Learn Operational Risk Management (ORM) and Enterprise Risk Management (ERM)
Embark on a transformative learning journey with our Operational Risk Management (ORM) and Enterprise Risk Management (ERM) masterclass, designed specifically for professionals who are keen to specialize in the nuances of operational risk within the broader context of enterprise risk management. This course bridges the critical aspects of operational risk management with enterprise-wide risk considerations, following the ISO 31000 framework, to empower you with the skills needed to fortify organizational resilience against various operational threats.
What you’ll learn
- Understand how risk management can be used to support organizations in achieving their objectives.
- Understand the benefits of risk management and its relationship with governance, social responsibility, sustainability, and organizational prosperity.
- Acquire an overview of the global business and risk environment.
- Learn key risk architectures, strategies, and protocols to effectively mitigate organizational risk.
- Understand the role of risk culture, risk appetite, and risk tolerance.
- Explain risk and organizations, including an introduction to corporate governance, project and operational risk management, and supply chain management.
- Acquire a solid understanding of organizational risk management, emerging risks and future developments.
Course Content
- Introduction to this Program –> 4 lectures • 6min.
- Risk Management Fundamentals –> 7 lectures • 33min.
- Enterprise Risk Management Principles and COSO Framework –> 7 lectures • 37min.
- Enterprise Risk Management Framework Elements –> 7 lectures • 36min.
- Risk Assessment – Introduction and Identification –> 8 lectures • 38min.
- Risk Assessment – Risk Analysis and Evaluation –> 5 lectures • 32min.
- Treating and Responding to Risk –> 8 lectures • 40min.
- Completing this Program –> 3 lectures • 3min.
Requirements
Embark on a transformative learning journey with our Operational Risk Management (ORM) and Enterprise Risk Management (ERM) masterclass, designed specifically for professionals who are keen to specialize in the nuances of operational risk within the broader context of enterprise risk management. This course bridges the critical aspects of operational risk management with enterprise-wide risk considerations, following the ISO 31000 framework, to empower you with the skills needed to fortify organizational resilience against various operational threats.
In today’s complex business environment, characterized by rapid technological changes, regulatory challenges, and unforeseen crises like the COVID-19 pandemic, mastering operational risk management is more vital than ever. Our curriculum is meticulously crafted to guide you through the essential strategies, tools, and practices to identify, assess, and mitigate operational risks while also providing insights into integrating these practices within an enterprise risk management framework.
COURSE STRUCTURE
Our program is segmented into six comprehensive modules, each focusing on critical aspects of operational and enterprise risk management:
Module 1: Foundations of Operational Risk Management
Begin with an introduction to operational risk, understanding its impact on organizations, and exploring the foundational principles that guide effective risk management practices.
Module 2: Integrating Operational Risk Management within Enterprise Risk Frameworks
Learn about the synergy between operational risk management and enterprise risk management (ERM), including the application of the COSO framework to operational risks.
Module 3: Operational Risk Management Processes and Practices
Deep dive into the processes and best practices of operational risk management, focusing on risk culture, appetite, and tolerance, and how these elements align with broader ERM strategies.
Module 4: Operational Risk Assessment and Identification
Master the techniques for conducting thorough operational risk assessments, from identifying potential risks to evaluating their impact and likelihood within an organizational context.
Module 5: Analyzing and Evaluating Operational Risks
Advance your skills in risk analysis and evaluation, learning to prioritize risks and explore the upside of risk management in driving organizational growth and resilience.
Module 6: Mitigation and Response Strategies for Operational Risks
Explore comprehensive strategies to respond to and mitigate operational risks, including the application of the 4Ts framework and various risk control techniques tailored to operational challenges.
COURSE FEATURES
✓ Interactive Modules: Engage with dynamic content, including case studies, simulations, and exercises that mirror real-world operational risk scenarios.
✓ Expert Instruction: Benefit from the insights and experiences of seasoned professionals in operational risk management.
✓ Flexible Learning Environment: Access our course from anywhere, at any time, through our state-of-the-art online platform, designed for busy professionals.
✓ Professional Certification: Earn a distinguished certification issued by the Financial Crime Academy that showcases your expertise in operational risk management with an understanding of its importance within the enterprise risk management landscape.
WHO THIS COURSE IS FOR
This program is ideally suited for risk managers, operational managers, compliance officers, and anyone involved in or interested in gaining a deep understanding of operational risk management techniques and their application within an enterprise risk framework.
ENROLL TODAY
Enroll in our Operational Risk Management (ORM) and Enterprise Risk Management (ERM) masterclass today to take a significant step towards becoming an expert in navigating and mitigating operational risks, thereby contributing to the overall resilience and success of your organization.
Important! This course, similar to the Financial Crime Academy’s Certificate in Enterprise Risk Management, is available on Udemy to support FCA’s mission of making professional education more widely accessible. Completion via Udemy grants a certificate of completion only without access to FCA’s platform, support, or a verifiable certificate ID. Courses on Udemy do not count towards FCA’s CAMP, CAIP, or CFCP programs.