Essentials of Operational Risk - Risk Training E-Learning
Essential of Operational Risk is designed to bring the in-depth, learning led content of Risk Training to an accessible online platform. Through videos, articles, audio content, and presentations, the training will provide you and your team with engaging content that can be accessed on-demand. <br />
E-Learning: Essentials of Operational Risk
In-depth, self-paced training to bring you and your team up to speed on operational risk and resilience
What is Essentials of Operational Risk?
Essential of Operational Risk is an e-learning program designed to bring the in-depth, learning led content of Risk Training to an accessible online platform. The online training is self-paced and available for 3 months to give you time to learn at your own pace and in your own time.
Through videos, articles, audio content, and presentations, the training will provide you and your team with engaging content that can be accessed on-demand.
Module 1: Understanding Operational Risk
- 1.1 Introduction
- 1.2 What is Operational Risk?
- 1.3 The Scope and Definiton of Operational Risk
- 1.4 How do banks manage operational risk?
- 1.5 The Development of Operational Risk Management in Banking
- 1.6 Defining and using risk frequency and Impact
- 1.7 Defining and using Inherent and residual operational risk
- 1.8 Understanding the importance of Near Misses
- 1.9 Understanding Operational Risk Appetite
- 1.10 Introducing Sound Operational Risk Practices
- 1.11 COSO and Operational Risk
Module 2: Managing Operational Risk
- 2.1 Introduction
- 2.2 Operational Risk Management Activities
- 2.3 Developing Risk Champions
- 2.4 The Operational Risk Management Framework
- 2.5 Operational Risk Corporate Governance
- 2.6 Relationship of operational risk to internal control and internal audit
- 2.7 Implementing Operational Risk Frameworks – tools and approaches
- 2.8 Key Risk Indicators and Thresholds
- 2.9 Incident Management
- 2.10 Root cause analysis
- 2.11 Event reporting and Monitoring
- 2.12 Operational Risk Reporting processes
- 2.13 Closing Summary
Module 3: Identifying and Assessing Operational Risk
- 3.1 Introduction
- 3.2 Identification of Operational Risks
- 3.3 Running risk workshops
- 3.4 Identification of controls
- 3.5 Risk acceptance policies
- 3.6 Assessing inherent and residual risks
- 3.7 Operational Resilience
- 3.8 Cybersecurity and operational risk
- 3.9 Risk and control self assessment
- 3.10 Risk control self assessment workshops
- 3.11 Conclusion and Summary
Module 4: Measuring Operational Risk
- 4.1 Regulatory update
- 4.2 Basic indicator approach
- 4.3 Standardized approach
- 4.4 Using the advanced measurement approach
- 4.5 Basic criteria for using the measurement approaches
- 4.6 Process modeling and measurement
- 4.7 Risk indicators and risk appetite
- 4.8 Key risk indicators
Module 5: Internal loss Data and Scenario Modelling/Stress Testing
- 5.1 Introduction
- 5.2 What are the key uses of internal loss data?
- 5.3 Internal Loss Event Types
- 5.4 Obtaining internal loss data
- 5.5 Gross loss v Net loss
- 5.6 Loss data relevance and scaling – what needs to be done?
- 5.7 Use of external loss data
- 5.8 Two types of external loss data - public and pooled
- 5.9 Making external loss data relevant to your organisation and deriving value from historic events
- 5.10 What is scenario modelling and how does it vary from stress testing?
- 5.11 Uses of stress testing and scenario analysis
- 5.12 Developing credible scenarios and applying them in practice
- 5.13 What is a suitable operational risk stress test?
- 5.14 Summary
Module 6: Mitigating Operational Risk
- 6.1 Introduction
- 6.2 What is operational risk mitigation?
- 6.3 The Objectives of Operational Risk Mitigation
- 6.4 Mitigation techniques – People
- 6.5 Mitigation techniques – Technology
- 6.6 Mitigation techniques – Processes
- 6.7 Identification and improvement of key controls
- 6.8 Challenges of implementing effective and efficient controls
- 6.9 Business Resilience
- 6.10 The graduated Business Continuity plan
- 6.11 Cascading risk and secondary effects
- 6.12 Testing the Business Continuity Plan
- 6.13 Summary
Easy access to in-depth OpRisk training:
What you receive when booking onto our platform:
- Full access to the e-learning platform and you will be able to start module 1 instantly.
- Pre-reading materials
- Your booking gives you access to the platform for 3 months, so you will be able to go back to access the content even after you have completed the training.
- Access related content from Risk.net to including news articles, whitepapers and reports which are updated every month
- Certificate on completion of the course
The training is comprised of 6 hours of tuition, which you can access at your own pace. The 6 hours of tuition is supplemented by additional videos, relevant articles and assessments.
E-learning tutor: Dennis Cox, Operational Risk Specialist
With more than 30 years of experience in risk, banking, financial crime, audit, and accounting, Dennis Cox is known for communicating complex topics through enjoyable learning experiences, and highly-interactive, practical approaches to teaching. As an experienced practitioner, Dennis has held senior risk management positions at HSBC, BDO and Arthur Young, and has authored several books including An Introduction to Money Laundering Deterrence and Banking and Finance: Accounts, Audit and Practice.
An engaging learning experience:
Essentials of Operational Risk has been designed to provide you with in-depth training at a time that suits you.
In addition to the flexible nature of e-learning, we want the training to be as engaging and interesting as possible for you and your team! The program includes the following training tools to guarantee a dynamic learning experience:
- Video and audio tutorials
- In-depth slides
- Additional reading sourced from Risk.net, including articles, reports and whitepapers
- External references
- Quizzes and assessments
We'd be delighted to show you the training platform and learning experience before you buy. Request a demo and let us know your preferred time and we will arrange a short meeting as soon as possible.