Advanced Operational Risk Management
List Price
$2,470
Member Price
$1,975
Event Id:
668576511
Product code:
334902-19
Format:
2 Day Training Event
Date:
9/12/2018 - 9/13/2018
Learn how to transform the building blocks of your firm’s operational risk management programs into a cohesive operational risk management strategy.
September 12-13, 2018 – San Francisco, CA
Registration Fees
Members | $1,975 |
---|---|
Nonmembers | $2,470 |
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Item Details
Strike the right balance in operational risk management with Richard J. Parsons' new two-day course, building on the concepts of his popular book, "Broke: America's Banking System".
Course Overview
Richard J. Parsons, author of "Broke: America's Banking System" (published in 2013 by RMA) has developed an entirely new, two-day curriculum and program for Advanced Operational Risk Management. In his book, Parsons describes why operational risk mismanagement is at the root of more than 3,000 bank failures dating back over the past three decades.
In the RMA Advanced Operational Risk Management course, Parsons builds on the concepts developed in his book. His approach to Operational Risk Management is pragmatic, fact-based, and data driven. He challenges conventional wisdom, arguing that too much of operational risk management is form over substance.
Parsons' focus is on substance over form. He uses case studies, checklists, and common sense business practices to help bankers strike the right business balance between risk and return. Ideas and documentation presented in this course are structured to help risk managers and senior bankers dig deep into people, processes, systems, and external risk factors from a business of banking perspective.
Since the course places a great emphasis on case studies and real examples of operational risk management failures, participants can expect the course to center on the business of banking. Much of the discussions will take the perspective of P&L managers, senior management, and the board of directors who do not always see operational risk management practices as value-adding.
The program will address:
- Operational Risk Management's Credibility Gap
- Majoring in the Majors of 10X Risk
- Macro External Event 10X Risk KRIs: Processes to Get the "Big Picture" Right
- Velocity and Volume Changes to the Balance Sheet and Income Statement as the Leading Indicator of Operational Risk
- Clear Roles and Responsibilities
- The Holy Grail of Operational Risk Management: Identifying People Risk Early
- KRIs Worthy to Report to the Board
- Critical Processes and Events History Shows Create Heightened 10X Risk
- Quantifying Operational Risk: Capital Modeling and the Implications to Bank Management
Who will benefit?
The RMA Advanced Operational Risk Management course is a deep discussion of the business of banking from the lens of operational risk management. This course is not Operational Risk Management 101. Therefore, it is assumed that participants have at least a working knowledge of the following Operational Risk Management fundamentals: a) RCSAs/BEICFs; b) Scenario Analysis; c) Loss Data and Capital Modeling.
The people who would benefit most from this course include:
- Risk managers (2nd line) with at least 3 years of industry experience.
- Senior managers of lines of business (1st line) with profit and loss responsibilities.
- Finance, human resources, and technology executives whose role in operational risk management must be clearly defined and understood for banks to accurately calibrate operational risk identification and mitigation.
- Bank regulators who seek a broader understanding of the history of operational risk management in bank failures and successes.
- High potential bankers who would benefit from an intense two-day analysis and discussion of the banking industry from an operational risk management perspective.
You will:
- Gain insight into operational risk management's credibility gap.
- Learn how to develop KRIs for macro external event 10X risks.
- Understand velocity and volume changes to the balance sheet and income statement as the leading indicator of operational risk.
- Define clear roles and responsibilities in operational risk management.
- Learn to identify people risk early.
- Quantify operational risk through capital modeling and understand the implications to bank management.
Prerequisites
The course includes pre-reading, PowerPoint presentations, and case studies. Active discussion is expected. The class will include small group work.