Securities Institute tackles 'operational risk'

The Advanced Certificate in Operational Risk builds on an existing module contained in the Investment Administration Qualification (IAQ), and has been developed following consulation with, primarily, those involved in back office administration. Despite the origins, the SI says the qualification should help plug knowledge gaps of front office staff, and could help those running businesses as IFAs. For example, understanding operational risk also includes issues such as reputational risk, and fits with the FSA’s emphasis on firms developing risk-awareness culture, the SI says. The e...