Implementing Operations Risk Management within an ERM Framework

Why Should You Attend:

Banks, investment firms, insurance companies and other financial institutions need to have a robust and effective operational risk management strategy, which is well integrated into the ERM framework. They also must understand the regulatory and risk mitigation needs of the current environment in order to protect consumer assets as well as their own operations from various operational risks. The financial services industry must raise the bar on operational risk management given the evolving market environment and the increased internal and external pressure for financial services institutions to be operationally sound and meet compliance requirements.

Attending this training course will enable participants to understand how operational risks can be better managed and what strategies actually do work in the wake of ineffective management systems coming to light given recent events in the marketplace. This operational risk webinar is tailored to equip you with an in-depth knowledge and understanding of today’s operational risk challenges and effective strategies to deal with them.

Areas Covered in the Webinar:

• What is GRC
• What is ERM
• What is ORM
• What are Operational Risks
• How are They Identified
• Where are They Found
• Risk and Control Self-Assessment Process (RCSA)
• How are Operational Risks Quantified
• Key Risk Indicators
• Scenario Analysis
• Capital Calculation
• How are Operational Risks Managed and Reported
• The Risk Profile Report

Frequently Asked Questions:

1. COVID 19 has required that we operationalize our business continuity and emergency planning, allowing us to see the many faults in our plans?
2. How can we best leverage this experience to ensure that we improve our scenario analyses?
3. We thought that we had a good framework and process, but were not as prepared for the types of issues that we had planned for. Particularly related to not being able to have events and gather?
4. The scenario analysis is extremely important. Are there templates available to provide guidance to build different types of scenarios?

Who Will Benefit:

• Risk Officers
• Internal and External Auditors
• Project Managers
• Examiners
• Compliance Officers
• Internal Control Officers
• Financial Controllers
• Operations Managers
• Technology Managers
• Business Managers

Mario Mosse
President, MMosse Consulting LLC

Mario Mosse has over 40 years of experience in operational risk management, internal audit and regulatory compliance at financial services companies. He is the president of MMosse Consulting, LLC, where he provides risk management advice and training to the financial services industry. Previously, he was the head of operational risk management at Prudential Financial, Inc. Prior to joining Prudential, Mr. Mosse was with The Chase Manhattan Bank, where he held several senior positions in internal audit and risk management.

Topic Background:

Over the past 10 years, financial institutions have suffered unfathomable losses that could not be attributed to market and/or credit risk; risks that are normally well managed and controlled. Rather, they were incurred due to poor control over all other enterprise risks that are inherent in the day to day operations of the business known as operations risks.

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