Purpose / Background
The course is focused on various aspects of operational risk and how to effectively manage and mitigate the risk. The program combines theory with group activities and case studies that will allow participants to better grasp the concepts. Along with Information Technology, other important topics include: sound practices to manage operational risk, operational risk capital charge under Basel II, outsourcing, and business contingency planning.
At the end of the workshop, participants will have:
- gained a broad understanding of Risk-Based Supervisory Frameworks and how to apply these to credit, market and operational risk products and activities;
- gained an overall understanding of operational risk management and internal control environments banks;
- sufficient knowledge to describe the role of internal and external auditors, risk management functions and corporate governance;
- become familiar with the role of information technology in banking institutions and the general risk factors and control areas including outsourcing and third party provider dependency;
- gained knowledge to better assess business contingency planning frameworks and the ability to understand catastrophic risks; and
- developed an operational risk assessment process and relate it to capital requirements
Case studies on operational risk management, business continuity management and catastrophic risks, outsourcing risks, information security risks, information technology risk.
This course is aimed at mid-management level bank supervisors from the bank inspection, monitoring and analysis and prudential policy departments who have at least 2 years of bank supervisory experience.
- Mr. Chris Cardoza, Program Director, Toronto Centre
- Mr. Brian Kogan, Director, Operational Risk Division, Office of the Superintendent of Financial Institutions
- Mr. Abhilash Bhachech, Inspector of Banks and Trust Companies, Central Bank of Bahamas
- Mr. John Hobbs, Commissioner, Financial Supervisory Commission of Cook Islands