Operational Risk Management (ORM): A Practical, Step by Step Guide to Risk Measurement and Management

Description

Operational Risk Management (ORM) is a crucial skill in today’s dynamic business environment, where managing risks effectively can be the difference between success and failure. This course offers a comprehensive exploration of ORM, tailored for professionals across various sectors.

The course begins with “Introduction to Operational Risk Management,” providing you with a solid foundation and understanding of ORM’s principles. “Risk Identification and Assessment” equips you with the tools to spot potential risks and assess their impact accurately.

In “Risk Measurement and Quantification,” delve into the analytical side of ORM, learning to quantify risks and their potential outcomes. “Risk Mitigation Strategies” focuses on developing and implementing plans to minimize identified risks.

“Loss Prediction, Prevention, and Control” shifts the focus to proactive measures, teaching you how to anticipate and prevent potential losses. “Risk Financing and Risk Transfer” introduces financial strategies to manage the cost of risks, including insurance and other transfer mechanisms.

“Emerging Risks and Industry-Specific Considerations” keeps you ahead of the curve, addressing the unique and evolving risks in different industries. In “Operational Risk Measurement Framework,” learn to establish a structured approach to managing risks in your organization.

“Risk Reporting and Communication” is essential in ORM, ensuring that risk-related information is effectively communicated across the organization. Finally, “Case Studies and Practical Applications” provide real-world scenarios and applications, cementing your understanding of ORM in a practical context.

This course is CPDQE accredited, which serves as an impactful mechanism for skill enhancement. 

Continuing Professional Development (CPD) stands as a crucial, widely acknowledged method that aids individuals, organisations, and entire industries in staying current with their skills and knowledge.

CPD not only facilitates the elevation of global standards and benchmarks, aligning with the growing forces of globalisation and consumer expectations but also transforms learning into a deliberate and proactive process. It motivates professionals to uphold a consistently high level of performance and demonstrates their unwavering commitment to a specific job role or profession.

Course Curriculum