Express an interest

If you are interested & require further information, we will email you a copy of the programme brochure.

An error has occurred

Data Protection Notice

About this data protection notice

This is a statement of the practices of The Institute of Bankers in Ireland, 1 North Wall Quay, North Dock, Dublin 1 (trading as IOB) (‘the Institute’, ‘we’, ‘us’, ‘our’) in connection with the capture of personal data on this webform and the steps taken by the Institute to respect your privacy.

The Institute is a Data Controller and is committed to protecting your rights and any personal information which you provide to the Institute will be treated with the highest standards of security and confidentiality, in accordance with Irish and European Data Protection legislation.

The privacy notice explains the following:
  • What information do we collect about you?
  • The purpose for collecting your personal data
  • The legal bases for collecting your personal data
  • Are you required to provide the information?
  • How we store and secure personal data?
  • Details of third parties with whom we share personal data
  • What are your rights?
What information do we collect about you?

The data we collect from you will be used by the Institute only in accordance with the purposes outlined in this privacy notice. We will collect your data via webform on www.iob.ie.

The data collected in this webform will be shared with the following areas of the Institute:

  • Programme Management Department
  • Marketing Department
  • Lifelong Learning Department
The purpose for collecting your data

The data we collect about you will be used for:

  • providing information on the programme(s) for which you have completed an expression of interest webform;
  • notifying you of promotional events related to this designation(s) or programme(s) e.g. Programme Taster Lectures, IOB Open Evening; and
  • advising you of upcoming application and registration closing dates for this designation(s) or programme(s)
The legal basis for collecting your data

For the purposes outlined in this privacy notice your personal data will be processed on the basis of Explicit Consent.

By submitting this webform, you confirm that you are providing your informed consent to the processing of your data as outlined here.

Are you required to provide the information?

We require you to complete the mandatory fields identified in this webform for the purposes outlined above. If you do not provide us with the information required in these fields, we may be unable to process this Expression of Interest form.

How we store and secure your data

Any data we collect from you will be stored confidentially and securely. The Institute is committed to ensuring all accesses to, uses of, and processing of Institute data is performed in a secure manner.

In keeping with the data protection principles, we will only store your data for as long as is necessary to provide our services to you and for such a period of time after this as is necessary to comply with our obligations under applicable law and, if relevant, to deal with any claim or dispute that may arise in connection with our relationship with you.

For the purposes described here we will store your data for one calendar year from the date you submit the webform. Before the end of this calendar year, we may contact you to ask if you wish to re-confirm your consent to the storing and processing of your data for the purposes outlined above.

When we store your personal data on our systems the data will be stored on the Institute’s secure I.T. platforms within the EEA which are also subject to European data protection requirements.

Details of third parties with whom we share personal data

The Institute will share your data with third parties where necessary for purposes of the processing outlined here.

We will share your information with our service providers (e.g. printers, I.T. support, auditors, legal advisors, and other professional advisors).

We may also disclose your information where required by law to do so.

Your information will not be shared with any other third parties.

When we share your data with the third parties outlined here the Institute will ensure that the data is only processed according to our specific instructions and that the same standards of confidentiality and security are maintained. Once the processing of the data is complete any third parties with whom data was shared will be required to return the data to the Institute save where they are required to retain it by law.

What are your rights?

You have the following rights, in certain circumstances and subject to applicable exemptions:

  • You are entitled to ask for a copy of the personal data, which IOB holds about you.
  • The right to have any inaccuracies in your personal data amended.
  • The right to object to the processing of your personal data.
  • The right to have the personal data that we hold about you erased.
  • The right to restrict the processing of your personal data.
  • The right to receive your personal data, which you provided to us, in a structured, commonly used and machine-readable format or to require us to transmit that data to another controller.
  • You have the right to withdraw your consent at any time.
Contact

If you have any queries relating to the processing of your personal data for the purposes outlined above or you wish to make a request in relation to your rights, you can contact the Institute’s Data Protection Officer using the contact details below.

If you are unhappy with the way in which your personal data has been processed, you may in the first instance contact the Institute’s Data Protection Officer using the contact details below.

IOB has a Data Protection Officer who can be contacted through [email protected] or by writing to:

The Data Protection Officer, IOB, IFSC, 1 North Wall Quay, Dublin 1.

If you remain dissatisfied then you have the right to apply directly to the Data Protection Commission for a decision. The Data Protection Commission can be contacted at:

Data Protection Commission
Canal House
Station Road
Portarlington
R32 AP23 Co. Laois
www.dataprotection.ie

The Institute of Bankers in Ireland (a company limited by guarantee) trading as IOB

Registered Number: 197171
Registered Charitable Organisation
Charity Registration Number: 20026950
CHY Number: 10530

P: +353 (0)1 6116500
F: +353 (0)1 6116565
E: [email protected]

Privacy Statement
Terms and conditions

 

Before you continue...

