Training Objectives

By the end of the programme, participants will:

• Understand key concepts of operational risk and its importance in financial institutions
• Learn regulatory requirements and guidelines (EBA, CBC, ESMA, CySEC)
• Develop skills to identify and assess operational risks
• Explore methods for monitoring and mitigating operational risks
• Implement a robust operational risk management framework
• Analyse case studies on operational risk failures and successes
• Enhance risk reporting and communication strategies
• Integrate operational risk management with other risk types
• Understand the role of technology in managing operational risk

Training Outline

Introduction to Operational Risk

• Definition and Importance
• Key Components and Types

Regulatory Framework and Guidelines

• EBA, CBC, ESMA, CySEC Requirements

Risk Identification and Assessment

• Tools and Techniques
• Risk and Control Self-Assessment (RCSA)

Risk Monitoring and Reporting

• Key Risk Indicators (KRIs)
• Incident Reporting and Analysis

Risk Mitigation Strategies

• Control Mechanisms
• Business Continuity Planning

Case Studies and Best Practices

• Analysis of Operational Risk Events
• Lessons Learned

Integration with Enterprise Risk Management

• Linking Operational Risk with Other Risk Types

Who Should Attend

• Risk Managers
• Compliance Officers
• Internal Auditors
• Operational Risk Analysts
• Financial Controllers
• Senior Management
• Regulatory and Compliance Professionals

Training Style

The training style is interactive, combining lectures, real-life case studies, group discussions, and practical exercises. Participants will engage in scenario analysis and risk assessment simulations to solidify their understanding of operational risk management.

CPD Recognition

This programme may be approved for up to 7 CPD units in Financial Regulation. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.

In-house Training

For groups within the same organisation, this course may be customized to meet any specific needs and delivered in-house.