This course is an intensive introduction to Operational Risk Management and Mitigation. It is designed to provide a practical “hands-on” approach to participants which will furnish them with all the tools and techniques they need to begin implementing what they have learned almost as soon as they return to the office.
The underlying course philosophy is to move the participants beyond the theoretical national and international compliance requirements for operational risk, and into an understanding of the practice of operational risk management and compliance creating an ability to rapidly and effectively implement these procedures.
Corporate culture has come a long way in the past two decades. Risk is a word that is used more frequently and in more places in all firms today than ever before. The term “operational risk” which was barely heard at all ten years ago is now on everyone’s lips.
Effectively managing a business’s operational risks can dramatically increase an organization’s optimal business performance.
This intensive two-day training program is a practical how-to guide, presenting step-by-step lessons and checklists to help you identify and mitigate operational risks.
Key issues covered in this training program include;
- How operational risk affects the bottom line, shareholder value, reputation and even survival.
- The importance of having an up-to-date inventory of key business processes together with documented controls and designated responsible managers.
- The importance of having a technology inventory with procedures and controls over application integrity, access and data.
The relationship of the operational risk management group with corporate management and other control areas like compliance and internal audit.
This definitive training program on operational risk presents the concepts, the framework and the tools – none of which require substantial investment – to assist your organization successfully manage and diminish operational risk in your business and shows how to embed these tools and techniques as an effective long-term solution.