Introduction to Operational Risk Management

Course Description:

The Introduction to Operational Risk Management course is designed to provide a foundational understanding of the key concepts and principles behind managing operational risks within an organization. Operational risk arises from failures in internal processes, human error, systems, or external events, and it is critical for businesses to effectively manage these risks to ensure stability and success.

This course covers the essential elements of operational risk management, including the identification of different risk types, the role of an operational risk manager, and how to tackle industry challenges. Whether you are new to the field or seeking to broaden your risk management expertise, this course will equip you with the skills and knowledge to identify, assess, and manage operational risks in various business environments.

Topics Covered:

• Definition of Operational Risk
• Types of Operational Risks:
  • Internal processes
  • Human error
  • System failures
  • External events
• The Role of an Operational Risk Manager
• Key Principles and Importance of Operational Risk Management
• Common Industry Challenges and Trends

This course offers an essential introduction to operational risk management, providing practical examples and case studies to support your learning and ensure you gain hands-on experience in managing risks in real-world settings.