Course description
This course aims to help participants learn how to enhance the operational risk management and resilience capabilities of their organizations. In particular, we focus on how the recent COVID-19 disaster made plain the strategic weaknesses of most organizations insofar as withstanding and responding to surprises.
While the Covid pandemic was, by most accounts, unpredictable, the responses to it varied—often becoming the determining factor in whether an organization survived.
Operational Risk Management & ResilienceCourse addresses these concerns by making operational risk management a strategic, forward-looking undertaking that aims to constantly position and reposition the organization in light of changing internal and external challenges. This approach breeds resilience.
Upcoming start dates
Upcoming start dates
Suitability - Who should attend?
Operational Risk Management & Resilience Training course, is ideal for :
- Heads of Operational Risk
- Enterprise Risk Managers
- Operational Risk Managers
- Operations Managers
- Internal Auditors
- HR officers
- Compliance officers
- Consultants
- Regulators
Outcome / Qualification etc.
At the end of theOperational Risk Management & ResilienceTraining Course, participants will know about:
- Identification of emerging risks
- Risk networks rather than risk registers
- Key elements of counter-terrorism measures and physical security
- Implementing ORM: the invisible framework
- Must-know about cyber security and threats
- How to differentiate and address human errors
- How to use root cause analysis most effectively
- Influencing behaviours for better control
- All best practices in operational risk management for financial companies
- Risk Reporting and Conduct reporting
- Building a framework for risk culture change
- Leading KRIs framework for identification and design
- Scenario analysis and assessment
Training Course Content
Day 1
Defining Modern Operational Risk
- “Classic” notions and definitions
- Modern understanding within COSO and ISO
- Post-COVID demands on Operational Risk Management (ORM)
- Surveys and feedback
- What we can learn from business continuity
- Defining resilience
- Roadmap for the course
Creating a post-COVID, ORM framework:
- Investigating COSO ERM
- Risk management must be practically related to performance and KPI management
- Risk management involves new definitions, concepts and psychological notions
- Risk management must be closely involved with strategy setting and execution
- Risk management is not back-office and reactionary, but board-lead, head-office and forward-looking
Day 2
Technical Aspects: Data
Day 3
Technical Aspects: Creating Resilience
- Develop routines, simple rules and improvisations
- Analyze which tools you need to get different work done (or different critical functions up and running)
- Question assumptions behind routines
- Practice doing more with less
- Deepen knowledge of how work fits in with whole strategy
- Investing building expertise
- Identify priorities
- Learn to give up control
Day 4
Qualitative and Structural Aspects: Governance
Day 5
Putting everything together Basel Checklist:
- Risk culture
- Operational Risk Management Framework
- Board of directors: implementation of operational risk management
- Board of directors: risk appetite
- Senior management
- Identification and assessment of operational risks
- Change management
- Monitoring and reporting
- Control and mitigation
- ICT
- Business continuity
- Disclosure
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London Premier Centre
London Premier Centre is a UK leading training provider based in London and specialises in international short courses. Our inspiring, comprehensive portfolio of more than 400 professional development courses and seminars covers a wide range of professions from Administration, Leadership,...