As you are not registered with us, you will need to upload proof you can enrol to this programme.

I know, let’s sign upI have an account, let me sign in first
 
Risk Management
Professional Diploma

Advanced Operational Risk Management in Financial Services

Apply now
Express an interest
  • Duration
  • Varies
  • Programme
  • 3 modules
  • Study
  • Online
  • Fees
  • €4,785
  • Level
  • NFQ 9, 30 ECTS

    • At a glance

    Developed in conjunction with UCD College of Business the Professional Diploma in Advanced Operational Risk Management in Financial Services showcases extensive academic thinking and rigor as well as unique, real-world insights from our partners Bank of Ireland, Citi and Deloitte.

    Awarding Body

    University College Dublin

    Who is it for?

    • The Professional Diploma in Advanced Operational Risk Management in Financial Services has been designed in conjunction with operational risk management professionals, working in financial services and leading academics in operational risk management.

    • It will equip participants with a deep, practical understanding of operational risk management frameworks and measurement methodologies in financial institutions. This qualification is the benchmark operational risk qualification recognised in the Irish financial services industry sectors of the financial services industry.

    Download brochure

    PRMIA

    PRMIA Partnership - Global Associate PRM (aPRM)

    We are delighted to expand our partnership with PRMIA to our Level 9 Risk offerings.

    PRMIA is a global brand in risk management education with more than 50,000 members worldwide. Over 2,400 companies employ PRMIA designates, demonstrating that employers around the world realise that PRMIA’s education programmes equip participants with the specialised knowledge and skills necessary to succeed in the dynamic banking industry. PRMIA is active in nearly every major financial centre worldwide with members in over 65 countries.

    ‘’The Professional Risk Managers' International Association (PRMIA) is proud to announce its continuing partnership with the IOB. PRMIA are already partnered with IOB on their level 8 Professional Certificate in Conduct Risk Culture and Operational Risk Management. Those that earn this Professional Certificate at level 8 also receive the PRMIA Operational Risk Management Certificate, allowing a global PRMIA Certificate to be added to this already outstanding IOB offering. Additionally, in relation to our Associate PRM (aPRM), another PRMIA global Certificate, we are delighted to extend this partnership to IOB's postgraduate offerings, specifically the Professional Diploma in Advanced Banking Risk Management and Professional Diploma in Advanced Operational Risk Management in Financial Services programmes.’’

    Justin C McCarthy, CEO, PRMIA

    How you will benefit

    This specialist programme will provide you with;

    • A deep and practical understanding of the requirements and responsibilities of operational risk management

    • Global best practice tools for the identification, assessment, measurement and management of operational risks

    • Insights into latest academic thinking in areas such AI applications to operational risk management and emerging machine learning models

    • A thorough understanding of the key practical and relevant operational risks facing financial services professionals in Ireland today including inter alia: financial crime prevention/AML/CFT, KYC, external and internal fraud, information security, IT resilience, cybercrime, outsourcing, business continuity planning, data quality, data protection, impact on capital and other practical areas

    • Knowledge and skills to capture, report and investigate operational risk events, how to produce meaningful risk MI including Key Risk Indicator (KRI) data and trend analysis, and how to implement operational risk appetite

    • Tools to identify, measure and mitigate risks and thereby improve business performance

    • Enhanced business judgement, critical analysis and problem-solving skills.

    Continuous Professional Development

    If you hold an IOB designation or a designation managed by IOB, CPD hours may be awarded on successful completion of this programme.

    Duration & delivery

    • Delivery is online.

    • Each 10 ECTS module comprises of up to 30 delivery hours per trimester (i.e. up to 10 evenings).

    Award

    • Professional Diploma in Advanced Operational Risk Management in Financial Services from UCD.

    • This is a level 9 qualification on the National Framework of Qualifications and carries 30 ECTS.

    PRMIA and their Associate Professional Risk Manager (aPRM) global certificate

    Graduates can then apply directly to PRMIA to be awarded the globally recognised PRMIA Associate Professional Risk Manager (aPRM) global certificate. Completing this programme will allow you to stand out among your peers, providing you with a competitive advantage with colleagues, clients, and prospective employers by developing the necessary skills and experience needed to succeed in today’s dynamic work environment.

    Assessment

    • Assessment is a combination of continuous assessment and end of trimester exams. 

