Forecasting and
Minimizing Operational Risk Losses
New York, 12-13 September 2017

Large operational risk loss events continue to dominate headlines, causing heavy financial losses and reputational damage. It is essential that financial institutions are implementing robust processes to guard against potential operational risk losses, including effective use of data, modelling and mitigation techniques.

This training course will provide attendees with an in-depth understanding of operational risk losses and their causes. The first day of the event will look in detail at the utilising ORM and non ORM data and using models to improve risk mitigation, including loss distribution approach. The second day will focus on topics such as reporting processes, fraud prevention and the role of conduct risk.

The course is delivered by a variety of leading operational risk practitioners from leading financial institutions; and is held under Chatham House Rule to allow for an open and discussion based learning environment.

Who Should Attend:

The course is primarily aimed at those working in the operational risk function, however Risk welcomes anyone who would benefit from this training course. Job titles may include but are not limited to:

  • Operational Risk Manager
  • CRO
  • Internal Audit
  • Head of Fraud
  • Operational Risk Analyst
  • Risk Appetite and Culture
  • Compliance
  • Enterprise Risk Management
  • Consultants
  • Regulators

Course Highlights:

  • Understand the key drivers of operational risk losses
  • Identify effective ORM data for operational risk quantification
  • Analyse loss distribution approach and loss forecasting
  • Develop strategies to identify appropriate mitigation techniques
  • Understand the impact of poor conduct risk management
  • Develop effective reporting processes

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Learning Outcomes:

By the end of the day, delegates will have new or improved knowledge of:

  • Discuss recent operational risk loss events and identify lessons to be learned
  • Linking loss events to stress scenarios
  • Operational risk and CCAR - building towards compliance
  • Tackle the challenge of mitigation
  • Governance, event reporting, and monitoring
  • Best practice approaches to fraud prevention
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Training Calendar Q3 2017
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