• Operations Risk Management & Mitigation

    (From Assessment to Implementation)

    Jan 8 & 9, 2017 | Certificate with 16.5 CPE Credits | Dubai, U.A.E

  • COURSE OVERVIEW

    This is an intensive course on Operational Risk Management & Mitigation – from assessing the operational risks to how to implementing a working, viable operational risk management system. Aimed at the financial services industry this course explores the Operational Risk management function and mitigation requirements as mandated in the Basel Accords. A key objective of this course is to move the participants beyond the operational risk compliance requirements set down in the Basel Accords to an understanding of managing operational risk as a value added proposition that can be instrumental in increasing the profitability of the bank while at the same time improving its structural strength.

     

    Now in 2014, the ongoing continuum of headline-grabbing operational risk incidents at banks, other financial institutions and even regulators continue to keep the issue of operational risk management at the top of agendas of CEO’s , CRO’s, Risk Managers and Internal & External Auditors alike. 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 – in short, a better safer bank/ financial institution. 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.

     

    “Bad" Operational Risk Management has a severely negative effect on financial institutions in four very clear ways;

    • Actual operational risk losses are a direct hit to the income statement.  Equally the massive fines being paid have the same effect.
    • The market punishes companies, via the stock price, for operational risk failures. This loss of value could well exceed the actual financial loss experience by the risk event in the first place.
    • Lowered Credit Ratings, which raises the institutions cost of borrowing money in the marketplace. 
    • Operational risk failures can vastly increase the cost of compliance by raising the level of regulatory scrutiny and complexity not to mention substantial penalties.

     

    All too often banks have seen the need to effectively manage their operational risks as simply an issue of complying with what the bank regulator requires, in this case the operational risk requirements of the Basel Accords, rather than a disciplined process in its own right, that serves to not only ensure a banks survival but which can, in the long run, contribute to that bank’s financial fortune. Implementing an effective Operational Risk Management routine (“Good” Operational Risk Management) is a complex process. At its core is an understanding of what Operational Risk is and how it can be managed.

     

    This course is an intensive introduction to Operational Risk Management and Mitigation. It is designed to provide a practical “hands-on” approach to participants which will furnish them with all the tools and techniques they need to begin implementing what they have learned almost as soon as they return to the office.The underlying course philosophy is to move the participants beyond the largely theoretical international compliance requirements for operational risk (specifically those contained in the Basel Accords), and into an understanding of the practice of operational risk management and an ability to actually implement these procedures.

  • AREAS COVERED

    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 “roadmap” on how to implement an Operational Risk management structure them in practice in a banking organization.

    WHY SHOULD YOU ATTEND :

     

    The objectives of this training course is to provide all staff, irrespective of whether they work in the front-, middle- or back-office, with a sound foundation in the theory and practice of Operational Risk Management. This training is provided in a practical “hands-on” manner that allows them to implement what they have learned easily and effectively the minute they return to the office.

     

    This course provides a complete structured package for learning in all main aspects of the subject of managing Operational Risk under the Basel Accords. It will enable participants to prepare and manage the planning and implementation of operational risk management processes in their bank/ financial institution or firm.This training course uses a combination of prepared tuition, examples, discussions, exercises and case studies.

     

    Most importantly it will offer participants, opportunities to share experiences and plan work within small working groups, providing practice in the application of the techniques and tools generating active participation.

  • WHO WILL BENEFIT?

    ORGANIZATIONS

    • 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 

    PROFESSIONALS

    • 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.   
  • Certificate of Achievement - 16.5 CPE Credits

    Epsilon Training (ID-138587) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.

    "Become a Certified Ops Risk Management Expert"

    CPE Credit: Category's / Field of Study:

    Management Advisory Services: 7 CPE Credits

    Economics: 2 CPE Credits

    Business Management and Organization: 2 CPE Credit

    Computer Science: 1 CPE Credit

    Production: 1 CPE Credit

    Regulatory Ethics: 1 CPE Credit

    Specialized Knowledge and Applications: 1 CPE Credit

    Statistics: 1 CPE Credit

    Social Environment of Business: 0.5 CPE Credit

    Total CPE credits earned in this seminar: 16.5 CPE Credits

  • Richard Barr

    Operations Risk & Back Office Specialist Trainer

    Richard Barr , holds a B.S. in International Business Administration from San Jose State University in California. His professional experience spans over 23 years, 5 of which were spent with Wells Fargo Bank. Another 5 were spent honing his global banking skills, when Richard was intimately involved with International Trade Finance, Real Time Gross Settlement and Cross-Border Banking. The past 14 years have been in the private and high-tech sectors providing high-level consulting services, business analysis, project management and training to a wide range of banking clientele across the globe.

     

    Richard has also filled the role of advisor to central banks on payment systems and technical payments issues. Furthermore, key staff members from the Bank of England, South African Reserve Bank, Central Bank of Ireland, Bank Indonesia, European Central Bank and Bank of Portugal have attended training sessions presented by Richard.

  • DOWNLOAD NOW

    Click here to download the 2-day seminar agenda

  • REGISTER NOW

    For exciting Group or Corporate Discounts,

    please call us at 00-971-502055345 / +1-805-751-5566

     

    Dates Jan 8 & 9, 2017 | Dubai UAE

  • Epsilon Training

     

    Epsilon Training is a premier training and solutions provider that conducts high-impact training for industries of Banking and Financial Services. Our training modules are designed and facilitated by industry experts who possess a strong theoretical and working knowledge.

    Epsilon Training uses Government and industry best practices and relevant software tools to help companies of all sizes accelerate business performance by helping them understand how to effectively operate within the various guidelines and frameworks. The training modules are designed for senior and mid-level management and executives. Epsilon Training offer companies tailor made solutions that suit different professional needs and are available in different mediums– live training sessions at conferences or in-house classroom training, consultation, webinars, and seminars. Whichever training module the organization opts for- classroom training or webinar – each attendee will gain a thorough understanding of the key concepts. Even after professionals successfully complete the training sessions, our experts are available to answer queries and provide whatever assistance is required. What makes Epsilon Training unique is a proven track record, use of latest technology, updated and engaging training modules and competitive pricing.

     

    Epsilon Training (ID-138587) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org

     

  • Contact Us

    Epsilon Training | Unit of Epsilon Global Consulting

    Your 'Training' Destination

    2507, Burlington Tower, Business Bay, Dubai, UAE
    +971-502055345
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