Course Detail(BF067A : Operational Risk Management - It's Not Just About Compliance)

BF067A : Operational Risk Management - It's Not Just About Compliance

7.00 CPE Hours (Others)
Classroom

Programme Objective

 

Operational Risks span across not just the financial spaces but also the non financial spaces.   This one-day  orientation workshop initiates and fortifies the finance and auditing professional,  from both financial and non financial institutions, in the fundamental issues and challenges in operational  risk management.

Today's business entity comes face to face with disruptive forces such as exponential technology (ET),digitisation, cloud computing, big data, block chain technology, fintech and escalating cyber security concerns.   Peppered with  infamous  operational "accidents" (including the massive cyber hacks at Equifax, United Airlines' crisis mismanagement, beaching of the "London Whale", LieBor, SocGen Krievel ... ) and drawing from the evolving demands from regulatory changes  and industry best practices including Basel, ISO and COSO, this session provides a timely address to operational risk matters.

Intended to be edu-taining, it examines the operational risk management practice with less quan-toxication,  more qualitative rationalisation and applies a palatable lay and case-based approach to an otherwise heavily technical subject

Upon completion of this course, the participant will

(a) Have a proper understanding of different operational risk events especially cyber security, reputational and regulatory/compliance risks

(b) Appreciate the impact operational risks have on banks and non financial institutions

(c) Develop a practical approach to measuring, assessing and managing operational risk

(d) Recognize the challenges posed in the process of managing operational risks, particularly in the face of heightening regulatory and industry demands including ISO, COSO, Basel, UCIT  and MiFid 

(e) Draw lessons from the various operational mishaps

Programme Outline

  • The Scope of  Operational Risk  - evolving operational risk trends and coping with industrial revolution 4.0, cyber security, digital transformation and data and reputation issues
  • Defining Operational Risk Events and Losses - People, Processes and Systems/Technologies
  • Practical Issues and Challenges in Identifying, Assessing, Measuring and Managing Operational Risk
  • Measuring, Assessing and  Managing Operational Risk - embracing sound practices and complying with regulatory and industry requirements
  • Familiarisation with the Ops Tools - framework, policies, procedures and processes, implementing Risk and Control Self Assessment (RCSA), Key Risk Indicators (KRIs), Internal and External Loss Databases, Stress Testing and Scenario Analysis
  • Confronting the Enemy Within - How to prevent the next the Rogue Employee (Trader, CEO...)
  • New Business/Product/Operational support
  • Use of Model/Technology- applying cyber security and outsourcing principles
  • Continuity, Conduct, Reputation Damage, Regulatory and Legal Risk Issues - KYC, KYE, KYB and adaptive business continuity


Training Methodology


Shared learning experience peppered with real life discussion pieces and practical examples for excellent knowledge implementation.  Being a shared learning in an open ambiance setting, the class size should be ideally limited for  effective interaction and optimal learning outcome.


Closing Date for Registration


1 week before programme or until full enrolment
 

Intended For

Senior down to Junior finance and auditing professional in both financial and non financial institutions seeking a sprightly and applied understanding of the operational risk management discipline and how their corporate functional roles tie in and enhance value in the risk practice.

Competency Mapping

Others = 7.00 Hours

Schedule & Fees

Date & Time

14 Aug 2019 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Lawrence Ho

Date & Time

07 Sep 2018 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Lawrence Ho

Date & Time

14 Dec 2017 (9:00 AM - 5:00 PM)

Registration is closed

Programme Facilitator(s)

Lawrence Ho

Testimonial

Funding

No funding Available!

Programme Facilitator(s)


Lawrence Ho

​Over the last two decades, Lawrence has trained and mentored working professionals drawn from financial and non financial industry backgrounds in matters of financial markets/products and risk management. Prior to pursuing a full time adult education calling, he had more than a decade of working experience in treasury and financial derivatives trading and broking/marketing, internal audit, treasury settlement and credit administration.    
 
Under the corporate banners of Standard Chartered, UBS, Deutsche Bank, Prebon Yamane Brokers and KPMG, Lawrence have counseled participants from central banks, government linked corporations, national treasury bodies, financial institutions and non FI corporations through numerous experiential learning workshops structured and delivered across Asia – from South Korea, China through to Vietnam, Myanmar, Indonesia and westwards to India and Sri Lanka.     
 
Outside of Asia, Lawrence has shared his expertise with the Sovereign Fund in Kuwait and in London.   He holds a Bachelor of Accountancy (Honours) degree and is currently the Regional Director of the Singapore chapter of the global not-for-profit risk community, PRMIA (Professional Risk Managers International Association).   
 
Lawrence continues to render professional advice and coaching on financial markets and risk management in his personal capacity and through professional alliances and references, shares his experiences across Asia at experiential learning sessions.

Programme Objective

 

Operational Risks span across not just the financial spaces but also the non financial spaces.   This one-day  orientation workshop initiates and fortifies the finance and auditing professional,  from both financial and non financial institutions, in the fundamental issues and challenges in operational  risk management.

Today's business entity comes face to face with disruptive forces such as exponential technology (ET),digitisation, cloud computing, big data, block chain technology, fintech and escalating cyber security concerns.   Peppered with  infamous  operational "accidents" (including the massive cyber hacks at Equifax, United Airlines' crisis mismanagement, beaching of the "London Whale", LieBor, SocGen Krievel ... ) and drawing from the evolving demands from regulatory changes  and industry best practices including Basel, ISO and COSO, this session provides a timely address to operational risk matters.

Intended to be edu-taining, it examines the operational risk management practice with less quan-toxication,  more qualitative rationalisation and applies a palatable lay and case-based approach to an otherwise heavily technical subject

Upon completion of this course, the participant will

(a) Have a proper understanding of different operational risk events especially cyber security, reputational and regulatory/compliance risks

(b) Appreciate the impact operational risks have on banks and non financial institutions

(c) Develop a practical approach to measuring, assessing and managing operational risk

(d) Recognize the challenges posed in the process of managing operational risks, particularly in the face of heightening regulatory and industry demands including ISO, COSO, Basel, UCIT  and MiFid 

(e) Draw lessons from the various operational mishaps

Programme Outline

  • The Scope of  Operational Risk  - evolving operational risk trends and coping with industrial revolution 4.0, cyber security, digital transformation and data and reputation issues
  • Defining Operational Risk Events and Losses - People, Processes and Systems/Technologies
  • Practical Issues and Challenges in Identifying, Assessing, Measuring and Managing Operational Risk
  • Measuring, Assessing and  Managing Operational Risk - embracing sound practices and complying with regulatory and industry requirements
  • Familiarisation with the Ops Tools - framework, policies, procedures and processes, implementing Risk and Control Self Assessment (RCSA), Key Risk Indicators (KRIs), Internal and External Loss Databases, Stress Testing and Scenario Analysis
  • Confronting the Enemy Within - How to prevent the next the Rogue Employee (Trader, CEO...)
  • New Business/Product/Operational support
  • Use of Model/Technology- applying cyber security and outsourcing principles
  • Continuity, Conduct, Reputation Damage, Regulatory and Legal Risk Issues - KYC, KYE, KYB and adaptive business continuity


Training Methodology


Shared learning experience peppered with real life discussion pieces and practical examples for excellent knowledge implementation.  Being a shared learning in an open ambiance setting, the class size should be ideally limited for  effective interaction and optimal learning outcome.


Closing Date for Registration


1 week before programme or until full enrolment
 

Intended For

Senior down to Junior finance and auditing professional in both financial and non financial institutions seeking a sprightly and applied understanding of the operational risk management discipline and how their corporate functional roles tie in and enhance value in the risk practice.

Competency Mapping

Others = 7.00 Hours

Programme Facilitator(s)

Lawrence Ho

​Over the last two decades, Lawrence has trained and mentored working professionals drawn from financial and non financial industry backgrounds in matters of financial markets/products and risk management. Prior to pursuing a full time adult education calling, he had more than a decade of working experience in treasury and financial derivatives trading and broking/marketing, internal audit, treasury settlement and credit administration.    
 
Under the corporate banners of Standard Chartered, UBS, Deutsche Bank, Prebon Yamane Brokers and KPMG, Lawrence have counseled participants from central banks, government linked corporations, national treasury bodies, financial institutions and non FI corporations through numerous experiential learning workshops structured and delivered across Asia – from South Korea, China through to Vietnam, Myanmar, Indonesia and westwards to India and Sri Lanka.     
 
Outside of Asia, Lawrence has shared his expertise with the Sovereign Fund in Kuwait and in London.   He holds a Bachelor of Accountancy (Honours) degree and is currently the Regional Director of the Singapore chapter of the global not-for-profit risk community, PRMIA (Professional Risk Managers International Association).   
 
Lawrence continues to render professional advice and coaching on financial markets and risk management in his personal capacity and through professional alliances and references, shares his experiences across Asia at experiential learning sessions.

Upcoming Schedule

Registration is closed

Date & Time

14 Aug 2019 (9:00 AM - 5:00 PM)

Fee (inclusive of GST)

For Members: $ 374.50
For Non-Members: $ 449.40

Programme Facilitator(s)

Lawrence Ho

Venue

137 Cecil Street
Level 4
Hengda Building
Singapore 069537