Operational Risk Manager Certificate Prep Virtual Training

Operational Risk Manager Certificate Prep Virtual Training
PRMIA Certificate Prep Course! 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 Operational Risk Manager Certificate. This course includes eight weeks of virtual learning. The self-paced virtual lessons are released each Monday, September 9 - October 28, 2019.


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Agenda Course Experts CRL Credits


Presented By:

Mario Mosse
President, MMosse Consulting, LLC


Course Period:
September 9 - November 3, 2019
Instructor Access:
September 9 - November 10, 2019


Virtual Training

Session Length:

Eight 90-minute lessons

About This Course

The PRMIA ORM Certificate Prep Training 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 training includes access to eight pre-recorded sessions presented by Mario Mosse, copies of presentations, lesson assessments, and two practice exams. You have the opportunity to ask questions and engage in online discussions with the instructor during the course period. Standards and case studies are available on the PRMIA website. The ORM Handbook and exam authorization require a separate purchase.

 Week   Start Date Topic
 Week 1 
 September 9

 Lesson 1: 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
 Week 2
 September 16 

 Lesson 2: Risk Management Framework

  • Components of a risk management framework
  • Risk capacity
  • Stress testing and simulation
  • Risk appetite; Risk Policies, Risk Pricing; Risk Culture

 Week 3
 September 23

 Lesson 3: 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

 Week 4  September 30  Lesson 4: 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
 Week 5  October 7

 Lesson 5: 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
 Week 6  October 14 

 Lesson 6: 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
 Week 7  October 21

 Lesson 7: 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
 Week 8  October 28

 Lesson 8: Case Studies and Exam Preparation

  • This final session covers several case studies to illustrate the consequences of major failures in risk management and internal control. We also recap the material covered in the entire series, answer questions not previously addressed, and go over the preparation process for taking the exam.

Who Should Attend

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 

About Our Expert

  Mario Mosse is the President of MMosse Consulting, LLC, a company that provides risk management advice and training to the financial services industry. Mr. Mosse has significant experience in the areas of enterprise risk management, regulatory compliance, internal audit and project management at major financial services companies. He also has extensive knowledge of U.S. and international financial services and products (retail and corporate banking, securities brokerage, investment banking, asset management and life insurance), as well as risk management and internal control frameworks such as Basel III, Solvency II, and COSO. Previously, Mr. Mosse was with Prudential Financial, Inc. for 18 years where he was in charge of the company’s operational risk management program. Prior to that, he was the Chief Internal Control Officer for Prudential Securities and Vice President, Management Internal Control of Prudential Investments. Prior to joining Prudential, Mr. Mosse spent 19 years with The Chase Manhattan Bank, N.A. where he was in charge of risk management and compliance for the Corporate Finance Sector, South America Regional Audit Executive, and Vice President, General Auditing.

Continued Risk Learning Credits: 14

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].

 Membership Type Price
 Sustaining, Corporate, and RIM Members $ 599
 Contributing Member $ 649
 Non Member $ 699

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9/9/2019 - 11/3/2019
Virtual Training
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