Operational Risk Manager Online Series

Operational Risk Manager Online Series
The Operational Risk Webinar Series was designed to cover all elements of a comprehensive operational risk management program and to prepare participants to obtain the PRMIA Operational Risk Manager Certificate. (NO CLASS NOVEMBER 22.)  Eight sessions, 10:00-11:30 AM ET

Wednesdays 10:00 -11:30 am ET / 3:00-4:30 pm GMT
October 18 - December 13, 2017 (No class November 22) 

Directors of Operational Risk, Enterprise Risk Managers, Operational Risk Managers, Operations Managers, Internal Auditors, HR officers, Compliance Officers, Consultants, Regulators
Prior to each session, participants will receive a reading assignment, including 10 questions to test their knowledge of the topics to be covered during the webinar.


Session 1, October 18: Risk Governance
Overview of the Operational Risk Manager (ORM) Certificate
Introduction to the current regulatory environment
The role of risk management
The origins and principles of risk governance
Roles and responsibilities, risk reporting and major elements of the risk framework

Session 2, October 25 :
Risk Management Framework
Components of a risk management framework
Risk capacity
stress testing and simulation 
Risk appetite.
Risk Policies, Risk Pricing
Risk Culture 

Session 3, November 1: Risk Assessment, Part I
Overview of Risk Assessment, covering:
Risk assessment lifecycle
Risk assessment approaches
Risk scenarios or ‘top down’ assessments,
Process models or bottom-up assessments
How to apply a heat-map to link scenarios and processes

Session 4, November 8: Risk Assessment, Part II

This session will complement Session 5 and will cover:
Control assessments
Identifying and tracking operational risk issues
Residual risk
Risk assessment of new and expanded products and third party services

Session 5, November 15: Risk Information, Part I
Discuss operational risk events and the capturing and analysis of data on expected and unexpected loss events.
 
Additionally, we'll cover operational risk events and managing the investigation:
Loss data collection
Loss quantification
Boundary issues
Use of external loss data 
No Session November 22
 
Session 6, November 29: Risk Information, Part II
Key Risk Indicators place and advantage in risk management 
KRI approaches and what makes an effective KRI 
Define leading, lagging and current indicators
Understand the interdependence of KRIs
How to integrate KRI selection and use across the organization
Describe the steps to a KRI framework
Data sources, workflows/processes and reporting as part of operational risk anagement

Session 7, December 6: Risk Modeling and Insurance Mitigation
Quantitative elements of operational risk
Compare different approaches and how to allocate capital for operational risk
Use of insurance to mitigate risk and obtain capital relief
Describe the mapping of risk types to insurance coverage
Qualification criteria for insurance mitigation
Calculation of capital relief

Session 8, December 13: Case Studies and Exam Preparation

This session will cover several case studies to illustrate the consequences of major failures in risk management and internal control. We will also recap the material covered in the entire webinar series, answer questions not previously addressed, and to go over the preparation process for taking the exam. 

Registration Fee:  Sustaining Members: $795.00      Contributing Members: $895.00      Free Affiliate and Non-members: $975.00

About the Speaker

Mario Mosse is the President of MMosse Consulting, LLC, a company that provides risk management advice and training to the financial services industry. Mosse has significant experience in the areas of enterprise risk management, regulatory compliance, internal audit and project management at major financial services companies. He also has extensive knowledge of U.S. and international financial services and products (retail and corporate banking, securities brokerage, investment banking, asset management and life insurance) as well as risk management and internal control frameworks such as Basel III, Solvency II and COSO. Previously, Mosse was with Prudential Financial, Inc. for 18 years where he was in charge of the company’s operational risk management program. Prior to that, he was the Chief Internal Control Officer for Prudential Securities and Vice President, Management internal Control of Prudential Investments.Prior to joining Prudential, Mosse spent 19 years with The Chase Manhattan Bank, N.A. where he was in charge of risk management and compliance for the Corporate Finance Sector, South America Regional Audit Executive, and Vice President, General Auditing.
When
10/18/2017 10:00 AM - 12/13/2017 11:30 AM
Where
Virtual Training Virtual Training

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