Conducting an Operational Risk Audit Kevin Loughnane, ILCU Training Department

Dec 11, 2012

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Conducting an Operational Risk Audit Kevin Loughnane, ILCU Training Department

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Operational Risk Measurement

Operational Risk Measurement. Linda Allen Professor of Finance Understanding Market, Credit and Operational Risk: The Value at Risk Approach Allen, Boudoukh and Saunders Blackwell Publ., 2004. Definition.

691 views • 26 slides

Audit Risk

Audit Risk. The possibility that the auditors may unknowingly fail to appropriately modify their opinion on financial statements that are materially misstated This is the risk that the auditors will issue an unqualified opinion on financial statements that contain a material departure from GAAP.

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Conducting an Internal Audit

Conducting an Internal Audit. By Wendy Newton Edwards. What is an Audit?. An examination of an organisation’s activities to determine if the organisation is doing what it says it is doing. Benefits of an Internal Audit. The efficiency & effectiveness of operations

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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

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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

1.34k views • 67 slides

What is an Operational Audit ?

What is an Operational Audit ?. Evaluation made of management's performance and conformity with policies and budgets. The organization and its operations are analyzed, including appraisal of structure, controls, procedures , and processes.

432 views • 23 slides

CONDUCTING TAX AUDIT

CONDUCTING TAX AUDIT. CA. Sanjeev Lalan. Singrodia Goyal & Co. Chartered Accountants. Applicability of Tax Audit – S. 44AB. Every person carrying on business whose Gross Turnover, Receipts Or Total Sales exceed Rs. 1 Crore

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Training: conducting an effective interview

Training: conducting an effective interview. LAMA University. Introduction. Name Title or position in company Years of experience. Ice Breaker. Explain that companies and corporations are recognized by their symbols or logos

322 views • 14 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

786 views • 21 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

461 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 ?.

612 views • 38 slides

Operational Risk

Operational Risk. 6th ACSDA International Seminar Punta del Este, Uruguay - October 27-28, 2005 Mary Ann Callahan, DTCC. Agenda. Defining Operational Risk Demystifying Operational Risk Management from Basel II

833 views • 35 slides

Operational Risk Training Managing Operational Risk & AMA Toronto Nov 3, 2011

Operational Risk Training Managing Operational Risk & AMA Toronto Nov 3, 2011. Bogie Ozdemir & Evren Cubukgil. Agenda - Morning. Agenda - Afternoon. Principles of an Effective Operational Risk Framework.

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OPERATIONAL RISK

OPERATIONAL RISK. TK 6413 Islamic Risk Management. Prof. Dato’ Dr. Kamaruddin Sharif. Norhazlina Ibrahim 0900127 Nur Aziah Che Abdul Aziz 0900323. Operational Risk. Definition of Operational Risk (IFSB):

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Operational Risk Questionnaire

Operational Risk Questionnaire. A Framework for Operational Risk Management. Background on Operational Risk. New Basel capital requirements are based upon market, credit, and operational risk. The New Basel Capital Accord defines operational risk as:

458 views • 12 slides

Operational Risk

Operational Risk. ACSDA Leadership Forum New York City, USA - October 8-10, 2007 Diana Downward, DTCC. Agenda. Background DTCC’s Operational Risk Management Program DTCC Risk Scenarios DTCC Risk Metrics. Why Focus on Operational Risk Management?.

577 views • 20 slides

Conducting an Effective Training

Conducting an Effective Training. MABS Technical Resource Specialists Training and Accreditation Program. What is training?. Organized learning designed to change the performance of people in their jobs.

657 views • 34 slides

Operational Risk

Operational Risk. Risk Appetite & Operational Excellence. Catherine van Doorslaer Operational Risk Manager at ING Belgium. Catherine van Doorslaer – Short Bio . 1990-1996: University degrees (Namur, Leuven, Louvain-la-Neuve) in Economics and International Politics

681 views • 27 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.

695 views • 40 slides

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:

482 views • 39 slides

WHY CONDUCTING AN ENERGY AUDIT IS ALWAYS BENEFICIAL

Green building has gained great momentum in recent times. To implement energy-efficient processes, it is necessary to opt for energy audit services.

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Conducting an Operational Risk Audit Kevin Loughnane, ILCU Training Department

Conducting an Operational Risk Audit Kevin Loughnane, ILCU Training Department

Presentation Transcript

Operational Risk Measurement

Audit Risk

Conducting an Internal Audit

Operational Risk Management

Operational Risk Management

What is an Operational Audit ?

CONDUCTING TAX AUDIT

Training: conducting an effective interview

Operational Risk Management

Operational Risk Management

OPERATIONAL RISK MANAGEMENT

Operational Risk

Operational Risk Training Managing Operational Risk &amp; AMA Toronto Nov 3, 2011

OPERATIONAL RISK

Operational Risk Questionnaire

Operational Risk

Conducting an Effective Training

Operational Risk

Operational Risk Management

Operational Risk Management

WHY CONDUCTING AN ENERGY AUDIT IS ALWAYS BENEFICIAL

Operational Risk Training Managing Operational Risk & AMA Toronto Nov 3, 2011