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Operational Risk Management Essentials

This Operational Risk Management Essentials training course provides an overview of operational risk as it applies to firms in the financial services industry. It discusses operational risks, the dangers associated with each and methods for managing operational risk.

Geography Covered: Global | Duration: 20 minutes

Summary

Operational risk is the ‘risk of loss resulting from inadequate or failed internal processes, people and systems, or from external events.’ Reducing operational risk is vital to financial firms as sound operational risk management will improve a firm's efficiency, provide a stable working environment and improve day-to-day working conditions. Operational risk events, however, can have severe consequences for firms and, in the most serious cases, threaten their survival. To avoid these consequences, operational risk management training is crucial.

Recently, there have been several firm in the news that have suffered major financial and reputational damage as a result of operational risk failings. These cases, along with other factors, have caused financial institutions to take a closer look at the various operational risks they face, ranging from information security to business disruptions to employee errors and more.

The topics covered in the course include:

  • What is operational risk?
  • Categories of operational risk
  • Managing risk
  • Business continuity management
  • Employee roles in managing operational risk
    • Operational Risk Management Essentials (Global)
    • Operational Risk Management Essentials (Australia)
  • Like with all our courses, the Operational Risk Managaement training courses are written by experts and powered by world-leading regulatory intelligence, which tracks more than 900 regulators and exchanges globally to ensure the course content is always up to date.

    All our training courses are driven by practical examples and interactive scenarios to ensure users truly understand and recognize the issues of most importance to your business and learn to instinctively act to support them.

    We employ instructional design techniques optimized for risk and compliance training, enabling your business to educate in a way that reduces risk and helps you build a culture of integrity and compliance.

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