Operational Risk Management 2016 - Seminar on Tools and Techniques for Operational Risk Management: Regulatory Aspects Chicago, IL

Overview:
In this seminar, we go through the known techniques of operational risk management, including of course the regulatory aspects, and point to a few shortcomings that appeared in several (possibly nameless) banks.
We then go on to highlights on the pitfalls that await risk managers on the next Frontier, from which: what activities to outsource, setting up a risk appetite, developing a risk culture and a commensurate set of governance processes, what to ensure and not, separating or breaking the silos of risk.
We suggest the extended use of a risk management framework proper to operational risk, implementable in most institutions, regardless of complexity of operations.
We highlight extreme risks, for which Basel III was strangely mute, but which are highly relevant to the 2008 crisis. We suggest some pitfalls to avoid.
During this highly interactive seminar, group exercises will be performed, as well as case studies including role games.
Why should you attend?
Metric tons of waters have gone under Brooklyn and other bridges since it was believed that operational risk was just a matter of capital requirements. September 11th, the credit crunch, the demise of prestigious banks, and other dramatic events have had their toll on the old paradigms.
Some techniques have resulted into over-quantification of matters that do not accommodate quantification, let alone sophisticated mathematics. Some other techniques had gone down into talking of small losses from small operations, in a way comparable to Taylor?s time-and-motion studies. Some other projects have been quickly hijacked by the political necessities of the moment. Meanwhile, extreme risks were addressed with statements of optimism.
A few aspects are still elusive, such as reputational risk, environmental risk, assessing human risk as a concept, reaching a consensual definition of risk culture, and sharing tools and techniques with other professions.
It is now a matter of competitive situation, for banks of any size and shape, regardless of the burden of new regulation, to manage their operational risks by preempting regulation, to step from a state of desired risk control onto a capability of risk management.
Areas Covered in the Session:
? Several case studies will be performed during this seminar, as well as group exercises.
Who will benefit:
? Chief Operation, Information Officers
? Risk, Compliance, Legal Officers
? Auditors, Accountants
? IT, Engineering, Operational, Marketing, Sales personnel
? Consultants, Project, Planning, Managers
? Any industry professional impacted by operational risk
Agenda:
Day 1 Schedule:
Lecture 1: Risk Appetite
Lecture 2: Risk-and-Control Self-Assessment
Lecture 3: Operational Risk and Governance
Lecture 4: Case Study
Day 2 Schedule:
Lecture 1: Tools and techniques for operational risk management: the ones that will work and the others
---Lecture 2: Risk Modelling and setting up Key Risk Indicators
---Lecture 3: Stress-testing, beyond psychodrama and public shows
---Lecture 4: Case study
Speaker:
Fred Vacelet
Financial Risk Management Consultant, Fintuition - Open Course Training
Fred Vacelet is a Financial Risk Management Consultant with an international expertise in Risk Management methodological frameworks. His experience spans some 20 years, advising banks, software houses and others on risk management. Fred holds various degrees, including from London Business School, with post-graduate studies at the Technische (then West)-Berlin and Keio (Japan) universities. A Qualified in Islamic Finance (IFQ), he is a published author on risk management and Basel Accords, and a regular speaker at conferences.
The client list includes ABN Amro, Barclays, CDC Paris, Credit Suisse, DePfa, Deutsche bank, a few London City hedge funds, IBM Consulting, Sungard, National Bank of Egypt, the UK Regulatory body (then FSA, now PRA), Reuters, and numerous other institutions of various countries and sizes. In addition to that, Fred runs training courses and workshops with participants from various banks around the world.
Location: Chicago, IL Date: March 10th & 11th, 2016 and Time: 9:00 AM to 6:00 PM
Venue: Four Points by Sheraton Chicago O'Hare
Address: 10249 West Irving Park Road, Schiller Park, IL 60176, United States of America
Price:
Register now and save $200. (Early Bird)
Until February 10, Early Bird Price: $1,295.00 From February 11 to March 08, Regular Price: $1,495.00
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