Objectives On completion of this tutorial, you will be able to:

• Identify the main tools and techniques used by banks at each stage of the operational risk management cycle - identify, assess, manage, and monitor
• Recognize the role of other tools and techniques such as business continuity planning (BCP) and insurance in operational risk management

Tutorial Overview Historically, there was no real concept of operational risk or operational risk management. But as banks became larger and more complex, and the size and nature of their operational risk exposures changed, more sophisticated tools and techniques emerged for assessing and managing operational risk. This tutorial looks in detail at those tools and techniques. Prerequisite Knowledge Operational Risk - Measurement & Reporting Tutorial Level: Intermediate Tutorial Duration: 60 minutes