Introduction to Operational Risk Management ORM
4.0 (1 rating)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
13 students enrolled

Introduction to Operational Risk Management ORM

Operational Risk Management ORM Requirements in Organizations
New
4.0 (1 rating)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
13 students enrolled
Created by Usman Zuberi
Last updated 7/2020
English
English [Auto]
Current price: $13.99 Original price: $19.99 Discount: 30% off
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This course includes
  • 2 hours on-demand video
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
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What you'll learn
  • Understand the Operational Risk Management ORM which is a component of Enterprise Risk Management ERM
  • Be able to link the course with practical scenarios that how operational risk is managed in institutions
  • Learn the techniques and tools of Operational Risk Management ORM
  • Be able to differentiate operational risk with other types of significant risks such as Market Risk, Credit Risk or Liquidity Risk
  • The role of OR team and Internal Audit etc.
Requirements
  • Basic knowledge of Risk and Risk Management is required. Willingness to learn operational risks management is required.
Description

This is an Operational Risk Management ORM course.

Risk is inherent in every process and system that an organization or company uses and due to complexity of business operations, advancement of technology, increased customer's expectations and complex regulatory requirements the management of operational risk has become crucial, for the success of organizations or companies.

Operational risk is one of the important components of overall Enterprise Risk Management ERM. Management of operational risks is relevant for almost all of the organizations and institutions such as banks, insurance companies, brokerage houses, investment companies, FMCGs, Pharmaceuticals, Leasing companies etc.

In this course you will learn about risk, event, types of risks with practical examples, operational risk and its management process etc. This course will help you in learning different special words used in risk management practices in practical life, such as Operational Losses, OLD, RCSA, KRI, Risk Appetite, Tolerance, Exposure level, Net Impact, Scenario,Process, Sub process etc.

Below are broader topics that you will learn:

  • Risk, Types of Risks, Events and Impacts

  • Credit Risk, Market Risk, Compliance Risk and Liquidity Risk with Examples

  • Operational Risk and Management of Operational Risk ORM

  • Organizational Structure with reference to Operational Risk Management ORM

  • Risk Appetite and Tolerance

  • Operational risk Governance Structure ORGS

  • RCSA, KRI, Breaches, Cause Analysis, Lines of Defenses, Audit etc.


This course is of beginner level. After attending the course you will be able to apply the principles of Operational Risk Management ORM in practical life.


Who this course is for?

This course should be attended by:

  • Risk management professionals

  • Compliance professionals

  • Branch managers / Operation managers

  • Internal auditors

  • Internal controls professionals

  • CFA / FRM / CA / ACCA / CAMS or Finance students and

  • Others who want to learn the risk management and its components

Who this course is for:
  • Risk managers, Risk professionals, Compliance professionals, Internal Audit professionals, Branch Managers, Operations Managers, Bankers, Investment bankers.
  • Students who are learning Finance and Risk Management can also join.
Course content
Expand all 25 lectures 01:47:01
+ Operational Risk Management ORM
10 lectures 50:44
Introduction to Operational Risk
05:05
Operational Risk Event Types
02:39
Objectives of Operational Risk Management ORM
09:52
Institutions Exposed to Operational Risks
01:13
Board of Directors, Senior Management and Middle Management
04:42
Distinction between Front Offices and Back offices in an Institution
01:27
Operational Risk Management Governance Structure ORMGS
04:53
Operational Risk Culture and Risk Appetite
10:09
Operational Risk Management ORM Framework and Role of Senior Management
05:44
Operational Risk Management ORM Team and ORMS
05:00
+ Operational Risk Management ORM Tools and Techniques
3 lectures 19:31
Different Tools of ORM and Operational Loss Data Analysis
05:34
Risks and Controls Self Assessment RCSA Process
06:58
Key Risk Indicators KRIs and Monitoring Process
06:59
+ Internal Audit of Operational Risk Management ORM Function
1 lecture 04:48
Internal Audit of Operational Risk Management ORM Function
04:48
+ Quiz
0 lectures 00:00

Knowledge test Quiz on Operational Risk Management ORM

Operational Risk Management ORM
35 questions