Operational Risk Management in Financial Institutions
In today’s rapidly evolving financial landscape, operational risk management has become a strategic necessity for institutions seeking resilience and sustainability.
- 5training days
- 6modules
- 11sessions
- 32topics
About the programme
Course Overview
In today’s rapidly evolving financial landscape, operational risk management has become a strategic necessity for institutions seeking resilience and sustainability.
Operational risks arise not only from technical failures or human errors but also from inadequate processes, weak internal controls, and external threats such as fraud or cyberattacks.
Financial institutions, due to their complexity and sensitivity, require robust frameworks to identify, assess, and mitigate these risks effectively.
This five-day workshop is designed to equip professionals with a comprehensive understanding of operational risk in financial institutions.
Expected Learning Outcomes
Understand the nature and sources of operational risk in financial institutions
Learn quantitative and qualitative risk assessment tools
Design a comprehensive operational risk management framework
Develop emergency response and recovery plans
Promote a risk-aware culture across the organization
Improve coordination between departments for effective risk mitigation
Who Should Attend
Operational Risk Managers in banks and insurance companies
Compliance and Internal Control Officers
Operations and Technical Department Managers
Internal and External Auditors
Governance and Risk Management Consultants
Cybersecurity Officers in financial institutions
Financial sector entrepreneurs
Professionals seeking to enhance their risk management skills
Course Modules
Open any module to see its sessions and topics.
01will explore global standards, practical tools, and real-world case studies to develop effective risk management strategies.
Session 1
- Through interactive sessions, they will learn how to build resilient systems, enhance institutional awareness, and respond proactively to operational disruptions.
- The workshop blends theoretical insights with hands-on applications, offering a unique opportunity to strengthen leadership capabilities in risk governance and ensure long-term institutional stability.
02Fundamentals of Operational Risk
Session 1Definition and Classification of Operational Risk
- Differentiating operational risk from other risk types
- Internal and external sources of risk
- Real-world examples from the financial sector
Session 2Impact of Operational Risk on Institutional Performance
- Financial and reputational losses
- Strategic implications of risk
- Key performance indicators for operational impact
03Risk Assessment and Analysis Tools
Session 1Quantitative and Qualitative Assessment Methods
- Scenario analysis techniques
- Risk evaluation matrices
- Measuring likelihood and impact
Session 2Technology in Risk Analysis
- Risk management software
- Operational data analytics
- AI tools for risk prediction
04Building a Risk Management Framework
Session 1Designing Policies and Procedures
- Elements of a risk management system
- Roles and responsibilities
- Integrating risk into daily operations
Session 2Governance and Compliance in Risk Management
- Role of board and senior management
- Governance-risk relationship
- International standards (e.g., Basel III)
05Emergency Response and Recovery
Session 1Developing Operational Contingency Plans
- Identifying critical scenarios
- Building rapid response strategies
- Testing and updating plans regularly
Session 2Crisis Management and Institutional Recovery
- Crisis lifecycle stages
- Internal and external communication
- Restoring operations post-disruption
06Institutional Culture and Continuous Monitoring
Session 1Building a Risk-Aware Culture
- Staff training and awareness
- Promoting preventive behaviors
- Linking risk management to performance reviews
Session 2Ongoing Monitoring and Performance Improvement
- Risk performance indicators
- Periodic policy reviews
- Continuous improvement and learning from failures
Complete your registration
We will contact you within one business day to confirm.