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KFH: Training courses in Operational Risk Management for branches’ employees

: Wednesday, November 27 - 2013 @ 12:18

Kuwait Finance House (KFH) has organized 10 training courses (120 training hours) over the past year about operational risk management for 149 employees working at branches. This comes as part of their training and development to boost their performance in compliance with the regulations of supervisory authorities.

Operative Risk Executive Manager Moataz Al-Qasabi said that branch employees are the bank’s first line of defence against operative risks, since handling this important issue with the care it deserves, leads to achieving safe performance for the employee and the client. He added that this cements the bank’s status and credit standard.

It is worth noting has been holding an ongoing training course for employees for the past seven months, in order to raise their awareness regarding the regulations and best practices related to operational risks, including Basel II agreement.

Al-Qasabi asserted that such courses underline KFH’s keenness to develop the skills of its employees, and to update them regarding any developments in this field, in order to raise their awareness concerning the negative impact of operational losses on the bank’s whole business; especially that this department has become one of the most important departments in all banks worldwide.

Training courses include all KFH employees, since it is very important for the bank to protect its interest, as well as the interest of its clients at the same time.

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Wednesday, November 27- 2013 @ 12:18 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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