Operational Risk Management-2 Course & Introduction

Continuing further from our past article Operational Risk Management & Best Practices, In this article, we will continue with the 2nd part on the same and give a further elaborations about the Operational Risk Management & Best Practices Course & Introduction and topics to be covered in the Operational Risk Management & Best Practices. The key is measuring the right metrics on a timely basis and a policy of addressing the inevitable problems immediately, while keeping everyone in the loop. The financial controls and policies needed to manage any operation will be covered. Problems and challenges are inescapable but the principles covered in this course will allow you to manage problems to the most optimal outcome attainable. The following topics will give a brief overview of Operational Risk Management & Best Practices.
Let's continue further with the basics for the Operational Risk Management & Best Practices:

Step 1:Define and Identify the Operational Risks :

Step 2:Develope Measures of Operational Health :

  - The role of compliance and risk managers - What Should We Be Watching?

  - Define the process and stesp - Set up Standards for Good Operational Performance

  - A stitch in time saves nine - Developing a Strategy of Early Response to Problems

Step 3:The Importance of Independent Reporting Function to Assure Metrics Integrity :

Step 4:Risk Management: Should it come at the cost of cost cutting?: Controlling Risk in a World Focused on Controlling Costs - What To Do

Step 5:Automation and Straight through processing : The Role of STP in Enhancing Intraday Operational Risk Management

Step 6:The regulations and standards to be followed: : How Will Basel Capital Requirements Impact the Management of Operational Risk?

Step 7:Even the regulatory requirements are not fool proof: The Operational Risks Inherent in the Explosion of Regulatory Requirements

  - Patriot's Act, Sarbanes Oxley Act and Beyond

Step 8:Settlement Risks and Risk Management:

  - What Are We Living With Now?

  - When can we really Get to Virtual T+1?

  - Why Bother about this kind of Risk?

Step 9:Learning From Old Problems and the Mistakes of Others :

  - Managing Operational Risk With an Eye to History and Today's Newspapers

  - The Need for Truthful and Full, Honest Communications Within and Among Financial Institutions