management Certification. To obtain their certificate, candidates must complete 13 days of training in Risk Management and pass the exam for each course.
Target Audience
This training course has been designed for anyone who already has good knowledge of risk management and who wishes to acquire a solid understanding of operational risk.
Automagically translated from French
Organizer
House of Trainings
Where does it take place?
House of Training
7 Rue Alcide de Gasperi
Luxembourg
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