Operational Risk Management | 22 hours Training
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( InternationalUSA-United States )
Operational Risk Management [Course Id:3400]
Training Method:E-Learning Course Duration:22 Hours
Demo Class:Yes, Demo Available Course Access:12 Months
Placement:No Placement Support Certificate:Certificate Provided
Booking Status:Open for Booking Course Discount:Rs.0.00 discount


Course Information

KESDEE is the world’s largest financial e-Learning company. KESDEE's e-learning solutions are relevant for the providers of financial services, as well as for users, regulators and advisors of financial services.

KESDEE's e-learning catalog consists of 750 accredited e-Learning courses on various topics such as Banking, Finance, Accounting, Insurance, Risk Management, Financial Planning and Wealth Management.

Yet5.com is an Authorized channel Partner of KESDEE Inc.

Operational Risk Management (Course - Overview)

Course Overview

Changes in markets, techniques, technologies, and products have altered the landscape of Operations and fueled the explosive development of Operational Risk management. The regulators of financial and public companies are demanding a far greater level of disclosure and awareness by directors about the risks they manage and the effectiveness of the controls they have in place to reduce or mitigate these risks. There is also a greater realization that a major source of earnings volatility can be attributed to the way a firm operates and not financial risk. All these changes have triggered the need for an efficient Operational Risk Management system in organizations.

Learning Objective

»  A framework and methodology for measuring and modeling Operational Risk
»  How to identify, analyze, measure and manage risks by employing models and methodologies
»  Various softwares offered by vendors for Operation Risk Management

Target Audience

Every professional involved in the global financial services industry (as a provider, user, regulator or advisor of product/services, marketplace/exchange) would benefit from KESDEE’s innovative solutions.

»  Supervisory Agencies
»  Central Banks
»  Financial Institutions
»  Commercial Banks
»  Investment Banks
»  Housing Societies/Thrifts
»  Mutual Funds
»  Brokerage Houses
»  Stock Exchanges
»  Derivatives Exchanges
»  Insurance Companies
»  Multinational Corporations
»  Accountancy Firms
»  Consultancy Firms
»  Law Firms
»  Rating Agencies
»  Multi-lateral Financial Institutions
»  Others

Course Details

1. Introduction to Operational Risk

This course introduces the concept of Operational Risk. It helps the user to have a broad understanding of:
»  Significance of operational risk
»  Operational risk management programs
»  Addressing operational risk
»  Measuring and modeling operational risk
Duration: 1 hour

2. Basic concepts

This course discusses events that trigger losses in firms due to operational loss events: It helps the user understand:
»  Loss events
»  Risk factors, loss types and event/ factor controllability
»  Dependencies between risk factors and events
»  Attribution of loss
Duration: 1 hour

3. Regulatory treatment of Operational Risk under Basel II

This course covers the Basel Committee on Banking Supervisions Working Paper on the Regulatory Treatment of Operational Risk. It helps the user understand:
»  Rationale for an operational risk charge
»  Basic indicator approach
»  Standardized approach
»  Advanced measurement approach
»  Analysis of quantitative impact survey result
»  Role of Pillars 2 and 3
Duration: 1.5 hours

4. Operational risk in various banking sectors

This course highlights various changes in the banking sector that have created operational risk scenarios. It helps the user understand:
»  Spectrum of risks in banking sector
»  Risk synergy in the context of retail banks
»  Structural risk management
»  Accounting policies, costing and pricing models
»  Operational risk in private banking sector
Duration: 1 hour

5. Operational risk in insurance

This course introduces operational risk aspects in insurance. It helps the user understand:
»  Risks exclusive to insurance
»  Regulatory issues and its impact
»  Alternative risk transfer and finite risk
»  Captive insurance companies
Duration: 1 hour

6. Developing objectives and identifying risks

This course emphasizes the need to have a well defined scope and process for identification of risk factors in operational risk management. It helps the user understand:
»  Risk management agenda and targets
»  Risk management organization and policies
»  Benchmarking internal processes and resources
»  Identifying process and resource risks
»  Identifying risk factors
»  Identifying and categorizing loss events
Duration: 1.5 hours

7. Estimating potential losses - Data

This course illustrates various methods of estimating potential loss data. It helps the user understand:
»  General measurement techniques
»  Historical analysis
»  Subjective risk assessment
Duration: 1 hour

