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WHAT WE OFFER
PROGRAM OVERVIEW
Know Your Risk (KYR) Training & Learning Solutions is a boutique international specialist risk management training organization catering to the training requirements for corporate and institutional clients in the field of risk management.
All training programs are tailored and designed by sourcing information and knowledge from global best practices in risk management. Programs being delivered by KYR Training & Learning solutions include two, three, four and five day programs that are delivered either as onsite or via remote learning.
Programs on various risk management topics involved Operational Risk, Fraud Risk & Conduct Risk have been successfully delivered by KYR Training & Learning Solutions to international banking and financial services clients onsite in Dubai, Singapore, Australia and Muscat with further international trainings planned for delivery internationally across multiple locations.
Overview
CORPORATE PROFILE
Operational risk has emerged as an important and integral component of risk management practice and is regarded as a significant risk that can be found in any process within any organisation. The failure of people, processes and systems that represents Operational risk has been attributed to most of the risk management failures that have been witnessed by many global institutions.
While market and credit risk remain as the other key focal points of risk management, operational risk cannot be ignored at any cost given its significance in Risk Management. Therefore the topic of Operational Risk covered in this training program is designed to allow participants to gain a thorough understanding of the concept, role and application of Operational Risk and the benefits that best practice Operational risk brings to an organisation, if properly and effectively adopted. The main building blocks of an Operational Risk frameworks, the techniques and tools of Operational risk and the value and associated challenges that Operational Risk brings to allow for a full understanding of the entire topic area.
Purpose
LEARNING OBJECTIVES
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Understand how to build a robust framework for Operational Risk management
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Build a culture for good risk management
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Understand how to drive value out of Operational Risk management
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Understand Risk Appetite and build robust key risk indicator frameworks
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Create value-adding Operational Risk management reports
EMPOWER YOUR BUSINESS
SCHEDULE
Fundamentals of Operational Risk
Management
- Definition and scope of Operational Risk
- Relationship of Operational Risk to other
risk types - Key components of an Operational Risk
framework - Case studies
The Regulatory Treatment of Operational
Risk
- Key regulatory influences on
Operational Risk - Evolving approaches to regulation and
supervision - Regulatory interest in specific
Operational Risk categories
Management of Operational Risk
- Components of a risk governance
framework and how they interact - Roles and responsibilities of the
Operational Risk management function - Accountabilities, roles and
responsibilities in the management of
Operational Risk - Needs and expectations of external
stakeholders in relation to operational
risk
SESSION 2
Governance & Culture
- Risk Taxonomies
- Operational Risk Management policy
framework - Human factors
Risk Management Frameworks
- COSO
- ISO 31000:2018
ISO 31000:2018
- Objectives
- Designing a framework
- Implementing Risk management
- Monitoring & Review
- Continuous improvement
The Risk House
- An alternative view
Operational Risk Management Tools and
Techniques
- COSO
- ISO 31000:2018
ISO 31000:2018
- Categorisation of Operational Risks
- Risk & Control Self-Assessment
- Issues & Action plan management
- Incident & loss event management
CORPORATE HEADOFFICE
MELBOURNE, POINT COOK, VICTORIA
AUSTRALIA
Email: [email protected]
Operational Risk Appetite
- What is Risk Appetite
- Principles for an effective Operational Risk
Appetite Framework - Elements of an Operational Risk Appetite
Statement - The differences between capacity, appetite
and tolerance in relationship to
Operational Risk Appetite - The process for setting Operational Risk
Appetite - The role of Operational Risk appetite in a
company’s culture
Key Risk Indicators
- Role and purpose of different forms of
Risk indicators - Nature and use of Key Risk indicators
- Challenges surrounding key risk indicators
- Sustainable Key risk indicator Framework
Scenario Analysis
- Understand the nature of scenarios
- Understand the benefits of scenario
analysis
SESSION 7
Operational Risk Reporting
- Who needs an Operational Risk Report –
understand your audience - What and when to report
- Derive value from the Operational Risk
report
Know Your Risk (KYR) Training & Learning Solutions
Know Your Risk (KYR) Training & Learning Solutions
Know Your Risk (KYR) Training & Learning Solutions
Know Your Risk (KYR) Training & Learning Solutions
Know Your Risk (KYR) Training & Learning Solutions
Know Your Risk (KYR) Training & Learning Solutions
Know Your Risk (KYR) Training & Learning Solutions
Know Your Risk (KYR) Training & Learning Solutions
Know Your Risk (KYR) Training & Learning Solutions
Muaiyed Khamees
Saudi Aramco
Nawal Baddar- Arzan
Financial Group - Kuwait
Aljoharah AlDekhayel - Public Investment Fund (PIF)
Saudi Arabia
Wehaibi Hamdan
AlWehaibi - Bank ABilad, Saudi Arabia
Abdulrahman Mohammed Al Ansari
Dubai Islamic Bank
Alya Mubarak Nasser Al Alawi
Bank Muscat
Saleh Mohammed Saif Al Hadhrami
Bank Muscat
Naseer Hamood Naseer Al Wadhahi
Bank Muscat
Naseer Hamood Naseer Al Wadhahi
Bank Muscat
Portia Ho Asia Capital Reinsurance Group
Singapore
& Grow your Business
Learn how KYR Consulting can enhance your organization’s controls, financial performance, and productivity. Contact us today to find out more!