Operational Risk Management

ITEM RISK0442

Self Paced Course

Available Now
Online

$390.00

Online (Self-paced)

22 Hours

English

Professional

Virtual Series Course

Available Now
Virtual (Part-Time)

$390.00

Online (Self-paced)

22 Hours

English

Professional

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Operational Risk Management

This online course is being updated. In the interim, we recommend the following:

Risk Management Concepts

Module & Topics Covered

What you'll learn

Who This Program Is for

Duration : 1 hour

Significance of operational risk
Operational risk management programs
Addressing operational risk
Measuring and modeling operational risk

Duration : 1 hour

Loss events
Risk factors, loss types and event/ factor controllability
Dependencies between risk factors and events
Attribution of loss

Duration : 1.5 hours

Rationale for an operational risk charge
Basic indicator approach
Standardized approach
Advanced measurement approach
Analysis of quantitative impact survey result
Role of Pillars 2 and 3

Duration : 1 hour

Spectrum of risks in banking sector
Risk synergy in the context of retail banks
Structural risk management
Accounting policies, costing and pricing models
Operational risk in private banking sector

Duration : 1 hour

Risks exclusive to insurance
Regulatory issues and its impact
Alternative risk transfer and finite risk
Captive insurance companies

Duration : 1.5 hours

Risk management agenda and targets
Risk management organization and policies
Benchmarking internal processes and resources
Identifying process and resource risks
Identifying risk factors
Identifying and categorizing loss events

Duration : 1 hour

General measurement techniques
Historical analysis
Subjective risk assessment

Duration : 1 hour

Probability distributions
Building a distribution
Estimating risk factors
Choosing an event distribution
Operational Risk database

Duration : 1 hour

Risks aggregation
Monte Carlo loss simulation
Risk management alternatives
Analyzing loss events
Analyzing risky processes and resources
Analyzing risk factors

Duration : 1 hour

Loss prediction
Loss prevention
Process reengineering and work restructuring
Product redesign and automation
Human factors engineering
ERP and reliability maintenance

Duration : 1 hour

Diagnostic controls and Inventory management
Redundant systems and boundary systems
Computer security and physical security management
Internal and external audit

Duration : 1 hour

Legal risk reduction and loss isolation
Contingency planning
Redundant systems and boundary systems
Crisis management
Risk avoidance
Quality management phases
Organizational design, culture and relationship management

Duration : 1 hour

Financial restructuring
AssetLiability Management
Corporate diversification
Insurance
SelfInsurance
Hedging using derivatives
Contractual risk transfer

Duration : 1 hour

ORM cycle
Framework criteria and assumptions
Current framework approaches
Measurement process for ORM
Delta and EVT methodologies

Duration : 1 hour

Learning and response loops
Guidelines for effective reporting
Event reports and Operational profiles
Risk reports
Evaluating and updating the risk model
Implementing bankwide ORM

Duration : 1 hour

Enterprisewide risk information systems
Challenges to ERM
Project Management for an ERM system

Duration : 1 hour

Topdown risk models
Bottomup risk models
Selecting a risk model
Causal models

Duration : 1 hour

Issues in contract enforcement
Board of directors and shareholder activism
Management responsibility for legal risk
Transparency

Duration : 1 hour

Security risks in ebanking operations
Systems design, implementation, and maintenance flaws
Customer misuse of products and service

Duration : 1 hour

Operational risk software
Some of the software in the market
Case study Barings, this module gives an insight into what lead to the collapse of Barings.