Operational Risk is “the risk of loss (or gain) resulting from inadequate or failed internal processes, people and systems or from external events”. If Operational Risks are not well managed, both the financial, as well as the reputational, consequences can have a devastating impact on the company, resulting in bankruptcy.
The financial crisis made this all the more clear as most financial institutions needed government support to survive. As a result the last (two) decade(s) showed an ever increasing number of laws and regulation applicable to financial institutions, reinforcing regulatory control. To keep up and comply with all these asks considerable effort by the financial institutions and its staff. This training is intended to give the participants a better insight in how to integrally manage Operational Risks as part of a wider Enterprise Risk Management framework.
Frans de Jong has more than 35 years of experience within financial institutions, both in commercial and risk management functions.
He worked in various commercial function at NCB-Bank, F. van LanschotBankiers, ING Bank, Fortis Bank and ABN AMRO Bank.
In 2004 he took up the coordination of the implementation of the Basel II accords within Fortis Bank Nederland (FBN), as well as a number of international Fortis Bank subsidiaries, resulting in Advanced Internal Rating Based Approach (AIRBA) compliancy for Credit Risk and Advanced Measurement Approach (AMA) compliancy for Operational Risk.
After the nationalisation of ABN AMRO Bank by the Dutch government he took up the drafting of the AMA Application File towards the Dutch Central Bank (DNB) and the European Central Bank (ECB), resulting in the AMA compliancy for this bank. Furthermore he trained hundreds of ABN AMRO Bank staff in implementing the Operational Risk Framework of this Bank.
As of 2015 he operates independently as Operational and Credit Risk Consultant and Trainer within his own company IsaFra Consultancy & Training. In this capacity he has operated in several consultancy and training functions within FERM (Training), Delta Lloyd Asset Management (Design and implementation of an Operational Risk Framework), J.P. van Eesteren (Design of an Operational Risk Framework and training), Finext (Training), Inspire (Training) and Achmea Investment Management (Implementation of a Record Management policy and system in relation to the General Data Protection Regulation (GDPR) and the Markets in Financial Instruments Directive II (MiFID II).
Specific industries face specific problems. They require niche information and solutions. In-House Training is precisely engineered to your needs.
Taking place in the privacy of your company, including real-life case studies and best practices, the course is led by an independent industry expert.
We have the best subject matter experts (empanelled with us) globally which further help us to draft agenda in line of needs & which is delivered at the convenient time & venue to you.
Provide your employees a unique learning experience without having to leave the office, interruption of work and duties & incurring travel costs.