PRM03: Operational Risk Management 

Comments from past participants:

"I found the Operational Risk Management workshop motivating, appealing, and nicely organized. It was very interesting for anyone having concern in knowing or working in sphere of operational risk. Dr. Lim shared lots of knowledge which we can use and profit from instantly. An incredible resource this was for sure!"

- Mr. Aakash Ramchand Dil Crescent Commercial Bank Limited, Pakistan. [Class of June 2007]

“The seminar on “Operational Risk Management” provided me an understanding about risk in all the three domain areas of risk: credit, market and operational risk. In particular, the operational risk management seminar covered two topics: Operational risk VaR and process mapping through operational risk classification. The later topic provides valuable knowledge about process mapping in order to develop operational risk management.”

- Mr. Imran Ahmad Faruqi Saudi Pak Commerical Bank Ltd, Pakistan. [Class of June 2007]

"This seminar has successfully changed the paradigm of risk, and the manner of delivery by the facilitator Dr. Jeffrey Lim, inspired us on the practicality of applying risks in our respective areas. This is a seminar for those who are serious about seeing 'risk management in action'."

- Ms. Ng Lay Choo Great Eastern Life, Indonesia. [Class of August 2007]

"The knowledge gained from this Seminar will help me to crystallize my vision to achieve optimum results in my role."

- Mr. Mohammed A Hameed Central Bank of Bahrain, Bahrain. [Class of August 2007]

"This seminar is a good kick-start to an appreciation and understanding of Operational Risk Management. Most useful is the application of the concepts to actual events, and the foundational introduction of VaR, C-VaR and modelling OpRisk. These are all made interesting by the well qualified and experienced facilitator. That, in turn, stimulates the rapport amongst the participants."

- Ms. Anita L. S. Ng Bayerische Hypo-und Vereinsbank AG, Singapore. [Class of May 2008]

"A very compelling seminar that re-aligns your perception and approach on risk management, presented in an effectively non-academic manner by Jeff. The seminar is full of convenient insights and practical tools that can help one provide more valuable contributions to one’s organization. The facilitator awakens the sensibility and common sense in you, which truly are the indispensable factors in the management of every risk."

- Ms. Laarni Agcaoili Rabobank International, Singapore. [Class of May 2008]

"The Operational Risk Management seminar is very practical, useful and can be applied in all businesses. After joining this seminar I have some ideas as to how to mitigate risk in our work processes."

- Ms. Rita Tjahjadi PT. BCA Finance, Indonesia. [Class of May 2008]

"I gained lots of knowledge from this seminar, as the facilitator could explain Operational Risk Management in wonderful ways. Jeff gave examples and delivered them in detailed discussions. I learnt practical lessons relating to my work situations that I can easily apply into my upcoming daily work (applicable)."

- Mr. Parmanto Adhi Tjahjono PT. BCA Finance, Indonesia. [Class of May 2008]

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Highlights

• Risk Management is everyone’s business, not just the CEO’s, CFO’s or CRO’s.
• Discussion on the real challenges in implementing enterprise-wide Operational Risk Management and the methods to overcome some of these challenges.
• Gain an insight to various Good Operational Risk Management Practices.
• “Dirty your Hands” going through a Monte Carlo event simulation process.
• Be introduced to a methodical way of managing Operational Risk from formally defining Operations Processes, to identifying Operational Risks and mitigating these risks, to capturing risk event losses and quantifying Operational Risk losses.
• Be introduced to Frequency Distributions, Severity Distributions and how one can convolute them to obtain joint Frequency-Severity Distributions, and its applications to the quantitative side of operational risk measurement – Value-at-Risk (VaR) and Conditional Value-at-Risk (C-VaR).
• Be introduced to The Basel Capital Accord.

(Participants may be eligible for Financial Sector Development Fund (FSDF) grant support on a case-by-case basis. Please submit applications to the FSDF Secretariat directly. As part of the application and evaluation process, participants will be required to complete and submit an FSDF evaluation form upon completion of the seminar.) Download a copy of the Monetary Authority of Singapore - Financial Sector Development Fund (FSDF) Training Scheme Application and Evaluation forms.

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