ORM Certificate Exam Prep
The Operational Risk Manager Certificate Prep virtual training is designed to cover all elements of a comprehensive operational risk management program and to prepare participants to obtain the PRMIA ORM Certificate. This course includes self-paced pre-recorded lessons and a mock exam. Join us September 20 - November 14, 2022.
Dates
Course Period:
September 20 - November 14, 2022
Lessons Launch: Tuesdays beginning September 20
Instructor Access: Sep 20 - Nov 21, 2022
Course Access: Through Dec 19, 2022
Time:
Self-paced
Presented by:
Mayra Rodriguez Valladares,
Managing Principal, MRV Associates, LLC
Duration:
Average 1 hour per lesson
6 lessons, plus mock exam
| About This Course |
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The PRMIA ORM Certificate Prep course is designed to prepare participants to take the ORM Certificate exam. The ORM Certificate is a deep, practical understanding of operational risk management frameworks and measurement methodologies in financial institutions. Become better prepared to implement meaningful risk assessment initiatives, produce useful risk management information, and understand basic modeling techniques for operational risk measurement.
Your purchase of this virtual course includes access to pre-recorded lessons presented by Mayra Rodriguez Valladares, Managing Principal, MRV Associates, LLC. 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.
The ORM Handbook and exam authorization require a separate purchase.
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| Agenda |
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Lesson/Topic |
September 20
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Risk Governance
- Overview of the Operational Risk Manager (ORM) Certificate program
- Introduction to the current regulatory environment
- The role of risk management
- The origins and principles of risk governance
- Roles and responsibilities, risk reporting, and major elements of the risk framework
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September 27
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Risk Management Framework
- Components of a risk management framework
- Risk capacity
- Stress testing and simulation
- Risk appetite; Risk Policies, Risk Pricing; Risk Culture
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October 4
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Risk Assessment, Part I
- Overview of Risk Assessment
- Risk assessment lifecycle
- Risk assessment approaches
- Risk scenarios or ‘top down’ assessments
- Process models or bottom-up assessments
- How to apply a heat map to link scenarios and processes
Risk Assessment, Part II
- Control assessments
- Identifying and tracking operational risk issues
- Residual risk
- Risk assessment of new and expanded products and third-party services
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| October 18 |
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Risk Information, Part I
- Operational risk events and the capturing and analysis of data on expected and unexpected loss events
- Operational risk events and managing the investigation: Loss data collection; Loss quantification; Boundary issues; Use of external loss data
Risk Information, Part II
- The place and advantage of Key Risk Indicators (KRI) in risk management
- KRI approaches and what makes an effective KRI
- Define leading, lagging, and current indicators
- Understand the interdependence of KRIs
- How to integrate KRI selection and use across the organization
- Describe the steps to a KRI framework
- Data sources, workflows/processes, and reporting as part of operational risk management
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| November 1 |
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Risk Modeling and Insurance Mitigation
- Quantitative elements of operational risk
- Compare different approaches and how to allocate capital for operational risk
- Use of insurance to mitigate risk and obtain capital relief
- Describe the mapping of risk types to insurance coverage
- Qualification criteria for insurance mitigation
- Calculation of capital relief
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| November 8 |
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Case Studies
- This final session covers several case studies to illustrate the consequences of major failures in risk management and internal control.
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| December 19, 2022 |
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Course Access Ends |
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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
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| About Our Expert |
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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.
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| Continued Risk Learning Credits: 8 |
PRMIA Continued Risk Learning (CRL) programs provide you with the opportunity to formally recognize your professional development, documenting your evolution as a risk professional. Employers can see that you are not static, making you a highly valued, dynamic, and desirable employee. The CRL program is open to all Contributing, Sustaining, and Risk Leader members, providing a convenient and easily accessible way to submit, manage, track and document your activities online through the PRMIA CRL Center. To request CRL credits, please email [email protected].
| Registration |
| Membership Type |
Price |
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| Sustaining, Corporate, and RIM Members |
$474 |
| Non-Member |
$699 |
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