Advanced Operational Risk Management
THIS COURSE HAS BEEN CANCELLED. From risk framework to risk culture, from project risk to cyber risk, this virtual course covers in breadth and depth the most topical elements of operational risk management these days and its challenges for the financial services industry. Eight weekly lessons are divided into 30-minute lectures and supporting activities. Weekly classes open each Tuesday, March 3 - April 21, 2020.
Presented By:
Dr. Ariane Chapelle
Session Length:
8 Lessons, 60 minutes each
Lesson: 2 parts/30 minutes
Course Dates:
cancelled
Time:
Self-paced
| About This Course |
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In this advanced level course, Dr. Ariane Chapelle covers the different risk management frameworks currently used in the industry, highlighting the benefits of new contributions such as the revised ERM COSO framework. She will also discuss the importance of a risk taxonomy that extends to causes, controls and impacts, as well as highlighting the links between various risks for a representation of their interdependence and connectivity, rather than a single list.
Over the period of eight weeks, take a deep dive into operational risk. This course is divided into eight ORM categories, including framework and taxonomy, risk appetite, RCSAs, scenario analysis, KRIs, Projects, IT assessment and cyber risk, and culture and conduct. Each lesson will go in depth and provide examples of each of these different types of operational risk. Your comprehension of the concepts, practices, and uses described in each lesson will be checked with questions and assessments.
Designed and delivered by a world leading expert in the field, the course is a must-have for all the operational risk practitioners wishing to benchmark their practice, and it is a fantastic opportunity for newcomers to gain a comprehensive overview of what modern operational risk managers need to know.
Course scope
- The principal types of operational risks incurred by organizations across industries
- In-depth overview
- Real-life examples
How It Works
Our virtual courses are launched weekly using pre-recorded lectures in right-sized segments. Access lessons any time during the course to view the lecture and participate in learning activities, discussion forums, recommended readings, or submit questions to the instructor. Access to the instructor will conclude one week following the last class, but you can access the course for one full year to further support your learning.
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| Agenda |
| Lesson /Week |
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Topic |
Lesson 1
March 3, 2020
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Framework and Taxonomy for Operational Risk
- Lesson 1.1: Risk Management Frameworks
- Lesson 1.2: Taxonomy
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Lesson 2
March 10, 2020
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Risk Appetite Statements and Tolerance Limits
- Lesson 2.1: Risk Appetite Structure
- Lesson 2.2: Risk Appetite & Framework consistency
- Lesson 2.3: Risk Appetite and reality checks
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Lesson 3
March 17, 2020
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A Modern Representation of Risk & Control Self Assessments (RCSA)
- Lesson 3.1: Modern RCSA
- Lesson 3.2: Control Design and Testing
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Lesson 4
March 24, 2020 |
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Scenario Analysis: Simple Method for Quantifying Rare Events
- Lesson 4.1: Scenario identification
- Lesson 4.2: Scenario assessment
- Lesson 4.3: Scenario validation
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Lesson 5
March 31, 2020 |
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Six Steps to Define and Design Preventative KRIs
- Lesson 5.1: KRIs: Identifying causal factors
- Lesson 5.2: Four types of preventive KRIs
- Lesson 5.3: Designing and reporting on KRIs
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Lesson 6
April 7, 2020 |
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Operational Risk Management for Projects
- Lesson 6.1: ORM for Projects
- Lesson 6.2: Essentials of project management
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Lesson 7
April 14, 2020 |
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Information Security Assessment and Essentials of Cyber Protection
- Lesson 7.1: Information security risk Assessment
- Lesson 7.2: Information security risk mitigation
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Lesson 8
April 21, 2020 |
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Conduct and Culture: Measurement and Management
- Lesson 8.1: Conduct & Culture
- Lesson 8.2: Conduct & Culture Behaviors
- Lesson 8.3: Conduct & Culture: Case Studies
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Session Descriptions
| Who Should Attend |
Heads of Operational Risk; Enterprise Risk Managers; Operational Risk Managers; Internal Auditors; Compliance officers; Consultants; Regulators; Team members who have taken one of our ORM courses and/or passed the ORM exam and are looking for advanced level training.
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| About Our Expert |
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ARIANE CHAPELLE, PhD, is Associate Professor (Honorary Reader) at University College London for the course "Operational Risk Measurement for Financial Institutions," she is a Fellow of the Institute of Operational Risk, and a trainer for PRMIA, for whom she designed the Certificate of Learning and Practice in Advanced Operational Risk Management.
She is a former holder of the Chair of International Finance at the University of Brussels. She has been active in operational risk management since 2000 and is a former head of operational risk management at ING Group and Lloyds Banking Group.
Dr. Chapelle runs her own training and consulting practice in risk management. Her clients include Tier 1 financial organizations and international financial institutions.
Her textbook Operational Risk Management: Best Practices in the Financial Services Industry, published by Wiley in December 2018, is already a best seller, ranking up to #3 on Amazon UK and up to # 1 in Amazon.com new releases of financial risk management books.
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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 Options
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| Course |
Membership Pricing |
Registration Link |
| Full Series - 8 Lessons |
$699 - Non Member
$649 - Contributing
$599 - Sustaining/ RIM |
Register Now |
Lesson 1: Framework and Taxonomy for Operational Risk
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$99 - Non Member
$89 - Contributing
$79 - Sustaining/ RIM |
Register for Lesson 1 |
Lesson 2: Risk Appetite Statements and Tolerance Limits
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$99 - Non Member
$89 - Contributing
$79 - Sustaining/ RIM |
Register for Lesson 2 |
Lesson 3: A Modern Representation of Risk & Control Self Assessments (RCSA)
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$99 - Non Member
$89 - Contributing
$79 - Sustaining/ RIM |
Register for Lesson 3 |
Lesson 4: Scenario Analysis: Simple Method for Quantifying Rare Events
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$99 - Non Member
$89 - Contributing
$79 - Sustaining/ RIM |
Register for Lesson 4 |
| Lesson 5: Six Steps to Define and Design Preventative KRIs |
$99 - Non Member
$89 - Contributing
$79 - Sustaining/ RIM |
Register for Lesson 5 |
| Lesson 6: Operational Risk Management for Projects |
$99 - Non Member
$89 - Contributing
$79 - Sustaining/ RIM |
Register for Lesson 6 |
Lesson 7: Information Security Assessment and Essentials of Cyber Protection
|
$99 - Non Member
$89 - Contributing
$79 - Sustaining/ RIM |
Register for Lesson 7 |
| Lesson 8: Conduct and Culture: Measurement and Management |
$99 - Non Member
$89 - Contributing
$79 - Sustaining/ RIM |
Register for Lesson 8 |
| Register your Team |
Contact us for
special pricing |
Email [email protected] |
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