Key Elements in Managing Operational Risk
This course sets out a step-by-step approach covering the fundamental steps required to identify, manage, and mitigate.
Description
This course sets out a step-by-step approach covering the fundamental steps required to identify, manage, and mitigate operational risks. We cover key aspects of operational risk management including critical issues such as risk analysis, risk appetite, probability, impact, risk mitigation process, and prioritization.
Inadequate or failed internal processes, people and systems or external events are the key “risk drivers” in operational risk. These “risk drivers” are exceptionally wide-ranging and cover virtually every element of the operations in all forms of business and other organizations.
As our source we draw on the financial industries approach to operational risk management as defined in the Basel Accords. The Basel view, from the definition to the process and principles used, is in the presenter's view, the most succinct way of presenting a practical interpretation of operations risk management that is easily replicated for other business and operational entities.
The effective management of all operational risks is a major component of an organization’s risk management strategy.
This course is brought to you by Illumeo. Illumeo, incorporated in 2009, is revolutionizing the hide-bound world of corporate learning. Illumeo works with corporate professionals and organizations of all sizes to build the skills and capabilities that help everyone be an expert at their job. Based in Silicon Valley, CA, Illumeo serves thousands of corporations and corporate professionals across Finance, Accounting, Human Resources, Sales and Marketing. The platform offers assessments, industry-benchmarked competency analyses, hundreds of expert-developed courses, collaborative tools, and the ability for companies to self-publish internal courses that promote institutional knowledge retention and dissemination. Illumeo is the place for expertise management and we are dedicated to the proposition that everyone can be an expert at their job.
What You Will Learn!
- Discover the processes used in the management of operational risk.
- Identify the different types of operational risks.
- Explore the methods used in identifying and evaluating the different operational risks.
- Explore critical issues such as risk analysis, risk appetite, probability, impact, the risk mitigation process, prioritization and risk management responsibilities.
Who Should Attend!
- Anyone interested in Finance, Accounting and related fields.