Operational Risk Management

Why Attend

This Operational Risk Management (ORM) training program is designed to equip professionals with the knowledge and skills necessary to identify, assess, mitigate, and monitor operational risks effectively within their organizations. Through a comprehensive curriculum, participants will explore the fundamentals of ORM, delve into advanced risk mitigation strategies, and examine the latest trends and technologies in the field. The program combines theoretical knowledge with practical exercises, case studies, and interactive discussions to provide a holistic understanding of ORM and its critical role in sustaining business operations and achieving organizational objectives.

Overview

Course Outline

Schedule & Fees

Course Methodology

Instructor-led training that uses interactive learning methods, including class discussion, small group activities, and role-playing

Course Objectives

Understand the Fundamentals: Grasp the key concepts, definitions, and importance of operational risk management in an organizational context.; Identify and Assess Risks: Employ tools and techniques to identify and assess operational risks effectively.; Implement Mitigation Strategies: Design and implement effective risk mitigation strategies to protect the organization against potential threats.; Monitor and Report Risks: Establish a robust risk monitoring and reporting system to keep stakeholders informed and ensure continuous risk management.; Leverage ORM Technologies: Understand and utilize ORM software and technologies to enhance risk management processes.; Prepare for the Future: Anticipate future trends in ORM and prepare strategies to manage emerging risks.

Target Audience

This training program is intended for a wide range of professionals involved in or responsible for risk management within their organizations, including: Risk Managers and Analysts; Operations Managers; Compliance Officers; Internal Auditors; Financial Officers and Managers; IT Professionals involved in Risk Management; Senior Executives looking to enhance their organization’s risk management capabilities

Target Competencies

n/a

Day 1: Introduction to Operational Risk Management

Overview of Risk Management
Introduction to Operational Risk: Key Concepts and Definitions
Importance of ORM in an Organization
Regulatory Requirements and ORM Frameworks (e.g., Basel Accords)
Implementing an ORM Program: Challenges and Solutions

Day 2: Identifying and Assessing Operational Risks

Tools and Techniques for Risk Identification
Case Studies on Identifying Operational Risks
Qualitative vs. Quantitative Risk Assessment Methods
Risk Measurement Tools (e.g., Key Risk Indicators)
Practical Exercise: Identifying and Assessing Risks in a Scenario

Day 3: Risk Mitigation Strategies and Solutions

Designing Effective Control Measures
Insurance as a Risk Transfer Tool
Technology Solutions for Risk Mitigation
Case Study Analysis: Successful Risk Mitigation
Developing a Risk Mitigation Plan for a Hypothetical Scenario

Day 4: Monitoring, Reporting, and ORM Technologies

Setting Up a Risk Monitoring System
Reporting Operational Risks to Stakeholders
Overview of ORM Software Solutions
Demonstrations of ORM Tools
Integrating Technology into ORM Practices

Day 5: Advanced Topics and Future Trends in ORM

Emerging Risks and Proactive Management
Stress Testing and Scenario Analysis
ORM for Cybersecurity and Information Technology
The Future of ORM: Trends and Predictions

$3875

Doha

Country: Quatar

Duration: One week

Date: 25–29 Aug 2025

$4475

Vienna

Operational Risk Management

Overview

Course Outline

Schedule & Fees

Course Methodology

Course Objectives

Target Audience

Target Competencies

$3875

Country: Quatar

Duration: One week

Date: 25–29 Aug 2025

$4475

Country: Austria

Duration: One week

Date: 18–22 May 2026