Operational Risk
Our Operational Risk Course will help your employees understand companies' common operational risks, including legal and compliance risk, third-party risk and cyber risk.
It shows learners how operational risk can be conceptualised in terms of cause, consequences and risk events.
The course also covers tools and techniques to identify and analyse risk, as well as the various ways risks can be managed by implementing risk controls.
Learning objectives
- Understand and identify the common operational risks that we face as a Company
- Implement appropriate controls to ensure effective risk management
- Identify the benefits and drawbacks of modelling risk
- Take appropriate action to manage operational risks in their day-to-day role
Welcome
- Learning objectives
- How to complete this course
What is operational risk?
- In the news
- You decide: What type of operational risk is it?
Identifying operational risks
- You decide: Is it an operational risk or not?
- You decide: Whose approach to operational risk?
Understanding cause & effect
Collecting data on operational risks
- Assessing operational risk
- Probability (likelihood)
- Impact (severity)
- You decide: What are the chances of that?
- You decide: What impact would that have on us?
- Calculating the overall score
Methods of measuring operational risk
- Risk maps
Operational risk controls
- The 4Ts Model
- You decide: Controlling operational risks
Monitoring & reporting
- Risk reporting
- Stress testing & scenario analysis
- What are the benefits of scenario analysis?
- Our risk governance framework
The 3LoD model
Best practice for managing operational risk
Scenarios: A done deal
- Scenario 1: Assessing the risks
- Scenario 2: Controlling the risks
- Scenario 3: Better governance
Scenarios: The data breach
- Scenario 1: Assessing the risks
- Scenario 2: Controlling the risks
- Scenario 3: Better governance
