NCFM OPERATION RISK MANAGEMENT
Chapter 1 Introduction to Operations Risk
Risk & Uncertainty
The Financial Sector
Risk Types
Operations Risk
Operations Risk Management
Recruitment & Training
Work Flow Design
Work Flow Documentation
Delegation of Authority
Independent Internal Audit
Independent Compliance Function
Independent Risk Management Function
Systems Audit
Corporate Governance
Whistle Blower Policy
Risk Management Culture
Chapter 2 Trades in Secondary Market
Trade Intermediaries
Stock Broker
Trading Member (TM)
Clearing Member (CM)
Authorised Persons
Sub-brokers
Screen-Based Trading System
NEAT System
Corporate Manager
Branch Manager
Dealer
Order Management
Entering Orders
Modifying Orders
Cancelling Orders
Order Matching
Trade Management
Risk Management in Trades
Chapter 3 Clearing & Settlement of Trades
Transaction Cycle
Clearing
Settlement
Pay-in of Funds and Securities
Pay-out of Funds and Securities
Settlement Risks
Counter-Party Risk
System Risk
Risk Management
Investor Protection
Chapter 4 Workflow Design
Front Office, Middle Office & Back Office
Risk Events
Chapter 5 BASEL Overview
Bank for International Settlements (BIS)
Basel Accords
Basel I
Basel II
BASEL III
Detailed Loss Event Type Classification
Chapter 6 Basel II: Operational Risk
The Three Methods
Basic Indicater Approach
The Standardised Approach
Advanced Measurement Approaches
Mix of Three Methods
SIGOR (June 2011)
Risk Appetite & Risk Tolerance
ORMF & ORMS: Verification & Validation
Embeddedness
Operational Risk Data
Gross Loss & Net Loss
Dates
Distributions
Chapter 7 Basel: Operational Risk Principles
Background
The Principles
Chapter 8 Basel: Audit
External Audit
Audit Committee
Internal Audit