    Fees

    • 01. Risk Governance, Culture, Business and Enterprise Risk Management (10 ECTS) €1,595

    • 02. Operational Risk, Capital Markets and AI (10 ECTS) €1,595

    • 03. Strategic Operational Conduct and Reputational Risk Management (10 ECTS) €1,595

    Next intake

    Spring Trimester

    Closing date

    26 January 2024

    Contact

    Modules and learning outcomes

    Risk Governance, Culture, Business and Enterprise Risk Management

    (NFQ level 9, 10 ECTS)

    At the end of this module, you will be able to:

    • Discuss the theory and practice of enterprise risk management in the financial services sector

    • Describe and explain the theories of corporate governance and their evolution

    • Develop and propose to senior management an appropriate risk appetite framework for implementation in a financial services provider. Justify your proposal(s)

    • Evaluate selected international corporate governance models

    • Critically assess the cultural, leadership and behavioural aspects of corporate governance and the challenges facing boards in embedding a strong risk culture into financial service providers’ risk management, policies and processes

    • Develop the skills to independently identify, monitor and research resources on advances in ERM and corporate governance best practice.

    Operational Risk, Capital Markets and AI

    (NFQ level 9, 10 ECTS)

    At the end of this module, you will be able to:

    Demonstrate what an AI informed alert model is and how one can deploy it to better mitigate fraud and misconduct

    Critically evaluate AI algorithms, whether proprietorial or not, to elicit information from data to counter financial regulatory risk

    Discuss critically the interaction between the capital markets and instances of misconduct in financial services

    Critically appraise the role of organisational culture in determining misconduct in financial services

    Critically evaluate ethical consequences of the use of AI in financial services.

    Strategic Operational Conduct and Reputational Risk Management

    (NFQ level 9, 10 ECTS)

    At the end of this module, you will be able to:

    Explain the best practice principles of non-financial risk management, covering Operational, Strategic, Reputational and Conduct Risks

    Outline to senior management and staff colleagues the bespoke frameworks for the management of key risks within the operational risk family, (to include Business Continuity, IT and Cyber Risk, Fraud, Data Aggregation, Outsourcing, AML) advising them of the rationale for the key differences between each risk framework

    Adapt the principles from current best practice in non-financial risk management and develop appropriate strategies for the management of emerging risks (such as those arising from Climate and Fintech)

    Apply an operational risk methodology to identify, appraise, and mitigate operational risks in a financial services provider’s business model

    Advise senior management on the relationship between operational risks, regulatory capital and risk-based pricing in banking and the wider financial services sector and the rational for, and application of, operational risk capital calculation methodologies

    Demonstrate the learning skills to support continuous self-directed personal and professional development.

    Key dates

    Level 9 key dates 2023/2024

    Examination schedule 2023/2024

    Next intake

    Spring Trimester

    Closing date

    26 January 2024

    MSc Pathway

    This programme is included in the Pathway to the MSc in Financial Services

    Requirements

    Students seeking admission to the MSc Pathway or its constituent programmes must possess:

    • An Honours degree (second class honours grade 2 award or higher)

    or

    • Admission many also be considered for experienced professionals who do not meet the admission requirements as set out above, where they can demonstrate knowledge through their work i.e. they have more than 5 years’ experience in a management role (to be considered on a case by case basis).

    Professional body membership

    You must be a current member of IOB, or become a member, to undertake this programme.

    Member Testimonial

    "It's given me confidence to go on and apply for roles within my organisation"

    Paddy Dandy

    Aisling Dodgson
    Member Testimonial

    IOB courses provide meaningful credentials that demonstrate ongoing dedication to professional development. The courses, learning site, materials, lecturers and fellow participants allow you to build your support structure and extend your network.

    Aisling Dodgson

    Sean Healy
    Member Testimonial

    I have been a member of the IOB for many years…I recommend that every person working in the financial services industry in Ireland should join IOB as it will help you to grow and develop your career in banking.

    Sean Healy

    Celebrating 125 years of learning

    1898 | 2023

    IOB was founded in 1898 by a small group of financial services professionals. Today we are Ireland's largest professional membership community.

    Join IOB today

    Registered Number: 197171

    Registered Charitable Organisation Charity Registration Number: 20026950 CHY Number: 10530

    The Institute of Bankers in Ireland (a company limited by guarantee) trading as IOB

    Discover

    Learn

    Contact

    1 North Wall Quay

    Dublin 1

    D01 T8Y1

    Ireland

    Chat: Orange circle bottom right of website (Support hours 9am to 5pm)

    Email: [email protected]

    Phone: +353 (0)1 6116500 (Support hours 10am to 2pm)

    Fax: +353 (0)1 6116565

    Copyright © 2023