Elements of an Operational Risk Management Program
Course Number: EORMP1
Course Code: n/a
Highlights the benefits of a strong operational risk program and identifies the key components banks should include, regardless of size or location. Provides an introduction to key definitions, types of risks, key risk indicators, monitoring and controlling risks, and identifying emerging trends.
After completing this course, students will be able to:
-Explain the importance of an operational risk management program
-Describe the categories of risks faced by banks
-Identify the key components of an operational risk management framework
-Describe in general the processes used by banks at each of these lifecycle stages:
Audience: Risk and internal audit professionals; third-party service providers and state/federal examiners; first-line risk and operations managers with responsibilities for operational risk management, including implementing, managing, monitoring, reporting, auditing and/or supporting an effective operational risk management program, policies and procedures.