Duration: 60 Days
Presentations & Reading Materials
Multiple Choice Question Answers
Operational Risk is the risk of loss due to failures in people, processes, systems or external events.It underlies many other risks, in particular regulatory and reputation risks, which are fundamental to the business model for financial institutions. It has also become a very costly risk for firms which have not managed it well. The Certificate courseis designed to deliver a practical understanding of operational risk management frameworks and measurement methodologies in an organisation from the financial and Nonfinancial perspective too. It addresses areas of Regulatory Guidelines announced periodically by RBI.
It includes modules on Enterprise Risk Management and Managing Vendor Risk as additional learning .
a. Enterprise wide Risk- Need for Enterprise Risk, Enterprise Risk Framework, Capital Adequacy in ERM, Challenges of the Black Swan ..
b.Operational Risk - Financial perspective
cRBI Guidelines on Operational Risk
d.Tools of managing operational risk(non Financial)
e.Establishing an ORM process
g. Vendor risk- Banks outsourcing, vendor evaluation etc..