Recruitment of a firm for training on the theme: mastering operational risks within a development bank.

This tender seeks to recruit a consulting firm to provide specialized training on the critical subject of mastering operational risks within the context of a development bank. Operational risks encompass potential losses resulting from inadequate or failed internal processes, people, and systems, or from external events. For a financial institution like a development bank, effectively managing these risks is paramount to ensuring financial stability, operational efficiency, and the achievement of its development mandate. The training program will likely cover risk identification, assessment, mitigation, monitoring, and reporting. It aims to equip bank staff with the knowledge and tools necessary to proactively manage operational risks, thereby safeguarding assets, maintaining service quality, and complying with regulatory requirements. The selected firm will be responsible for designing and delivering this training, tailored to the specific environment and needs of a development bank. This initiative underscores the importance BOAD places on robust risk management frameworks.