Op Risk Training Brochure

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Operational Risk Training SeminarDemystiying Key Issues & Concepts

A Comprehensive Two-Day Interactive Workshop

Facilitated by Ali Samad-Khan

March 30 - 31, 20Washington, D.C

Presented Byedia Sponsors

Business News A m e r i c a s



Dear Risk Management Proessional,

• Why is there such little consensus among leading practitioners on the right approach to managingoperational risk? And where there is consensus has the industry converged to the right standards?

• Have you recently attended a major operational risk conerence only to learn that many experts havestrong opinions but ew have clear answers?

• Do you want to learn what the core issues in operational risk management are and how to address them?

Beore one can manage operational risk one needs to understand the undamental issues. To help demystiythe key issues and concepts the Global Institute or Management (GIM) is pleased to bring you a comprehensivetwo-day workshop on the True Fundamentals o Operational Risk Management on March 30-31 in Washington, D.CThis interactive workshop will be led by Ali Samad-Khan, President o OpRisk Advisory and perhaps the world’soremost authority on operational risk management. Mr. Samad-Khan will share his knowledge on the ull range ooperational risk management and measurement issues – knowledge gained through nine years o internal researchand practical experience, working with dozens o leading banks, insurance companies and national and internationaregulators around the world.

By attending this workshop, you will gain a solid understanding o the real issues in operational risk management, awell as what works, what doesn’t work and how it all ts together. Whether you are a seasoned risk proessional or

just getting started in this eld, this training event will be an invaluable experience. Mr. Samad-Khan’s expertise inthis eld is unique and unparalleled in the industry. The comprehensive knowledge you will gain during this worksh

is not available in any books or other reerence materials or at any other conerences on operational risk.

Register now by calling (213) 291-8655 or by visiting www.GIManagement.comWe look orward to meeting you in Washington, D.C.

Best regards,

Understand the Most ImportantFundamentals o Operational Risk

• Defning and Classiying Risk• Risk Assessment• Control Assessment• Integrated Framework

• Expected Loss• Unexpected Loss• Key Risk Indicators & Predictive Analysis• Scenario Analysis• Value at Risk (VaR) Modeling• VaR Calculation

Who Should Attend?

Risk management proessionals, regulatorand all those interested in learning aboutOperational Risk rom industries such as:

• Banking• Financial Services• Energy• Insurance• Government / Regulatory

And all proessionals representing otherindustrial sectors interested in learningabout Operational Risk

REGISTER TODAY CALL (213) 291-8655 | WWW.GIMANAGEMENT.COM




DAY 1THURSDAY, MARCH 30, 2006

Registration & Continental Breakast

Welcome & Introductions

The History & Evolution o ModernOperational Risk Management

What exactly is modern operational risk managementand what is its value proposition? In this introductorysession you will learn how operational risk managementevolved rom an unstructured set o processes andprocedures into a modern science; the history o alsestarts, missteps and wrong turns, and how these issueswere resolved and the way orward. The discussionwill also cover the evolution o risk regulation inthe banking industry and the steps leading to thedevelopment o the Basel II Capital Accord.

What is Operational Risk?

Is risk a type o loss, a measure o damage, orsomething entirely dierent? Is risk exclusively a badthing? Beore you can manage operational risk youneed to understand what risk really means and how useo this term in casual conversation diers signicantlyrom its ormal usage. In this introductory session youwill learn the true nature and meaning o the word risk,the undamental characteristics o operational risk aswell as the dierences in denitional standards used

by the accounting and risk management proessions.

Morning Break

Defning & Classiying Operational Risks

A structured approach to operational risk managementrequires a sound classication ramework. But thisis a signicant challenge because operational risksspan causes (lack o supervision), events (raud) andconsequences (lawsuits). How can one incorporate

all these elements into a single comprehensivedenition and how will doing so acilitate bettermanagerial decision making? In this session you willlearn the undamental issues surrounding loss dataclassication, the evolution o thinking in this eldover the past decade, the dierent approaches usedas well as which methods best support an advancedmeasurement and management ramework.

