Two Sessions each for 3.5 hours 1:00pm to 4:30pm ET: Session 1: March 1, 2022 Session 2: March 2, 2022
The focus for the Advanced Operational Risk Management course is on a second order of risk management thinking. We endeavor to reduce bank risk – and improve risk-adjusted profitability – by exploring how banks optimize profitability.
In this course, Operational Risk Management is viewed as fundamental to successful banking. Therefore, the class addresses the industry’s four greatest failures: People, Processes, External Factors, and Complex Systems.
This is a thinking course. It challenges class participants to think about “how” risk is created and when risk is out of balance with potential return.
The two-day course is comprised of two 3.5-hour Zoom classes and 16 modules. The modules cover a range of operational risk themes, including the roles of CEOs, directors, risk-takers, and risk-protectors. It also focuses intensely on risk identification and, using rich case studies, highlights factors associated with destructive risk.
Much of the class discussion is centered on People risk. History shows that capable people are the cornerstone of how banks successfully navigate ever-present idiosyncratic and systemic risks.
Attendees should exit the course with a much deeper appreciation for the complexity of banking as well as a foundation of insights that will help them influence the future of their banks.
Module 1: Decision-Makers & Operational Risk Management
Module 2: Megatrends Next 10 Years
Module 3: Complex Systems
Module 4: Operational Risk Management History & Trajectory
Module 5: Identifying Top Systemic Operational Risks 2021
Module 6: Fact-Based Review of Large Losses Across the Industry
Module 7: 10X Risk
Module 8: Failure Modes & Effects Analysis (FMEA)
Module 9: Generalists & Specialists in a Complex World
Module 10: The Search for Too Good To Be True
Module 11: Case Studies for Too Good To Be True
Module 12: Strong Operational Risk Management Starts with “V” Module 13: Clear Roles and Responsibilities: Risk versus Control Jobs
Module 14: The Enterprise Control Functions (ECF)
Module 15: People Risk (Part 1): The Holy Grail of 10X Risk
Module 16: People Risk (Part 2): The Holy Grail of 10X Risk