Operational Risk

In this session, we go over the Operational Risk Framework. How to implement Ops Risk Framework in Banks and see various approaches as per Basel requirements.
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Timestamps:
0:00 - Introduction
2:39 - Agenda
3:32 - Past and Present view of Operational Risk
5:00 - Challenges Faced by Banks to meet Ops Risk requirements
11:58 - What is Operational Risk?
15:47 - What is peculiar about Operational Risk?
23:00 - Operational Risk Management Process Maturity
30:09 - Sources of Operational Risk
30:43 - Importance of Drivers
31:04 - An Operational Risk Management Framework
36:27 - Operational Risk Implementation in a Bank
40:12 - Creating Calculation Dataset
45:05 - Attributes of Loss Calculation Dataset
45:53 - Key Risk Indicator Approach
51:55 - Types of Key Risk Indicators
53:07 - Key Risk Indicators: Attributes
57:58 - Examples of Lag and Lead KRIs
1:00:20 - Risk and Control Self Assessment Framework (RCSA)
1:06:40 - RCSA Implementation Approach
1:09:28 - RCSA-Three Steps (Risk Identification, Assessment, and Mitigation)
1:11:13 - Control Ratings and Scores
1:11:34 - Risk Matrix
1:12:34 - RCSA Process - Criteria
1:13:49 - The Regulatory Approach: Four Increasingly Risk Sensitive Approaches
1:17:52 - Key Takeaways & Concluding Remarks

[@mohamedbengana3344]

Thank you for sharing such a beneficial and valuable knowledge and insight.

[@cassd4492]

KRIs specific to an operational risk management department tend to be more qualitative. What methodologies would you recommend for measuring a qualitative KRI?

[@guntursravankumar2801]

What is the final output in terms of Amount from RCSA framework? Like RWA from Credit Risk framework

[@guntursravankumar2801]

I have a question regarding Operational Risk. How is RCSA framework is relevant in Operational risk capital calculation Basic Indicator approach or Standard approach

[@nelsonhans3633]

What is difference between risk cartography and risk mapping?

[@mohammedwaheeduddinafsar9482]

Main yah maloom karne ke liye poochha mujhe risk Lena nahin hai Allah jo deta hai aur main Allah ke kisi se nahin mangta mere Naseeb mein hai vah milkar rahega Jo nahin hai vah nahin milega Rakesh Jain per bhi main Raji hun aur Allah ke puchna Mera kam aap log bataiye main samajh gaya main pahle Allah se mafi chahta hun 💕 bad mein aapke hajaron Ko Jo main Shakti aur pyar Kiya uske liye aap Sare logon se mafi chahta hun 💕 kisi Insan ka Dil todna hi Allah ke pass joron mein Maine jogiya main sharminda Hun ❤️ Allah mujhe maaf karna Allah Hu Akbar La ilaha illallah muhammadur rasulullah sallallahu alaihi wasallam