Operational Risk Management: Controls, KRIs, and Incident Management, Business Resilience Management for Success.
Sub Category
- Management
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Objectives
- Understand the concept of operational risk and its importance within enterprise risk management
- Explain key operational risk terminology, concepts, and frameworks used in organizations
- Identify major sources of operational risk related to people, processes, systems, and external events
- Understand global ORM frameworks and standards, including Basel guidance and ISO 31000
- Apply governance principles and understand roles, responsibilities, and the Three Lines of Defense model
- Define and interpret risk appetite, tolerance, and thresholds and their role in decision-making
- Identify operational risks using structured techniques such as workshops, interviews, and scenario analysis
- Use operational risk taxonomies for consistent risk classification and reporting
- Assess operational risks using qualitative methods and understand basic quantitative measurement concepts
- Design and interpret Key Risk Indicators (KRIs) and understand how they support early risk detection
- Understand different types of controls and evaluate their effectiveness
- Select appropriate risk mitigation and treatment strategies aligned with organizational objectives
- Monitor operational risks, manage incidents, and apply basic root cause analysis concepts
- Understand operational risk reporting and dashboarding for management oversight
- Gain foundational knowledge of business continuity management and operational resilience
Pre Requisites
- No prior experience in operational risk management is required
FAQ
- Q. How long do I have access to the course materials?
- A. You can view and review the lecture materials indefinitely, like an on-demand channel.
- Q. Can I take my courses with me wherever I go?
- A. Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don't have an internet connection, some instructors also let their students download course lectures. That's up to the instructor though, so make sure you get on their good side!
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