Introduction to Operational Risk Management ORM

For Risk Management Professionals, Consultants, Internal Auditors, Internal Controls and Compliance Professionals

Ratings: 4.31 / 5.00




Description

Operational Risks are perhaps the most significant risks that organizations face on daily basis. Most of the corporate failures occurred in the past decade, are due to the operational risks occurrences causing operations failures. Companies and institutions are therefore, focused on managing the operational risks.

Why Operational Risk Management ORM Course Is Beneficial?

Risk is inherent in every process and system that an organization or company uses and due to complexity of business operations, advancement of technology, increased customer's expectations and complex regulatory requirements the management of operational risk has become crucial, for the success and survival of institutions and companies.

Management of operational risks is relevant for all companies and institutions such as banks, insurance companies, brokerage houses, investment companies, FMCGs, Pharmaceuticals, Leasing Companies, Service Industries etc. Millions of dollars are spent by financial institutions and companies, to identify and manage their operational risks on continuous basis.

Operational risk specialists are hired on very handsome salaries and packages, to manage the operational risks of the company. Operational risk consultants also charge, millions of dollars as consultancy fees, from institutions and companies to help them in managing their operational risks. As Operational Risk Management is linked with Enterprise Risk Management ERM, therefore, all big consultancy firms in the world provide risk advisory services, to the companies and institutions which also include the Operational Risk Management services.

What you will learn?

In this course you will learn about risks and risk management with special emphasis on core principals and requirements of Operational Risk Management ORM.

Core areas that you will learn in this course are about

- risk concepts,

- types of risk and events with impacts,

- core categories of risks, examples,

- risk management process,

- operational risks,

- operational risk management ORM, examples,

- ORM methodology,

- governance structure of ORM,

- net impacts,

- exposure levels,

- risk appetite,

- tolerance levels, 

- ORM suggested tools, RCSAs, key risk indicators KRIs,

- breach and cause analysis,

- LODs, etc.

This course will help you in learning different special terminologies used by risk management professionals in corporate environment with reference to ORM.

How Will You Be Benefitted By Attending This ORM Course?

By attending this course you will:

- be able to link knowledge gained with practical aspects, as to how an organization conducts Operational Risk Assessment and Management

- be able to talk confidently with risk management professionals and consultants regarding ORM

- be able to work in consultancy firms or organizations in their risk management departments specially ORM departments

- get a certificate of completion of this course

- be able to perform more research and analysis on ORM practices

- be able to pursue a career progression in risk management field.

Who this course is for?

This course should be attended by:

  • Risk management professionals

  • Compliance professionals

  • Bankers

  • Risk Advisors and consulting firms

  • Branch managers / Operation managers

  • Internal auditors

  • Internal controls professionals

  • CFA / FRM / CA / ACCA / CAMS or Finance students and

  • Others who want to learn the risk management and its components

What You Will Learn!

  • You will learn the core concepts of Operational Risk Management (ORM) which is a component of Enterprise Risk Management ERM
  • Practical scenarios and examples of operational risk management are covered in this course,
  • You will learn about different techniques and tools used to manage Operational Risks and Exposures such as RCSAs, KRIs, Analysis etc..
  • You will learn how Operational Risk is different from other types of risks such as Market Risk, Credit Risk, Compliance Risks and Liquidity Risk
  • You will learn about Operational Loss Database
  • The role of OR team and Internal Audit in an organization.

Who Should Attend!

  • Risk managers, Risk professionals, Compliance professionals, Internal Audit professionals, Branch Managers, Operations Managers, Bankers, Investment bankers.
  • Students who are learning Finance and Risk Management can also join.