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Managing Operational Risk in Banks and Financial Institutions

Learn how to best manage operational risk and overcome operational challenges.

Many banks and financial institutions struggle with implementing operational risk programs in order to manage nonfinancial risks caused by people, process breakdowns, systems, or external events. Some of these risk operations have been challenged by the added complexity to manage and impact, such as cybersecurity/IT disruptions, privacy concerns, and regulatory actions. This topic helps banks and financial institutions implement effective risk operating structures that align business objectives with performance metrics, establish both quantitative and qualitive operating mechanisms to support effective risk identification and management, and develop effective reporting to derive actionable insights and drive accountability.

Runtime: 92 minutes
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Overview of Risk Management and Operational Risk Management (ORM)

  • ORM as a Component of Enterprise Risk Management
  • Sources of ORM (People, Processes, Systems, External Events)

ORM Operations and Challenges

  • Steps to Implementing an ORM Framework
  • Key Activities to Maintain an ORM Framework

Managing ORM and Best Practices

  • Operational Challenges and Solutions to Overcome Them
  • Industry Best Practices
  • Case Studies
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This course was last revised on April 24, 2020.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

MP3 Download

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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More Program Information

Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

David Angel

David Angel

Navigant Consulting, Inc.

  • Managing consultant with Navigant Consulting, Inc. (A Guidehouse Company) in the Banking, Insurance & Capital Markets practice
  • Over nine years of management consulting experience helping financial institutions improve their risk and compliance operations; these include several top fifteen U.S. banks, regional banks, large nonbank mortgage services, auto lenders, and student lending institutions
  • Worked closely with client executives and management to evaluate and improve current-state processes against industry best practices
  • Recently helped advise a large U.S./Caribbean conglomerate bank with the redesign of a streamlined risk assessment methodology to cover over 40 financial products in deposits and lending operations for both consumer and commercial portfolios including mortgage, deposits, personal loans, card products, lines of credit, auto and leasing, and commercial lending
  • Extensive experience conducting operational assessments, consumer finance regulatory reviews, and implementing ERM/ORM operating mechanisms
  • Certified Six Sigma Green Belt by the American Society of Quality (ASQ) and holds a Project Management Professional (PMP) certification
Mitchell Gioia

Mitchell Gioia

Navigant Consulting, Inc.

  • Senior consultant with Navigant Consulting, Inc. (A Guidehouse Company) in the Banking, Insurance & Capital Markets practice
  • Project experience includes conducting regulatory assessments, developing and executing end-to-end borrower restitution initiatives, helping clients enhance their current processes, and designing executive and investor reporting solutions
  • Implemented a tailored methodology for conducting risk assessments of mortgage, auto, credit cards, deposits, commercial and retail credit products across multiple entities of a large bank; this involved identifying operational overlaps across products to consolidate risk analyses, establishing adequate process/risk/control inventories, and providing actionable reporting for business remediation and executive management
  • Experience working with several regional and national banks, along with various nonbank entities
  • B.S. degree in commerce, University of Virginia
Vincent Urbancic, CFA

Vincent Urbancic, CFA

Navigant Consulting, Inc.

  • Director with Navigant Consulting, Inc. (A Guidehouse Company) in the Banking, Insurance, and Capital Markets practice
  • Over fifteen years of professional experience in the consumer finance and the banking industry and has worked with very talented professionals in addition to a wide range of clients during his time at BearingPoint, Booz Allen, Fannie Mae, Navigant, and now Guidehouse
  • Extensive experience in managing and implementing risk assessments and methodologies, business process reviews and optimization and regulatory readiness assessments
  • Led evaluations of the entities Compliance Management System and provided opinions and authored reports to the CFPB and the DOJ as to the adequacy and effectiveness of such systems
  • Active volunteer for the Chartered Financial Analyst (CFA) Institute and has served in multiple roles throughout the last seven years
  • MBA degree, The Johns Hopkins University, and is a Chartered Financial Analyst
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

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  • State Specific Credit Tracker
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* For audio recordings you only pay shipping

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Product ID: 407282
Published 2020
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