This course focuses on a common operational risk topic and the difficulties in converting the data obtained into real business value. Operational risk management is much more difficult to link to clear business benefits than market risk management and credit risk management. However, for those that manage it, there are many business benefits including aligning your risk profile with your risk appetite and ensuring that your control profile fits your cost budget and your resources budget.

Operational risk losses are notoriously difficult to capture even though the analysis of them gives great business benefit. This course will enable attendees to benchmark their firm’s loss and event capture and analysis leading to an improved understanding of the firm’s risk profile. The course will include a section on the analysis and use of losses and events suffered by competitors, again enabling benchmarking of the attendee’s firm to take place.

The course covers its subject in depth in around three hours. The course is based on the very successful post-graduate rated Operational Risk Professional course which RiskLogix has run for over six years. Jargon is avoided (or explained where it is necessary to use it). No prior risk management experience is necessary, although an open and enquiring mind is essential. Questions from delegates at any time are encouraged and the course is deliberately open and participative.

Learning outcomes

• Distinguish between causes, events and effects
• Differentiate between internal and external events
• Formulate external loss data for internal use
• Design uses of internal loss data for advancing risk management embedding
• Create event procedures
• Propose uses of different types of external loss data
• Apply loss data conditioning and scaling
• Analyse external events to show relevance to internal risk management

Take this training in-house:

This training is also available as an in-house programme, which means you can tailor it to exactly what you and your colleagues require. Pricing for in-house will depend on what is required. Enquire about this option by contacting our training team.

Pricing:

Individual session tickets:

• £450 (+VAT) - Members and Associate Members
• £575 (+VAT) - Non-members

This course is part of the Operational Risk Programme, which includes five workshops in total, see below for information on each: