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This course, Principles for the Management of Operational Risk in the Financial Industry, is a detailed presentation on best industry practice in the management of operational risk in banks and other financial institutions.

These principles have been developed and issued by the Bank for International Settlements’ (BIS), Basel Committee for Banking Supervision. They also form a part of the well-known “Basel Accords”, which is the set of banking regulations (Basel I, II and III), that provides recommendations on banking regulations in regards to capital risk, market risk and operational risk.

Based on best industry practice and supervisory experience, these principles cover three all-embracing themes: governance, risk management and disclosure.

We examine each of these principles and their relative implementation factors – what the principle means and what should be addressed in putting its requirements in place. We conclude by putting the principles to the test when examining a detailed banking Case Study.

This course brings you up to speed on current practice in the field of managing operational risk in financial institutions. 

 

Learning Objectives

  • Discover the operational risk management principles involved and what they cover.
  • Explore the various implementation issues involved in setting each of these principles in place.
  • Recognize the different types of operational risks and their subcomponents. 
  • Discover the key elements involved in managing operational risk.
  • Explore the three themes involved: governance, risk management and disclosure and their interrelationships.
  • Explore an actual case study and recognize the key operational risk management principles and the issues involved.

2 Reviews (3 ratings)Reviews

3
Member's Profile
I do not have experiences in the Financial Industry. Thanks to the course, I could see specific principles for the management of operational risk.
4
Member's Profile
banking info was informative even if the field is not one a student is in

Prerequisites

Course Complexity: Intermediate

No advanced preparation or prerequisites are required for this course.

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 ext. 106, or send an e-mail to .
Course Syllabus
INTRODUCTION AND OVERVIEW
  2:56Introduction to Principles for the Management of Operational Risk in the Financial Industry
  8:51The Basel Accords
Principles for the Management of Operational Risk
  9:15The Principles for Managing Operational Risk
  2:03The Principles for Managing Operational Risk Continued
  9:49Principles 1 & 2 - General
  11:53Principles 3, 4 & 5 - Governance
  14:30Principles 6, 7, 8, 9 & 10 - Risk Management
  15:06Principles 9 & 10
  2:23Principles 11 - Disclosure
  2:37Basel Accords Operational Risk Summary
Case Study
  10:26Operational Risk Case Study
  9:06Operational Risk Case Study Continued
CONCLUSION
  10:07Conclusion
CONTINUOUS PLAY
  1:49:04Principles for the Management of Operational Risk in the Financial Industry
SUPPORTING MATERIALS
  PDFSlides: Principles for the Management of Operational Risk in the Financial Industry
  PDFPrinciples for the Management of Operational Risk in the Financial Industry Glossary/Index
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM