Page 6 - MONECO Financial Training Catalogue
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BEST PRACTICE IN OPERATIONAL RISK MANAGEMENT WITH DR. ARIANE CHAPELLE
        DATES: December 2 – 3, 2019 • PRICE: € 1,400 • LOCATION: Prague, NH Hotel Prague

        Key Objectives and Learning Outcomes

        After the course, participants will   From risk environment to risk culture.
        know about:
                                           The course covers in breadth and depth the most topical elements of operational
        •  Identifi cation of emerging risks  risk management and its challenges for the fi nancial services industry.
        •  Risk networks rather than risk
                                           Taught by a world leading expert in the fi eld and highly regarded guest speakers, the
          registers
                                           course is a must-have for all the operational risk practitioners wishing to benchmark their
        •  Implementing ORM: the invisible
                                           practice and discuss best practices. It is also a fantastic opportunity for newcomers to
          framework
                                           gain a comprehensive overview what modern operational risk managers need to know.
        •  Selecting and designing
          preventive KRIs                  Delegates will leave the course equipped with a new network of practitioners, a wealth
        •  How to differentiate and address   of content, additional references and readings, and an open line for further questions
                                           with the trainer, Ariane Chapelle.
          human errors
        •  How to use root cause analysis
          most effectively                 Who Should Attend
        •  Infl uencing behaviours for better   •  Heads of Operational Risk   •  Enterprise Risk Managers
          control                          •  Operational Risk Managers  •  Operations Managers
        •  Risk Reporting and Conduct
                                           •  Internal Auditors     •  Compliance offi cers
          reporting
                                           • Consultants            •   Regulators
        •  Building a framework for risk
          culture change

        MONDAY, DECEMBER 2                    •  Bow-tie: a most effective tool to defi ne    Session 6: Scenario Analysis:
           00
        09 –12 15                              –  Preventive and corrective controls  Application to Cyber risk
          Operational Risk Framework, Risk      –  Leading KRIs                   •  Brainstorming and workshop techniques
         Assessment and KRIs                   –  Risk likelihood and expected impact  to identify scenario
          Session 1: Operational Risk         •  Prevention by Design             •  Scenario assessment: structure and
         Framework and Governance             Exercise: apply the bow-tie to one of your   method to mitigate behavioural biases
          •  Operational Risk trends and emerging   incident; share the lessons learned     •  Assessing rare events
                                                                                  •  Examples: scenarios assessment
          risks
          •  Governance of Operational Risk: roles     Session 4: Designing and Selecting   IT disruption, cyber-attacks and
          and responsibilities              Preventive Key Risk Indicators       information security incidents
           st                                 •  KRI, KPI, KCIs: concepts, overlaps and
          •  1  line and 2d line: The Partnership Model                           Class Exercise: Applied scenario
                                             examples                           structuring
         •  Business value of Operational Risk
          Management                          •  Essential features of preventive KRIs
                                                                                  15
                                                                                       15
                                              •  Classifying KRIs: Environmental, Stress,   12 –13
          Workshop and discussion: the business
                                             Causal and Failure                  Lunch
         case for operational risk management                                     15   45
                                              •  KRI Design: Frequency – Trigger levels –   13 –16
         Session 2: Risk Identifi cation & RCSA  Escalation criteria – Ownership – Data    Session 7: Reporting and Escalation
                                             accuracy                             •  The role of incident data collection
          •  Tools and techniques for risk
                                              •  Six steps to defi ne and design     •  Data features: core losses and tail risks
          identifi cation
                                             preventive KRIs                      •  Three golden rules of reporting
          •  Risk register: a list
          •  Risk connectivity: network of risks   Class Interaction: review your KRI list    •  Management information: the “reporting
          •  Defi nition and rules for RCSAs                                      cake”
          •  Tool: Impact / probability matrix: format   TUESDAY, DECEMBER 3      Class interaction: best practice and
                                              00
          and meaning                       09 –12 15                           sharing of experience
          •  Usage and choice when defi ning RCSAs    Risk Appetite, Scenarios and Risk
                                            Culture                              Session 8: Risk Culture and Conduct
          Class Exercise: Apply an RCSA to your top     Session 5: Risk Appetite Defi nition,
         risks                                                                    •  Defi ning Risk Culture
                                            Statement and Communication           •  Key objectives, key behaviours
           15
        12 –13 15                             •  Industry guidance on Risk Appetite    •  Case study: conduct metrics & culture
         Lunch                                •  Defi nition and Governance:      change programme
           15
        13 –17 00                            Communicating Risk Appetite          •  Infl uencing behaviours: a framework
         Session 3: Root causes analysis and     •  Risk Appetite Statements: Features,
                                                                                  45
        Control Design                       Templates and Examples             16 –17 00
          •  Slips and mistakes: Typology and causes     •  Cascading and Monitoring Risk     Evaluation and Termination of the
          of human errors                    Appetite: RCSA and indicators      Course
         •  Effective vs. Illusory controls    Class Exercise: express risk appetite,
          •  Root cause analysis: identifying patterns   tolerance and limits for two of your top
          of fail                           risks

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