Operational Risk Management: Frameworks & Strategies

Instructor: Jack Farmer

Beginner Level • 6 hours to complete Recommended experience • Flexible Schedule

What You'll 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'll Gain

Business Risk Management
Regulatory Requirements
Risk Management Framework
Risk Control
Risk Appetite
Key Performance Indicators (KPIs)
Operational Risk
Governance
Analysis
Enterprise Risk Management (ERM)
Business Process
Risk Management
Risk Analysis

Shareable Certificate

Earn a shareable certificate to add to your LinkedIn profile

Outcomes

  • Learn new concepts from industry experts
  • Gain a foundational understanding of a subject or tool
  • Develop job-relevant skills with hands-on projects
  • Earn a shareable career certificate

There are 6 modules in this course

In the final course from 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 in 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 recommended.

We’ll begin by looking at the operational risk management setup.

In this module we will look at the tools that operational risk managers use to flag and identify risks.

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.

Module four will cover the management and governance framework of operational risk.