Mastering Operational Risk (MAOR)

There is widespread consensus that preceding the 2008 financial crisis, operational risk management has become a focal point to many institutions and industries, although the processes to implement operational risk are still at a grass root level.

The value of understanding operational risk cannot be over emphasized, as operational risk is fundamentally concerned with good management, consistent alertness and continuous improvement to operations.

It’s a value adding activity that impacts, either directly or indirectly on bottom line performance. This interactive presentation will feature in-depth, technical content spread out over 2 days to keep the content at the most engaging level and to facilitate communication between participants and the trainer.

Course Content:

The course content will cover the following key topics:

• Introduction to risk, risk types and operational risk
• Operational risk management frameworks
• Development of a risk management function
• Operational risk identification and evaluation
• Operational risk controls
• Operational risk financing
• Operational risk appetite
• Events and losses
• Key risk indicators
• Operational risk monitoring
• Business Continuity
• Operational risk management models
• Integrated Risk reporting
   

Course Outcome:

Key outcomes from this module that is that participants, will be able to demonstrate knowledge, insights and the ability to engage on components of operational risk management frameworks as well as applying risk management methodologies in practice. Finally, participants will be able to present and clearly articulate operational risk control measures effectively to a range of stakeholders, providing insights, rigorous interpretations and practical solutions to problems.