Networking Luncheon

8:00

8:30

8:45

9:45

10:45

11:00

12:00

Integrated Risk & ControlManagement Framework

In order to develop a holistic, integrated operationmeasurement and management ramework one establish a common risk and control manage

structure. This allows one to track and monitor theo risk in each business and the corresponding cquality. In this session you will learn how to esta ramework which will enable your organizatiidentiy where its businesses are well protectedwhere there is room or improvement.

Understanding Risk Assessment Issue

Organizations have been conducting risk assessmor decades, but are the traditional approaches vThe COSO standard in the USA, or example, end

an approach based on likelihood and impact anawhich has serious faws. There are other poapproaches, some o which are based on historicadata and scenario analysis, which also raise concIn this session you will learn the pros and cons ovarious approaches and how to apply advanceassessment techniques in your organization.

Aternoon Break

Understanding Control Assessment Iss Ater identiying and assessing its major risorganization needs to assess the quality ocorresponding internal controls to determine whit is over-controlled, under-controlled or adequcontrolled in the context o its risk appetite andtolerance standards. But assessing controls is asubjective process. How can one make this promore objective so that the results are meanand can be turned into metrics to be monitorea continuous basis? In this session you will gaunderstanding o the issues one has to addre

developing a viable control assessment program

Daily SummaryConclusionsQuestion and Answer

Adjourn

1:00

2:00

3:00

3:15

4:15

4:45




DAY 2FRIDAY, MARCH 31, 2006

Continental Breakast

Review o Operational Risk Frameworks

What are Expected & Unexpected Loss?

There has been a lot o discussion in the industryabout how to dene and calculate expected loss andunexpected loss. And there are many opinions on thissubject. There are some who still believe that expectedlosses are the smaller losses and unexpected lossesare the larger losses. Clearly, these denitions are notvery sensible, because it would be very dicult todetermine the point at which a loss becomes largeenough to move rom the expected to the unexpectedrealm. In this session you will learn what these terms

mean and why they are important rom a pricing andbudgeting standpoint.

Understanding Risk Indicators &Predictive Analysis

Many believe that identiying and monitoring predictiverisk indicators is a prerequisite to proactively managingoperational risk. But those who are amiliar with suchinormation know that legitimate risk indicators are ewand ar between. In this session you will learn how toidentiy and validate such indicators and how to transorm

raw and derivative indicators into metrics that supportthe eective management o operational risk.

Morning Break

Understanding Loss Data Issues

Historical loss data is the only objective source oinormation on operational risks, but internal lossdata appears insucient and external loss dataappears irrelevant. In this session you will learn

what sorts o loss data exist (internal, external public,external consortium), what are the advantages anddisadvantages o using the dierent types o data,how to establish a program or collecting internal lossdata, whether to acquire external loss data and whichvendors have the best products, what are the manyuses and misuses o historical loss data, how to scaleexternal loss data to the size o your organization andmany other valuable lessons.

Networking Luncheon

8:00

8:30

9:00

9:45

10:45

11:00

12:00

Value at Risk (VaR) Modeling

Value at risk can be calculated using an actapproach. This requires that loss data be “tteappropriate requency and severity distributionshow can this be achieved, when the data are su

to numerous biases? In particular all loss datcollected above a particular threshold level, makes it dicult to calculate parameters or modIn addition, external data must be adjusted orcontrols and data capture biases. In this sessiowill learn about some o the most advanced metor addressing the technical challenges in operarisk modeling including theoretically valid methocombine internal and external data.

VaR Calculation, Correlation & Insuranc

Monte Carlo simulation is a viable means o calcuoperational value at risk, but there are many theorand mechanical issues to consider. They incdependencies (correlation) and risk transer (insuraCorrelations may maniest themselves through requ(number o events), severity (size o loss) or the aggrlevel. Insurance can be used as part o a risk trastrategy and the impact o insurance can be calcuthrough the simulation process. In this session yolearn the latest techniques or VaR calculation.

