Mastering Operational Risk – Theory and practice in a Single Package
Build your skills in the Operational Risk quickly with this Master Level Course. Unique benefit – 6-month Complimentary Access To a Modern Risk Tool.
Why Is This Course
Operational risk is perhaps the most significant risk organizations face. Virtually every major loss that has taken place during the past 30 years, from Enron, Worldcom and Baring’s Bank to the unauthorized trading incident at Société Générale and the subprime credit crisis, has been driven by operational failures.
Many financial institutions have spent millions of dollars trying to develop a robust framework for measuring and managing operational risk. Yet, in spite of this huge investment, for many firms developing a viable operational risk management (ORM) program remains an elusive goal.
This course comes with both theoretical and practical tools to help you out and speed up your learning curve in this challenging environment.
Who Is This Course For?
The course is designed for both aspiring and active Risk officers, VPs, MDs, heads of departments, CFOs, CRO, analysts, operational and risk management staff from financial services industry – banks, insurance companies, pension funds, consultancies, software vendors operating in these sectors.
It will be also a perfect fit for interim risk managers and consultants who want to get up to speed with a new or current risk assignment.
It will be also useful for a risk manager operating in a nonfinancial sector.
About This Course
This is a very practical Online version of the complete 2-Day $2000 ORM Course that I teach in front of Senior Managers. The course covers all the key concepts of operational risk management from Risk Assessment to Methodology, Risk Mitigation, Measuring and Managing Operational Risk.
The course material includes workshops and special bonuses available only for students of this course.
At the end of each module there is a quiz that will let you know if you understood the concepts presented.
To cover all material, basic exercises and quizzes, a student will need approximately between 10 to 15 hours.
By the end of the course you will have an understanding of the wide range of aspects of Operational Risk such as Methodology, Risk Mitigation, Measuring and Managing Operational Risk. It will also help you understand Risk Models, Legal Risk, Emerging Challenges, Operational Risk Systems and Software.
Upon successful completion of all quizzes and exercises you will get a Certificate of Completion from Global Risk Academy
UNIQUE BENEFIT – Very Practical and Important BONUS
a 6-month Complimentary access to RISKID, the Enterprise level innovative Collaborative Risk Management software.
Attention: This benefit is valid for the next 50 students only.
RISKID is a risk assessment tool for organizations and projects that allows full support in identifying, analyzing and assessing risks.
RISKID offers the possibility to monitor the risk analysis process and periodically make adjustments based on the latest developments and insights.
So you can start implementing your theoretical knowledge gained during your study of the course material in the practice, creating actual assessments, analyzing and monitoring your risks.
The clients include such large and diverse customers like Arcadis, ProRail, Erazmus University and more.
RISKID is very flexible. It can be configured to support various risk management standards, such as ISO 31000, RISMAN, COSO, INK-model, FMEA, HSSE, PRINCE2 or Solvency II.
You will also get the following additional Bonuses:
Bonus #1. Risk Self-Assessment Exercise
Bonus #2. Examples of KRIs or Key Risk Indicators for a Process
Bonus #3. From ORM Toolkit – Risk Inventory Template
Bonus #4. Crisis Management Plan
Bonus #5. Glossary of ORM terminology
Bonus #6. Operational Risk Management Plan Template – New Bonus!
Bonus #7. A practical example of LDA and capital under AMA –
Bonus #8. Management guide for fighting cyber predators –
– Explore how to create the best ORM framework that suits your organization
– Evaluate different risk measurements techniques
– Interpret the regulatory impact and requirements for risk management and capital
– Utilise and Incorporate new technology, soft issues
WHAT IS OPERATIONAL RISK?
Factors Influencing the Importance of Operational Risk
- Market consolidation and competition
- The complexity of IT systems
- Basel II and risk capital allocation pressures
- Risks posed by complex financial products
- ORM Life cycle
Identifying and Classifying Operational Risk Categories
Operational Risk components explained
Corporate Loss Database
Risk Self Assessments
Key Risk indicators
ANALYSING SPECIFIC RISKS
Workshop : Developing operational risk management framework
- Objectives of operational risk management
- Developing a risk awareness culture
- Developing operational risk management procedures
- Operational risk management techniques
- Self assessment
- Allocating operational risk costs
MEASURING OPERATIONAL RISK
Understanding the Risk Impact
- What is measured and how
- What not to measure
- The interpretation of information
- Capital allocation assumptions
- Capital adjustment policies
Exercise: Analysing a situation
- Identifying potential risks
- Identifying killer risks
- Identifying the cause of the risk situations
- Business continuity and recovery plan
MANAGING AND IMPLEMENTING THE OPERATIONAL RISK MANAGEMENT POLICY
- Building risk awareness culture
- Building consensus on risk allocation policies
- Building sense of responsibility for risk reduction
Your Satisfaction Is Guaranteed
Our goal is to help you become a better Leader so you can take your career to the next level. We want you to use this course as a resource for continued learning. If you take the course and are not satisfied with what you learned, contact us in the first 30 days and we will give you a full refund. Your satisfaction is guaranteed by our 100% money-back guarantee refund policy.
Founder at Global Risk Community, Global Risk Academy and creator of B2B Pioneers platform
More than 30 years of global experience in working with large & medium corporations in Europe, the Middle East and Asia Pacific across multiple sectors including Financial Services, IT, Consulting, Manufacturers and Distributors.
Speaker and panelist in the world’s leading professional events.
Specialties: Risk management systems, social networking for business consultancy, management reporting, policies and procedures, banking, corporate & Trust and hedge fund industry, consulting and coaching.
MY VISION: Good risk management should facilitate business growth by understanding the risks involved and managing them to acceptable levels, rather than seeking to prevent new initiatives.
MY MISSION: to help clients successfully increase revenue, manage risk and regulatory change, reduce costs and enhance control.