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Simplifying Risk Management Globally

Training

A key element of any successful ORM implementation is raising the level of OR awareness across the institution at all levels.

GSA provides workshops are tailored to meet the requirements and time constraints of both Senior Management and those involved on a tactical level.

The initial training session covers the fundamentals of the what and why of OR together with the preliminary outlines of how.

  • Evolution of ORM, covering:
    • Development and Current Status of ORM as a discipline
    • Basel II
    • Outline of Three Pillars
    • Capital approaches (BIA, SIA, AMA)
  • OR Governance, covering
    • Committee structures and framework for managing risks
    • Role of ORM and interaction with Senior Management, Internal Audit, Compliance
    • Business Partnership Model - Responsibility of the Business Managers
  • Case studies to illustrate importance of OR

  • The Risk Management Modules, covering:
    • Identification
    • Assessment
    • Reporting
    • Treatment
    • Monitoring and Review

Training Sessions

The subsequent session focuses on the practical side of ORM (Pillar 1)

  • Historical Loss Data Collection, covering:
    • Defining and categorising OR
    • Collection of loss event information
    • Validation of loss data
    • Near Misses
    • External Databases
 
  • Self Assessments, covering:
    • Identifying and recording the process/area to assess
    • Identifying Treatment Methods
    • Evaluating risks before and after controls
    • Identifying and recommending control improvements/risk mitigations
  • Key Risk Indicators, covering:
    • Identifying generic bank-wide and business specific KRI's
    • Determination of KRI selection criteria
    • Evaluating KRI Quality - predictive or historical indicators
    • Reporting KRI's
 
  • OR Reporting, covering:
    • Report types and format
    • Report content - Self assessments, KRI's and Loss Events etc
    • Determining report recipients