$923.47 – $1,023.95

Operations Risk - Active Management Across Industries

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Dubai

Dubai, Dubai

United Arab Emirates

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Description

In the past two decades Operations Risk Management has been increasingly pushed into the foreground by the work and the requirements of international standard setting bodies. Through various recommendations as well as specific covenants, operational risk management has become merely a compliance issue facing most corporations.

Implementing an effective Operational Risk Management regimen is a complex process. At its core is an understanding of what Operations Risk is and how it can be best managed. All too often firms have seen the need to effectively manage their operational risks as simply an issue of complying with what the regulators require, rather than a disciplined process that serves to not only ensure a business’s survival but which can, in the long run, contribute to that business’s financial fortune.

In this two-day intensive course, we survey the full ambit of Operations Risk Management & Mitigation – from assessment to implementation. During this course we set out a number of key actions which need to be taken by management in the short and medium term to be ready for implementation of a proper risk management program. It is intended to move the participants beyond the local and international compliance requirements for operations risk, and into an understanding of operations risk management and mitigation as a value added proposition, increasing the organization’s profitability and structural strength.

Learning Objectives:

This course has been designed as a primer for executives and senior staff, specifically but not exclusively Board of Management, Risk Management Staff, Senior Managers, Heads of Units, Section Managers and Operations Managers to provide them with a comprehensive introduction to operations risk management, its purpose and structure, standards and implementation issues.

By the end of the training, participants will:

  • Have a clear understanding of operations risk management & mitigation, and how to use this knowledge to manage their own functions more effectively.
  • Have a clear understanding of the all the critical risk issues and how these are identified and managed.
  • Have a comprehensive understanding of the implementation process.
  • Be able to use a structured approach to Risk Management.

Case Study:

This training course uses a combination of theory, examples, and case studies. Most importantly it will offer participants, opportunities to plan such work within small working groups, providing practice in the application of the techniques and tools generating active participation.

Case study materials as well as lecture presentations set out the key issues in developing good operational risk management in a host of different types of business operations.

Course Outline:

The course defines operational risk general theory and. As the operations of a corporation are far from homogeneous, the methodology and measurements of the various (and sometimes competing) departments and divisions must be tailored accordingly. Specific topics are also examined in the form of five specific case studies drawn from a diverse range of business and operational scenarios. These case studies provide practical examples in a diversity of operations areas. The critical issues in operational risk revolve around security concerns, controls, secure operations and the key risk areas (reputation, strategic, credit, liquidity, legal & operations).

While different areas have different business functions and requirements, they do share some common operational risks that need addressing. The solution may not be the same across all corporations and businesses, but their initial examination and mapping usually is.

Speaker:

Richard Barr

Richard Barr
Operational Risk & Back Office Specialist

Richard Barr , holds a B.S. in International Business Administration from San Jose State University in California. His professional experience spans over 23 years, 5 of which were spent with Wells Fargo Bank. Another 5 were spent honing his global banking skills, when Richard was intimately involved with International Trade Finance, Real Time Gross Settlement and Cross Border Banking. The past 14 years have been in the private and high-tech sectors providing high-level consulting services, business analysis, project management and training to a wide range of banking clientele across the globe.

Richard has also filled the role of advisor to central banks on payment systems and technical payments issues. Furthermore, key staff members from the Bank of England, South African Reserve Bank, Central Bank of Ireland, Bank Indonesia, European Central Bank and Bank of Portugal have attended training sessions presented by Richard.


For Registration - http://www.complianceonline.com/operations-risk-management-seminar-training-80525SEM-prdsm?channel=eventbrite


Note: Use coupon code REFERRAL10 and get 10% off on registration.

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Dubai

Dubai, Dubai

United Arab Emirates

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Refund Policy

Refunds up to 30 days before event

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