Practical Guide to Developing an Operational Risk Appetite Statement - NASBA CPE
- Speaker:Mario Mosse
- Date: 30th November 2018 10:00 AM PST | 01:00 PM EST
- Product Code:GRC-90478
- NASBA CPE: 1.5
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NASBA CPE: 1.5
Group Internet Based | 1.5 (1 CPE for 50 minutes) | Management Services (1.5 CPE) | Banking (1.5 CPE) | Intermediate Level | Prerequisites - None | No advance preparation
Regulators, credit rating agencies, board members, shareholders and other stakeholders expect that financial services companies clearly articulate and quantify their appetite for each type of risk taken by the company in pursuit of its objectives.
This webinar will discuss the challenges and opportunities involved in developing and implementing an operational risk appetite statement, which is supported by operational risk limits, and the determination of actual exposure against those limits.
Why you should attend:
While significant progress has been made since the financial crisis to develop risk appetite limits and to calculate actual exposure to financial risks (e.g. credit, market), operational risk is still expressed by and large in a qualitative and aspirational manner, with little or no quantification. Risk Officers continue to struggle to calculate the operational value at risk and must resort to key risk indicators and other indirect measures to track actual operational risk exposure against approved appetite limits.
Areas to be covered during this session:
- Risk policy, appetite and tolerance statements
- Latest regulatory developments in this area
- Risk appetite framework
- Elements of an effective operational risk appetite statement
- Establishing and monitoring operational risk limits
- Link between operational risk capital and appetite
- Reporting on operational risk appetite and exposure
- Practical examples
This webinar will provide valuable assistance to all personnel in:
- Asset Managers,
- Insurance Companies and all other financial institutions.
- Compliance Officers
- Financial Officers
- Risk Officers
- Internal Auditors
- Operational Risk Managers
- Internal Auditors
- Board members
- General (legal) counsel
- Financial officers
- CFOs (Chief Financial Officers)
- COO (Chief Operating Officers)
- CRO (Chief Risk Officers)
- CIO (Chief Information Officers)
- CPAs (Certified Public Accountants)
- CBAs (Chartered Bank Auditors)
- CIAs (Certified Internal Auditors)
- CFEs (Certified Fraud Examiners)
Mario Mosse has 40 years of experience in enterprise 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, Mosse was with The Chase Manhattan Bank, where he held several senior positions in Internal Audit and Risk Management.
GRCTS is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org