Implementation of an Operational Risk Framework Basel Committee s Risk Management Group Conference on Leading Edge

Jun 15, 2013

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Operational Risk is emerging as a new risk discipline in the financial services industry. Risks that traditionally have been considered as market, credit, or

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Implementation of an Operational Risk Framework Basel Committee s Risk Management Group Conference on Leading Edge

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Operational Risk Management

Operational Risk Management. Member Education Series Seminar Indian Institute of Banking & Finance Nagpur November 2005. Agenda. Definition Causes/Contributors Process Gross Income Computation of Capital Charge Approaches Assessing events Measurement basis Monitoring

504 views • 21 slides

Operational Risk Management

Operational Risk Management. References. MCO 3500.27B Operational Risk Management FM 100-14 Risk Management OPNAVINST 3500.39B ORM. ORM Enabling Objectives. State the purpose of ORM and how it works Be familiar with ORM origin State the saving ORM can provide

1.16k views • 67 slides

Operational Risk Management

Operational Risk Management. CAP Approach. Top-down leader backing Decentralized implementation Moderate implementation tempo Safety lead role for cross-functional implementation. CAP ORM Vision.

1.1k views • 72 slides

Operational Risk Management

510 views • 38 slides

Operational Risk Management

Operational Risk Management. Overview. Operational Risk Management (ORM) Definition Purpose and Goal Principles. Overview (Continued). ORM Process Step 1: Identify the Hazards Step 2: Access the Risk Step 3: Analyze Risk Control Measures Step 4: Make Control Decisions

681 views • 21 slides

Operational Risk Management

Operational Risk Management. Operational Risk Management. Operational Risk Management. Operational Risk Management. P r o b a b i l i t y. Frequent. Likely. Occasional. Seldom. Unlikely. S. Extremely. Catastrophic. E. High . V. High. High. Critical. E. R. Medium.

357 views • 10 slides

Operational Risk Management

Operational Risk Management. PCR-WA-049 1Lt Ryan Hooper, Safety Officer. Operational Risk Management. OBJECTIVE: Given an ORM Analysis Worksheet, have an understanding of the ORM steps for completing the form, IAW CAPR 62-1. CAP Regulation Requirements 5 M Model

435 views • 19 slides

OPERATIONAL RISK MANAGEMENT

OPERATIONAL RISK MANAGEMENT. OBJECTIVES. Establish a common ORM language Train all hands on ORM basics: 3 application levels 4 ORM principles 5 steps of ORM process Group Sessions - ORM Scenario Applications. WHAT IS ORM ?.

595 views • 38 slides

Basel II Operational Risk

Basel II Operational Risk. An Overview of where we are as at 30 th September 2004. This presentation is annotated. Session Overview. Why should we be interested? What is Operational Risk? Background to BIS, the Basel Committee, and the original Basel Accord What is Basel II?

1.28k views • 49 slides

OPERATIONAL RISK MANAGEMENT

OPERATIONAL RISK MANAGEMENT. User Training. User Training. Deliberate ORM Process Hazard Identification Tools Hazard Assessment Tools Risk Assessment Tools. Operational Risk Management. Levels of Application. 1. Time-critical - On the run consideration.

978 views • 58 slides

Risk Management Framework Implementation

Risk Management Framework Implementation. Content Objective. CS105-2- 2. Transformation of Cybersecurity to RMF. DoD updated and combined DoDD 8500.01E and DoDI 8500.2 into DoDI 8500.01, “Cybersecurity”. Revised DoDI 8510.01, “DIACAP” into DoDI

1.82k views • 61 slides

Operational Risk Management

Operational Risk Management. By: A V Vedpuriswar. October 4, 2009. Introduction. Globalization and deregulation of financial markets,combined with increased sophistication in financial technology, have made banking activities very complex.

790 views • 43 slides

Operational Risk Management

Operational Risk Management. Operational Risk Management. MCO 3500.27A (B) OPNAVINST 3500.39A (B) FM 100-14 Risk Management. Purpose of ORM.

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OPERATIONAL RISK MANAGEMENT

OPERATIONAL RISK MANAGEMENT. Indoctrination Training. Indoctrination Training. * ORM Terms * 5-Step ORM Process * Causes of Risk * 4 ORM Principles * Benefits of ORM * 3 Levels of ORM * Time-critical ORM. ORM Terms. ORM Terms. Hazard:

349 views • 24 slides

Operational Risk Management

Operational Risk Management. Bad stuff, bad day…. “I’m not worried about risk, I manage risk.” Yves Rossy, the first person to fly solo across the English Channel using a single jet-propelled wing. Goals of Hazmat Response. Protect Life Environment Property. General Risk Management.

678 views • 40 slides

Implementing Operational Risk Management within an ERM Framework

Description: Sound management of operational risk is an integral part of strong Governance, Risk and Compliance (GRC) and Enterprise Risk Management. In this session, we will define operational risk and explain how to identify, quantify, manage, and control it. We will discuss why all employees must be cognizant of these risks in their day to day jobs and how an organization can better manage and control these risks that have resulted in the failure of several high profile firms and significant losses and unwanted press at others. We will also review and discuss the building blocks and key players in implementing an effective ORM program that is integrated into the Enterprise Risk Management framework.

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Operational Risk Management

Operational Risk Management. ORM Definition. ORM is the process of dealing with the risks associated with military operations, which includes: risk assessment, risk decision making and implementation of effective risk controls. Upon completion of this lesson, you will be able to:

426 views • 39 slides

OPERATIONAL RISK MANAGEMENT

OPERATIONAL RISK MANAGEMENT. RSSI. Indoctrination Training. ORM Terms 5 Step ORM process Causes of Risk 4 ORM Principles Benefits of ORM 3 Levels of ORM Time Critical ORM. Operational Risk Management:.

314 views • 24 slides

Operational Risk Management

Operational Risk Management. Casualty Actuarial Society 2001 Seminar on Understanding the Enterprise Risk Management Process April 2-3, 2001 San Francisco. Samir Shah, FSA, MAAA. Significant differences between Operational Risks and Financial Risks have implications on quantifying OpRisks.

275 views • 25 slides

Operational Risk Management

Operational Risk Management. Managing operational risks in an Industrial Environment

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Implementation of an Enterprise-Wide Risk Management Framework

Implementation of an Enterprise-Wide Risk Management Framework. Stuart Lovell Manager HR and Risk Glenorchy City Council. The Risk Management Journey. Insurance Driven OH&S and Public Liability focus Conducted “Business Risk Review” Identified the need to focus on Strategic Risk

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Operational Risk Management

Operational Risk Management. Navy Heritage Video. Introduction. The ORM tool used by the Navy is a proven successful tool for operational use, but can be applied to many activities that involve risk. The task of driving is a matter of managing risk and maintaining the proper attitude.

1.11k views • 97 slides

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