Module breakdown

Module breakdown - Essentials of Operational Risk

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
RT E-Learning Additional Reading