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Operational Risk Management Professional Masterclass

Business

Rating4.6
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Operational Risk Management Professional Masterclass, available at $139.99, has an average rating of 4.58, with 37 lectures, 4 quizzes, based on 260 reviews, and has 1134 subscribers.

You will learn about 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 This course is ideal for individuals who are Young professionals looking to join the Operational Risk field or Senior professionals looking to join the Operational Risk field or Operational Risk officers at any level in their career or Risk professionals looking to take the next step in their career path or Enterprise Risk professionals looking to expand their skills and knowledge in the field or Risk Management tutors, mentors and educators looking to expand their knowledge or Professionals looking to join the Risk consulting and advisory field It is particularly useful for Young professionals looking to join the Operational Risk field or Senior professionals looking to join the Operational Risk field or Operational Risk officers at any level in their career or Risk professionals looking to take the next step in their career path or Enterprise Risk professionals looking to expand their skills and knowledge in the field or Risk Management tutors, mentors and educators looking to expand their knowledge or Professionals looking to join the Risk consulting and advisory field.

Enroll now: Operational Risk Management Professional Masterclass

Summary

Title: Operational Risk Management Professional Masterclass

Price: $139.99

Average Rating: 4.58

Number of Lectures: 37

Number of Quizzes: 4

Number of Published Lectures: 37

Number of Published Quizzes: 4

Number of Curriculum Items: 41

Number of Published Curriculum Objects: 41

Original Price: $139.99

Quality Status: approved

Status: Live

What You Will 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

Who Should Attend

  • 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

Target Audiences

  • 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

Hello colleagues, since you made it to this page, I’m sure you are seeking to master the operational risk management process and help your organization avoid costly risks and navigate successfully through disruptive events.

This masterclass will take you from the very beginning and introductory level to the risk management concept to mastering the risk assessment, evaluation, response, and monitoring and reporting procedures.

This is a comprehensive program and I have split it into 7 modules.

Module 1: introductory level

In this module, you will learn the following:

  • History of operational risk.

  • Actual cases of how the drastic impact of reckless risk management practices or risk management failure can bring down a used-to-be successful organization in no time.

  • Important terminologies and definitions commonly used in risk management (Risk, Reward, Probability, Risk Event, Risk Appetite, Risk Management, Risk Culture, Control environment, and many other key concepts you must know in the Risk Management world.

  • Is Risk a good or a bad thing? and why do we need to manage it?

  • I’ll also give you some practical tips on how to get the best out of any learning experience that you can apply in any learning process to increase information absorption and retention in the long run.

Module 2.1: Risk Management Framework

In this module, you will learn the following:

  • Most common types of risk:

    • Market Risk

    • Credit Risk,

    • Operational Risk

    • Liquidity Risk

    • Strategic Risk

    • ESG Risk

  • The Risk Management framework:

    • Risk Culture

    • Risk Appetite

    • Risk Identification and Assessment

    • Control environment

    • Governance policies and procedures

    • Monitoring and reporting

Module 2.2: The Enterprise Risk Management Program (Breaking down ISO 31000)

In this module, you will learn the following:

  1. Introduction to the holistic approach to a robust Risk management program and the key components of it.

  2. Risk Identification: how to identify existing and potential risks

  3. Risk Analysis: how to analyze and understandhow certain risks can represent different levels of threat to your organization.

  4. Risk Evaluation: the practical and scientific approach to objectively assess the severity of risk using an Impact and Likelihood matrix of a certain risk on your organization

  5. Controls: What is control and how do they impact your inherent and residual risk assessment?

  6. Control Assessment: How to determine the types of control (Preventive, Detective, Directive) and How to assess the control effectiveness?

  7. Risk Response: how to prioritize risksand what are the different approaches to respond to each of the identified risks according to their residual impact and the organization’s Risk Tolerance and Appetite?

  8. Risk Response strategies: understanding various risk mitigation strategies and how and when to implement them including Risk sharing, Risk reduction/control, Risk avoidance, and Risk Transfer

  9. Risk Monitoring and Reporting: How Risk Monitoring is critical to the risk management process the importance of risk reporting and what are the key risk management reports Executive Management and the Board need to seeto better understand the organization’s risk profile.

