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Operational Risk Management - More than Compliance - Webinar

  • ID: 5318066
  • Webinar
  • May 2021
  • Region: Global
  • 90 Minutes
  • NetZealous LLC
25 % OFF
until Nov 30th 2021

The management of operational risk is a critical compliance issue for all banks and financial institutions in all jurisdictions worldwide.

The Bank of International Settlements defines operational risk as the 'risk of loss resulting from inadequate or failed internal processes, people and systems or from external events'.

These four factors; internal processes, people, systems or external events are exceptionally wide-ranging and cover virtually every element of the operations of banks and financial institutions outside of the credit and liquidity aspects. The effective management of all of these operational risks is a basic part of every financial institution's risk management and compliance programs.

Why you should Attend

As a new financial operational process, the Blockchain has a lot of promise for dozens of trade and finance processes.

The problem is that what the Blockchain is and what it can be used for is shrouded in acronyms, misunderstandings and even misinformation.

This webinar will offer a clear and unbiased view of what the blockchain is, how it works and what it can be used for.

Areas Covered in the Session
  • Managing operational risk
  • Risk analysis
  • Risk appetite
  • Prioritizing risks based on probability & impact
  • Establishing responsibilities for risk management
  • Mapping risk strategies to categories of control
  • Designing & documenting specific controls
  • Risk measurement metrics
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Stanley Epstein is a Director of Citadel Advantage Limited. He holds a Masters degree in Economics and a BCom. degree in Accounting from the University of South Africa, Pretoria. He has extensive and wide-ranging banking and IT experience, including 33 years with the Standard Bank of South Africa, where during the 1990s he filled an industry level role holding several key positions in the area of electronic payments/banking.

His extensive exposure to banking practice and banking operations extends to many countries including the USA, United Kingdom, South Africa, Israel, Europe and Australia.

During the 1990s he held a senior banking industry level role on a secondment to the South African Clearing Bankers Association. During this time, he was Chairman of the Risk Committee of the Payments Association of South Africa (PASA). He also participated with the South African Reserve Bank and other commercial banks in the development of the South African National Payment System. He also represented South Africa on two occasions at the United Nations Commission on International Trade Law (UNCITRAL) in New York.

On leaving South Africa, Stanley spent time as a payment systems designer and consultant to a US based bank payments software developer located in New Jersey. This included projects and consultation work with central and commercial banks in the US, the UK, Australia, Israel, Kazakhstan, South Africa, Mauritius, Namibia, Romania, and the Netherlands.

Stanley also served as an external consultant to the Bank of Israel in the reform of the Israeli payment systems dealing with two major projects;
• the introduction of that country’s ZAHAV Real Time Gross Settlement payment system and
• the inclusion of the Israeli Shekel in the international Continuous Linked Settlement (CLS) system - a role which covered various wholesale, retail and international payments systems, operational risk and legal issues as well as policy, regulatory and oversight matters

Over the past decade he has been in the private high-tech sector providing high-level training and consulting services to a wide range of banks and other clients across the world in areas of international payments, digital/mobile banking, governance, risk management, and compliance.
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  • Banks and all types of financial institutions (i.e. insurance companies, leasing institutions, community banks, credit card operations)
Note: Product cover images may vary from those shown