Aternoon Break

Understanding Scenario Analysis &Management Applications

Scenario analysis can help organizations idmajor risks and avoid potential losses; it can alsomanagers develop contingency plans or major ethat threaten the organization’s viability. Lastly, it isto be overwhelmed by the huge amount o datafow out o an operational risk management proThese data must be transormed rom “noise” into

inormation to help managers make more edudecisions about their risk mitigation strategies bon cost-beet analysis. In this session you willthe practical uses o such inormation.

Daily SummaryConclusionsQuestion and Answer

Closing Comments and Adjourn Trainin

1:00

2:00

3:00

3:15

4:15

4:45




Operational Risk Training Seminar 2006 will be hosted at the Wyndham Washington D.C. Hotel. Alimited number o rooms have been reserved at the discounted rate o $179 per night. Please contactthe hotel to make reservations at (202) 429-1700 by March 2, 2006. Take advantage o the discountby asking or the Global Institute or Management conerence rate.

1400 M Street, NW | Washington, District o Columbia 20005

Sponsored by

Business News Americas is the leading source o business intelligence about Latin Ameand the Caribbean. Its high level o specialization and award-winning editorial style provibusiness executives and consultants with the most relevant inormation and businopportunities across 11 sectors in a timely and dependable manner. Business Ne

Americas (BNamericas) is in daily contact with the companies, governments and peothat generate the news, reporting the acts with unbiased precision and a sense o urgerequired to stay ahead.

The Global Institute or Management (GIM) is the preeminent provider o educational servspecically tailored to enable organizations to overcome the challenges that prevent achievement o optimal perormance. Through our conerences, expos and reseaproducts, organizational leaders learn rom a distinguished aculty o leading practitionand subject-matter experts.

OpRisk Advisory is the world’s leading operational risk management consulting rm. The provides the ull range o services to help its clients develop highly ecient, cost-eecoperational risk management programs that meet or exceed industry best practices

satisy the highest level o Basel II compliance. OpRisk Advisory is the only operational management consulting rm setting the standard or best practices in the industry. The has advised many o the world’s largest banks, insurance companies, energy compaand regulators on the ull range o operational risk measurement and management issLeveraging their vast experience, OpRisk Advisory’s expert consultants are able to shmany valuable lessons - lessons learned the hard way - about what works, what doesn’t wand how it all ts together.

Working out o ve oces in Europe, Asia, and North America, OpRisk Advisory is positioto support clients in every region o the world.

Tuition

Register beore February 17, 2006 and receive a $200 discount o the normal price o $1295.Special Group Rates

We provide special discounts to groups o two or more. For more inormation, please contact us at [email protected] orcall us at (213) 291 - 8655.Exhibition and Sponsorship Information

To nd out how your organization can exhibit at Operational Risk Training Seminar 2006, please contact us at (213) 291 - 8655.

Administrative Note: A ee o $195 will be charged or cancellations received less than three weeks prior to the date o the evPrior to three weeks beore the event a $50 ee will be assessed or any cancellation received. As speakers and conerence toare conrmed up to six months in advance, some speaker or topic changes may occur. The Global Institute or Management dnot assume responsibility or speaker or aculty changes, but will work to ensure that a comparable individual is ound to particip

in the program.

Presented by

Business News A m e r i c a s



Operational Risk Training SeminarDemystiying Key Issues & Concepts

A Comprehensive Two-Day Interactive WorkshopFacilitated by Ali Samad-Khan

March 30 - 31, 20Washington, D.C

Presented by

Global Institute or Management

13502 Whittier Boulevard, Suite H, PMB 201

Whittier, CA 90605

Registration Form for Operational Risk Training SeminarCall (213) 291-8655, fax this form (213) 291-1667, or visit www.GIManagement.com

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Op Risk Training Brochure