Operational Risks Management ORM

🌟 Master Operational Risks with Real-World Case Studies! 🌟

Introduction to Operational Risk Management (ORM)

Risk is an inevitable component of business operations. With the increasing complexity of global markets, technological advancements, and stringent regulatory requirements, the management of operational risks has become a critical discipline for organizations across all sectors. Neglecting this can lead to substantial financial losses and, in some cases, the downfall of entire institutions.

Why is Operational Risk Management (ORM) Important?

ORM is not just a buzzword; it's a lifeline for companies looking to stay operational and competitive. It's a regulatory requirement for financial institutions and has become a cornerstone of Enterprise Risk Management (ERM) for big corporations globally. Top consultancy firms charge hefty fees for operational risk advisory services because they know the stakes are high. This course will help you understand why ORM is integral to a company's success.

What Will You Learn?

This course is meticulously designed into two insightful modules:

📚 Module 1: Core Areas of Operational Risk Management

• Understanding Risks and Adverse Impacts: Get to grips with the basics of operational risks.
• Components of Operational Risk: Learn about the different types of operational risks and real-world examples.
• Operational Loss Events and Types: Identify various loss events and their underlying causes.
• Exposure to Operational Losses: Understand how companies can be exposed to losses and what can be done to avoid them.
• Operational Risk Management: Dive into the strategies and frameworks that organizations use to manage operational risks effectively.

📊 Module 2: Case Studies in Operational Risk

• Case Study 1: A Biscuit Manufacturing Company's encounter with operational loss exposures and actual losses.
• Case Study 2: The hijack of a bank's core application system and the associated operational losses.
• Case Study 3: A Luxurious Car Manufacturing Company's experience with operational risks.
• Case Study 4: Regulatory Requirements and Operational Losses faced by a Bank.
• Case Study 5: Understanding the Risk Appetite Level of a Technology Company.
• Case Study 6: Internal Fraud in a Bank and its operational loss implications.
• Case Study 7: The use of Artificial Intelligence (AI) by ORM teams for operational risk assessment.

Special Focus on Risk Management Terminology Get up to speed with the specific language used in Operational Risk Management, which is crucial for anyone looking to communicate effectively with professionals in this field.

🎓 Benefits of Attending This Course 🚀

• Gain a comprehensive understanding of how companies assess and manage operational risks.
• Enhance your ability to discuss operational risks confidently with experts.
• Open doors to careers within risk management departments, particularly in ORM.
• Receive a certificate upon successful completion of the course.
• Conduct research and perform analysis on operational risks and case studies.
• Pave the way for career advancement in the field of risk management.

Who Should Attend This Course? 🎫 This comprehensive course is designed for:

• Risk Management Professionals
• Operational Risk Heads/Managers
• Compliance Specialists
• IS Security Experts
• Bankers and Financial Analysts
• Risk Advisors and Consultants
• Branch/Operation Managers
• Internal Auditors
• Internal Controls Experts
• CFA, FRM, CA, ACCA, or CAMS Holders
• And anyone interested in learning about operational risk management and its components.

Join us to transform your understanding of operational risks and become a key player in safeguarding the future of your organization! 🛡️💼✨