Developing an Operational Risk Appetite Statement
Instructor:
Mario Mosse
Product ID: 703661
- Duration: 90 Min
Why Should You 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.
Areas Covered in the Webinar:
- 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
Mario Mosse
President, MMosse Consulting LLC
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.
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