Module breakdown
Module breakdown - Essentials of Operational Risk
Module breakdown
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 Introduction
- 4.2 Management, mitigation and measurement
- 4.3 Basel 2 measurement approaches
- 4.4 Basic indicator approach
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
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
