Operational risk is everywhere in any organisation as is linked to processes, people, systems, or external events. We cannot avoid them all, but their impact can be reduced, if properly managed. If this is not the case, your organisation can suffer actual losses, damage its reputation or face costly disruption.
The Basel Committee has reinforced the importance to have an appropriate and up-to-date operational risk framework in place with robust controls and monitoring processes. In addition, the increase of home-based working, the development of new technologies or the availability of a large amount of data have caused sizeable impacts on business processes and controls. The operational risk landscape has changed and continues to evolve.
This training gives an overview of the different components forming an effective operational risk management framework. It provides some tools, methods and market best practices for the financial industry.
Duration: 4h
Language: Available in English and French. The supporting material is only available in English.
Number of participants: up to 15
Available under intra-company course (i.e. dedicated session)
By the end of this training, the participants will:
7. Risk and control self-assessment
8. ORM IT solutions
9. Capital requirements for operational risk
10. Emerging trends within operational risk
Target audience
This training will be coordinated by Jean-Philippe Maes, Partner at PwC Luxembourg.
Jean-Philippe is a partner in PwC's Regulatory Compliance services. He leads the firm’s banking and PFS risk Advisory team and is the lead advisor for CRD/CRR topics.
He has over 15 years of experience in Basel III areas and has helped many banks, investment firms and management companies to implement Basel III and prepare for Basel IV. He has worked in most dimensions of risk management, from operational risk to internal models, encompassing reporting aspects (such as COREP/FINREP) and governance matters.
Lately, Jean-Philippe has been focusing on risk appetite frameworks and the management of non-financial risks such as climate, conduct or reputational risks.