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Complete Enterprise & Operational Risk Management Bootcamp

Name: Complete Enterprise & Operational Risk Management Bootcamp
Rating: 4.4 (27 reviews)

Learn Operational Risk Management (ORM) and Enterprise Risk Management (ERM) | Certificate issued by the FCA included

Created byFinancial Crime Academy

Last updated 2/2024

English

What you'll learn

Understand how risk management can be used to support organizations in achieving their objectives
Understand the benefits of risk management and its relationship with governance, social responsibility, sustainability, and organizational prosperity
Acquire an overview of the global business and risk environment
Learn key risk architectures, strategies, and protocols to effectively mitigate organizational risk
Understand the role of risk culture, risk appetite, and risk tolerance
Explain risk and organizations, including an introduction to corporate governance, project and operational risk management, and supply chain management
Acquire a solid understanding of organizational risk management, emerging risks and future developments

Course content

8 sections • 49 lectures • 3h 44m total length

Thank You & Welcome0:16
Introduction5:00
Invitation #1 - Explore the Financial Crime Academy Training Platform0:17
Invitation #2 - Join our exclusive LinkedIn Group0:13

Introduction to this Module3:50
Meanings and Purpose of Risk Response5:32
The 4Ts: Tolerate, Treat, Transfer and Terminate5:07
Risk Control Techniques: Preventive, Corrective, Directive And Detective (PCDD)6:07
Control of Selected Hazard Risks4:33
There are various types of hazards to which an organization may be exposed to. These hazards are classified as health and safety-related hazards. All organizations are required to comply with health and safety-related laws and regulations...
It is the employer's responsibility to provide a good working environment to the employees and staff to ensure that they work in a peaceful environment without being exposed to risks related to health problems.
Organizations engaging in construction, technical work, electrical work, or similar sectors are more vulnerable to health and safety issues. Employees working in workplaces must be supplied with the required training, tools, and equipment to execute their duties safely.
Fire dangers, workplace accidents, falls from great heights, and electrocution are all possibilities. All hazards pose dangers to companies and must be detected and controlled as soon as possible. These hazards are accompanied by financial, reputational, and regulatory threats.
Poor working conditions can lead to employee unhappiness, which can lead to infrastructure damage. Strikes by dissatisfied employees interrupt corporate operations, resulting in financial and operational losses for the organization.
To avoid such situations, an employer must periodically arrange appropriate training and provide a better work environment and tools.
Training related to avoidance of health and safety hazards aim to develop expertise in the application of scientific, engineering, and technological principles and tools to perform technical jobs. Training will provide the underpinning Science and Technology knowledge related to fire safety and enable employees to assess risks and devise protection strategies as they relate to possible hazards. It will also produce a resourceful and competent workforce with a range of skills and experience relevant to modern industry and commerce and in particular to develop a range of competencies and underpinning knowledge for practicing professionals in the field of health and safety.
Organizations must guarantee that employees' health and safety practices and procedures are cost-effective. When addressing health and safety hazards, cost-cutting should not be a priority. Any occurrence involving an employee's accident at work may expose the firm to various hazards, including reputational risk, financial risk, operational risk, and regulatory risk.
A reputational risk emerges in a health and safety event when an employee's injury or death at work owing to poor working conditions or a poor work environment may become public news, resulting in unpleasant statements and comments against the business. Similarly, owing to workplace dangers, the business may be obliged to pay large penalties, resulting in financial losses...
Organizations with a high number of reported health and safety problems may lose market share as customers lose faith in them. Customers cease purchasing products and services from such firms that have weak health and safety practices and do not conduct risk management. Employee turnover is also common in such firms due to the dangers of the job, a lack of proper resources and tools, and strategies to minimize potential accidents and related risks.
As a result, it is critical for firms to recognize health and safety concerns and include them into their entire risk management framework. To guarantee that all identified health and safety risks are effectively mitigated with robust controls, such risks must be reviewed regularly, and the operational efficacy of the controls must be verified.
As part of health and safety hazard risk management, organizations must consolidate incident data which serves as a reference point for the organization to ensure that such events are not repeated in the future. Acquiring loss data may help managers to assess the existing hazardous risks and devise the appropriate mitigation strategies accordingly.
Monitoring and Review4:04
Insurance and Risk Transfer4:27
Module Summary6:38
Multiple Choice Quiz

Requirements

To participate in this course on operational and enterprise risk management, you will need an electronic device with online video-viewing capabilities (e.g., smartphone, tablet, laptop, desktop computer, etc.).
Although this is helpful, you will need no previous knowledge in compliance or anti-financial crime.
A background in business, legal, or finance might also be beneficial but is not required.

