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Identifying Operational Risks: KRIs, RCSAs and Scenario Analysis

Incisive Training
Course summary
Length: 2 days
Price: 2,299 GBP excl. VAT
Location: London
Course type: Open / Scheduled

Identifying Operational Risks: KRIs, RCSAs and Scenario Analysis

Identifying Operational Risks Course

Identifying Operational Risks: KRIs, RCSAs and Scenario Analysis - Financial Risk Training

Join this two-day course to get equipped with the latest guidance and insight on techniques and processes which to identify and address emerging operational risks.

Trainer Ariane Chapelle will lead the first day of training, delivering insights from industry practitioners and knowledge on selecting and designing preventative KRIs. She will lead discussion on developing RCSAs as well as explore industry trends and best practices on emerging operational risks.

On the second day of training, delegates will benefit from talks from a number of practitioners on industry practices and new innovations in the field.

Suitability - Who should attend?

Enquire to learn if this course is suitable for your role.

Training Course Content

This training seminar is outlined as follows:

RCSA's and ORSAs

  • RCSA's: an expression of risk appetite
  • Definition and rules for RCSAs
  • Tool: Impact / probability matrix: shapes and forms, method and choices
  • The importance of guidance and comparability
  • Financial and non financial impacts: evolving practice
  • Risk rating: when and how
  • Objectives and findings of RCSAs
  • Are you operating within appetite?

Exercise: Highlight and assess your top risks before and after controls: all within appetite 

Sound Practice for Scenario Analysis

  • Healthy scenario analysis: best practice
  • Generating Scenarios
  • Rules for brainstorming workshop
  • Scenario Assessment: measuring rare events
  • Traps and biases in scenario assessment
  • Some rules for expert elicitation: reducing biases
  • Delphi
  • Fault trees: lessons for management and measurement

Range of scenario assessments

Class exercise: scenario generation: brainstorming workshop

Illustration: case studies and examples

Designing and Selecting Preventive Key Risk Indicators

  • Essential features of preventive KRIs
  • KRI, KPI, KCIs: concepts,overlaps and examples
  • KRI Typology: four categories of preventive KRIs (© Chapelle)
  • Root cause analysis - Bow-tie: a most effective tool to define
  • Preventive and corrective controls
  • Leading KRIs
  • Tracking the common failures and systematic patterns
  • KRI Design: Frequency - Trigger levels - Escalation criteria - Ownership - Data accuracy
  • Six steps for preventive KRIs (© Chapelle)
  • Controls: Prevention by Design

Exercise: analysis of risk drivers & KRIs: design preventive KRIs

Expenses

  • Early Booking Price 1 - Register by 13 January 2016: $2,099 + VAT
  • Early Booking Price 2 - Register by 10 February 2016: $2,399 + VAT
  • Standard Price - After 17 February 2016: $2,599 + VAT

For more than 3 delegate bookings, please enquire for rates.

Your registration fee includes morning refreshments, lunch, afternoon refreshments, and your conference/seminar materials.

Provider: Incisive Training

Incisive Training - Financial and Energy Training Courses for Professionals

Incisive Media is a leading global provider of finance and energy training, with a reputation for delivering timely, relevant courses that benefit from over 15 years of activity in the market. Their topical professional development programmes are based on the...


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