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Operational Risk Master Class: Measurement, Management, and Leadership

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Operational Risk Master Class: Measurement, Management, and Leadership

A Two-Day Course Led by

Professor Russell Walker

April 3 & 4, 2014


Download Brochure to view full program outline.

Operational risk has grown in importance. New regulation, increased business complexity, and emerging technology contribute to a firm’s operational risk and suggest that this type of risk is a force that will continue to increase in size and significance. In this Master Class on Operational Risk, we will explore the features that make operational risk challenging not just in measurement and management, but also in leadership. Through real-world case studies, we will examine how operational risk challenges firms unexpectedly and how it can inevitably result in more regulation and reputational harm. We will explore operational risk in financial services and how it is manifested differently in banking and insurance. Special emphasis will be given to customer-facing functions and the role of consumer rights in the new regulatory environment. We will discuss the communication of operational risk metrics, including Key Risk Indicators (KRIs). We will also examine in detail the Basel methodologies for calculating economic capital for operational risk. Advanced tools for operational risk preparation, including, stress testing and scenario analysis will be presented. The course will focus considerably on how operational risk teams can effectively work within an enterprise risk management framework, develop a risk culture, and contribute to the risk decisions and strategy of the firm.


“Russell continues to shine in the presentation of difficult subject matter. He keeps information sufficiently broad to allow applicability across a diverse group of professionals.”

“Very good conversations came out of the materials, as did good examples from Professor Walker.”

"Excellent presentation; Great class participation.”

FEE: Register by March 3rd, 2014 and receive a $200 early registration discount.  PRMIA Sustaining Members receive an addition $100 discount. Fee includes program materials, continental breakfast, lunch and afternoon coffee break. 

Early Registration Fee

Sustaining Members:  $1,895
Contributing/Free Affliate/Non-Members:    $1,995

After March 3rd, 2014

Sustaining Members:  $2,095
Contributing/Free Affliate/Non-Members:    $2,195

REGISTRATION:  You may register online with a credit card by clicking on Register at the bottom of the page or by invoice. 

To pay by invoice, download and complete an enrollment form and e-mail completed form to

Download Enrollment Form

For assistance with registration, contact Allyn Sellers at 612-216-4739 or

VENUE:  Kellogg School of Management, Chicago Campus

CANCELLATION: A refund (less a US $200 administration fee) will be made if formal notice of cancellation is received four weeks prior to the date of the event. We regret that no refunds will be made after that date. Substitutions may be made at no extra charge.

IMPORTANT NOTICE: All courses are subject to demand. PRMIA reserves the right to cancel or postpone courses at short notice at no loss or liability where, in its absolute discretion, it deems this necessary. PRMIA will issue 100% of registration refund should cancellation be necessary. Travel and hotel expenses are the responsibility of the registering individual.

CFA Institute CE Qualified Activity logo blk.jpgAs a participant in the CFA Institute Approved-Provider Program, PRMIA has determined that this program qualifies for 13 credit hours.  If you are a CFA Institute member, CE credit for your participation in this program will be automatically recorded in your CE Diary upon the report of your CFA member number to

CPE2COLO.JPG This training course qualifies for 15 CPE credits. PRMIA is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors.  State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.  Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors through it's website:


April 3rd, 2014 8:30 AM   through   April 4th, 2014 5:30 PM
340 East Superior Ave
Chicago, IL 60611
United States
Registration $ 2,195.00

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