Operational risk is not new – it has existed ever since the first bank opened its doors for business. What is relatively new, however, is how modern-day financial institutions manage this category of risk. In the past, banks managed OpRisk almost exclusively through internal control mechanisms, supplemented by the internal audit function. While these remain very important, OpRisk management has evolved into a discipline in its own right with specialized personnel, policies, procedures, reporting, measurement techniques, and related technology.

This tutorial looks in detail at this more holistic approach to managing this key category of risk. It also describes the Basel requirements for measuring and managing OpRisk, which will impact on how individual institutions organize their own risk frameworks.

Objectives

Program Content

Target Audience

Prerequisites

Estimated Completion Time : 75 minutes

Registration Information

This short online course can be purchased individually or as part of the following discount scheme(s).

• Risk Management Expert

Once purchased, you will have access to this course for 365 Days.

Cost:

40.00

UK£ EUR US$   excluding including VAT*

Related CPD Courses

• Credit Risk - Identification And Measurement
• Credit Risk - Management And Regulation
• Interest Rate Risk - Identification An Measurement
• Interest Rate Risk - Management
• Liquidity Risk - Management And Regulation
• LiquidityRisk - Identification And Measurement
• Market Risk - Identification And Measurement
• Market Risk - Management And Regulation
• Operational Risk - Identification And Measurement
• Operational Risk - Management And Regulation
• Risk Management - An Introduction

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