Course details
Although operational risk has always existed as one of the core risks in the financial industry, it is now becoming an ever more salient feature of risk management in the presence of new threats to financial stability arising from poor corporate governance, systemic vulnerabilities, rapid financial innovation and the proliferation of financial products, which may involve several business lines. Implementing an effective ?Operational Risk Management? (ORM) framework is a complex process which requires an in-depth understanding of the nature of risks involved and strategies to mitigate them. Regulators including Basel Committee for Supervision of Banks (BCSB) are also becoming more concerned and are urging banks to devote more competent resources to understanding and managing of operational risks. Thus understanding and managing operational risk are becoming key components of overall risk management framework within financial institutions.
Learning Outcomes
On successful completion of this course, participants will be able to:
- Understand risk management drivers (Business/ Regulatory)
- Understand operational risk and its sources
- Measure operational risk and its impact on Capital Adequacy Ratio (CAR)
- List Basel Committee recommendations on managing operational risk
- Define an operational risk management framework
- Outline the consequences of not managing operational risk
Target Audience
Risk Management professionals (beginner and intermediate); operational ?Line Managers?; internal auditors; other staff with roles and responsibilities relating to operational risk in various departments/businesses
Entry Requirements
None required
Updated on 08 November, 2015Course Location
About Bahrain Institute for Banking & Finance
We_They plays a vital role in the training and development of human capital in the Kingdom of Bahrain. Our commitment to excellence has strengthened our position as the top provider of quality education across all major business disciplines. We serve as a partner to numerous world-class institutions; delivering thought leadership, research and advisory, assessment and training in the areas of Accounting and Finance, Academic, Executive Development, Banking, Leadership and Management, Insurance, Islamic Finance and Information Technology; resulting in a complete business solution.
We_They covers a wide spectrum of subject matter, with over 300 different courses offered to the financial and corporate market; tailor-made training solutions based on organisational requirements; specialised programmes taught by leading market specialists; and professional qualifications and degree programmes in partnership with major international organisations.
We_They continues to exceed global benchmarks for many of the qualifications it offers with its affiliates.
Since its inception in 1981, We_They has grown from training 450 applicants a year primarily within the banking industry, to 20,000 drawing participants from all sectors of the economy, and are proud to have qualified over 200,000 learners in the last 3 decades.
Our faculty comprise of market practitioners, academics and qualified senior industry professionals. Their perse backgrounds ensure an enriched participant experience, striking the perfect balance between theory and practice.
We_They has made its mark internationally with clients in Asia, Africa, Europe, USA and the Middle East, well on its way to becoming the global institute of choice.
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