Operational Risk Management
Course Description
This comprehensive course in Operational Risk Management provides students with a thorough understanding of the principles, methodologies, and best practices associated with identifying, assessing, mitigating, and monitoring operational risks within an organization. Operational risk encompasses a wide range of potential disruptions, including people, processes, systems, and external events, making it a critical aspect of overall risk 176 management. This course is designed for risk managers, compliance officers, internal auditors, and other professionals seeking to enhance their skills in operational risk management. Students will leave with the knowledge and tools necessary to proactively manage and mitigate operational risks, contributing to the overall resilience and success of their financial service organisations
Course objective
The course will be guided by the following objectives:
- Develop a comprehensive understanding of what operational risk is, including its various sources and types.
- Learn how to identify and categorize operational risks specific to different industries and organizations.
- Develop skills in assessing and quantifying operational risks
- Understand relevant laws, regulations, and industry standards related to operational risk management
- Understand how operational risk management fits into the broader framework of enterprise risk management.
Expected learning outcomes
By the end of the course, every learner should be able to:
- Explain the concept of operational risk, and identify the various types of operational risks, including people, processes, systems, and external events.
- Explore quantitative and qualitative methods for measuring operational risk.
- Develop strategies for mitigating operational risks.
- Demonstrate the ability to monitor and report on operational risks.
- Understand the role of technology and data analytics in managing operational risk.