Description

Embark on a transformative learning journey with our Operational Risk Management (ORM) and Enterprise Risk Management (ERM) masterclass, designed specifically for professionals who are keen to specialize in the nuances of operational risk within the broader context of enterprise risk management. This course bridges the critical aspects of operational risk management with enterprise-wide risk considerations, following the ISO 31000 framework, to empower you with the skills needed to fortify organizational resilience against various operational threats.

In today's complex business environment, characterized by rapid technological changes, regulatory challenges, and unforeseen crises like the COVID-19 pandemic, mastering operational risk management is more vital than ever. Our curriculum is meticulously crafted to guide you through the essential strategies, tools, and practices to identify, assess, and mitigate operational risks while also providing insights into integrating these practices within an enterprise risk management framework.

COURSE STRUCTURE

Our program is segmented into six comprehensive modules, each focusing on critical aspects of operational and enterprise risk management:

Module 1: Foundations of Operational Risk Management

Begin with an introduction to operational risk, understanding its impact on organizations, and exploring the foundational principles that guide effective risk management practices.

Module 2: Integrating Operational Risk Management within Enterprise Risk Frameworks

Learn about the synergy between operational risk management and enterprise risk management (ERM), including the application of the COSO framework to operational risks.

Module 3: Operational Risk Management Processes and Practices

Deep dive into the processes and best practices of operational risk management, focusing on risk culture, appetite, and tolerance, and how these elements align with broader ERM strategies.

Module 4: Operational Risk Assessment and Identification

Master the techniques for conducting thorough operational risk assessments, from identifying potential risks to evaluating their impact and likelihood within an organizational context.

Module 5: Analyzing and Evaluating Operational Risks

Advance your skills in risk analysis and evaluation, learning to prioritize risks and explore the upside of risk management in driving organizational growth and resilience.

Module 6: Mitigation and Response Strategies for Operational Risks

Explore comprehensive strategies to respond to and mitigate operational risks, including the application of the 4Ts framework and various risk control techniques tailored to operational challenges.

COURSE FEATURES

✓ Interactive Modules: Engage with dynamic content, including case studies, simulations, and exercises that mirror real-world operational risk scenarios.

✓ Expert Instruction: Benefit from the insights and experiences of seasoned professionals in operational risk management.

✓ Flexible Learning Environment: Access our course from anywhere, at any time, through our state-of-the-art online platform, designed for busy professionals.

✓ Professional Certification: Earn a distinguished certification issued by the Financial Crime Academy that showcases your expertise in operational risk management with an understanding of its importance within the enterprise risk management landscape.

WHO THIS COURSE IS FOR

This program is ideally suited for risk managers, operational managers, compliance officers, and anyone involved in or interested in gaining a deep understanding of operational risk management techniques and their application within an enterprise risk framework.

ENROLL TODAY

Enroll in our Operational Risk Management (ORM) and Enterprise Risk Management (ERM) masterclass today to take a significant step towards becoming an expert in navigating and mitigating operational risks, thereby contributing to the overall resilience and success of your organization.

Important! This course, similar to the Financial Crime Academy's Certificate in Enterprise Risk Management, is available on Udemy to support FCA's mission of making professional education more widely accessible. Completion via Udemy grants a certificate of completion only without access to FCA's platform, support, or a verifiable certificate ID. Courses on Udemy do not count towards FCA's CAMP, CAIP, or CFCP programs.

Who this course is for:

Executives, senior managers, and heads of departments who require a better understanding of risk management and the role it should play within their organizations.
Managers who are responsible for managing risk and/or embedding effective systems of corporate governance.
Insurance managers, brokers, safety practitioners, auditors, project managers, accountants, solicitors, and consultants who are increasingly finding risk management is forming part of their remit or are expected to have a broad understanding of the subject.
Practitioners who require a refresher on recent developments in risk management.

Complete Enterprise & Operational Risk Management Bootcamp

What you'll learn

Explore related topics

Course content

Introduction to this Program4 lectures • 6min

Risk Management Fundamentals7 lectures • 33min

Enterprise Risk Management Principles and COSO Framework7 lectures • 37min

Enterprise Risk Management Framework Elements7 lectures • 36min

Risk Assessment – Introduction and Identification8 lectures • 38min

Risk Assessment – Risk Analysis and Evaluation5 lectures • 32min

Treating and Responding to Risk8 lectures • 40min

Completing this Program3 lectures • 2min

Requirements

Description

Who this course is for: