Managing Operational Risk In Banks And Financial Institutions

Objective
This program will ensure participants understand why improper inadequate Operational Risks Handling have been one of the biggest causes of organizational failures. Understand Risk is inherent in every process and system that an organization uses and due to complexity of business operations, advancement of technology, increased customer's expectations and complex regulatory requirements, the management of operational risk has become crucial, for the success and survival of institutions.

What will you/your team member learn

  • Overview & Impact of Operational Risks on Profitability & P&L
  • How Operational Risk is different from other types of risks such as Market Risk, Credit Risk, Compliance Risks and Liquidity Risk
  • 5 steps process – Identification, Assessment, Mitigation, Control Implementation & Monitoring
  • Manage Risks arising out of people, processes systems, external events, legal, and compliance
  • RegTech and its contribution to foreseeing Risk
  • Mechanisms to identify Red flags and Remedies

Who should enrol

  • Risk Management Professionals
  • Consultants & Internal Auditors
  • Internal Controls
  • Compliance Professionals
  • BFSI Branch Heads & Operations Staff
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