Identifying and Managing Emerging Operational Risk
July 2 2020 16:00 - 17:00 UTC
Operational Risk Management is tasked with recognizing and managing day- to-day risks as well as keeping their eye on emerging events. How to recognize any emerging risk can be difficult. What to do when a risk is emerging or has just recently emerged is even more difficult yet. The key may not be to predict what is going to happen but instead to be excellent at recognizing quickly when risks have emerged and then to react appropriately.
Creating an understanding of how to react to emerging events, or even to fluid situations, can easily provide an institution with a competitive edge. This webinar will explore just how to recognize events that could impact an organization and provide guidance on the right level of reaction to any event. Streamlining reaction processes so that responsible parties are aware and included is a key to managing emerging risk. This webinar will help define what that process should look like.
Participants will gather knowledge on how to recognize emerging risks, best ways to quantify their impact, create tools to monitor and provide insights via reporting to senior management and the Board of Directors. Specifically, we will discuss techniques for recognizing risks: discuss ways to determine which are those risks that should be reacted to quickly; understand methods utilized to develop a rapid response methodology for immediate action and best ways to message results of the work performed in this area.
• Prerequisites: N/A • Advanced Preparations: N/A
• Course Level: Basic • Group Internet Based Training
CBANC Network is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.
Identifying and Managing Emerging Operational Risk 07022020.pdfAttendees Only
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