PRM03: Operational Risk Management
Comments from past
participants:
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"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!" |
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Mr. Aakash Ramchand Dil
Crescent Commercial Bank Limited,
Pakistan.
[Class of June 2007] |
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“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.” |
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Mr. Imran Ahmad Faruqi
Saudi Pak Commerical Bank Ltd, Pakistan.
[Class of June 2007] |
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"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'." |
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Ms. Ng Lay Choo
Great Eastern Life, Indonesia.
[Class of August 2007]
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"The knowledge gained from this Seminar will help me to
crystallize my vision to achieve optimum results in my
role." |
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Mr. Mohammed A Hameed
Central Bank of Bahrain,
Bahrain.
[Class of August 2007] |
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Highlights
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Risk Management is everyone’s business, not just the CEO’s, CFO’s or CRO’s.
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Discussion on the real challenges in implementing enterprise-wide Operational Risk Management and the methods to overcome some of these challenges.
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Gain an insight to various Good Operational Risk Management Practices.
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“Dirty your Hands” going through a Monte Carlo event simulation process.
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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.
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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).
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Be introduced to The Basel Capital Accord.
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(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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Adobe Acrobat Reader.
