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From core to periphery: start with knowing your losses
Class discussion and Case study: participants will review real cases operational loss data analysis and reporting sheets to fuel discussions about their own challenges and issues.
Operational risk drivers today
Class Discussion: participants will share knowledge and experience over the recent challenges they face in the development of operational risk management in their organisations. Examples of losses, events and trends will be given to allow benchmarking.
Class exercise: The value of risk management
Exercise: building on the first session, participants will be asked to develop a set of arguments and facts to demonstrate the value of risk management.
Acting on Corporate Culture
Case studies: Participants will review examples of various corporate culture and their translation in subsequent losses and successes. They will be asked to reflect on their own corporate culture and the possible challenges.
Risk Management Framework
Exercise: Participants will review examples of the best Operational risk frameworks. They will position themselves with regards to market practices, and define steps to move their way up.
Know your risks: effective RCSAs
Practical workshop: Participants will work in groups to draft their own probability / impact matrix for their activity. Each group will then present its results to the rest of the class.
Stretch your risks: scenario planning and stress testing
Exercise: Participants will be given a few topical scenarios and asked to list the elements to consider and plan accordingly for their organisation.
Choose your risks: Appetite Statements
Video and Case study: Losses at JP Morgan: when risk appetite goes wild. Participants will be given details on the JPM hedging losses of April 2012 and its roots in chosen aggressive risk taking.
Pilot your risks: predictive KRIs
Exercise: participants will work in groups to identify, rank and select possible predictive KRI for a given activity of their business, using a structured, demonstrated methodology. They will then share their
results with the rest of the class.
Operational Risk Governance
Class discussion: Participants will share their practices and projects in governing and updating their risk management practices. The wrapup session will summarise the key learning points of the seminar.