Developing an Operational Risk Appetite Statement
Led by Mario Mosse
April 26. 2017
10:00-11:30 am EDT
This webinar will discuss the challenges and opportunities involved in developing and implementing an operational risk appetite statement, which is supported by operational risk limits, and the determination of actual exposure against those limits.
The webinar will also address how to leverage existing components of the operational risk management framework to ensure business units are operating within approved operational risk limits and that aggregate exposure does not exceed the company-wide risk appetite.
Why you should 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 in the development of risk appetite statements and limits, and to calculate actual exposure to financial risks (e.g. credit, market), operational risk is still expressed primarily in a qualitative and aspirational manner, with little or no quantification.
Areas to be covered during this session:
Risk management policy; Risk appetite framework; Risk appetite statement; 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 should benefit from this session:
Banks; Asset Managers; Broker/Dealers; Insurance Companies and all other financial institutions; Supervisors; Financial Officers; Risk Officers; Internal Auditors; Operational Risk Managers; Internal Auditors; Board members; Compliance Officers; Financial Officers; Internal and External Auditors; Regulators who supervise or examine banks or financial institutions; C-Suite officers.
Fees: Registration includes digital copies of program materials, access to each live session, and access to the recorded sessions for 60 days.
Sustaining Members: $110.00
Contributing Members: $125.00
Registration: You may register for this course by clicking on Register at the bottom of the page. For questions regarding registration please contact PRMIA at firstname.lastname@example.org.
Invoicing Requests: Please complete the attached form (group or individual) for invoice requests at least 7 days prior to the program start date. All invoices must be paid in full prior to the start of the course. There is a $20.00 processing fee and an additional $25.00 fee for wire transfer requests.
Cancellation: A refund, less a 15% administration fee, will be made for all cancellations made up to 48 hours prior to the program date. We regret that no refunds will be made after that date.
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 reserves the right to change or cancel the program. PRMIA will issue 100% of the registration refund should cancelation be necessary.
About the Speaker:
Mario Mosse is the President of MMosse Consulting, LLC, a company that provides risk management advice and training to the financial services industry. Mosse has significant experience in the areas of enterprise risk management, regulatory compliance, internal audit and project management at major financial services companies.
He also has extensive knowledge of U.S. and international financial services and products (retail and corporate banking, securities brokerage, investment banking, asset management and life insurance) as well as risk management and internal control frameworks such as Basel III, Solvency II and COSO.
Previously, Mosse was with Prudential Financial, Inc. for 18 years where he was in charge of the company’s operational risk management program. Prior to that, he was the Chief Internal Control Officer for Prudential Securities and Vice President, Management internal Control of Prudential Investments.
Prior to joining Prudential, Mosse spent 19 years with The Chase Manhattan Bank, N.A. where he was in charge of risk management and compliance for the Corporate Finance Sector, South America Regional Audit Executive, and Vice President, General Auditing.
This webinar qualifies for 1.8 CPE credits.
In order to receive CPE credit for any Live Webinar you must: Stay on for the entire program and respond to all questions asked during the Live Webcast in order for the participant to receive the stated CPE credits. Request a certificate at the conclusion of the webinar by emailing email@example.com.
Important Note: Unfortunately, CPE credits will not be awarded should technical difficulties arise. Additionally, we are prohibited from awarding CPE credits to those participants who do not satisfy the attendance and participation requirements set forth for all Live Webcast Events as outlined above.
Prerequisites: PRMIA webinars require basic financial markets knowledge at the BSc level. PRMIA webinars require a prerequisite knowledge and understanding of banking and finance.
Program Level: Intermediate
Delivery Method: Group Internet-based
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 its website: www.learningmarket.org.
April 26th, 2017 10:00 AM through 11:30 AM