Explains the risk and control self assessment (RCSA) procedure and its relevance in a bank’s risk culture. Establishing the key objectives of the RCSA process, identifying risks and a suitable control environment, deciding relative priorities, and the overall purpose and advantages of an RCSA.

What You’ll Learn:

• Define operational risk, define control frameworks, and explain the purpose and advantages of undertaking a risk and control self-assessment (RCSA)
• Determine factors that will help the RCSA be implemented successfully.
• Describe techniques for analyzing and prioritizing risks.
• Describe strategies for managing and controlling hazards.
• Determine data collection methodologies and resources, conduct the RCSA, and monitor and report outcomes.

Audience:

First-line risk and operations managers with operational risk management responsibilities, such as implementing, managing, monitoring, reporting, auditing and/or supporting an effective operational risk management program, policies, and procedures. Risk and internal audit professionals. Third-party service providers. State/federal examiners.

Certifications:

• Certified Enterprise Risk Professional (CERP)
• Certified Regulatory Compliance Manager (CRCM)
• Certified Securities Operations Professional (CSOP)