Master Operational Risk Management & Mitigation in 5 Days

Course Description

This intensive 5-day course provides a comprehensive overview of operational risk management and mitigation strategies. Participants will learn to identify, assess, and control risks that can impact an organization's operations, assets, and reputation. The course covers risk governance, frameworks, tools, and techniques for effective risk management.

Learning Objectives

• Understand the fundamentals of operational risk management
• Develop skills to identify and assess operational risks
• Learn to implement effective risk mitigation strategies
• Gain knowledge of risk governance and regulatory compliance
• Explore best practices for creating a risk-aware culture

Course Modules

Day 1: Introduction to Operational Risk Management

• Defining operational risk
• Risk management frameworks and standards
• The role of risk governance
• Key risk indicators (KRIs)

Day 2: Risk Identification and Assessment

• Risk identification techniques
• Risk assessment methodologies
• Quantitative and qualitative risk analysis
• Risk mapping and prioritization

Day 3: Risk Mitigation Strategies

• Developing risk response plans
• Risk transfer, acceptance, and avoidance
• Business continuity and disaster recovery planning
• Implementing internal controls

Day 4: Risk Monitoring and Reporting

• Continuous risk monitoring techniques
• Risk reporting and dashboards
• Incident management and loss data analysis
• Regulatory compliance and reporting

Day 5: Building a Risk-Aware Culture

• Promoting risk awareness across the organization
• Training and communication strategies
• Integrating risk management into decision-making
• Measuring and improving risk culture

Practical Wins for Participants

• Ability to conduct comprehensive risk assessments
• Skills to develop and implement risk mitigation strategies
• Knowledge to create effective risk monitoring and reporting systems
• Techniques to foster a risk-aware organizational culture