Operational Risk Management in Financial Institutions

$799.00

Why a certification in Operational Risk

Operational risk management for the financial services industry has evolved into a well-recognized, highly demanded discipline over the past 20 years. The Basel Committee on Banking Supervision (BCBS) established mandatory capital requirements for operational risk in 2001, and the discipline has progressed and developed enormously since then. Besides holding capital, regulated entities need to adopt sound practices for the management of operational risk. These practices have become more sophisticated and detailed between their first publication in 2003 and the most recent update in March 2021.

The financial services industry now needs recognized standards and objective qualifications criteria to select operational risk managers who can uphold sound operational risk management principles and measure their impact.

Why should you attend?

Designed and delivered by leading experts in the field, the ORM Certification course provides the knowledge and references that professionals need to enter, manage and lead the operational risk discipline in financial services. The qualified trainers, course content and related exams help professionals acquire and demonstrate the skills and ability to execute their function effectively and gain professional recognition in the field.

Upon completion of the training course, you can take the relevant exam and apply to be ‘PECB Certified Operational Risk Manager’. You can choose one of three exams. Candidates can select the coverage and examination required to obtain the certification at ORM Foundation (2-day course), Operational Risk Manager (3-day course) and Operational Risk Lead Manager levels (5-day course).

These qualifications will give you exceptional knowledge and increase your professional standing in the market.

Who should attend?

• Chief risk officers
• Heads of operational risk
• Risk directors, risk managers, risk officers and risk analysts
• Business line managers in charge of managing their risks
• Senior managers and managers who seek guidance on operational risk management
• Compliance officers
• Internal auditors
• Regulators
• Consultants
• Students and professionals interested in advancing their careers in operational risk management

Learning objectives

• Understand the regulatory requirements and best practices of operational risk management in the financial services
• Learn how to establish and operate an operational risk management framework in the context of a financial organization
• Understand the approaches, methods, and tools to identify, assess, mitigate, and monitor operational risk in the financial services industry
• Understand core components of the course curriculum, including ORM framework, regulatory context, risk appetite, risk assessment, incident data collection, key risk indicators, risk culture, scenario analysis, capital assessment, and reputation risk.

Prerequisites

A fundamental understanding and interest in the basis of risk management