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This training program will define and discuss the bowtie risk assessment method used to analyze and establish causal relationships in high risk scenarios. Named after the shape of the diagram created, bowties provide an excellent visual representation of the potential causes and consequences of a risk scenario and help ensure that all relevant information is identified and properly assessed.
Why Should You Attend:
This webinar will explore how a bowtie diagram can produce a visual summary of all plausible threats that could exist around a vulnerability or risk event, and identify the possible consequences. It also serves to identify control measures and other mitigating strategies developed to reduce the risk of those scenarios to an acceptable level or deal with the consequences should one of the scenarios materialize. Once the control measures are identified, the bowtie method also highlights the ways in which control measures might fail.
Bowties can be used during scenario analysis workshops to capture the group’s consensus on probability of the various events that might cause harm to your organization given a certain scenario, and the impact of the identified potential consequences. They are also very helpful in the determination of root causes so that long-lasting solutions can be developed and implemented.
Areas Covered in the Webinar:
Who Will Benefit:
Physical CD-DVD of recorded session will be despatched after 72 hrs on completion of payment
Mario Mosse has over 40 years of experience in enterprise risk management, internal audit and regulatory compliance at financial services companies. He is the president of MMosse Consulting, LLC, where he provides risk management advice and training to the financial services industry. Previously, he was the head of Operational Risk Management at Prudential Financial, Inc. and with The Chase Manhattan Bank, where he held several senior positions in risk management and internal audit.