These incidents are wide ranging and flow from issues like bank ATM collapses, bank operating system failures, regulatory settlements (fines) in the ongoing US sub-prime mortgage saga, rogue traders and the related risk managers who either missed or were willfully blind to all the warning signs.
As the size and complexity of financial institutions has increased, so too have the challenges of understanding and reducing operational risks down to truly manageable levels. Increased regulatory concern and scrutiny have also increased the cost of operational risk events in the shape of outright financial loss, regulatory fines and declining customer confidence.
Operational Risk Management (ORM) is an effective tool for not only maintaining but increasing, bank profits, shareholder value, public perceptions and goodwill.
Executed properly, improvements in ORM can lead to substantial financial, reputational and regulatory benefits – all this adds up to increased profitability, greater financial stability and improved customer satisfaction.
But, to achieve these gains, financial institutions must apply a consistent and comprehensive approach to managing their operational risks. They must also understand that this approach is fundamentally different from the approaches that they use in managing market, credit and liquidity risks.
Join us in Johannesburg, South Africa on 19 & 20 May 2014 for a 2-day intensive course on the fundamentals of the management and mitigation of Operational Risk in banks
Places are limited so you need to act NOW!
What You Will Learn
The aim of the course is to provide;
- An understanding of Risk in all its facets
- What the Basel Accords say about operational risk and its mitigation
- An understanding of Operational Risk Techniques for assessing, managing and mitigating Operational Risk
- A link between Operational Risk management theory & practice
- A clear “road-map” on how to implement a Operational Risk management structure them in practice in a banking organization.
- Commercial Banks
- Central Banks
- Investment Banks
- Bank Regulators
- Asset management firms’ representatives
- Pension funds
- Hedge funds
- Leasing companies
- Insurance companies
- Fund managers
- Other financial institutions
- Financial Officers.
- Risk Officers.
- Internal Auditors.
- Operational Risk Managers.
- Compliance Officers
- Staff with roles and responsibilities in operational risk in risk management departments, businesses and central departments.
- All front-, middle- and back-office staff in operational roles.
- This course is not restricted to management staff alone but to all staff who are required to be “Operational Risk” aware.
For a full brochure e-Mail us at courses@citadeladvantage.com with OPSRISK-JHB in the subject line or REQUEST BROCHURE on-line.
To Register for this course: e-mail us at courses@citadeladvantage.com requesting a registration form or REGISTER ON-LINE