Module breakdown

Module breakdown - Essentials of Operational Risk

Module 1: Understanding Operational Risk
  1. Introduction
  2. What is Operational Risk?
  3. The Scope and Definiton of Operational Risk
  4. How do banks manage operational risk?
  5. The Development of Operational Risk Management in Banking
  6. Defining and using risk frequency and Impact
  7. Defining and using Inherent and residual operational risk
  8. Understanding the importance of Near Misses
  9. Understanding Operational Risk Appetite
  10. Introducing Sound Operational Risk Practices
  11. COSO and Operational Risk
Module 2: Managing Operational Risk
  1. Introduction
  2. Operational Risk Management Activities
  3. Developing Risk Champions
  4. The Operational Risk Management Framework
  5. Operational Risk Corporate Governance
  6. Relationship of operational risk to internal control and internal audit
  7. Implementing Operational Risk Frameworks – tools and approaches
  8. Key Risk Indicators and Thresholds
  9. Incident Management
  10. Root cause analysis
  11. Event reporting and Monitoring
  12. Operational Risk Reporting processes
  13. Closing Summary
Module 3: Identifying and Assessing Operational Risk
  1. Introduction
  2. Identification of Operational Risks
  3. Running risk workshops
  4. Identification of controls
  5. Risk acceptance policies
  6. Assessing inherent and residual risks
  7. Operational Resilience
  8. Cybersecurity and operational risk
  9. Risk and control self assessment
  10. Risk control self assessment workshops
  11. Conclusion and Summary
Module 4: Measuring Operational Risk
  1. Regulatory update
  2. Basic indicator approach
  3. Standardised approach
  4. Using the advanced measurement approach
  5. Basic criteria for using the measurement approaches
  6. Process modelling and measurement
  7. Risk indicators and risk appetite
  8. Key risk indicators
Module 5: Internal loss data and scenario modelling / stress testing
  1. Introduction
  2. What are the key uses of internal loss data?
  3. Internal Loss Event Types
  4. Obtaining internal loss data
  5. Gross loss v Net loss
  6. Loss data relevance and scaling – what needs to be done?
  7. Use of external loss data
  8. Two types of external loss data - public and pooled
  9. Making external loss data relevant to your organisation and deriving value from historic events
  10. What is scenario modelling and how does it vary from stress testing?
  11. Uses of stress testing and scenario analysis
  12. Developing credible scenarios and applying them in practice
  13. What is a suitable operational risk stress test?
  14. Summary
Module 6: Mitigating Operational Risk
  1. Introduction
  2. What is operational risk mitigation?
  3. The Objectives of Operational Risk Mitigation
  4. Mitigation techniques – People
  5. Mitigation techniques – Technology
  6. Mitigation techniques – Processes
  7. Identification and improvement of key controls
  8. Challenges of implementing effective and efficient controls
  9. Business Resilience
  10. The graduated Business Continuity plan
  11. Cascading risk and secondary effects
  12. Testing the Business Continuity Plan
  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 on-demand, 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