Shoham, Israel (PressExposure) April 08, 2009 -- The training course âOPERATIONAL RISK in 2009â is being offered in London on May 11th & 12th by Franc&Edge Training. The training course which is being presented by Citadel Advantageâs RICHARD BARR focuses on the changing role of Operational Risk Management and the lessons that are to be learned from the 2008 financial crisis.
In recent months it has become abundantly clear that there is a huge difference between Operations Risk with its focus on inadequate or failed internal processes, people and systems or from external events, and the business & financial risks of lending money to the wrong people or just getting you financial sums all wrong. It is also clear that many bankers do not really understand this distinction.
And one should no be fooled or confused by statistics, mathematics and foolish theories. Managing operational risk is not all about a myriad of risk models and statistics â itâs about hands-on common sense practices aimed at identifying and mitigating real Operational Risks.
This course focus on practical operational risk management and includes a wide range of actual case studies (including the Madoff affair and the SocGen event) taken from the wide range of recent Operational Risk failures, which are used to illustrate the subject matter.
The past bull market years have been characterized by an outburst of new and exotic quantitative risk management methods. As the dust settles following the re-shuffling of financial markets worldwide, it has become clear that moving forward, a more qualitative focus to the management of operational risk is imperative. This program presents facts and latest case studies, and brings to you the best tested operational risk management frameworks while exploring the challenges of those proven ineffective. Access all the information you require for future decision making in the context of the new changing role of operational risk management.
The course highlights include; +Understanding the effects of leverage on the sub-prime market, and its link to credit, liquidity and counterparty risk +Developing an appropriate risk management environment policy and structure: Mapping risks and strategies, and prioritizing risk based on probability/impact +Analyzing specific examples of operations risk: Internal and external fraud, business disruption, and employment practices among others +Taking away an operations risk management plan with risk identification tools, minimum control requirements and mitigation guidelines of specific operational risks +Discussing the emergence of GRC (governance, risk and compliance) as a focus point for bank survival.
Franc&Edge is a global boutique training provider based in London with a focus on training for Investment Banks, other Financial Services Institutions and Energy Groups (financial training). They are a group of professional training consultants offering financial organizations the learning and development they require through their international network of seasoned trainers.
Full details regarding this Franc&Edge course offering may be obtained at; [http://www.francandedge.com/index.php?id=50#74]