Overview

Overview

Public Course

icon-calendar (1)  Upcoming: dates to be confirmed

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icon-globe Language: English / French

icon-award  Level: Intermediate - Advanced

 

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What You Will Learn
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What You Will Learn

On completion of this 2-day course, participants will have gained a greater understanding of Operational Risk Management (ORM) including;

  • Design consistent risk management framework, top-down from risk appetite
  • Describe risk appetite statements from bottom-up observations of risks and controls 
  • Specify relevant indicators for various risks 
  • Focus on preventative risk indicators for some specific banking activities 
Who Should Attend
IESEG Paris

Who Should Attend

  • CROs 
  • Heads of Operational Risk 
  • Enterprise Risk Managers
  • Operational Risk Managers 
  • Internal Auditors
  • Compliance Officers
  • Regulators
Agenda

Agenda

Session 1 - Day One: Risk In, Taxonomy and Interdependencies of risks 

  • ERM in the financial services 
  • Risk identification: tools and techniques 
  • Exposure and vulnerabilities 
  • Rising risks in the financial markets: CRO surveys
  • Risk dependencies: the connectivity view
  • Commonalities between financial and nonfinancial risk management

Class discussion and experience sharing: rising risks in organisations

Session 2 - Day One: Principles and Design of actionable risk appetite 

  • Return: the missing piece of risk appetite
  • Governance of risk appetite: the role of the Board, the role of the risk function
  • Risk appetite and risk drivers 
  • Risk appetite for credit risk (policy)
  • Risk appetite in market risk: exposure and trading limits 
  • Risk appetite in nonfinancial risk: slowly maturing
  • Structure of actionable risk appetite
  • Cascading risk appetite: RCSA & Indicators 
  • Top-down and bottom-up approaches to risk appetite

Class discussion and exercises: Define a risk appetite statement for one or two key risks  

Session 3 - Day One: Preventive KRIs: a method 

  • Features of preventative KRIs
  • Selecting and designing KRI steps by step
  • A typology of KRIs: Exposure, stress, causal and failure 
  • KRI design and reporting

Group work: Participants will have the opportunity to apply this method and share their findings with others in a guided exercise

Session 4 - Day One: Root cause analysis for KRI identification

  • Root cause analysis and lessons learnt from large incidents
  • Cause of the cause: The benefits
  • Bow tie tool: Tracking common failures and systematic patterns 
  • Identifying causal KRIs
  • Root cause and risk prevention

Group work: apply a bow-tie analysis to one of your incidents and share the lessons learnt

Session 1 - Day Two: Control function and KRIs

  • Role of control functions in KRIs and risk appetite?
  • Process mapping: Highlights risks and controls
  • KCIs: Assessing controls: design and effectiveness
  • Typology of controls
  • Typology of human error: The work of James Reason
  • Prevention by design
Group work: Delegates will work on process mapping of relevant activities and share results with the class

Session 2 - Day Two: KRI for Credit Risks

  • Credit risk drivers in retail
  • Key credit risk factors in middle-market
  • KRI in credit allocation
  • KRI in credit monitoring
  • Credit risk elements of sovereign debt
  • Reporting and Governance on KRI

Session 3 - Day Two: Indicators for Compliance, Conduct and Culture

  • Conduct and Compliance: metrics and behaviours
  • KRI in AML / onboarding risk: a case study
  • Case study of a Conduct and Culture change programme
  • Reporting on Culture
  • Other influencers than KPIs
Group work: define and design relevant KRIs for an operational risk of your choice

Session 4 - Day Two: KRIs for project risk management and a new initiative

  • Project management and risk management involvement
  • KRI for projects
  • Reporting on projects and changes
  • Testing KRIs: Assess the validity of your indicators
  • Governance around risk indicators
Class discussion and benchmarking: KRI definition and governance in different institutions
Testimonials

Testimonials

  • “The speaker did an amazing job making a dry subject entertaining and engaging. She was lively and explained concepts in a way that was applicable to all the people in the room. I learned a lot from this training.”

    Puja Shah, Essentials of ORM course, NYC, 2019

    “Extremely enlightening and timely.”

    Benjamin, Dubai, 2018

    “The course simplifies risk management in a practicable manner. “

    Oghale, Dubai, 2018

  • “I enjoyed the class very much and can't say enough about how effective the lessons were. I am already applying what I learned during the course and implementing a lot of your ideas. Thanks!”

    Brian S., New York, 2015

    “Ariane is an exceptional trainer, engaging and she brings her subject to life with lots of examples from many different organisations.”

    Eamon M., London

    “Excellent! Incredibly knowledgeable trainer, who was engaging & inspirational in her delivery. Very practical course.”

    Steve M.

  • “Ariane has been one of the few instructors I've met with a wealth of knowledge in operational risk pillar.”

    Betsy P., New York

    “The trainer used relevant examples and support to make risk topic practical”

    Financial Director - Philippines

    “The trainer provided us with new insights to connect risk management with our business practices”

    IT Manager - Zagreb

  • “The speaker did an amazing job making a dry subject entertaining and engaging. She was lively and explained concepts in a way that was applicable to all the people in the room. I learned a lot from this training.”

    Puja Shah, Essentials of ORM course, NYC, 2019

    “Extremely enlightening and timely.”

    Benjamin, Dubai, 2018

  • “The course simplifies risk management in a practicable manner. “

    Oghale, Dubai, 2018

    “I enjoyed the class very much and can't say enough about how effective the lessons were. I am already applying what I learned during the course and implementing a lot of your ideas. Thanks!”

    Brian S., New York, 2015

  • “Ariane is an exceptional trainer, engaging and she brings her subject to life with lots of examples from many different organisations.”

    Eamon M., London

    “Excellent! Incredibly knowledgeable trainer, who was engaging & inspirational in her delivery. Very practical course.”

    Steve M.

  • “Ariane has been one of the few instructors I've met with a wealth of knowledge in operational risk pillar.”

    Betsy P., New York

    “The trainer used relevant examples and support to make risk topic practical”

    Financial Director - Philippines

  • “The trainer provided us with new insights to connect risk management with our business practices”

    IT Manager - Zagreb

  • “The speaker did an amazing job making a dry subject entertaining and engaging. She was lively and explained concepts in a way that was applicable to all the people in the room. I learned a lot from this training.”

    Puja Shah, Essentials of ORM course, NYC, 2019

  • “Extremely enlightening and timely.”

    Benjamin, Dubai, 2018

  • “The course simplifies risk management in a practicable manner. “

    Oghale, Dubai, 2018

  • “I enjoyed the class very much and can't say enough about how effective the lessons were. I am already applying what I learned during the course and implementing a lot of your ideas. Thanks!”

    Brian S., New York, 2015

  • “Ariane is an exceptional trainer, engaging and she brings her subject to life with lots of examples from many different organisations.”

    Eamon M., London

  • “Excellent! Incredibly knowledgeable trainer, who was engaging & inspirational in her delivery. Very practical course.”

    Steve M.

  • “Ariane has been one of the few instructors I've met with a wealth of knowledge in operational risk pillar.”

    Betsy P., New York

  • “The trainer used relevant examples and support to make risk topic practical”

    Financial Director - Philippines

  • “The trainer provided us with new insights to connect risk management with our business practices”

    IT Manager - Zagreb