Course description
Essentials to Operational Risk Management
The effective management of operational risks is a vital component of any financial services firm’s business strategy. Effective management of operational risks will encourage more informed risk taking and help to enhance and retain stakeholder trust.
This interactive course will provide insights into the best current practice in operational risk management and actionable takeaways to implement within your own organisation.
Benefits of attending:
- Learn about the most effective strategies for managing operational risk
- Understand specific risks in financial institutions and their impact on operational efficiency
- Explore operational risk in the context of regulatory change
- Assess the risk culture and appetite and understand how they are critical in supporting the formation of strategy and in supporting decision making
- Place operational risk within broader enterprise risk management and corporate governance structures
- Gain the tools to implement operational risk management in practice
- Explore case studies and practical examples including current best practices and standards
In-house training options
Bespoke - we work with you to develop and deliver bespoke training courses to meet all your objectives. We develop the course and reference materials which can be delivered on a rolling basis or as a unique event, depending on your requirements.
Tailored – If one of our courses already meets the majority of your needs, but requires specific tailoring for a particular group of employees, we can tailor the material and delivery to ensure all the learning outcomes are met.
Standard – your requirements are already met by one of our courses, but you would prefer the course to be run in-house for a number of people.
Do you work at this organisation and want to update this page?
Is there out-of-date information about your organisation or courses published here? Fill out this form to get in touch with us.
Upcoming start dates
Suitability - Who should attend?
Who should attend:
This workshop has been developed for the following organisations:
- Banking
- Insurance Underwriters
- Insurance Brokers
- Asset Management and other FCA/PRA regulated institutions
This workshop has been developed for the following individuals:
- Senior Management
- Financial Officers
- Risk Officers and Analysts
- Internal Auditors
- Operational Risk & Compliance Consultants, Advisers and Managers
- Risk or Control Champions and owners
- Any other staff with roles and responsibilities that incorporate operational risk management in the 1st or 2nd lines of defence
Outcome / Qualification etc.
Learning outcomes:
- Learn how to detect and prevent risks within your firm, assess risk appetite, and set up risk management frameworks and strategies for effective risk monitoring and reporting
- Discover the latest key regulatory requirements affecting operational risk management, such as risk culture and conduct, MiFID, fair pricing, SM&CR and customer vulnerability
- Gain insights into how to effectively implement your risk framework and avoid costly mistakes
- Comprehend the current best practices and standards in operational risk management