Introduction to Operationnel Risk

No specific requirements.

This training provides a practical understanding of operational risk and its impact on financial institutions.

By the end of the training, participants will be able to:

• Recognize operational vulnerabilities and their impacts
• Assess the effectiveness of existing controls
• Design action plans to address gaps
• Implement strategies to mitigate potential losses
• Strengthen resilience and support decision-making aligned with organizational and regulatory objectives

1. Core Principles

Definitions, key concepts, and sources of operational vulnerabilities.

2. Risk Identification and Assessment

Mapping, impact classification, and root cause analysis.

3. Risk Controls and Management

Preventive, detective, and corrective controls; management of inherent and residual risk.

4. Case Studies

Real examples: external fraud (Caritas), cyber incidents (Post Luxembourg), financial crime (BGL BNP Paribas).

5. Regulatory Framework and Practical Tools

RCSA, risk prioritization matrices, ICAAP integration, and CSSF expectations.

• Identifying vulnerabilities and risk sources
• Risk assessment and prioritization
• Implementing effective controls
• Root cause analysis and corrective actions
• Integration of regulatory requirements

Certificate of attendance.