Managing Operational Risk - Practical Approaches for Financial Services

While many financial services organizations will have a specialist Risk professional or team managing the risk model, the actual, day to day risks are managed within the business functions. However sophisticated the risk model, therefore, it is critical that managers in the business, who are not be dedicated risk specialists, have the understanding and skills to manage the risks they encounter on a daily basis.

By relating the principles of risk management to everyday business situations, this highly practical course will help you translate the theory of risk management into workable techniques for managing the operational risks in your area and increasing your risk management effectiveness.

In addition, the programme will also illustrate how operational risk management can be a useful tool for achieving targets and goals and improving business performance.

Attending this course will enable you to:

• Relate the principles of risk management to everyday business situations
• Translate the theory into workable and effective risk management techniques
• More usefully interpret and report the risk data you receive
• Distinguish between the controllable and uncontrollable: focus resource
  where impact is possible
• Pinpoint the real causes of risk issues, using a range of recent case studies
• Identify and assess options for improving your current risk controls
• Define the KPIs that help you monitor the overall level of operational risk
• Use operational risk management to drive performance improvements
• Review your current risk management methodology in the light of industry experiences and FSA expectations