Operational risk essentials

Formation intra-entreprise

À qui s'adresse la formation?

  • Banks - AWM clients
  • Chief Risk Officers (CROs)
  • Risk managers
  • Operational risk managers and analysts
  • Personnel and executives from the second line of defence

Niveau atteint

Avancé

Durée

4,00 heure(s)

Langues(s) de prestation

EN FR

Prochaine session

Objectifs

Operational risk is everywhere in any organisation as is linked to processes, people, systems, or external events. We cannot avoid them all, but their impact can be reduced, if properly managed. If this is not the case, your organisation can suffer actual losses, damage its reputation or face costly disruption.

The Basel Committee has reinforced the importance to have an appropriate and up-to-date operational risk framework in place with robust controls and monitoring processes. In addition, the increase of home-based working, the development of new technologies or the availability of a large amount of data have caused sizeable impacts on business processes and controls. The operational risk landscape has changed and continues to evolve.

This training gives an overview of the different components forming an effective operational risk management framework. It provides some tools, methods and market best practices for the financial industry.

By the end of this training, the participants will:

  • have a better understanding of the different components of an operational risk framework;
  • be able to construct a risk and control self-assessment matrix;
  • be equipped to identify and assess key risks within their organisation.

Contenu

1. Introduction
2. Regulatory environment
3. Operational risk management framework structured methodology
4. Risk governance culture, roles and responsibilities
5. Operational risk strategy and risk appetite
6. Operational risk lifecycle:

  • Risk identification
  • Risk assessment
  • Risk mitigation
  • Risk monitoring and reporting

7. Risk and control self-assessment
8. ORM IT solutions
9. Capital requirements for operational risk
10. Emerging trends within operational risk

Informations supplémentaires

This training will be coordinated by Jean-Philippe Maes, Partner at PwC Luxembourg.

Jean-Philippe is a partner in PwC's Regulatory Compliance services. He leads the firm’s banking and PFS risk Advisory team, chairs the Basel IV taskforce and is the lead advisor for CRD/CRR topics.

He has over 15 years of experience in Basel III areas and has helped many banks, investment firms and management companies to implement Basel III and prepare for Basel IV. He has worked in most dimensions of risk management, from operational risk to internal models, encompassing reporting aspects (such as COREP/FINREP) and governance matters.

Lately, Jean-Philippe has been focusing on risk appetite frameworks and the management of non-financial risks such as climate, conduct or reputational risks.

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