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

Created by: Eslam Eldakrory
Enterprise Risk and Business Continuity Mgmt. Professional

What Will I 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

Requirements

• No previous Risk Management experience needed, this course will start from level 0 to the skill level of a Chief Risk Officer in the ORM field
• No financial or accounting experience needed.

Target audience

• Young professionals looking to join the Operational Risk field
• Senior professionals looking to join the Operational Risk field
• Operational Risk officers at any level in their career
• Risk professionals looking to take the next step in their career path
• Enterprise Risk professionals looking to expand their skills and knowledge in the field
• Risk Management tutors, mentors and educators looking to expand their knowledge
• Professionals looking to join the Risk consulting and advisory field