2011 - 3rd Annual Operational Risk Management Conference

3rd Annual Operational Risk Management
10th - 11th October 2011, Dubai, UAE

"Over 40% of Middle Eastern companies lack risk policy" - CMCS Risk Survey 2010

An operational risk is, a risk arising from execution of a company's business functions. As defined by The Basel Accord, an Operational risk is "the risk of loss, resulting from inadequate or failed internal processes, human behaviour and systems or from external events". In the recent years, Operational Risk Management has become increasingly important for financial institutions and regulators alike as it portrays a pivotal role in effective management of business operations. The depth and breadth of issues involved within Operational Risk Management has led to ongoing confusion about how to identify and manage it. As a result, coming to terms now with operational risk must become a strategic imperative for organizations, especially for financial services giants.

Financial experts say poor operational risk management has been the underlying cause of every major financial services loss over the past two decades. The SOA's report says "Many financial firms have spent millions of dollars hoping to improve their management of operational risk, but those initiatives do not appear to have achieved their desired objectives. Developing an effective method of managing operational risk is proving to be a daunting task."

The 3rd Annual Operational Risk Management Forum organized by Fleming Gulf differentiates itself by serving as a platform to address the prevailing impediments, and provide pragmatic solutions with the aid of insights from leading industry experts.

Key speakers:

Kumar Natarajan, Head of Operational Risk, Mashreq Bank
Ramkumar Pavothil, Head of Operational Risk, National Bank of Fujairah
Dr. Sunando Roy, Inspection Adviser, Central Bank of Bahrain
Dr. Dayanand Pandey, Head of Banking and Finance Program, The British University in Dubai
Sohail Farooq, Chief Risk Officer, Oman International Bank
Yawar Gardezi,Head of Operational Risk , Al Rajhi Bank
Dr. Bjorn Lenzmann, Group Head of Operational Risk, Emirates NBD
Nita Mehta, Head of Operational Risk, Barclays
Aizaz Zaidi, Head of Operational Risk, Emirates Islamic Bank
Advisory Panel:

Kumar Natarajan, Head Operational Risk, Mashreq Bank
Ramkumar Pavothil, Head Operational Risk, National Bank of Fujairah
Dr. Sunando Roy, Inspection Adviser, Central Bank of Bahrain
Jaweed Gaya, Head Operational Risk, Commercial Bank of Dubai
Wasim Malik, Head Business Continuity Management, BBK
Andrew Andayi, VP/ Head Operational Risk, Al Hilal Bank
Dr. Dayanand Pandey, Head of Banking and Finance Program, The British University in Dubai
Sohail Farooq, Chief Risk Officer, Oman International Bank
Aizaz Zaidi, Head of Operational Risk, Emirates Islamic Bank
Key topics:

Enterprise-wide Vision, Culture, and Commitment
Organizational framework and Responsibilities
Framing Strategies for Operational Risk Response
Dynamic Risk Monitoring and Management
Financial and Regulatory Management Positioning
Operational Risk Management Technology
Who should attend:
http://www.fleminggulf.com/finance/middle-east/3rd...
CEOs, CROs, SVPs, AGMs, Group Heads of Risk, Directors/Heads of Risk Management, Basel II Programme Directors, Heads of Operational Risk/Operational Risk Managers/Directors, Heads of enterprise-Wide Risk Management, Heads of Regional Risk or International Risk, Chief Internal auditors, audit Managers, Internal auditors, Chief Compliance Officers, Risk Managers, Heads of Internal Control, Directors/Managers Supervision, Senior Managers Risk Management, Regulators, Lawyers and Consultants, Board of Directors, Senior Managers responsible for the areas of internal controls, operations, risk measurement and compliance with laws and regulations

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