Operational Risk Management Professional Masterclass
All what you need to know and best practices to better Understand, Identify, Assess, Respond and Report on key risks
4.62 (591 reviews)
2 468
students
5.5 hours
content
Sep 2024
last update
$69.99
regular price
What you will learn
Understand the origin of Operational Risk and why it is important for organizations' survival and how it evolved over time to serve changing environment.
Understanding key terms and definitions: including Risk Taxonomy, Risk Appetite, Risk/Reward, Risk Tolerance and many other terms essential in your risk vocab.
Understanding the key types of risk including: Credit risk, Market risk, operational risk, liquidity risk and Reputational risk
Breakdown the Risk management process from: Risk Identification, Risk Evaluation and Assessment, Risk Response, Risk Monitoring and Reporting
Gain in-depth understanding of how to assess the effectiveness of existing controls and how to design effective ones (detective, preventive & reactive controls)
Gain in-depth understanding of the operational risk framework and how to apply that to your organization
Understanding what Risk Culture Means and how a robust risk culture should look like to nurture an effective risk practices in the organization
Deep dive in what an effective Risk Management Program should include key practices and how to effectively establish those practices in your organization
Understanding the Three Lines of Defense model in effective risk management and how the roles and responsibilities of each line of defense look like and why?
Gain in-depth understanding of best practices in Risk management including: BASEL, ISO and COSO framework accords
Understanding what Inherent risk VS Residual risk means and how effective controls contribute to the residual risk severity
in-depth analysis of the key Risk Mitigation strategies like: Risk acceptance, Risk reduction, Risk sharing, Risk transfer and Risk Avoidance
Deep-dive into key risk management strategic reports including: RCSA report, Loss event report, KRI metric and Risk Heatmap
Understanding Why Risk Management fails and the most 7 Common Risk Management Mistakes and How to Avoid Them
Understanding How to establish a robust risk management function in your organization
What Makes a Good Operational Risk Manager? and the 8 most respected personal and professional skills that will get you to be a Highly Effective Risk Manager
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4354076
udemy ID
17/10/2021
course created date
08/11/2022
course indexed date
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