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2 Hours (On-Demand)
CPE Not Available
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Operational risk is defined by the Bank for International Settlements as the "risk of loss resulting from inadequate or failed internal processes, people and systems or from external events." There are four exceptionally wide-ranging factors: internal processes, people, systems, or external events. To make them absolutely clear, the Bank for International Settlements has categorized them into seven distinct groupings that cover virtually every element of the operations of financial institutions outside of the credit and liquidity aspects.

This course examines each of the seven operational risks categories, and it provides a detailed explanation on each risk explaining what it is, what type of events are involved, why these activities pose a risk, and provides participants with clear practical examples.  

Operational risk is intrinsic in all banking products, all banking activities, all banking processes, and all banking systems. The effective management of all of these operational risks is a basic component of a bank’s risk management program.  

Learning Objectives

  • Discover the total risk spectrum.
  • Discover what the individual operational risks are.
  • Explore each of these risk categories, what they are and what causes them.
  • Identify the different types of operational risk.
  • Discover what “Black Swan” events are.

1 Review (4 ratings)Reviews

5
Member's Profile
Another good course with several bits of useful information on what can go wrong across a broad unpredictable future

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
  6:09Introduction to Understanding Operational Risk In Financial Institutions
Understanding Operational Risk
  5:28Understanding the Risk Universe
  13:58Internal Fraud
  12:49External Fraud
  3:345 Employment Practices & Workplace Safety
  14:29Clients, Products & Business Practices
  2:40Damage to Physical Assets
  5:56Execution, Delivery & Process Management
  6:31Business Disruption & System Failures
  8:11Black Swan Events
CONCLUSION
  4:28Why are we so Bad at Recognizing Operational Risk Events
CONTINUOUS PLAY
  1:24:14Understanding Operational Risk in Financial Institutions
Supporting Materials
  PDFSlides: Understanding Operational Risk in Financial Institutions
  PDFUnderstanding Operational Risk in Financial Institutions Glossary/Index
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM