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Operational Risk Management: Frameworks & Strategies

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Operational Risk Management: Frameworks & Strategies

This course is part of Risk Management Specialization

Instructor: Jack Farmer

22,389 already enrolled

Included with

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6 modules

Gain insight into a topic and learn the fundamentals.

435 reviews

Beginner level

Recommended experience

Flexible schedule

6 hours to complete

Learn at your own pace

98%

Most learners liked this course

6 modules

Gain insight into a topic and learn the fundamentals.

435 reviews

Beginner level

Recommended experience

Flexible schedule

6 hours to complete

Learn at your own pace

98%

Most learners liked this course

What you'll learn

Understand the fundamentals of operational risk management from the different roles in risk governance to the application of risk frameworks
Report and investigate operational risk events, produce KRI data and trend analysis, and implement operational risk appetite frameworks
Build and implement an operational risk assessment program

Skills you'll gain

Details to know

Shareable certificate

Add to your LinkedIn profile

Assessments

10 assignments

Taught in English

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This course is part of the Risk Management Specialization

When you enroll in this course, you'll also be enrolled in this Specialization.

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Gain a foundational understanding of a subject or tool
Develop job-relevant skills with hands-on projects
Earn a shareable career certificate

There are 6 modules in this course

In the final course from the Risk Management specialization, you will be introduced to the different roles in risk governance and the benefits of establishing an operational risk management program at your own workplace. This course will highlight key elements of an Operational Risk Management framework and help you identify the appropriate elements to incorporate in your own program. By the end of the course, you will be able to capture, report, and investigate operational risk events, produce meaningful key risk indicator (KRI) data and trend analysis, assess organizational risk appetite, and design an Operational Risk Control and Self-Assessment program.

Module details

In the final course from the Risk Management specialization, you will be introduced to the different roles in risk governance and the benefits of establishing an operational risk management program at your own workplace. This course will highlight key elements of an Op Risk Management framework and help you identify the appropriate elements to incorporate in your own program. By the end of the course, you will be able to capture, report, and investigate operational risk events, produce meaningful key risk indicator (KRI) data and trend analysis, assess organizational risk appetite, and design an Operational Risk Control and Self-Assessment program. To be successful in this course, you should have a basic knowledge of statistics and probability and familiarity with business operations. Experience with MS Excel and Python recommended.

What's included

2 videos4 readings1 discussion prompt1 plugin

2 videosTotal 3 minutes

Welcome to the Course1 minute
Learning Objectives2 minutes

4 readingsTotal 40 minutes

Welcome to the Course10 minutes
Risk Management Specialization Outline10 minutes
About the New York Institute of Finance10 minutes
Course Outline10 minutes

1 discussion promptTotal 10 minutes

Introduce Yourself10 minutes

1 pluginTotal 15 minutes

Learner Interest Survey15 minutes

We’ll begin by looking at the operational risk management setup.

What's included

2 videos2 assignments1 discussion prompt

In this module we will look at the tools that operational risk managers use to flag and identify risks.

What's included

3 videos3 assignments1 discussion prompt

In Module 3, we’ll look at how you collect operational risk data to measure and analyze risk. We’ll also look at how you calculate regulatory risk capital requirements for unexpected losses and how to create scenario analyses.