Modelling of operational risk capital and insurance

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:

1. Early-bird rate: book in advance and save $200 

2. 3-for-2 group rate: book three delegates for the price of two and save more than $2,000 

3. Season tickets: book a team of 10 or more and save up to 50%

Tutors

Ruben D Cohen

Specialist in Modelling of operational risk capital and insurance

Howden Group Holdings

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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

ING

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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.

 

Pre-reading materials

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.