With the growing sophistication of financial institutions, mitigating operational risk has become a prime concern for institutions as well as regulatory bodies. To mitigate operational risk, a comprehensive approach is required that asks for a strong fundamental knowledge of statistics and current regulatory literature.
Operational risk modeling helps in measuring, monitoring and mitigating the risk of direct or indirect loss caused from inadequate or failed internal processes or from external events.
To mitigate operational risk, a comprehensive approach is required that asks for a strong fundamental knowledge of statistics and current regulatory literature, both of which is covered in the course.Sample Preview of our material
This program is suitable for people in Risk Management, particularly those who focus on operational and credit risk models for their organizations
Provides a solid understanding of statistical concepts required for Risk Management jobs Provides a competitive edge in the fastest growing field of Risk Management It is a prerequisite for Operational Risk jobs in the Risk Management field Gives you excellent skillsthat help you advance your career in the Operational Risk field Covers concepts such as Distribution Fitting (MLE, MME etc.) It includes a detailed analysis of capital implications of Modeling decisions It has a comprehensive coverage of operational risk of Basel-II implementation
The participant should be comfortable with Microsoft Excel Should also be familiar and have working knowledge of operational risk concepts
|Listed below are the topics that will be covered in the course|
|Introduction to operational risk modeling|
|Basic concepts of probability distributions|
|Modeling number of losses using Excel: Frequency Distributions|
|Modeling size of losses using Excel: Severity Distributions|
|Fitting distributions to data: Parameter Estimation|
|Examining Goodness of Fit|
|Aggregate loss Modeling|
|Aggregating VAR estimates across Business Lines and Event Types|
|Precautions while using EVT/GPD to avoid overestimation of capital requirements|
|Confidence level of the estimated parameters|
|Using External data in Operational VAR estimation|
|Combining capital estimates based on internal data, external data and scenario analysis|
|Operational Risk Modeling Software|
|Introduction to R: an open-source operational risk modeling software|
Easy to follow byte sized video tutorials of over 1200 minutes created by topic experts. Learn the concepts at your own pace.
Create Analytical models following a step-by-step approach devised by professionals. These workbooks have been specially designed to ensure you incorporate best industry practices of analytical modeling.
Write to us and get your doubts solved by our experts within 2 business days. You can also initiate a discussion by posting it on active forums.
Appreciate the concepts by working on case studies derived from real-time situations.
A reference to get ahead in your career. At the end of the course, you will receive a Certificate of Participation. You can also earn the Certificate of Excellence upon completing our course assignment (Please get in touch with our sales representative for more details).
EduPristine really cares about its customers and made sure that I was satisfied with the service. The training was informative and professional yet comfortable and fun. With a little improvement on the communication, I believe EduPristine will be one of the best financial training service providers.
Edupristine provides a timely and effective training for emerging finance professionals in investment analysis and business analysis. The course is enriching and relevant for career growth and development for any finance professional.
We have an active forum, where you can raise your doubts and we would be happy to share our knowledge.
20 hours of asynchronous recordings that you can listen to at your own pace We have an active forum, where you can raise your doubts and we would be happy to share our knowledge.
Faculty would be an expert market professional working in the field of risk management for more than 10 years.
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