2017 - Identifying Operational Risk: KRIs, RCSAs and Scenario Analysis

This two-day course will provide attendees with guidance on techniques and practices which can be used to identify and address emerging operational risks and how these tools can be implemented to greatest effect. The drivers of operational risk will be discussed and consideration will be given to how these can be monitored using tools such as Key Risk Indicators (KRIs).
Course Highlights:
- Insight on techniques and practices which enable the early identification of operational risks
- Tuition from experienced trainer Ariane Chapelle and insights from industry practitioners
- Guidance on how to select and design preventative KRIs
- Focus on best practices in scenario analysis
- Discussion on how to develop RCSAs
- Exploration of industry trends and best practices in the identification of emerging operational risks
Learning Outcomes
- A comprehensive understanding of the indicators of operational risks
- Ability to implement measures which will assist in the timely identification of potential risk events
- Knowledge of Risk and Control Self Assessments; how they can be effectively utilized
- Insight into how to select and design preventative Key Risk Indicators (KRIs)
- Awareness of how information from business, risk and audit functions can be utilized in the identification of operational risks
- Appreciation of how scenario analysis and stress testing can be used to understand operational risk events
- Understanding of how changes in risk culture can be recognized and the potential future impacts that these changes may have