Operational Risk Modeling Plans


Operational risk
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
GPD-Parameter-Estimation-Hill-Estimator && Continuous distributions Intro
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This program is suitable for people in Risk Management, particularly those who focus on operational and credit risk models for their organizations
Career Benefits
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
Course Highlights
Video Tutorials
Easy to follow byte sized video tutorials of over 1000 minutes created by topic experts. Learn the concepts at your own pace.
Excel Workbooks
Create Op-risk and Distribution models following a step-by-step approach devised by professionals. These workbooks have been specially designed to ensure you incorporate best industry practices of modeling.
Doubt Solving By Experts
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.
Case Study Approach
Appreciate the concepts by working on case studies derived from real-life situations.
Choose The Best Study Plan
Basic USD47/MO Pro USD197 Classroom USD999
Your work and ability to explain it is fantastic.You are teaching the visual display of quantitative information in a way that would make Edward Tufte proud
Your Ability to Synthesise Information & Your Constant Reinforcement of Key Concepts Throughout the Lessons is Extremely Helpful. The sessions were extremely professional.
Where can I get doubt clarifications? What is the duration of the course? Who would be the faculty?

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