Operational Risk Management and Resilience

Overview:

Introduction:

In today's complex business landscape, operational risks pose significant challenges to organizations, ranging from financial losses to reputational damage. This training program is designed to provide a comprehensive exploration of operational risk management, equipping participants with the knowledge and skills to identify, assess, and mitigate operational risks effectively. 

Program Objectives:

By the end of this program, participants will be able to:

• Explore operational risk management principles and methodologies thoroughly.

• Identify, assess, and prioritize operational risks effectively.

• Acquire skills in implementing risk mitigation measures and fostering resilience.

• Establish robust risk management frameworks and promote a culture of risk awareness.

• Prepare for operational disruptions and ensure organizational continuity proactively.

Target Audience:

• Risk managers and professionals in operational risk management roles.

• Business continuity managers seeking to enhance understanding of resilience.

• Compliance officers and internal auditors managing operational risks.

• Operational managers and team leaders responsible for implementing risk mitigation measures.

• Professionals aspiring to specialize in operational risk management.

Program Outlines:

Unit 1.

Understanding Operational Risk Management:

• Overview of operational risk management principles.

• Introduction to key concepts and terminology.

• Exploration of common methodologies for assessing operational risks.

Unit 2.

Identifying and Assessing Operational Risks:

• Techniques for identifying and categorizing operational risks.

• Methods for assessing the likelihood and impact of identified risks.

• Prioritization of risks based on significance and potential impact.

• Utilization of risk assessment tools and frameworks.

Unit 3.

Implementing Risk Mitigation Measures:

• Strategies for developing and implementing risk mitigation plans.

• Identification of appropriate risk treatment options.

• Integration of risk mitigation measures into operational processes.

• Monitoring and controlling implemented risk controls.

• Continuous improvement through case studies and successful implementations.

Unit 4.

Establishing Robust Risk Management Frameworks:

• Development of comprehensive risk management frameworks.

• Incorporation of operational risk management into organizational policies and procedures.

• Role of governance structures in supporting risk management efforts.

• How to integrate risk management with other organizational functions.

• Importance of regular review and enhancement of risk management frameworks in collaboration with stakeholders.

Unit 5.

Promoting a Culture of Risk Awareness and Resilience:

• Importance of fostering a culture of risk awareness within organizations.

• Strategies for promoting proactive risk management behaviors among employees.

• Communication techniques for raising awareness about operational risks.

• The role of conducting training programs and awareness campaigns to educate employees about risk management.

• Continuous monitoring and reinforcement of risk awareness initiatives to enhance organizational resilience.