Operational Risk Management

Course Summary:

This course provides a comprehensive understanding of Operational Risk Management (ORM), equipping participants with the knowledge and skills to identify, assess, mitigate, and monitor operational risks within an organization. It covers global standards, regulatory expectations, and practical techniques for building a robust risk culture.

Learning Objectives:

By the end of this course, participants will be able to:

• Understand the fundamentals of operational risk and its impact on business performance.
• Apply risk identification and assessment techniques (RCSA, KRIs, scenario analysis).
• Design and implement effective risk control frameworks.
• Integrate ORM with governance, compliance, and business continuity planning.
• Utilize tools for risk reporting and incident management.

Key Topics:

1. Introduction to Operational Risk
   • Definition, drivers, and regulatory landscape
2. Risk Identification & Assessment
   • RCSA methodology, KRIs, and risk taxonomy
3. Risk Mitigation Strategies
   • Controls, monitoring, and escalation
4. Incident Management & Root Cause Analysis
5. Risk Reporting & Analytics
   • Dashboards, metrics, and trend analysis
6. ORM Frameworks & Standards
   • Basel II/III, ISO 31000, COSO ERM
7. Emerging Risks & Digital Transformation
   • Cyber risk, automation, and AI in risk management

Target Audience:

• Risk Managers, Compliance Officers, and Governance Professionals
• Finance and Operations Leaders
• Students and professionals aspiring to build a career in Risk Management

Duration:

• Foundation Level: 8–10 hours
• Advanced Level: 20–24 hours (with case studies and simulations)