Operational Risk Management & Mitigation

Course Description

This course will help you explore the best current practice in operational risk management. You will learn how to identify and prevent the occurrence of risks in the business context, assess risk appetite within your organisation, set up the most effective risk management framework as well as strategies for risk monitoring and reporting. In this Operations Risk Management and Mitigation training course, you’ll work through the proactive approach to both sides of risk: threats and opportunities. The approach applies a proven six-step methodology of risk planning through to identification, analysis and control.

The training course is based on the latest PMBOK 6th edition and also applies the principals of ISO 31000:2009, “Risk Management - Principles and Guidelines” and ISO 31010:2009, “Risk Assessment Techniques”.

What Do Participants Learn?

• Develop an overview of the Risk Management Process
• Learn to identify risks that affect operational safety, time, cost and quality
• Apply useful techniques to identify, analyse and mitigate risks throughout the operations life-cycle
• Learn about the most effective strategies for managing operational risk
• Understand specific risks in financial institutions and their impact on operational efficiency
• Learn how to create an effective risk monitoring plan and risk management strategies
• Use a practical, six-step process to manage operations risks
• Develop a risk management budget based on Expected Monetary Value (EMV)

Who Should Attend?

This course is designed for existing Risk Management Professionals (both beginners & intermediate) who want to enhance their risk management knowledge & skills.

• Financial Officers 
• Risk Officers 
• Internal Auditors 
• Operational Risk Managers 
• Staff with roles and responsibilities in operational risk in risk management departments, businesses, and central departments

What Will the Learning Experience Include?

Phase: 1

Introduce

• Comprehensive pre-program activities include:
• Web-based information forms & surveys completed by attendee.
• Direct consultation with the attendee about the expectations.

• During the training, participants engage in data, activities, and conversations that lead to insight and knowledge.
• Participants learn from expert trainers who have both academic and business experiences.
• Highly applicable training content & instructive activities for adding depth to training topics.
• **A half-day site visit for integrating the experience & plan next steps. Opportunities to provide connections, ideas & support.

Phase: 2

Explore & Practice

Phase: 3

Apply

• Apply & sustain the learning experience by using this ongoing support:
• To ensure participant has new skills or behavior progress.
• Optional, fee-based mentoring & coaching with the trainer.
• Training materials & additional documents (e-books, pdf files, presentations and articles)

• Evaluate your training experience by giving us feedbacks and help us to reach our organizational goals.
• Participant's Evaluation
• Trainer's Evaluation

Phase: 4

EVALUATE