8. Estimating potential losses - Loss distributions

This course describes various forecasting models used in estimating the potential risk factors. It helps the user understand:
»  Probability distributions
»  Building a distribution
»  Estimating risk factors
»  Choosing an event distribution
»  Operational Risk database
Duration: 1 hour

9. Analyzing risks

This course deals with risk analysis as a part of operational risk management. It helps the user understand:
»  Risks aggregation
»  Monte Carlo loss simulation
»  Risk management alternatives
»  Analyzing risky processes and resources
»  Analyzing risk factors
Duration: 1 hour

10. Loss prediction and prevention

This course explains how loss prevention is more effective than loss reduction. It helps the user understand aspects such as:
»  Loss prediction
»  Loss prevention
»  Process reengineering and work restructuring
»  Product redesign and automation
»  Human factors engineering
»  ERP and reliability maintenance
Duration: 1 hour

11. Loss control

This course examines various loss control measures. It helps the user understand:
»  Diagnostic controls and Inventory management
»  Redundant systems and boundary systems
»  Computer security and physical security management
»  Internal and external audit
Duration: 1 hour

12. Loss reduction and risk avoidance

This course elaborates on the methods used in loss reduction and how risk avoidance is used as a risk mitigation method. It helps the user understand the following concepts:
»  Legal risk reduction and loss isolation
»  Contingency planning
»  Redundant systems and boundary systems
»  Crisis management
»  Risk avoidance
»  Quality management phases
»  Organizational design, culture and relationship management
Duration: 1 hour

13. Risk financing

This course presents basics of risk financing and its advantages and disadvantages. It also helps the user understand the following approaches to risk financing:
»  Financial restructuring
»  Asset-Liability Management
»  Corporate diversification
»  Insurance
»  Self-Insurance
»  Hedging using derivatives
»  Contractual risk transfer
Duration: 1 hour

14. Measurement framework

This course gives an insight into how a framework enables the management to identify and classify risks and take appropriate action. It helps the user understand:
»  ORM cycle
»  Framework criteria and assumptions
»  Current framework approaches
»  Measurement process for ORM
»  Delta and EVT methodologies
Duration: 1 hour

15. ORM in practice

This course analyzes the current operational risk management practices. It helps the user understand the following aspects in an ORM practice:
»  Learning and response loops
»  Guidelines for effective reporting
»  Event reports and Operational profiles
»  Risk reports
»  Evaluating and updating the risk model
»  Implementing bank-wide ORM
Duration: 1 hour

16. Enterprise - wide Risk Management (ERM)

This course is aimed at signifying the role and importance of an enterprise-wide risk information system. It helps the user understand:
»  Enterprise-wide risk information systems
»  Challenges to ERM
»  Project Management for an ERM system
Duration: 1 hour

17. Basic and causal models

This course discusses various models in operational risk management. It helps the user understand:
»  Top-down risk models
»  Bottom-up risk models
»  Selecting a risk model
»  Causal models
Duration: 1 hour

18. Legal risk and taxation rules

This course ascertains the impact of legal risk and taxation rules on an organization and methods of mitigating them. It helps the user understand aspects such as:
»  Issues in contract enforcement
»  Board of directors and shareholder activism
»  Management responsibility for legal risk
»  Transparency
Duration: 1 hour

19. E-banking

This course discusses the operational risk aspects of electronic banking. It helps the user understand:
»  Security risks in e-banking operations
»  Systems design, implementation, and maintenance flaws
»  Customer misuse of products and service
Duration: 1 hour

20. Systems and software

This course gives the user an idea of operational risk system and its components. It also helps to understand:
»  Operational risk software
»  Some of the software in the market
Duration: 1 hour

21. Case study- Barings

This course gives an insight into what lead to the collapse of Barings. It helps the user understand:
»  overview of the case
»  How the massive losses were incurred
»  Lessons to be drawn from the incident
Duration: 1 hour

» Global best practices
» Measurement tools
» Disclosures
» Policy template


Trining Provided in


Additional Information

For any business it is essential to identify, assess and manage the risks facing them. Be it credit risk, market risk or any other financial risk, all risks need to be tackled with varied degrees of diligence. These courses on risk management build a solid foundation for identifying, measuring and managing various types of risks


Course Fees & Discounts
Course Fee:[?]This is Regular course Fees without any discounts.Rs.13500.00 Provider Discount:[?]It's discount amount offered by Trainer Provider (KESDEE Inc).Rs.0.00
Final Amount:[?]This is Final Course fee after deducting the discount amount of Rs.0.00 from Actual Course Fee of Rs.13500.00Rs.13500.00

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