The risks events / incidents relating to both credit and operations have been taking place considerably in the Nepalese Banking Industry. The auction notices and operational risk related news, which are published virtually every day, substantiate the same.
Risk events relating to operational risks used to take place rarely in the past, which has however increased substantially in the recent years on account of increase in business, distribution outlets, products & services, staffs and dependency on technology. Due to increase in number of BFIs, competition has also increased immensely. BFIs have brought out various new and innovative products and services to cope with competition, meet the expectation of customers, diversify the risks and enhance income, which has also increased the operational risk.
Whilst BFIs use various tools for credit and operational risks management including formulation of policies, development of standard operating procedures, transferring of risks, and strengthening of various line of defenses, which however may not be sufficient unless employees are taught the tricks to identify the risks proactively, report the same to the concerned senior officials and have risks mitigants in place timely.
Having regards above, National Banking Institute has designed ‘One and Half Day’ Training on Credit & Operational Risk Management aiming to hone the skills of the related staffs of BFIs in identifying and analyzing various risks relating to the credit proposals / operational risks, having risk mitigants in place, administering the risk assets efficiently and exiting from the relationship timely before the risk assets turning into non-performing, guiding them for exercising ‘Risk & Control Self-Assessment’ process and creating awareness on the provisions on Banking Offense Act so that credit and operational risks could be mitigated / managed effectively.
