Modelling of operational risk capital and insuranceView Agenda
Key reasons to attend
Stay up to date with the latest regulatory guidelines
Explore the integration of insurance in operational risk management
Gain practical skills in risk and insurance optimisation using Microsoft Excel
Does your team require a tailored learning solution on this or any other topic?
Working with the portfolio of expert tutors and Risk.net’s editorial team, we can develop and deliver a customised learning to make the most impact for your team, from initial assessment to final review.
About the course
Gain comprehensive insights into the modelling of operational risk capital and insurance with this interactive learning experience.
Guided by subject matter experts, this course delves into the evolution of operational risk models, emphasising the regulatory framework with a focus on the new standardised measurement approach (SMA) and advanced measurement approach (AMA). Participants will explore advanced data analysis techniques essential for understanding and managing these risks.
The course also explores the role of insurance, discussing its function from loss mitigation angles to the technicalities of risk transfer. A standout feature is the hands-on Microsoft Excel demonstration, equipping attendees with practical tools to apply concepts in their professional environments.
This course ensures a solid understanding of the theoretical underpinnings and tangible skills necessary for effective risk management.
Flexible pricing options:
Early-bird rate: book in advance and save $200
3-for-2 group rate: book three delegates for the price of two and save more than $2,000
Season tickets: book a team of 10 or more and save up to 50%
Analyse data for internal loss data (ILD) and external loss data (ELD)
Employ Monte Carlo simulations in risk modelling
Aggregate losses and understand units of measurement
Leverage insurance for loss mitigation and capital deduction
Map insurable risks to Basel event types
Optimise insurance strategies through various modelling parameters
Who should attend
Relevant departments may include but are not limited to:
Operational risk departments
November 27–28, 2023
Regulatory guidelines for operational risk capital modelling
Loss data and scenario analysis
Aggregation of losses and UoMs
Insurance in operational risk
Risk transfer mechanics and simulations
Ruben D Cohen
Specialist in Modelling of operational risk capital and insurance
Howden Group Holdings
Ruben Cohen is a seasoned professional with over two decades of expertise in the financial industry, currently leading operational risk analytics and reinsurance solutions at Howden Group Holdings. He spent a significant portion of the past decade in operational risk analytics at Citi and in model risk at BAML.
Before transitioning to finance, Ruben dedicated a decade to academia as a faculty member in Mechanical Engineering & Materials Science at Rice University, Houston, where he specialised in Fluid Mechanics and Thermodynamics. He holds a Ph.D. in Mechanical Engineering from M.I.T, and further enriched his academic repertoire with an M.A. in Economics from McGill University.
Based in London, Ruben is a prolific author with over 50 publications spanning engineering, physics, economics, and finance.
Eelco van Dijk
Former Senior Operational Risk Analyst Capital Management
Eelco van Dijk has had a significant career in the financial sector, notably at ING Bank where started working in 2008. At ING he worked in the modelling and scenario team of group operational risk. He handled the complexities of internal loss events, including data quality and completeness.
Before ING, Eelco spent nearly 20 years at ABN AMRO in various risk roles.
He also previously held a position on the Risk Committee of the Dutch VBA CFA chapter.
Eelco currently volunteers at Hendrick de Keyser, showcasing his commitment to both professional and community endeavours.
The Risk.net resources below have been selected to enhance your learning experience:
Machine learning for categorization of operational risk events using textual description - Read article
The information value of past losses in operational risk - Read article
Measuring tail operational risk in univariate and multivariate models with extreme losses - Read article
A Risk.net subscription will provide you access to these articles. Alternatively, register for free to read two news articles a month.