Much is written about the theory of managing and measuring Operational Risk.
This course focuses on the practical aspects of delivering robust, sustainable and value-adding Operational Risk management processes into a business. Participants will learn how Operational Risk Frameworks are constructed, how to identify, measure, monitor and manage Operational Risks.
Operational risk modeling helps in measuring, monitoring and mitigating the risk of direct or indirect loss caused by inadequate or failed internal process.
Operational Risk is defined broadly and as a causal risk – the risk of loss due to failures in people, processes, systems or external events.
You will learn how to construct Operational Risk Appetite statements and support them with Key Risk Indicator frameworks and how to develop Scenarios for analysis and development of Operational Risk capital.
Also, Participants will learn how to construct meaningful Operational Risk reports that will support better decision- making in their company.
Successful candidates will be better prepared to implement meaningful risk assessment initiatives, produce useful risk management information and understand basic modeling techniques for operational risk measurement.
Participants who fully attend this course and complete the test on the last day will receive a Strategic Axis Professional Certificate (SAPC).
SAPC certificates are regionally recognized and can be quite valuable when applying for more senior roles within the organization or outside.
Along with SAPC certificates, participants could receive IABFM International Academy of Business and Financial Management certificates based on the successful pass of exam.
Understand the environment of risk
Components of risk management
Benefits of risk management
Strategy setting and management
Operational risk Management defined
Linkages and consistencies
Benefits of Operational Risk Management
Operational Risk Management as a tool for the Management of risk
Issues In Operational Risk Quantitative Versus Qualitative Usage Types Of Risk Faced By Organisations Credit
Importance of culture
Strategic Risk Management
Enterprise Risk Management and Operational Risk Management
The three pillars
Operating framework models
Enterprise-Wide Operational Risk Applications
Waterfall Effect Basel II Awareness
Culture And Application Drivers
Planning The Application of Governance
Market Risk Applications
Risk, reward, and regret
Data collection and decision making