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Developing an Operational Risk Appetite Statement

Learn how to develop an operational risk appetite statement supported by risk limits.

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What You Will Learn

This workshop 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

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.

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. Join us in this 90 minute session to learn how to develop an operational risk appetite statement supported by risk limits.

Outline:

  • 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

Who Will Benefit:

  • Risk Officers
  • Compliance Officers
  • Internal and External Auditors
  • Financial Controllers
  • Operations Managers
  • Information Technology Managers

You will get NASBA(1.8) credits by attending this course.

Compliance Online is registered with and adhere to the Statement on Standards for Continuing Professional Education programs of the National Registry of CPE Sponsors. The registration number is 109066. Please check with the governing body of your license and state for specific CPE requirements. Grievances may be forwarded to the company at 650 620 3961. Grievances may also be forwarded to the National Registry of CPE Sponsors-NASBA, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417, 615-880-4200, www.learningmarket.org, e-mail cpe@nasba.org.


Your Instructor


Mario Mosse
Mario Mosse

Mario Mosse has over 40 years of experience in operational 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, Mr. Mosse was with The Chase Manhattan Bank, where he held several senior positions in internal audit and risk management


Recent Results


Peter Madigan - the US regulation editor for Risk.net

Mario Mosse has waged a careful campaign to implement Basel II at Prudential, a New Jersey-headquartered insurance company. Delivering value both to senior management and to the business lines is at the core of his strategy.

Frequently Asked Questions


What if I am unhappy with the course?
We would never want you to be unhappy! If you are unsatisfied with your purchase, contact us in the first 30 days and we will give you a full refund.

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