Tutotial Topic 2
RSK4801
DEPARTMENT OF FINANCE, RISK MANAGEMENT AND BANKING
OPERATIONAL RISK MANAGEMENT RSK4801
Topic 2: The Principles and framework for Operational Risk Management
UNISA
PO BOX 393, UNISA, 0003
Copyright © UNISA 2011
In terms of the Copyright Act 98 of 1978 no part of this material may be reproduced be stored in a retrieval system, be transmitted or used in any form or be published, redistributed or screened by any means (electronic, mechanical, photocopying, recording or otherwise) without the prior written permission of UNISA. However, permission to use in these ways any material in this work that is derived from other sources must be obtained from the original sources.
Printed in South Africa by UNISA
RSK4801/1/2012 - 2015
98363573
TOPIC 2: THE PRINCIPLES AND FRAMEWORK OF OPERATIONAL RISK MANAGEMENT AIM The aim of this topic is to discuss the theoretical basis of the operational risk management framework.
LEARNING OUTCOMES At the end of this topic, the student will be able to: critically evaluate and discuss the role of the board of directors and its sub-committees with regard to risk management in a regulatory and corporate governance context; identify and assess risks, evaluate the adequacy of controls and evaluate the roles and responsibilities of the different role-players in the risk and control assessment process; distinguish between event types; describe data attributes to record complete, relevant and accurate data to assist in the analysis of events and discuss the use of events to manage operational risk; distinguish between risk and performance indicators and key risk indicators, discuss the requirements and characteristics of risk indicators and the uses of risk indicators; and discuss the principles to develop reliable and relevant operational risk management reports and critically evaluate an operational risk management report with respect to relevance to different user groups.
TOPIC CONTENT Study Unit 3:
DEPARTMENT OF FINANCE, RISK MANAGEMENT AND BANKING
OPERATIONAL RISK MANAGEMENT RSK4801
Topic 2: The Principles and framework for Operational Risk Management
UNISA
PO BOX 393, UNISA, 0003
Copyright © UNISA 2011
In terms of the Copyright Act 98 of 1978 no part of this material may be reproduced be stored in a retrieval system, be transmitted or used in any form or be published, redistributed or screened by any means (electronic, mechanical, photocopying, recording or otherwise) without the prior written permission of UNISA. However, permission to use in these ways any material in this work that is derived from other sources must be obtained from the original sources.
Printed in South Africa by UNISA
RSK4801/1/2012 - 2015
98363573
TOPIC 2: THE PRINCIPLES AND FRAMEWORK OF OPERATIONAL RISK MANAGEMENT AIM The aim of this topic is to discuss the theoretical basis of the operational risk management framework.
LEARNING OUTCOMES At the end of this topic, the student will be able to: critically evaluate and discuss the role of the board of directors and its sub-committees with regard to risk management in a regulatory and corporate governance context; identify and assess risks, evaluate the adequacy of controls and evaluate the roles and responsibilities of the different role-players in the risk and control assessment process; distinguish between event types; describe data attributes to record complete, relevant and accurate data to assist in the analysis of events and discuss the use of events to manage operational risk; distinguish between risk and performance indicators and key risk indicators, discuss the requirements and characteristics of risk indicators and the uses of risk indicators; and discuss the principles to develop reliable and relevant operational risk management reports and critically evaluate an operational risk management report with respect to relevance to different user groups.
TOPIC CONTENT Study Unit 3: