Course Overview
This modular course uses interactive, computer–based instruction to introduce:
- Risk drivers and the types and patterns of operational risk.
- A risk management framework.
- The main policies and processes for managing operational risk.
- Data measurement and capital estimation.
- Tools such as KRIs, RCSAs, and external databases.
- The national and international regulatory regimes.
The above topics are covered using a combination of case studies and presentations. Questions at the end of each module are designed to test user understanding. The course fee allows the user to use the course for 30 days.
This course is available to individuals and small institutions electronically. For larger institutions, it's also available for use on company intranets in a more customized form, reflecting a firm’s own policies, logo, and look and feel. The customized version can have an interface to allow an HR department to monitor training status automatically.
Who will benefit?
This course is designed for any individual or small institution interested in an introduction to or an overview of operational risk management. The customizable version is suitable for any larger institution that needs to provide an operational risk overview or introduction to many staff members.
Course Outline
1. What is Operational Risk?
A. Outcomes:
a) Define operational risk and understand it relative to other risk types
b) Identify broad categories of operational risk
c) Analyze several operational risk incident case studies
2. Regulatory Framework
A. Outcomes:
a) Describe the operational risk regulatory landscape
b) Outline the operational risk regulatory framework
c) Understand sound practices as defined by international regulators
3. Operational Risk Management
A. Outcomes:
a) Describe components of the risk management process
b) Understand the drivers behind the growing imperative to manage operational risk
c) Comprehend typical roles of and interactions between business units, internal
audit, and operational risk management
d) Define some of the key terms used in the management of operational risk
B. Material Covers:
a) Operational Risk Management Drives
b) Operational Risk Management Considerations
c) Operational Risk Management Core Principles
4. Operational Risk tools
A. Outcomes:
a) Outline the scope of each operational risk tool and how it operates
b) Compare and contrast the attributes of each tool
c) Outline the benefits and challenges of each tool
B. Material Covers:
a) Tools include Risk and Control Self-Assessments
b) Key Risk Indicator Program Report Tools
c) Event Reporting Tools
d) Risk Management Reporting
e) Operational Risk Capital
Click the "Add to Cart" button below to gain 30-day access to this course.
Please allow one business day to receive access information via e-mail.