Operational Risk Management: From Basic Concepts to Advanced Strategies

Inspired by: ONB & FMA'S Guidelines on Operational Risk Management

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Operational Risk Management: From Basic Concepts to Advanced Strategies

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Operational Risk Management Overview:

Operational Risk Management (ORM) is a crucial element in the broader context of enterprise risk management. This comprehensive risk management course delves into the critical aspects of managing and mitigating operational risks in project management. Our ORM training serves as an operational risk management basic course, offering both foundational and advanced risk management knowledge. Professionals can look forward to acquiring risk planning skills, understanding the risk management plan project management requires, and learning about compliance and risk management. Our certification in compliance and risk management ensures that participants are equipped with the knowledge and skills necessary to tackle modern-day challenges and complexities in risk management.

Target Audience:

Risk Management Professionals
Compliance Officers
Project Managers
Auditors
Anyone looking to acquire a certification in compliance and risk management

Targeted Organizational Departments:

Risk Management
Compliance
Operations
Audit
Project Management

Targeted Industries:

Banking and Finance
Manufacturing
Information Technology
Healthcare
Construction

Course Offerings:

Comprehensive understanding of enterprise risk management
Skills in risk planning in project management
Knowledge of compliance and risk management
Certification in compliance and risk management
Training in risk assessment and management

Training Methodology:

This operational risk management training will employ various methodologies, ranging from interactive sessions to case studies and group work. There will also be training risk assessment sessions where participants will learn how to identify and assess potential risks in their operations. We will also provide feedback sessions where learners can gauge their understanding of the operational risks in project management. This comprehensive approach ensures that learners gain hands-on experience in managing risks.

Course Toolbox:

Participants will receive:

Comprehensive workbooks
Checklists for risk assessment
Templates for risk management planning
Software tools for operational risk management
Access to online resources and reading materials

Course Agenda:

Day 1: Introduction and Fundamentals of Operational Risk Management

Topic 1: Causes and Definition of Operational Risk
Topic 2: Characteristics and Importance of Operational Risk
Topic 3: Introduction to Operational Risk Management Methods
Topic 4: Organizational Framework Conditions for Operational Risk Management
Reflection and Review

Day 2: Risk Identification, Assessment, and Treatment

Topic 5: Step-by-step Introduction of Operational Risk Management
Topic 6: Operational Risk Management as a Cycle
Topic 7: Risk Identification and Assessment
Topic 8: Risk Treatment Approaches
Reflection and Review

Day 3: Risk Control and Management across Organizations

Topic 9: Risk Control Mechanisms
Topic 10: Role of Communication and Information in Risk Reporting
Topic 11: Company-wide Risk Management
Topic 12: Operational Risk Management in Smaller Banks and Securities Firms
Reflection and Review

Day 4: Specific Measures and Methods of Operational Risk Management

Topic 13: Systems: Infrastructure and Information Technology
Topic 14: Managing Risks in Business Processes
Topic 15: Staff and External Events: Risks and Measures
Topic 16: Understanding and Managing Legal Risk
Reflection and Review

Day 5: Capital Standards and Regulatory Requirements

Topic 17: Basel II: Requirements and Capital Standards in Different Approaches
Topic 18: Basic Indicator Approach and Standardized Approach
Topic 19: Advanced Measurement Approaches
Topic 20: Capital Requirements for Covering Operational Risk of Investment Firms
Reflection and Review

How This Course is Different from Other Operational Risk Management Courses:

Our course offers a unique blend of theoretical knowledge and practical skills. It does not just provide a basic understanding; instead, it takes learners through the advanced risk management concepts. The certification in compliance and risk management offered adds credibility and enhances the professional stature of the learners. The emphasis on hands-on learning through case studies, group work, and feedback sessions further sets this course apart.

credits: 5 credit per day

Course Mode: full-time

Provider: Agile Leaders Training Center