Operational Risk Management - Risk Management

This one-day programme provides practical knowledge and tools to increase understanding of managing Operational Risk Management and non-financial risks in financial institutions.

Learning is achieved via theory and approach examples to assist participants apply the relevant application in their workplace. Additionally, insight will be achieved through the use of real-world examples.

This programme incorporates Q&A sessions and participants are encouraged to ask questions and interact with the trainer and other participants. By the end of it, participants should have an understanding of the framework and knowledge required to use in practice the key techniques and tools of Operational Risk Management.

Programme Outline

Learning Objectives

By the end of the programme, participants will be able to:

Explain the roles and importance of Operational Risk Management
Conduct assessment on business processes to identify associated risks
Develop action plans to mitigate associated risks within the business entity
Direct and coordinate appropriate activities in Operational Risk Management programme
Perform roles and responsibilities in developing risk management culture and enhancing Operational Risk Management across the organisation

Programme Outline

Introduction to Operational Risk
Definitions of Operational Risk
Examples of significant Operational Risk events and losses
Why Operational Risk Management matters
Case Study: Rogue trading
Definition of Risk Classes
Potential forms of Operational Risk losses
Categorising operational risk events and losses
Top operational risk issues globally
Case Study: Regulatory breaches and penalties
Operational Risk Governance
Risk management organisation
“3 lines of defence” and leadership support
Building a sound risk culture
Control Self Assessments
Consider the use of qualified assessments of Operational Risk
Review how Risk and quality can be measured in a subjective fashion
Discuss the benefits of CSA
Key Risk Indicators
Examples of KRIs
Monitoring and reporting
Early warning system and taking actions to mitigate risks
Building Scenario Analysis and Stress Testing
Stress testing vs. scenario analysis
Multiple event scenarios and dependencies
Building scenarios and stress tests
Managing Operational Risk
Common challenges of Operational Risk Management
Techniques to improve ORM
Best practices and ORM in the digital age

METHODOLOGY

Lecture including presentations, case studies and discussions

Participant profile

Business line managers, risk owners, control owners, risk management and compliance officers, internal audit and any employee who is responsible for instituting effective “3 lines of defence” in the organisation

Trainer

Cheah Wee Leong

Director, Investment Banking at the Asian Banking School

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Cheah Wee Leong

Director, Investment Banking at the Asian Banking School

Cheah Wee Leong is the Director of Investment Banking at the Asian Banking School. He has more than 25 years’ experience working in the banking industry with local and foreign banks in various roles and capacities. A seasoned professional, Wee Leong brings with him broad experience as a former banker and management consultant.

Wee Leong started his career at Citibank in 1993 before joining US management consultancy firm Accenture in 1997. At Accenture, he was involved in managing large bank merger-integration, process re-engineering and transformation projects. He has worked in projects in various countries including Hong Kong, China, Singapore, Indonesia, Thailand, Mauritius and Saudi Arabia.

In 2003, Wee Leong joined CIMB as its Head of Operational Risk Management and led the implementation of the bank’s operational risk management and Basel 2 – Operational Risk framework. Subsequently, he assumed various senior roles in Trade Finance, Regional Transaction Banking, Corporate Banking, Treasury and Markets division and Group CEO office at CIMB. His last role at CIMB was as Director, Group Strategy.

Wee Leong holds a Bachelor of Business Administration from the USA and a Master of Business Administration (with Distinction) from the Anglia Ruskin University, UK. He obtained training from Citibank Asia Pacific Banking Institute in Singapore in 1995. He is a certified Chartered Banker, Certified Expert in ESG and Impact Investing (awarded by Frankfurt School of Finance and Management), Finance Accreditation Agency (FAA) Certified Training Professional and a holder of the “Certificate in Climate Risk” and “Certificate in Digital & AI Evolution in Banking” (awarded by Chartered Body Alliance, UK) and PRINCE2 Foundation and Practitioner Certificate in Project Management. Wee Leong completed the “Leading the Sustainability in Transformation in Banking” programme with the Frankfurt School of Finance and Management (Germany) in October, 2022 and the “Global Shifts and Risk for Banking Leaders” at Said Business School, University of Oxford (UK) in September, 2024.