Operational Risk Management Professional Masterclass
What you'll learn
- Understand the origin of Operational Risk and why it is important for organizations' survival and how it evolved over time to serve changing environment.
- Understanding key terms and definitions: including Risk Taxonomy, Risk Appetite, Risk/Reward, Risk Tolerance and many other terms essential in your risk vocab.
- Understanding the key types of risk including: Credit risk, Market risk, operational risk, liquidity risk and Reputational risk
- Breakdown the Risk management process from: Risk Identification, Risk Evaluation and Assessment, Risk Response, Risk Monitoring and Reporting
- Gain in-depth understanding of how to assess the effectiveness of existing controls and how to design effective ones (detective, preventive & reactive controls)
- Gain in-depth understanding of the operational risk framework and how to apply that to your organization
- Understanding what Risk Culture Means and how a robust risk culture should look like to nurture an effective risk practices in the organization
- Deep dive in what an effective Risk Management Program should include key practices and how to effectively establish those practices in your organization
- Understanding the Three Lines of Defense model in effective risk management and how the roles and responsibilities of each line of defense look like and why?
- Gain in-depth understanding of best practices in Risk management including: BASEL, ISO and COSO framework accords
- Understanding what Inherent risk VS Residual risk means and how effective controls contribute to the residual risk severity
- in-depth analysis of the key Risk Mitigation strategies like: Risk acceptance, Risk reduction, Risk sharing, Risk transfer and Risk Avoidance
- Deep-dive into key risk management strategic reports including: RCSA report, Loss event report, KRI metric and Risk Heatmap
- Understanding Why Risk Management fails and the most 7 Common Risk Management Mistakes and How to Avoid Them
- Understanding How to establish a robust risk management function in your organization
- What Makes a Good Operational Risk Manager? and the 8 most respected personal and professional skills that will get you to be a Highly Effective Risk Manager
Requirements
- No previous Risk Management experience needed, this course will start from level 0 to the skill level of a Chief Risk Officer in the ORM field
- No financial or accounting experience needed.
Description
Hello colleagues, since you made it to this page, I'm sure you are seeking to master the operational risk management process and help your organization avoid costly risks and navigate successfully through disruptive events.
This masterclass will take you from the very beginning and introductory level to the risk management concept to mastering the risk assessment, evaluation, response, and monitoring and reporting procedures.
This is a comprehensive program and I have split it into 7 modules.
Module 1: introductory level
In this module, you will learn the following:
History of operational risk.
Actual cases of how the drastic impact of reckless risk management practices or risk management failure can bring down a used-to-be successful organization in no time.
Important terminologies and definitions commonly used in risk management (Risk, Reward, Probability, Risk Event, Risk Appetite, Risk Management, Risk Culture, Control environment, and many other key concepts you must know in the Risk Management world.
Is Risk a good or a bad thing? and why do we need to manage it?
I'll also give you some practical tips on how to get the best out of any learning experience that you can apply in any learning process to increase information absorption and retention in the long run.
Module 2.1: Risk Management Framework
In this module, you will learn the following:
Most common types of risk:
Market Risk
Credit Risk,
Operational Risk
Liquidity Risk
Strategic Risk
ESG Risk
The Risk Management framework:
Risk Culture
Risk Appetite
Risk Identification and Assessment
Control environment
Governance policies and procedures
Monitoring and reporting
Module 2.2: The Enterprise Risk Management Program (Breaking down ISO 31000)
In this module, you will learn the following:
Introduction to the holistic approach to a robust Risk management program and the key components of it.
Risk Identification: how to identify existing and potential risks
Risk Analysis: how to analyze and understand how certain risks can represent different levels of threat to your organization.
Risk Evaluation: the practical and scientific approach to objectively assess the severity of risk using an Impact and Likelihood matrix of a certain risk on your organization
Controls: What is control and how do they impact your inherent and residual risk assessment?
Control Assessment: How to determine the types of control (Preventive, Detective, Directive) and How to assess the control effectiveness?
Risk Response: how to prioritize risks and what are the different approaches to respond to each of the identified risks according to their residual impact and the organization's Risk Tolerance and Appetite?
Risk Response strategies: understanding various risk mitigation strategies and how and when to implement them including Risk sharing, Risk reduction/control, Risk avoidance, and Risk Transfer
Risk Monitoring and Reporting: How Risk Monitoring is critical to the risk management process the importance of risk reporting and what are the key risk management reports Executive Management and the Board need to see to better understand the organization's risk profile.
Understanding the Risk Governance framework
Module 2.3: Key Risk Management Monitoring and Reporting Programs
In this module, you will learn the following:
How to establish the Risk And Control Self-Assessment -RCSA monitoring report
How to establish the Operational Risk Loss Event -ORLE report
How to establish the Key Risk Indicators -KRIs dashboard
How to establish an enterprise-wide Risk profile metric -Risk Heatmap profile
Module 3: International Risk Governance Standards
In this module, you will briefly learn about the following standards:
Basel: What is the Basel Committee? How it was initiated and why? and what are the Basel risk categories?
The Committee of Sponsoring Organizations-COSO: What is COSO? Why does it exist? and what is the COSO Framework?
ISO 31000 and other risk management-related standards.
Module 4: Performance Boosters
This module I call the Performance Booster Module, this module will help you stand out in the risk management world by providing you with a lot of helpful tips and resourceful guidance to master managing the risk management program.
The resourceful information in this module comes from my 18 years of practical experience leading and navigating through many crises and disasters which you'll find helpful in your Risk management career and in your day-to-day decision-making process.
In this module, you will learn the following:
Why does Risk Management fail? and an actual case study on what has gone wrong, how, and lessons learned
How to establish a robust risk management function in your organization?
How to become a GREAT Risk Manager what are the personal and professional traits you need to excel and how to acquire those skills to stand out in your career?
Who this course is for:
- Young professionals looking to join the Operational Risk field
- Senior professionals looking to join the Operational Risk field
- Operational Risk officers at any level in their career
- Risk professionals looking to take the next step in their career path
- Enterprise Risk professionals looking to expand their skills and knowledge in the field
- Risk Management tutors, mentors and educators looking to expand their knowledge
- Professionals looking to join the Risk consulting and advisory field
Instructor
With over 18 years of professional experience and leadership in designing, monitoring, and managing Operational Risks and Business Continuity Management programs with different local and multinational financial institutions in several countries and in various sectors from Banking, Insurance, Leasing, Brokerage, and Mortgage.
During my extended professional career and being a member of the senior leadership team, I was able to build and ensure both the highest business resilience and strategic emergency response and preparedness are effectively embedded into our business processes, operations, critical functions, and our staff to enable us to navigate successfully through emergencies and critical business disruption events.
I'm keen to provide a valuable learning experience through a practical educational approach that combines both lessons learned from professional real-life events and experiences as well as academic up-to-date knowledge.
My academic credential include:
Certificate in Risk and Information Systems Controls-CRISC®
Master in Business Administration-MBA
Chartered Risk Analyst- CRA
Certified Internal Auditor-CIA®
Certificate in Risk Management and Assurance-CRMA®
Certified Business Continuity Professional- CBCP®
ISO 22301 Senior Lead Implementer®
ISO 22301 Certified Trainer
Associate- Life Management Institute-ALMI®
I believe deeply in the value of continuous learning. and I'm deeply passionate about my area of expertise I believe in Steve Jobs’s quote ‘’The Only Way To Do Great Work Is To Love What You Do