This course is part of the Risk Management Specialization

4.6
stars
93 ratings

Jack Farmer

4,702 already enrolled

Offered By

Risk Management SpecializationNew York Institute of Finance

About this Course

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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. 
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.

Flexible deadlines

Reset deadlines in accordance to your schedule.

Shareable Certificate

Earn a Certificate upon completion

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Start instantly and learn at your own schedule.

Course 4 of 4 in the

Risk Management Specialization

Beginner Level

Familiarity with financial investments (stocks, bonds, foreign exchange, etc.); basic knowledge of statistics and probability

Approx. 6 hours to complete

English

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What you will 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 will gain

Understand Operational Risk Key Risk Indicators (KRIs)
Understand Operational Risk Scenario Analysis
Calculate Operational Risk Capital

Flexible deadlines

Reset deadlines in accordance to your schedule.

Shareable Certificate

Earn a Certificate upon completion

100% online

Start instantly and learn at your own schedule.

Course 4 of 4 in the

Risk Management Specialization

Beginner Level

Familiarity with financial investments (stocks, bonds, foreign exchange, etc.); basic knowledge of statistics and probability

Approx. 6 hours to complete

English

Could your company benefit from training employees on in-demand skills?

Try Coursera for Business

Instructor

Instructor rating

4.62/5 (27 Ratings)

Jack Farmer

Curriculum Director

New York Institute of Finance

84,213 Learners

13 Courses

Offered by

New York Institute of Finance

The New York Institute of Finance (NYIF), is a global leader in training for financial services and related industries. Started by the New York Stock Exchange in 1922, it now trains 250,000+ professionals in over 120 countries. NYIF courses cover everything from investment banking, asset pricing, insurance and market structure to financial modeling, treasury operations, and accounting. The institute has a faculty of industry leaders and offers a range of program delivery options, including self-study, online courses, and in-person classes. Its US customers include the SEC, the Treasury, Morgan Stanley, Bank of America and most leading worldwide banks.

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Syllabus - What you will learn from this course

Week1

Week 1

1 hour to complete

Getting Started

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.

1 hour to complete

2 videos (Total 3 min), 4 readings

Week2

Week 2

2 hours to complete

Module 01: Operational Risk Management Setup

2 hours to complete

2 videos (Total 19 min)

Week3

Week 3

1 hour to complete

Module 02: Operational Risk Identification Tools

1 hour to complete

3 videos (Total 16 min)

Week4

Week 4

1 hour to complete

Module 03: Operational Risk Measurement and Analysis

1 hour to complete

3 videos (Total 18 min)

Reviews

4.6

19 reviews

5 stars
72.04%
4 stars
18.27%
3 stars
5.37%
2 stars
3.22%
1 star
1.07%

TOP REVIEWS FROM OPERATIONAL RISK MANAGEMENT: FRAMEWORKS & STRATEGIES

by KCSep 4, 2022

Good lectures however a glossary of terms and formulas would hav r been very helpful

by HDNov 19, 2022

Well planned and thoughtful. This would add value in my capacity and understanding as Ops Risk Manager in Financial Institution.

by FFJan 7, 2023

Pretty good summary of operational risk management aspects. Not many classes exist for this topic, so very happy to have found this one!

by IUMay 5, 2022

The course address the essential element of Operational Risk Management in Banking as well as the framework and tools in managing and governing operational Risk

View all reviews

About the Risk Management Specialization

This 4-course Specialization from the New York Institute of Finance (NYIF) is intended for STEM undergraduates, finance practitioners, bank and investment managers, business managers, regulators, and policymakers. This Specialization will teach you how to measure, assess, and manage risk in your organization. By the end of the Specialization, you will understand how to establish a risk management process using various frameworks and strategies provided throughout the program.

Frequently Asked Questions

When will I have access to the lectures and assignments?
Access to lectures and assignments depends on your type of enrollment. If you take a course in audit mode, you will be able to see most course materials for free. To access graded assignments and to earn a Certificate, you will need to purchase the Certificate experience, during or after your audit. If you don't see the audit option:
The course may not offer an audit option. You can try a Free Trial instead, or apply for Financial Aid.
The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.
What will I get if I subscribe to this Specialization?
When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.
Is financial aid available?
Yes. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.

More questions? Visit the Learner Help Center.

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Operational Risk Management: Frameworks & Strategies

About this Course

What you will learn

Skills you will gain