Learn how to implement effective risk operating structures that align business objectives with performance metrics.
Many banks and financial institutions struggle with implementing operational risk programs in order to manage nonfi-nancial risks caused by people, process breakdowns, systems, or external events. Some of these risk operations have been challenged by the added complexity to manage and impact, such as cybersecurity/IT disruptions, privacy concerns, and regulatory actions. This topic helps banks and financial institutions implement effective risk operating structures that align business objectives with performance metrics, establish both quantitative and qualitive operat-ing mechanisms to support effective risk identification and management, and develop effective reporting to derive actionable insights and drive accountability.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Overview of Risk Management and Operational Risk Management (ORM)
- ORM as a Component of Enterprise Risk Management
- Sources of ORM (People, Processes, Systems, External Events)
ORM Operations and Challenges
- Steps to Implementing an ORM Framework
- Key Activities to Maintain an ORM Framework
Managing ORM and Best Practices
- Operational Challenges and Solutions to Overcome Them
- Industry Best Practices
- Case Studies
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More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on September 30, 2024.
Call 1-866-352-9540 for further credit information.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
MP3 Download
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Emily Ness
BRG
- Senior Managing Consultant in the Financial Institutions Advisory practice at Berkeley Research Group and is based out of the New York City office
- Works primarily for consumer lending clients and has extensive experience with enterprise risk management, third-party risk management, Fair Credit Reporting Act (FCRA), and regulatory compliance
- Developed a third-party risk management program for a Community Bank’s fintech program as part of a formal agreement with the OCC and oversaw the implementation of the Bank’s fintech IT oversight and the BSA / AML program
- Helped remediate regulatory issues and findings at several financial institutions and has experience designing and implementing issue management programs
- Has worked with multiple financial institutions including Top 20 US banks and large auto lenders to review current state business processes, perform risk as-sessments against state and federal regulations, implement centralized business units to reduce regulatory risk, draft policies and procedures, and perform loan-level testing
Stephanie Ricci
BRG
- Managing Consultant in the Financial Institutions Advisory practice at BRG
- Professional experience in the financial services industry, specializing in banking, consumer finance and asset wealth management
- Has assisted in remediation efforts for a Top 20 US Bank, including root cause identification and action plan creation, provided accounting compliance advisory services related to system upgrades and legal reorganizations as well as audits and assessments for a variety of financial institutions
- Experienced in implementing remediation efforts for business processes, has tested, and developed internal controls, and performed integrated regulatory audits
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More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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