Operational and Integrated Risk Management
The Operational and Integrated Risk Management module is broken down into the following elements:
- Types of operational risk.
- Workflow in financial institutions.
- Insuring and hedging operational risk.
- Severity and frequency distributions for operational risk
- Aggregated distributions.
- Loss distributions.
- Aggregated loss distributions.
- Firm-wide risk measurement and management.
- Correlations across market, credit and operational risk.
- Differences between market and operational VaRs.
- Definition of risk capital.
- Allocation of risk capital across the firm.
- Basel II Accord.
- Evaluating the performance of risk management systems.
- Legal risk.
- Liquidity risk.
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