Operational Risk Management Course Description
Master the principles and practices of Operational Risk Management (ORM) and become a key player in safeguarding your organization’s operations, reputation, and financial stability.
This comprehensive course explores the frameworks, methodologies, and tools essential for identifying, assessing, mitigating, and reporting operational risks.
Gain the expertise to protect your organization from internal and external threats, ensure regulatory compliance, and contribute to strategic decision-making. WingsWay Training Institute is a trusted ISO-certified and award-winning training center – Join us to scale your expertise and career prospects!
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Recognitions
WingsWay Training Institute, a globally recognized and trusted Authorised Training Centre, ensures you receive top-quality education and recognition for your efforts. Our commitment to delivering exceptional private education in Dubai has earned us the endorsement of the Knowledge and Human Development Authority (KHDA) and ISO 9001:2015 certification from the International Accreditation Forum (IAF).
Furthermore, WingsWay Training Institute proudly achieved the title of ‘Best Training Institute’ twice in 2023 and anticipates maintaining this prestigious position in 2024. Our services and training quality have not only been recognized by students in over 60 countries but also by TOP international organisations.
Prerequisites: Basic to intermediate Excel proficiency is recommended, including familiarity with formulas, functions, and data manipulation
Course Outline
Module 1: Introduction to Operational Risk Management
- Defining operational risk and its key components
- Motivation to manage operational risk
- Regulatory frameworks (e.g., Basel Accords)
- ORM governance and the three lines of defense model
Module 2: Operational Risk Identification & Assessment
- Risk and Control Self-Assessment (RCSA)
- Scenario analysis and stress testing
- Operational risk framework
- Operational risk cycle
- Key Risk Indicators (KRIs) and Early Warning Signals
Module 3: Risk Mitigation & Management
- Risk control strategies (avoidance, reduction, transfer, acceptance)
- Process optimization and internal controls
- Business continuity planning and disaster recovery
- The cause, consequence and impact of operational risk
Module 4: Reporting, Monitoring, & Technology
- Developing ORM reports for management and regulators
- Utilizing ORM software and data analytics
- Aligning ORM with enterprise risk management (ERM)
Course Duration
- 3 Days
Learning Mode
- Classroom
- Virtual Instructor Led Training – VILT
Course Language
- English
Who Should Attend?
- Operational risk managers
- Internal auditors
- Compliance professionals
- Business continuity specialists
- Professionals aspiring to careers in risk management
Learning Objective
By the end of this course, participants will be able to:
- Understand the core principles and frameworks of operational risk management (ORM).
- Identify, assess, and quantify operational risks across various business functions.
- Develop and implement strategies to mitigate and manage operational risks.
- Utilize ORM tools and techniques for effective monitoring and reporting.
- Align ORM practices with regulatory guidelines and industry standards.
Career Opportunities
Operational risk management skills are in high demand across various industries and roles, opening doors to career paths like:
- Operational Risk Manager
- Risk Analyst (with Operational Focus)
- Internal Auditor
- Compliance Officer
- Enterprise Risk Management (ERM) Professional
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