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CORP™Certified Operational Risk Professional
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English
Intermediate
35 Nasba
FACE 2 FACE
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Course Overview
Much is written about the theory of managing and measuring Operational Risk. This course focuses on the practical aspects of delivering robust, sustainable and value-adding Operational Risk management processes into a business. Participants will learn how Operational Risk Frameworks are constructed, how to identify, measure, monitor and manage Operational Risks. They will learn how to construct Operational Risk Appetite statements and support them with Key Risk Indicator frameworks and how to develop Scenarios for analysis and development of Operational Risk capital. Finally, Participants will learn how to construct meaningful Operational Risk reports that will support better decision-making in their company.
Key Takeaways
1
Understand how to build a robust framework for Operational Risk management.
2
Build a culture for good risk management.
3
Understand how to drive value out of Operational Risk management.
4
Understand Risk Appetite and build robust Key Risk Indicator frameworks.
5
Create value-adding Operational Risk management reports.
International Academy of Business and Financial Management
The International Academy of Business and Financial Management™ (IABFM) is a global professional association offering certification training programs worldwide. IABFM™ hosts and organizes professional development courses and grants exclusive board designations to candidates who successfully meet its established standards and assessment criteria. With more than 200,000 members and affiliates across over 145 countries, IABFM™ focuses on advancing careers in business, finance, and management through specialized certifications.
Course Outline
Day 1
Fundamentals of Risk Management
Definition and scope of Operational Risk Relationship of Operational Risk to other risk types Key components of an Operational Risk framework Case Studies
The Regulatory Treatment of Operational Risk
Key regulatory influences on Operational Risk Evolving approaches to regulation and supervision Regulatory interest in specific Operational Risk categories Capital adequacy implications of Operational Risk management for Banks
Management of Operational Risk
Components of a risk governance framework and how they interact Roles and responsibilities of the Operational Risk management function Accountabilities, roles and responsibilities in the management of Operational Risk Needs and expectations of external stakeholders in relation to operational risk
Governance & Culture
Risk Taxonomies Operational Risk Management Policy Framework Human Factors
Day 2
Risk Management Frameworks
Available Frameworks ISO 31000 The Risk House
Day 3
Risk Management Tools and Techniques
Categorisation of Operational Risks Risk & Control Self-Assessment Issues & Action Plan Management Incident & Loss Event Management
Day 4
Operational Risk Appetite
What is Risk Appetite Principles for an effective Operational Risk Appetite Framework Elements of an Operational Risk Appetite Statement The Differences between Capacity, Appetite and Tolerance in relationship to Operational Risk Appetite The process for setting Operational Risk Appetite The role of Operational Risk Appetite in a Company’s Culture
Key Risk Indicators
Role and purpose of different forms of Risk Indicators Nature and Use of Key Risk Indicators Challenges surrounding Key Risk Indicators Sustainable Key Risk Indicator Framework
Day 5
Scenario Analysis
Understand the nature of Scenarios Understand the benefits of Scenario Analysis Internal and external factors affecting the Scenario assessment process Approaches for assessing Scenarios Elements involved in constructing Scenarios Influences on and forms of bias which may affect Scenario assessments Methods for validating Scenario outcomes Challenges in undertaking Scenario Analysis The role of Stress-Testing, Reverse Stress-Testing and the use of Scenario Analysis in establishing “Living Wills”e
Operational Risk Reporting
Who needs an Operational Risk Report – understand your audience What and when to report Derive value from the Operational Risk Report
Course Review
Q&A
Exam
Who Should Attend?
This highly practical and interactive course has been specifically designed for
Operational Risk Staff
Financial Controllers
Operations and Technology Managers
Compliance and Legal Officers
FAQ
What language will the course be taught in and what level of English do I need to take part in an LEORON training program?
Most of our public courses are delivered in English language. You need to be proficient in English to be able to fully participate in the workshop and network with other delegates. For in-house courses we have the capability to train in Arabic, Dutch, German and Portuguese.
Are LEORON Public courses certified by an official body/organization?
LEORON Institute partners with 20+ international bodies and associations. We also award continuing professional development credits (CPE/PDUs) for:1. NASBA (National Association of State Boards of Accountancy) 2. Project Management Institute PDUs 3. CISI credits 4. GARP credits 5. HRCI recertification credits 6. SHRM recertification credits
What is the deadline for registering to a public course?
The deadline to register for a public course is 14 days before the course starts. Kindly note that occasionally we do accept late registrations as well, but this needs to be confirmed with the project manager of the training program or with our registration desk that can be reached at +1071 4 1075 5711 or [email protected].
What does the course fee cover?
The course fee covers a premium training experience in a 5-star hotel, learning materials, lunches & refreshments, and for some courses, the certification fee and membership with the accrediting bodies.
Does LEORON give discounts?
Yes, we can provide discounts for group bookings. If you would like to discuss a discount on a corporate level, we will be happy to talk to you.
Reviews
- Review:IAMM Internal Audit Maturity ModelIn recognition of their dedication and contribution supporting IKEA Saudi Arabia in arranging training programs during 2017 & 2018, looking forward for more development and exciting effort this year. On behalf of IKEA Saudi Arabia, THANK YOU!Dalal Kutbi
- Review:Certified Professional in Quality and Patient SafetyDating back to 2014, Mobily’s “LEORON” experience has grown from a single collaboration to a long-term partnership. We consider “LEORON” Institute as a strategic partner, whose contribution has been nothing but premium in equipping our staff with field-based knowledge and information. Past three years have resulted with an expanded collaboration with superior customer service and support. Best Regards,Turki S. Alsahaan
- Review:BIDV Training SchoolI would like to thank Mile and remarkable team in LEORON for all your support in organizing this course. I also would like to take this opportunity to send a special “thank you” to Philip for all the inspiration you have provided, and enthusiasm that made the class enjoyable. I have to say finding an expert in the field is hard but finding an inspiring trainer like you is even harder. Your knowledge, experience and dedication to the course play a vital role in making this course extra meaningful. The participants highly appreciate your expertise and helpful, charming attitude & teaching method. It has been a pleasure working with all of you and I am very much looking forward to our future cooperation.BIDV Training SchoolBIDV Training School
- Review:Certified Professional in Quality and Patient SafetySince the partnership was signed between BAE Systems Saudi Development & Training and LEORON in 2017, we have been working together to offer the Saudi market a complete portfolio of training solutions benefiting from the wide and extensive experience of both parties. Recognizing the great success of this partnership, we are looking for further collaborations in the future that will position both companies as one of the leading training providers in Saudi Arabia. We thank the LEORON team for their full cooperation and continuing support, and look forward to further success together in the years to come.Emad Alrajih
- Review:Certified Professional in Quality and Patient SafetyWe have been working with LEORON for the past two years and will be working with them again this upcoming year. The programs they delivered were fruitful and exciting and our organization has received positive feedback from the participants. What our organization aims to do is to provide at no cost training for all the private sector employees so that they may benefit from our offered programs in Innovation and Professional development. Leoron has helped us achieve this goal. We look forward to continuing this service and wish them the best of luck. Regards,Nasser M. Al-Subaie
