Summer 2022 Operation Risk Management (ORM)- (Live Global Webinar)

Starts:  May 7, 2022 09:00 (ET)
Ends:  May 14, 2022 17:00 (ET)

The final class registration day will be closed on May 2nd  2022 at 6 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
links"

Dates and Times: All times are New York time (Eastern Standard Time). Please click here to hear the time and date in your location. 

Saturday, May 07th, 2022  9:00 AM to 5:00 PM EST
Saturday, May 14th, 2022  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

Course Modules 

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.

Course Material:

Content‐rich manual/course handouts consisting of about 270 foils

COURSE DESCRIPTION:

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.

COURSE OUTLINE:

  • 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

• Insurance

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 April 7th, 2022. A refund must be requested in writing and will not be accepted after the said date. 
 

  • Very Important:
    Anyone who fails to make a payment online will not be considered an attendee. 
  • 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