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 in risk management. This course provides participants with a good understanding of operational risk and how to manage it.
Objectives
Define operational risk in accordance with market standards
Identify and categorise the different causes of operational risk
Assess the potential impact of diverse operational risks
Understand different quantitative and qualitative approaches to measuring and managing operational risk
Identify different means of mitigating operational risk
Where does it take place?
House of Training
7
Rue Alcide de Gasperi Luxembourg
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