Masterclass Overview

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.

Who should attend the course?
  • Operational Risk Managers.
  • Compliance Officers.
  • Other 2nd Line of Defence staff supporting ORM.
  • Internal Auditors.
  • 1st Line of Defence staff supporting ORM.
  • Enterprise Risk Management Managers.
Which organizations should attend?
  • Commercial Banks
  • Investment Banks
  • Hedge Funds
  • Asset Management Firms
  • Fund Managers
  • Leasing Companies
  • Insurance Companies
  • Fund Managers
  • Other Financial Institutions having to comply to       Basel/Solvency II
Why you shouldn’t miss it? – Benefits
  • A clear understanding of Operational Risk Management in all its facets
  • An overview of applicable law and regulation
  • Translation of law and regulation into an Operational Risk Framework with techniques to manage the different risks
  • Compliance with COSO 2017 changes
  • Avoid the booby traps of the 3 Lines of Defence principle
  • Understanding of the importance ofsoft controls versus hard controls
  • Understand the coherence between the different Operational Risk Management Instruments in the Operational Risk Management Cycle
  • How to inventorise and, where possible, avoid the problems of introducing an Operational Risk Management Cycle

Meet your Prominent Facilitator

frans
Mr. Frans de Jong
Master of law at the Erasmus University in Rotterdam

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).

Payment Online

Registration Fee

€2496

  • Per Participant

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In-house Trainings

  • 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.

If you want to send us an email with your query, just send it to: masterclass.registrations@aurelius.in

Masterclass Venue

+44 2032 398083

Brussels, Belgium