John Thirlwell, Non-executive Director, SVB Syndicates Limited and former Director, British Bankers’ Association
14:10
Operational Risk 101 - Introduction
- Why are we here?
- Regulatory developments – Basel II and the CRD
- Is operational risk different from other risks?
- Operational risk framework issues
* loss event data
* risk self-assessment and scenario analysis
* key risk indicators
- Operational risk management, appetite and culture
John Thirlwell, Non-executive Director, SVB Syndicates Limited and former Director, British Bankers’ Association
14:50
Operational Risk 102 – Implementing operational risk practices
- Objectives of operational risk management
- Defining the organisation structure for measuring and managing operational risk
- Implementation requirements: changes in the organisational culture; changes to people, systems and processes
- Quantitative vs. qualitative measures of risk
- Compliance and audit requirements
- Setting up adequate controls
- Effective risk reporting
Operational Risk 103 – The requirements for building an Operational Risk loss database
- Initial considerations on Operational Loss Data
- Collecting and using Internal Loss data
- Collecting and using External loss data
- The importance of scenario analysis
- The place of the database in the Operational Risk Management Framework
David Breden, Director, HSBC Operational Risk Consultancy
16:30
Operational Risk 104 –Case study: Overcoming the challenges of implementing an operational risk management system – processes, systems and management practices
