The final class registration day will be closed on January 05th 2023 at 8 pm. No exceptions are made.
Note: Due to COVID-19 This event will be online only
" Please register for this class using the private email address (GmailWebex,
yahoo, AOL, Hotmail address) and not your organizations' email address.
Many organizations block emails with attachments and block Webex
Dates and Times: All times are New York time (Eastern Standard Time). Please click here to hear the time and date in your location.
Sunday, January 08th, 2023 9:00 AM to 5:00 PM EST
Sunday, January 15th, 2023 9:00 AM to 5:00 PM EST
Prerequisite: Experienced or inexperienced operational risk professionals
Benefits of this class:
Provides training to help candidates to understand Operational Risk Management
Instructor: Jay Ranade, CISA, CISM, CRISC, CGEIT, CIA, CRMA, CISSP, ISSAP, CBCP
Who should attend: Professionals interested in learning about operational risk control objectives, controls, methodologies, and risk management from HR, IT, process management, business units, senior management, CRO’s office, ORM office, internal audit, big 4, and ORM consultants
What Problem Does This Training Help Solve?
Provides training on operational risk assessment, management, risk mitigation, risk acceptance, risk management methodologies, modeling, stress testing, KRIs, KCIs, BASEL II, BASEL III, and many other aspects of operational risk management
Who Should Attend?
Professionals interested in learning about operational risk control objectives, controls, methodologies, and risk management from HR, IT, process management, business units, senior management, CRO’s office, ORM office, internal audit, big 4, and ORM consultants.
Content‐rich manual/course handouts consisting of about 270 foils
This course evaluates operational risk exposures relating to the organization's governance, operations and information systems, in relation to: (a) Operational risk Governance (b) risk and control assessment (c) events and losses (d) indicators. Based on the results of the risk assessment, the student will be able to evaluate the adequacy and effectiveness of how risks are identified and managed and to assess other aspects such reporting, risk modeling, stress test, scenarios, business continuity, disaster recovery, insurance, internal audit, outsourcing risk, people risk, reputational risk, and strategic risk, communication of risk and control information within the organization in order to facilitate a good governance process.
OBJECTIVES OF THE COURSE:
The objective of the course is to develop professionals with an in‐depth understanding of the “Operational Risk Management” so that they will be able to provide necessary management skills regarding to provide assurance that:
ORM Internal controls are in place and are adequate to mitigate the risks,
Governance processes are effective and efficient, and
Organizational goals and objectives are met.
- What is operational risk‐ old definition and new definition of BIS/BASEL II
• BASEL II ‐ Risk from people, failed processes, failed systems, and external events
• Outside BASEL II‐ strategic risk, reputational risk, 95 types of risks
• Operations risk vs. operational risk
• Business case‐ BASEL II capital requirements for OR
• Reserves, capital, and insurance based on L and I factors
• ORM Framework‐ Governance, ORM policy, risk appetite, R&R for ORM
• Setting up timeline for ORM – from project to a program
• Risk and control assessment‐ risk owners, control owners
• Events and losses‐ data collection, data reporting, external loss databases, near misses, BASEL II classification
• Indicators‐ KRIs, KCIs, thresholds, targets, dashboards, leading and lagging indicators, periodicity
• Reporting‐ styles, know the audience, dashboard reporting
• ORM modeling‐ distributions, correlations, internal and external data, confidence level, capital Modeling, qualitative modeling
• Eight business areas of BASEL II and seven types of ORM risks
• Stress tests and scenarios analysis ‐ practical scenarios, near death experience, Gaussian curve, Outside 3‐standard deviations, Mandelbrot’s Chaos, black swan event, fat tail
• Business continuity‐ process, applications, infrastructure, service delivery
• Three lines of ORM defense‐ management, oversight, and audit
• Auditing ORM
• ORM from outsourcing
• People risk
• Reputational risk
• System failure risk‐ IT DR
• BASEL II and BASEL III considerations
• OR and ERM 2017 (COSO FW)
• ORM, Dodd Frank, and FSOC’s OFR
• ORM and systemic risk
CPE Credits: 14 Capacity: webinar - 25 people
Onsite Location: N/A
Live broadcast webinar location: Anywhere in the world
Refund Policy: 80% refund on or before December 09th, 2022. A refund must be requested in writing and will not be accepted after the said date. Cancellation/refund requests will not be awarded once class materials have been sent to the registrants. Anyone who has received the class materials will be required to pay the class fee in full. Failures of payment will be banned from all chapter event until the outstanding balance are clear.
- Very Important:
Anyone who fails to make a payment online will not be considered an attendee. Anyone who has received the class materials will be required to pay the class fee in full. Failures of payment will be banned from all chapter event until the outstanding balance are clear.
- CPE credits can be applied toward each ISACA designation that is held. Full CPE credits will be awarded only if all sections of Exam Preparation classes have been attended.
- Webinar sessions are not being recorded - it's a live broadcast.
- You cannot switch between onsite and online sessions once decided.
- Webinar access instructions are provided 5 days prior to the first day of class.
- For webinar attendees, you can also test if you are able to connect to the gotowebinar website by following the instructions here: http://bit.ly/1JvcdSy