LIBF: Managing Operational Risk & Governance (MOPR)
Programme Overview
This qualification takes a performance-oriented systematic approach to operational risk management and governance. This includes exploring how banks achieve business objectives, enhance stakeholder returns and meet stakeholder expectations whilst meeting regulatory compliance requirements through effective operational risk management. Past financial crises and operational risk lapses have demonstrated the significant impact poor management can have on the business / financial performance of a bank as well as impacting a myriad of stakeholders and the wider financial system. When operational risk management and governance fail to align with best practices, it often results in numerous instances of fines, value destruction, and broader economic implications.
The importance of successfully managing operational risk can be summarised into three key areas:
- The need for banks to comply with their regulatory and contractual obligations.
- The critical need to manage bank operations as any lapses could result in disruptions to a bank’s ability to sell and deliver services, significantly impacting their business performance.
- Operational risk losses range from small, all the way up to catastrophic. Without clear and effective management, operational risks can lead to fines, loss of reputation, bank failures and wider economic consequences.
These financial and non-financial implications of poor management highlight the need for banks to effectively communicate and oversee the implementation of an appropriate risk appetite via an effective governance structure. This requires a strong governance framework that takes account of the integrated nature of the risks that a modern bank faces, especially given the increasing threat of technological and cyber risks. Core elements which this qualification will explore include board composition, remuneration, risk policy and oversight.
Whilst the regulatory landscape is important and addressed, this unit will primarily focus on managing operational risk from a business performance perspective in the current macro-economic environment.
Objectives
Upon completion of this qualification, participants will be able to understand the following:
- Identify and understand the implications of operational risk in banking.
- Evaluate the key operational risk regulations that banks must adhere to and justify the best practice they should observe.
- Evaluate and make recommendations of how operational risk should be managed to enhance the operational performance of a bank.
- Analyse and evaluate technological and cyber risks that banks face.
- Evaluate the importance of banks putting in place appropriate governance structures to ensure transparent risk management and decision making to promote public confidence in the banking system.
Who Should Attend
Designed for employees in Relationship Management roles within business and commercial banking. The qualification is aimed at Senior finance professionals, from mid-management to board level, where you need a solid understanding of how to stay ahead and manage operational risks as they evolve.
Pre-Requisite
There are no specific entry requirements for this qualification.
Participants should be confident in their ability to study at this level. It is strongly recommended that participants have previously successfully studied at a similar level. The Level 4 Risk and Regulation in Banking qualification provides a good introduction to operational risk management. Participants also need to be satisfied of their ability to study in English.
Programme Date
| Date |
| 7 May 2024 |
Programme Fee
| Package | Stakeholders | Non-Stakeholders |
| Normal Price | $1,250.00 | $1,250.00 |
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