Latest Tools to Build Robust Operational Risk Management Framework.
Operational risk has emerged as an important and integral component of risk management practice and is regarded as a significant risk that can be found in any process within any organization. The failure of people, processes and systems that represents Operational risk has been attributed to most of the risk management failures that have been witnessed by many global institutions. While market and credit risk remain as the other key focal points of risk management, operational risk cannot be ignored at any cost given its significance in Risk Management. Therefore the topic of Operational Risk covered in this training program is designed to allow participants to gain a thorough understanding of the concept, role and application of Operational Risk and the benefits that best practice Operational risk brings to an organization, if properly and effectively adopted. The main building blocks of an Operational Risk framework, the techniques and tools of Operational risk and the value and associated challenges that Operational Risk brings to organisations in relation to adoption or implementation will also be presented to allow for a full understanding of the entire topic area.