Key Elements in Managing Operational Risk

This course sets out a step-by-step approach covering the fundamental steps required to identify, manage, and mitigate.

4.63 (4 reviews)
Udemy
platform
English
language
Other Finance & Economic
category
15
students
1.5 hours
content
Nov 2020
last update
$49.99
regular price

What you will learn

Discover the processes used in the management of operational risk.

Identify the different types of operational risks.

Explore the methods used in identifying and evaluating the different operational risks.

Explore critical issues such as risk analysis, risk appetite, probability, impact, the risk mitigation process, prioritization and risk management responsibilities.

Description

This course sets out a step-by-step approach covering the fundamental steps required to identify, manage, and mitigate operational risks. We cover key aspects of operational risk management including critical issues such as risk analysis, risk appetite, probability, impact, risk mitigation process, and prioritization.

Inadequate or failed internal processes, people and systems or external events are the key “risk drivers” in operational risk. These “risk drivers” are exceptionally wide-ranging and cover virtually every element of the operations in all forms of business and other organizations.

As our source we draw on the financial industries approach to operational risk management as defined in the Basel Accords. The Basel view, from the definition to the process and principles used, is in the presenter's view, the most succinct way of presenting a practical interpretation of operations risk management that is easily replicated for other business and operational entities.

The effective management of all operational risks is a major component of an organization’s risk management strategy.

This course is brought to you by Illumeo. Illumeo, incorporated in 2009, is revolutionizing the hide-bound world of corporate learning. Illumeo works with corporate professionals and organizations of all sizes to build the skills and capabilities that help everyone be an expert at their job. Based in Silicon Valley, CA, Illumeo serves thousands of corporations and corporate professionals across Finance, Accounting, Human Resources, Sales and Marketing. The platform offers assessments, industry-benchmarked competency analyses, hundreds of expert-developed courses, collaborative tools, and the ability for companies to self-publish internal courses that promote institutional knowledge retention and dissemination. Illumeo is the place for expertise management and we are dedicated to the proposition that everyone can be an expert at their job.

Content

Introduction

Introduction to Key Elements in Managing Opertional Risk
Examples of Operational Risk
How Operational Risk is Classified
Managing Operational Risk
Determining the Risk Appetite
Determining Which Risk Response is Best
Prioritizing the Risks
Implementing the Risk Response
Roles & Responsibilities in Managing Operational Risk
Operational Risk Controls

Supporting Materials

Slides: Key Elements in Managing Operational Risk
Key Elements in Managing Operational Risk Glossary/Index

Review and Test

Review Questions
FINAL EXAM

Screenshots

Key Elements in Managing Operational Risk - Screenshot_01Key Elements in Managing Operational Risk - Screenshot_02Key Elements in Managing Operational Risk - Screenshot_03Key Elements in Managing Operational Risk - Screenshot_04

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Related Topics

1445124
udemy ID
11/24/2017
course created date
4/19/2021
course indexed date
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