Operational Risk Identification, Assessment, and Quantification

Financial services professionals, consultants, and sales professionals interested in providing or selling products and services to banks and other financial institutions, and everyone interested in knowing about credit and operational risk exposure to banks and capital requirements to cover those risks in light of the Basel framework

Prerequisite
Please contact us for information about prerequisites.

Expected Duration
60 minutes

Description
The Basel Committee identifies operational risk as the key risk that banks face on account of inadequate or failed internal processes, people or systems, or external events. The Committee requires that banks hold adequate capital to cover these potential losses. Banks use a number of methods and tools to identify, assess, quantify, and respond to potential operational risk events. These may include building and using a loss event database, identifying key risk indicators (KRIs), and using tools such as risk and control self-assessment (RCSA), scenarios, and scorecards. The analysis of historic losses also provides meaningful information for assessing the bank’s exposure to operational risk and for developing a strategy for their mitigation and control.
This course introduces identification, assessment, and quantification of operational risk in a bank or a financial institution including key decisions affecting the determination of internal loss database, the KRI framework, steps in the RCSA process, and operational risk quantification.

Objective

Operational Risk Identification

  • recognize methods to identify and assess operational risk
  • identify internal loss database decisions
  • identify aspects of key risk indicators
  • identify components of a KRI framework
  • recognize characteristics of operational risk identification

Assessment and Quantification

  • identify steps in the RCSA process
  • identify challenges that affect operational risk quantification
  • recognize characteristics of assessment and quantification

MONTHLY SUBSCRIPTION

$129/month
 

ANNUAL SUBSCRIPTION

$1295/year

Multi-license discounts available for Annual and Monthly subscriptions.