The Practices and Frameworks in Operational Risk Management course is designed to provide participants with a well-rounded overview of operational risk. Become better prepared to implement meaningful risk assessment initiatives, produce useful risk management information, and understand compliance as well as operational risk capital.

Your purchase of this virtual course includes access to pre-recorded lessons presented by Mayra Rodriguez Valladares and Justin C McCarthy.  Each lesson has an assessment, and there is one set of practice questions and one mock exam. You have the opportunity to ask questions and engage in online discussions with an expert during the course period. Standards and case studies are available on the PRMIA website.

Additionally, this course will help prepare those enrolled in the ORM Certificate Program (after July 14, 2023) to take the certificate exam.  

 Risk Governance

• Introduction
• Governance

 The Risk Management Framework

• Risk Management Framework, Part 1
• Risk Management Framework, Part 2

 Risk Assessment

• Risk Assessment, Part 1
• Risk Assessment, Part 2
• Compliance Risk Framework, Part 1
• Compliance Risk Framework, Part 2

 Risk Information

• Risk Information, Part 1A
• Risk Information, Part 1B
• Risk Information, Part 2
• Risk Information, Part 2

 Risk Modeling and Insurance Mitigation

• Operational Risk Capital
• Insurance Mitigation

 Case Studies

• Case Studies
• Case Studies

This course is appropriate for: 

• Directors of Operational Risk
• Enterprise Risk Managers
• Operational Risk Managers
• Operations Managers
• Internal Auditors
• HR officers
• Compliance Officers
• Consultants
• Regulators
• Risk management professionals with 3-10+ years of experience 

Justin C. McCarthy, ORM, PRM

Justin C. McCarthy is CEO of the Professional Risk Managers International Association (PRMIA). Previously he served as the chair of the Global Board of PRMIA. He has worked in roles in many firms, including Ulster Bank, Bank of America Merrill Lynch, PricewaterhouseCoopers and with the Irish Financial Regulator at the Central Bank of Ireland. This work has allowed him to see the changes in risk management since through and beyond the recent global financial crisis. His work on the PRISM risk-based supervision framework with the Irish Financial Regulator included exposure to banking, funds and insurance risk practices as well as the quantitative work done on the related impact models and the challenge in feeding valid financial data to these models. Justin has a BSc from University College Cork and an MBA from the Michael Smurfit Graduate School of Business at University College Dublin. He completed his Corporate Director Certificate at Harvard Business School.

Mayra Rodriguez Valladares, Managing Principal, MRV Associates, LLC

Mayra's extensive consulting projects have included banks, financial regulators, central banks, securities firms, and insurance companies. Ms. Rodríguez Valladares has written business plans and created financial models for a wide range of companies and has analyzed financial firms’ financial models and stress tests. She also conducts numerous courses on Basel III, Dodd-Frank, financial derivatives, data aggregation, leveraged lending, securitizations, and risk management both in the US and abroad.

Clients have included the CFTC, SEC, FFIEC, Federal Reserve Bank of New York, Morgan Stanley, Credit Suisse, RBC, BNP, SunTrust, Itau, and Union Bank of California. She has worked in the US, UK, Europe, Middle East, Asia, Central and South America, and Africa.