Banques et Finance

Risk Management - Operational Risk - Measuring and Managing it

Objectives

Operational risk is the “risk of loss resulting from inadequate or failed internal processes, people and systems or from external events” (Basel Accord). Because operational risk impacts practically every area of financial services, it has become an important area of focus among financial service professionals. This course provides participants with a good understanding of operational risk and how to manage it.

Programme
  • Define operational risk in accordance with market standards
  • Understand the regulatory environment for managing operational risk
  • Identify and categorise the different causes of operational risk in financial services
  • Assess the potential impact of diverse operational risk
  • Understand different quantitative and qualitative approaches to managing operational risk
  • Appreciate the importance and use of an operational risk incident database
  • Identify different means of mitigating operational risk
  • Understand different ways of organising an operational risk management function
Examination

The knowledge acquired from this course can be validated by means of a written examination. The examination consists of true/false and multiple-choice questions. To pass the exam, a candidate must achieve a score of at least 50% of the total points on the exam.

Certificate

This module is part of the Risk Management Certification. To obtain their certificate, candidates must complete 13 days of training in Risk Management and pass the exam for each course. 

More details here: Professional Risk Management Certification

Target Audience

This training course has been designed for anyone who already has good knowledge of risk management and who wishes to acquire a solid understanding of operational risk.

Formation
Formation
& Examen
Examen
EN
16 heures
Chambre de Commerce du Grand-Duché de Luxembourg
voir affichage sur place (Chambre de Commerce du Grand-Duché de Luxembourg)
7, rue Alcide de Gasperi
Luxembourg, L-2981
Luxembourg
cliquez ici pour voir le plan
535,00 EUR