  10. Understanding the Risk Governance framework

Module 2.3: Key Risk Management Monitoring and Reporting Programs

In this module, you will learn the following:

  1. How to establish the Risk And Control Self-Assessment -RCSA monitoring report

  2. How to establish the Operational Risk Loss Event -ORLE report

  3. How to establish the Key Risk Indicators -KRIs dashboard

  4. How to establish an enterprise-wide Risk profile metric -Risk Heatmap profile

    Module 3: International Risk Governance Standards

In this module, you will briefly learn about the following standards:

  • Basel: What is the Basel Committee? How it was initiated and why?and what are the Basel risk categories?

  • The Committee of Sponsoring Organizations-COSO: What is COSO? Why does it exist? and what is the COSO Framework?

  • ISO 31000 and other risk management-related standards.

Module 4: Performance Boosters

This module I call the Performance Booster Module, this module will help you stand out in the risk management world by providing you with a lot of helpful tips and resourceful guidance to master managing the risk management program.

The resourceful information in this module comes from my 18 years of practical experience leading and navigating through many crises and disasters which you’ll find helpful in your Risk management career and in your day-to-day decision-making process.

In this module, you will learn the following:

  • Why does Risk Management fail? and an actual case studyon what has gone wrong, how, and lessons learned

  • How to establish a robust risk management functionin your organization?

  • How to become a GREAT Risk Managerwhat are the personal and professional traitsyou need to exceland howto acquire those skills to stand out in your career?

Course Curriculum

Chapter 1: Module 1: Introduction

Lecture 1: Introduction

Lecture 2: Tips for best learning experience

Lecture 3: Course outline and agenda

Chapter 2: Risk Management 101

Lecture 1: warm-up and definitions

Lecture 2: Most common types of Risk

Chapter 3: Module 2: The Operational Risk Management Framework

Lecture 1: Risk culture role in the Risk Management Framework

Lecture 2: How to establish a robust ORM program in your organization?

Lecture 3: Risk Identification (Part 1)

Lecture 4: Risk Identification (Part 2)

Lecture 5: Risk Assessment (Part 1) – Risk Analysis

Lecture 6: Risk Assessment (Part 2) – Risk Evaluation 1/2

Lecture 7: Risk Assessment (Part 3) – Risk Evaluation 2/2

Lecture 8: Inherent VS Residual Risk

Lecture 9: Control, control assessment and residual risk (Part 1)

Lecture 10: Control, control assessment and residual risk (Part 2)

Lecture 11: Risk Mitigation Strategies (Part 1)

Lecture 12: Risk Mitigation Strategies (Part 2)

Lecture 13: Risk monitoring and reporting – Introduction

Lecture 14: Risk monitoring and reporting: RCSA P1

Lecture 15: Risk monitoring and reporting: RCSA P2

Lecture 16: Risk monitoring and reporting: RCSA P3

Lecture 17: Risk monitoring and reporting: ORLE report

Lecture 18: Risk monitoring and reporting: KRI Dashboard

Lecture 19: Risk monitoring and reporting: Risk Heatmap

Lecture 20: Risk Governance

Lecture 21: Module 2 Recap: Risk Framework

Chapter 4: Module 3: Managing risk in your organization

Lecture 1: What are the Three Lines of Defense in my organization?

Lecture 2: What is the Risk Management Taxonomy?

Chapter 5: Module 4: Risk Management Standards

Lecture 1: COSO Framework (P1)

Lecture 2: COSO Framework (P2)

Lecture 3: Basel

Lecture 4: ISO 31000

Chapter 6: Module 5: Performance boosters (bonus materials):

Lecture 1: Why Risk Management fails? P1

Lecture 2: Why Risk Management fails? P2

Lecture 3: How to establish a robust risk management function in your organization?

Lecture 4: What Makes a Good Operational Risk Manager? – P1

Lecture 5: What Makes a Good Operational Risk Manager? – P2

Instructors

  • Eslam Eldakrory
    Eslam Eldakrory
    Enterprise Risk and Business Continuity Mgmt. Professional

Rating Distribution

  • 1 stars: 1 votes
  • 2 stars: 4 votes
  • 3 stars: 13 votes
  • 4 stars: 86 votes
  • 5 stars: 156 votes

Frequently Asked Questions


How long do I have access to the course materials?


You can view and review the lecture materials indefinitely, like an on-demand channel.


Can I take my courses with me wherever I go?


Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don’t have an internet connection, some instructors also let their students download course lectures. That’s up to the instructor though, so make sure you get on their good side!

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