Key Elements in Managing Operational Risk - Webinar By ComplianceOnline (Banking and Financia)
Venue: Online Event
|Event Date/Time: Sep 12, 2012||End Date/Time: Sep 12, 2012|
Why Should You Attend:
Operational risk is defined by the Bank for International Settlements as the risk of loss resulting from inadequate or failed internal processes, people and systems or from external events. These four factors; internal processes, people, systems or external events are exceptionally wide-ranging and cover virtually every element of the operations of financial institutions outside of the credit and liquidity aspects.
Operational risk is intrinsic in all banking products, all banking activities, all banking processes and all banking systems. The effective management of all of these operational risks is a basic part of a bankâ€™s risk management program.
This webinar â€œKey Elements in Managing Operational Riskâ€ is a step-by-step approach covering the fundamental steps require to manage operational risks (such as inadequate or failed internal processes, people and systems or external events. This is based on the three core approaches to operational risk management expanding into critical issues such as risk analysis, risk appetite, probability, impact, risk mitigation process, with its prioritization and establishing responsibility for same.