Operational Risk is defined broadly and as a causal risk - the risk of loss due to failures in people, processes, systems or external events. It underlies many other risks, in particular regulatory and reputation risks, which are fundamental to the business model for financial institutions. It has also become a very costly risk for firms which have not managed it well. It is also a discipline which continues to develop rapidly in sophistication and relevance to business decision making. Certified Operational Risk Professional is designed to deliver a deep, practical understanding of operational risk management frameworks and measurement methodologies in financial institutions. Successful candidates will be better prepared to implement meaningful risk assessment initiatives, produce useful risk management information and understand basic modeling techniques for operational risk measurement. The CORP is relevant to all risk related roles in financial services, in particular Operational Risk Staff, Financial Controllers, Operations and Technology Managers, and Compliance and Legal Officers. A grounding in operational risk management techniques is also becoming increasingly important for front line staff both from a process and conduct perspective in their dealings with clients and market counterparts.
The certified operational risk course is a five day intensive workshop which deals with all aspects of measuring and managing operational risk. Some of the key areas include | Business Continuity | Basel II Regulation | ISO 31000 | Bayesian approaches for quantifying exposure| COSO explained | Extreme Value Theory | Scenario Analysis | How to build an effective scorecard for operational risk and much more.
Delivery Type: Group Live | Prerequisites: None | Level: Advanced | This Program is worth:35 NASBA CPE credits
CORP is indeed a unique training and certification opportunity in the region where innovative operational risk framework and modeling techniques are explained in detail by an experienced trainer. Team based and hands on exercises and projects completed during five days of ORM based training helped participants to clarify many questions and also helped in brushing up their presentation skills. One recommendation would be closer alignment of qualitative framework to modeling operational risk through exercises where the OR Model to be built by participants using the exercises on value chain, risk register, scenario analysis and fictitious loss database. Congratulations to LEORON, IABFM and Martin Davies for delivering a robust and well-structured ORM training program that caters to all of GCC region and beyond.
Operational Risk Manager,
National Bank of Abu Dhabi, Domestic Banking Division (DBD)
I have been on numerous training courses and Leoron’s CORP™ rates as one of the best! Mr. Martin Davies demonstrated excellent knowledge and great enthusiasm for the subject matter and this created a strong training environment. The training was highly informative, thought provoking, and delivered with a great deal of competency. The support team was professional, knowledgeable, and genuinely care about your success. I thoroughly enjoyed every day. Thank you!
Director of Human Resources
Group & Corporate Strategy, Risk, Audit and Compliance, Jumeirah Group
Coming from a Compliance and Operational Risk background, I opted for CORP training to get some insights into new trends and development. What I took from the course, however, was beyond my requirements and imagination – a seamless integration of qualitative areas into quantitative domains. The course was a perfect combination of framework, regulatory developments, qualitative assessments, quantitative advancement, OR models and automated tools. The trainer was highly skillful and successfully made even the novices swim alongside experts in the complex world of Operational Risk possibilities – Simply splendid and highly recommended for Risk professionals!
MOBBASHAR A. KHAN
AVP - Operational Risk
Al Hilal Bank Head Office, Abu Dhabi, UAE
“It has been a hat-trick, three consecutive times with CGRCP, CRS and now CORP, that I was overwhelmed with the quality of trainer and training arranged by LEORON. I look forwarded for the upcoming sessions that I have scheduled with LEORON and I recommended to all concerned that you will not regret an ounce. Thank you LEORON for your counseling and arranging such outstanding and quality driven sessions. “
Mohammed A Aziz
Assistant Vice President|Head of IS Governance Section
Riyadh Bank, KSA
1. Establish an integrated risk framework for operational risk.
2. Quantify and model operational risk.
3. Develop systems for Key Risk Indicators.
4. Unravel risk appetite.
5. Build leading operational risk reports.
Facts & Numbers
training sectors we operate in
International Associations and Institutes
trained professionals in 2016
Public sessions a year
offices throughout the world