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This course will highlight key elements of an Operational Risk Management framework and help you identify the appropriate elements to incorporate in your own program.
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About this Course
In this course. you will be introduced to the different roles in risk governance and the benefits of establishing an operational risk management program at your own workplace. By the end of the course, you will be able to capture, report, and investigate operational risk events, produce meaningful key risk indicator (KRI) data and trend analysis, assess organizational risk appetite, and design an Operational Risk Control and Self-Assessment program.
To be successful in this course, you should have a basic knowledge of statistics and probability and familiarity with business operations. Experience with MS Excel and Python is recommended.
What You Will Learn
- Understand the fundamentals of operational risk management from the different roles in risk governance to the application of risk frameworks
- Report and investigate operational risk events, produce KRI data and trend analysis, and implement operational risk appetite frameworks
- Build and implement an operational risk assessment program
Skills You Will Gain
- Understand Operational Risk Key Risk Indicators (KRIs)
- Understand Operational Risk Scenario Analysis
- Calculate Operational Risk Capital
Syllabus
WEEK 1
1 hour to complete
Getting Started
In the final course of the Risk Management specialization, you will be introduced to the different roles in risk governance and the benefits of establishing an operational risk management program at your own workplace. This course will highlight key elements of an Op Risk Management framework and help you identify the appropriate elements to incorporate into your own program.
By the end of the course, you will be able to capture, report, and investigate operational risk events, produce meaningful key risk indicator (KRI) data and trend analysis, assess organizational risk appetite, and design an Operational Risk Control and Self-Assessment program.
To be successful in this course, you should have a basic knowledge of statistics and probability and familiarity with business operations. Experience with MS Excel and Python is recommended.
2 videos (Total 3 min), 4 readings
WEEK 2
2 hours to complete
Module 01: Operational Risk Management Setup
We’ll begin by looking at the operational risk management setup.
2 videos (Total 19 min)
WEEK 3
1 hour to complete
Module 02: Operational Risk Identification Tools
In this module we will look at the tools that operational risk managers use to flag and identify risks.
3 videos (Total 16 min)
WEEK 4
1 hour to complete
Module 03: Operational Risk Measurement and Analysis
In Module 3, we’ll look at how you collect operational risk data to measure and analyze risk. We’ll also look at how you calculate regulatory risk capital requirements for unexpected losses and how to create scenario analyses.
3 videos (Total 18 min)
WEEK 5
1 hour to complete
Module 04: Operational Risk Framework and Governance
Module four will cover the management and governance framework of operational risk.
3 videos (Total 12 min)
WEEK 6
12 minutes to complete
End of Course
1 reading
