Workshop overview

This workshop explores quantitative framework tools, namely, Risk Events (or Losses) and Scenario analysis. It focuses on their practical application and advocates for moving away from solely risk measurement and capital calculation to active risk management.

Event (Loss) data collection is the most common operational risk component, and the emphasis of this workshop is on the practical yet challenging aspects, examining how to calibrate the thresholds correctly, consider the human element of reporting, and ensure data completeness and accuracy.

The workshop addresses the evolution of the tool in the rise of technology incidents, regulatory non-compliance and data breaches. It also provides a step-by-step guide to developing scenarios, reviewing the process in the context of emerging risks and a discussion on emerging risks financial services firms should have on their radar.

The course is structured to provide the delegates with crucial knowledge as well as ample opportunities for group work and discussion, to address emerging themes and benchmark solutions with peer firms. It is packed with practical tips and hints as well as providing attendees with immediate and constructive feedback on their own example papers.

Learning outcomes

• Examine the evolution of operational risk events
• Structure a value-added risk event reporting and analysis
• Find solutions to challenges around data completeness and accuracy
• Learn how to effectively use scenario analysis for risk management and measurement
• Discuss the best practices in emerging risk process set-up and monitoring
• Explore emerging risks financial services firms should have on their radar
• Make A Difference: Consider steps that you can take to enhance event and scenario practices

Working lunch included – that includes networking, and a chance to ask the trainer your specific questions about the topic.  

This workshop will be offered in a hybrid format, allowing participants to attend either in person or online. After you register for the course, a member of the team will contact you to confirm your preferred mode of attendance. Please be aware that changes to your chosen method of participation may incur an administrative fee, except in cases of extenuating circumstances.

Interested in taking any of our workshops in-house?

Whether you are seeking to upskill your team, enhance productivity or foster a culture of continuous learning, we can deliver customised training programmes designed to meet your specific needs. If you have an enquiry, you can complete the in-house form and our training team will be in touch with next steps.

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