24 July 2019 Breakfast Briefing: Operational Risk, Alert Models & Culture - Exciting Jobs in an Underestimated Discipline - Dublin

About the event

In the first breakfast briefing in May we introduced the topic of operational risks and how to manage them to create shareholder value in capital markets. This time join us for an overview of the potential of alert models to mitigate operational risks in the external fraud space, while creating shareholder value. In addition, new findings in the human-touch area of culture in financial institutions and its implication for fraud severity will be highlighted and discussed.

The Professor will utilise both internal and external datasets to explain publicly known event types with an illustrative focus on mitigating elderly financial exploitation and eliciting the impact of culture on severity of fraud. The requisite modelling, evaluation and prediction techniques will be highlighted, which can be availed of to mitigate misconduct in financial institutions. Through use of cases and alert model analytics, attendees will be shown how to make sense of the vast and complex data sets that have emerged in field of operational risk management and banking.Managing these inevitable operational risks - they usually cannot be hedged in contrast to market or interest rate risk - is an exciting discipline within financial institution risk management.

This briefing is a prelude to our new Professional Diploma in Advanced Operational Risk Management in Financial Services offered jointly by Michael Smurfit Graduate Business School (UCD) and the Institute of Banking. Commencing in October 2019, this programme showcases extensive academic thinking and rigor as well as unique, real-world insights from our partners Bank of Ireland, Citi and Deloitte. If you would like more information on the programme you can fill out the online expression of interest form.

CPD Hours

CPD hours QFA, Registered Stockbroker, APA, Grandfather Professional Banker Chartered Banker Certified Bank Director LCOI CFCPP CDPO FCOI (C) FCOI (E) 
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Speaker - Prof. Cal Muckley

Cal is Full Professor of Operational Risk, Banking & Finance at the Michael Smurfit Graduate Business School and the Lochlann Quinn School of Business of University College Dublin (UCD) and a Fellow at the UCD Geary Institute. He is a Fulbright Scholar. He has had Visiting Scholar appointments at New York University Stern School of Business, Yale University, at Groningen and Tilburg Universities in the Netherlands and at the London School of Economics. He has lead teams of researchers, working on real world problems in finance, both in industry and in academia co-funded by Science Foundation Ireland, Enterprise Ireland and European Funding Agencies. His work has been reported in the financial press, including in the Wall Street Journal. His management duties include Academic Director of the MBA programmes at Michael Smurfit Graduate Business School, UCD. His work has been published in international scholarly journals including the Journal of Econometrics, the Energy Economics journal, and the Financial Review.



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