Kurum-İçi Eğitim Programları
B04. ACOR, Advanced Certificate in Operational Risk
| The Advanced Certificate in Operational Risk comprises two modules: |
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| Module 1 – Operational Risk: 1-hour, 50 question multiple-choice paper; |
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| Module 2 – Advanced Operational Risk: 3-hour, manuscript case study |
| based examination, choice of two case studies from three. |
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| MODUL 1- OPERATIONAL RISK |
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| SUMMARY SYLLABUS |
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| ELEMENT 1 RISK BASICS |
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| 1.1 Risk in the Financial Services Industry |
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| ELEMENT 2 CREDIT RISK |
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| 2.1 The Nature of Credit Risk |
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| 2.2 Measuring Credit Risk |
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| 2.3 Credit Risk Management and Reporting |
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| 2.4 Regulatory Requirements |
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| ELEMENT 3 MARKET RISK |
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| 3.1 The Nature of Market Risk |
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| 3.2 Measuring Market Risk |
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| 3.3 Value-at-Risk (VaR) |
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| 3.4 Market Risk Management and Reporting |
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| 3.5 Regulatory Requirements |
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| ELEMENT 4 THE NATURE OF OPERATIONAL RISK |
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| 4.1 Definition of Operational Risk |
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| 4.2 Culture |
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| 4.3 The Risk Management Process |
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| 4.4 The Policy for Managing Operational Risk |
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| 4.5 Risk Identification |
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| 4.6 Risk Measurement and Assessment |
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| 4.7 Risk Mitigation |
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| 4.8 Risk Monitoring and Reporting |
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| ELEMENT 5 THE CAUSES AND EFFECTS OF OPERATIONAL RISK |
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| 5.1 Operational Risk – The Causes |
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| 5.2 Operational Risk – The Effects |
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| 5.3 Understand the Results of Operational Risk |
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| ELEMENT 6 THE OPERATIONAL RISK CYCLE |
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| 6.1 Set-up |
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| 6.2 Execution |
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| 6.3 Pre-settlement phase |
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| 6.4 Settlement phase |
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| 6.5 Post-settlement phase |
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| ELEMENT 7 THE SUPPORT AND CONTROL FUNCTIONS |
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| 7.1 The Compliance Function |
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| 7.2 The Audit Function |
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| 7.3 The Legal Function |
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| 7.4 The Credit Function |
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| 7.5 The Financial Reporting Function |
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| 7.6 The IT Functions |
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| ELEMENT 8 INTEGRATED RISK MANAGEMENT (IRM) |
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| 8.1 The Nature of Integrated Risk Management (IRM) |
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| ELEMENT 9 ACHIEVING COMMON STANDARDS AND PROTECTION |
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| 9.1 The Development of Good Practice in achieving Common Standards and protection |
| 9.2 Market Developments |
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| 9.3 Regulatory Capital Requirements |
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The ACOR provides a post-IAQ™ career path for operations staff, IT and administration staff who wish to develop their managerial, professional and technical skills.This modular programme enables candidates to demonstrate a practical understanding of the operational risk
environment and is designed to reflect current issues.
Who should sit the ACOR?
This qualification is suitable for individuals operating in roles where an understanding of operational risk issues will be of benefit; such roles include both front and back office staff at supervisory and manager level.The certificate is also suitable
for operational risk professionals looking to undertake continuing professional development and consultants advising on operational and enterprise risk.
How do I gain the ACOR?
The ACOR comprises two modules:
Module 1:Operational Risk 2 day course
This is an IAQ™ technical paper and gives an understanding of operational risk as it relates to the operations, risk and IT areas.The syllabus covers:
> Risk basics
> Credit and market risk
> Nature of operational risk
> Cross functional nature of operational risk
> Integrated Risk Management (IRM)
> Achieving common standards and protection
You are exempt from this module if you have already passed it as part of the IAQ™.
Module 2: Advanced Operational Risk
2 day course
Allows individuals to demonstrate a practical understanding of the operational risk environment – to show how established approaches can be used in real work situations.
The syllabus covers:
> Understanding of firm wide processes, problems and risks
> Identification of risk types
> Risk Assessment Methodology
> Analysis of impact, likelihood, outcome and controls
> New business key risk issues
> Risk mitigation
> Business continuity
> Cost and benefit analysis
> The causes, events and effects of Operational Risk
Do I need any prior qualifications?
Before embarking on the ACOR, it is recommended that delegates have either:
> Completed the IAQ™
> Completed one of the SII Certificate in Investments
> Hold a qualification recognised by the SII as equivalent
> Have industry experience at a comparable level (the SII advises that candidates have at least 18 months industry experience before embarking on this qualification)
How does gaining the ACOR benefit me?
This Certificate provide operations staff with access to a qualification programme on a par with that available to their client facing colleagues.The examinations have the support of professional risk organisations and are developed in conjunction with senior practitioners drawn from the major operations sectors.This ensures the qualifications are topical,
relevant and tailored to reflect current market issues. Individuals passing the ACOR will qualify for Associate status with the SII. After
