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Jack Farmer
In the final course from the Risk Management specialization, you will be introduced to the different roles in risk governance and the benefits of establishing an operational risk management program at your own workplace. This course will highlight key elements of an Operational Risk Management framework and help you identify the appropriate elements to incorporate in your own program. By the end of the course, you will be able to capture, report, and investigate operational risk events, produce meaningful key risk indicator (KRI) data and trend analysis, assess organizational risk appetite, and design an Operational Risk Control and Self-Assessment program.
Read more
In the final course from the Risk Management specialization, you will be introduced to the different roles in risk governance and the benefits of establishing an operational risk management program at your own workplace. This course will highlight key elements of an Operational Risk Management framework and help you identify the appropriate elements to incorporate in your own program. By the end of the course, you will be able to capture, report, and investigate operational risk events, produce meaningful key risk indicator (KRI) data and trend analysis, assess organizational risk appetite, and design an Operational Risk Control and Self-Assessment program.
Read more
In the final course from the Risk Management specialization, you will be introduced to the different roles in risk governance and the benefits of establishing an operational risk management program at your own workplace. This course will highlight key elements of an Operational Risk Management framework and help you identify the appropriate elements to incorporate in your own program. By the end of the course, you will be able to capture, report, and investigate operational risk events, produce meaningful key risk indicator (KRI) data and trend analysis, assess organizational risk appetite, and design an Operational Risk Control and Self-Assessment program.
To be successful in this course, you should have a basic knowledge of statistics and probability and familiarity with business operations. Experience with MS Excel and Python recommended.
Register for this course and see more details by visiting:
OpenCourser.com/course/tdrh7b/operational
What's inside
Syllabus
Getting Started
In the final course from the Risk Management specialization, you will be introduced to the different roles in risk governance and the benefits of establishing an operational risk management program at your own workplace. This course will highlight key elements of an Op Risk Management framework and help you identify the appropriate elements to incorporate in your own program. By the end of the course, you will be able to capture, report, and investigate operational risk events, produce meaningful key risk indicator (KRI) data and trend analysis, assess organizational risk appetite, and design an Operational Risk Control and Self-Assessment program.
To be successful in this course, you should have a basic knowledge of statistics and probability and familiarity with business operations. Experience with MS Excel and Python recommended.
Read more
Syllabus
Getting Started
In the final course from the Risk Management specialization, you will be introduced to the different roles in risk governance and the benefits of establishing an operational risk management program at your own workplace. This course will highlight key elements of an Op Risk Management framework and help you identify the appropriate elements to incorporate in your own program. By the end of the course, you will be able to capture, report, and investigate operational risk events, produce meaningful key risk indicator (KRI) data and trend analysis, assess organizational risk appetite, and design an Operational Risk Control and Self-Assessment program.
To be successful in this course, you should have a basic knowledge of statistics and probability and familiarity with business operations. Experience with MS Excel and Python recommended.
Read more
Module 01: Operational Risk Management Setup
We’ll begin by looking at the operational risk management setup.
Module 02: Operational Risk Identification Tools
In this module we will look at the tools that operational risk managers use to flag and identify risks.
Module 03: Operational Risk Measurement and Analysis
In Module 3, we’ll look at how you collect operational risk data to measure and analyze risk. We’ll also look at how you calculate regulatory risk capital requirements for unexpected losses and how to create scenario analyses.
Module 04: Operational Risk Framework and Governance
Module four will cover the management and governance framework of operational risk.
End of Course
Good to know
Good to know
Know what's good ,
what to watch for , and
possible dealbreakers
Suits experienced learners who seek foundational knowledge in operational risk management
Introduces ORC governance and roles
Provides key elements for ORC and assists learners in identifying elements for their own programs
Offers tools and methods for operational risk identification
Guides learners in measuring and analyzing OR data
Assists learners in designing ORC and self-assessment programs
Save this course
Save Operational Risk Management: Frameworks & Strategies to your list so you can find it easily later:
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Activities
Be better prepared
before
your course. Deepen your understanding
during
and
after
it. Supplement your coursework and achieve mastery of the topics covered
in Operational Risk Management: Frameworks & Strategies with these
activities:
Review basic statistics and probability concepts
Show steps
Ensure a strong foundation in statistics and probability, which are essential for operational risk management.
Browse courses on
Statistics
Show steps
-
Review textbooks or online resources on basic statistical concepts.
-
Solve practice problems to reinforce understanding.
Organize and summarize key concepts from course materials
Show steps
Reinforce understanding by actively organizing and summarizing the key concepts covered in the course.
Browse courses on
Operational Risk Management
Show steps
-
Review the course syllabus and identify key topics.
-
Summarize the main points of each topic in your own words.
-
Organize the summaries into a cohesive document.
Read "Operational Risk Management: A Practical Guide" by John Thirlwell
Show steps
Enhance understanding of operational risk management practices through a comprehensive review of a practical guide.
View
FT MAST. Blunden: Mastering Risk Management...
on Amazon
Show steps
-
Read the book thoroughly and take notes for key concepts.
-
Identify and analyze the case studies presented in the book.
-
Apply the knowledge gained to real-world operational risk scenarios.
Four other activities
Expand to see all activities and additional details
Show all seven activities
Explore online resources on operational risk measurement and analysis
Show steps
Supplement classroom learning by seeking out additional resources to deepen understanding of risk measurement and analysis techniques.
Browse courses on
Risk Analysis
Show steps
-
Search for reputable online articles, videos, or tutorials on operational risk measurement.
-
Review the materials and take notes on key concepts and methodologies.
-
Apply the knowledge gained to analyze operational risks in a practical context.
Practice identifying operational risks with case study simulations
Show steps
Apply the knowledge to identify and evaluate operational risks in practical scenarios.
Browse courses on
Operational Risk Management
Show steps
-
Review the case study materials provided by the instructor.
-
Identify and analyze the potential operational risks in the case study.
-
Develop and evaluate mitigation strategies for the identified risks.
Engage in study groups to discuss operational risk management case studies
Show steps
Foster collaborative learning and diverse perspectives by discussing case studies with peers.
Browse courses on
Operational Risk Management
Show steps
-
Form study groups with classmates.
-
Select relevant case studies.
-
Analyze the case studies and prepare for discussions.
-
Participate actively in discussions sharing insights and perspectives.
Design an operational risk control and self-assessment program
Show steps
Demonstrate understanding of operational risk management frameworks by designing a comprehensive control and self-assessment program.
Show steps
-
Research and identify industry best practices for operational risk control.
-
Develop a framework for an operational risk control program tailored to your organization's needs.
-
Create a self-assessment tool to evaluate the effectiveness of the control program.
Review basic statistics and probability concepts
Show steps
Ensure a strong foundation in statistics and probability, which are essential for operational risk management.
Browse courses on
Statistics
Show steps
Show steps
Show steps
- Review textbooks or online resources on basic statistical concepts.
- Solve practice problems to reinforce understanding.
Organize and summarize key concepts from course materials
Show steps
Reinforce understanding by actively organizing and summarizing the key concepts covered in the course.
Browse courses on
Operational Risk Management
Show steps
Show steps
Show steps
- Review the course syllabus and identify key topics.
- Summarize the main points of each topic in your own words.
- Organize the summaries into a cohesive document.
Read "Operational Risk Management: A Practical Guide" by John Thirlwell
Show steps
Enhance understanding of operational risk management practices through a comprehensive review of a practical guide.
View
FT MAST. Blunden: Mastering Risk Management...
on Amazon
Show steps
Show steps
Show steps
- Read the book thoroughly and take notes for key concepts.
- Identify and analyze the case studies presented in the book.
- Apply the knowledge gained to real-world operational risk scenarios.
Four other activities
Expand to see all activities and additional details
Show all seven activities
Explore online resources on operational risk measurement and analysis
Show steps
Supplement classroom learning by seeking out additional resources to deepen understanding of risk measurement and analysis techniques.
Browse courses on
Risk Analysis
Show steps
Show steps
Show steps
- Search for reputable online articles, videos, or tutorials on operational risk measurement.
- Review the materials and take notes on key concepts and methodologies.
- Apply the knowledge gained to analyze operational risks in a practical context.
Practice identifying operational risks with case study simulations
Show steps
Apply the knowledge to identify and evaluate operational risks in practical scenarios.
Browse courses on
Operational Risk Management
Show steps
Show steps
Show steps
- Review the case study materials provided by the instructor.
- Identify and analyze the potential operational risks in the case study.
- Develop and evaluate mitigation strategies for the identified risks.
Engage in study groups to discuss operational risk management case studies
Show steps
Foster collaborative learning and diverse perspectives by discussing case studies with peers.
Browse courses on
Operational Risk Management
Show steps
Show steps
Show steps
- Form study groups with classmates.
- Select relevant case studies.
- Analyze the case studies and prepare for discussions.
- Participate actively in discussions sharing insights and perspectives.
Design an operational risk control and self-assessment program
Show steps
Demonstrate understanding of operational risk management frameworks by designing a comprehensive control and self-assessment program.
Show steps
Show steps
Show steps
- Research and identify industry best practices for operational risk control.
- Develop a framework for an operational risk control program tailored to your organization's needs.
- Create a self-assessment tool to evaluate the effectiveness of the control program.
Career center
Learners who complete Operational Risk Management: Frameworks & Strategies will develop knowledge and skills
that may be useful to these careers:
Operational Risk Manager
Operational Risk Manager
An Operational Risk Manager has the responsibility of developing and managing the implementation of operational risk program for their organization. This role works to identify the sources of risk, as well as the probability that a risk will occur. The Operational Risk Management: Framework & Strategies course will help you get into this role by teaching you the tools and techniques needed to effectively identify, measure, and manage operational risk.
Risk Analyst
Risk Analyst
Risk Analysts are responsible for identifying, assessing, and mitigating various types of risk. This typically involves identifying potential risks and developing strategies to minimize their impact. The Operational Risk Management: Framework & Strategies course can help you succeed in this role by teaching you the frameworks and strategies for identifying and managing operational risks.
Business Analyst
Business Analyst
Business Analysts help organizations improve their performance by optimizing processes and identifying areas for improvement. They may also be responsible for developing and implementing new systems or procedures. The Operational Risk Management: Framework & Strategies course can give you a competitive advantage in this role by teaching you the frameworks and strategies for identifying and managing operational risks.
Financial Analyst
Financial Analyst
Financial Analysts evaluate the financial performance of companies and make recommendations for investment. They may also be responsible for developing and implementing financial models. The Operational Risk Management: Framework & Strategies course can be a valuable asset in this role by teaching you to identify and manage operational risks that may have financial implications.
Compliance Officer
Compliance Officer
Compliance Officers ensure that their organizations are compliant with relevant laws and regulations. They may also be responsible for developing and implementing compliance policies and procedures. The Operational Risk Management: Framework & Strategies course can help Compliance Officers to identify and manage operational risks that could lead to non-compliance.
Auditor
Auditor
Internal Auditors evaluate the effectiveness of an organization's internal controls. They may also be responsible for conducting financial audits or risk assessments. The Operational Risk Management: Framework & Strategies course may provide a helpful foundation for this role by teaching you the frameworks and strategies for identifying and managing operational risks.
Regulatory Affairs Manager
Regulatory Affairs Manager
Regulatory Affairs Managers are responsible for ensuring that their organizations are compliant with relevant laws and regulations. They may also be responsible for developing and implementing regulatory compliance policies and procedures. The Operational Risk Management: Framework & Strategies course can help you to identify and manage operational risks that could lead to non-compliance.
Project Manager
Project Manager
Project Managers are responsible for planning, executing, and closing projects. They may also be responsible for managing project teams and budgets. The Operational Risk Management: Framework & Strategies course may provide a helpful foundation for this role by teaching you the frameworks and strategies for identifying and managing operational risks.
Data Analyst
Data Analyst
Data Analysts collect, analyze, and interpret data to help organizations make informed decisions. They may also be responsible for developing and implementing data analysis models. The Operational Risk Management: Framework & Strategies course may provide a helpful foundation for this role by teaching you the frameworks and strategies for identifying and managing operational risks.
Quality Assurance Manager
Quality Assurance Manager
Quality Assurance Managers are responsible for ensuring that products and services meet quality standards. They may also be responsible for developing and implementing quality assurance policies and procedures. The Operational Risk Management: Framework & Strategies course may provide a helpful foundation for this role by teaching you the frameworks and strategies for identifying and managing operational risks.
Risk Management Consultant
Risk Management Consultant
Risk Management Consultants help organizations identify, assess, and manage risks. They may also be responsible for developing and implementing risk management plans. The Operational Risk Management: Framework & Strategies course can help you succeed in this role by teaching you the frameworks and strategies for identifying and managing operational risks.
For more career information including salaries, visit:
OpenCourser.com/course/tdrh7b/operational
Reading list
We've selected eight books
that we think will supplement your
learning. Use these to
develop background knowledge, enrich your coursework, and gain a
deeper understanding of the topics covered in
Operational Risk Management: Frameworks & Strategies.
Provides a comprehensive guide to operational risk management for financial institutions. It covers the key concepts, frameworks, and tools used in the field. It valuable resource for anyone working in the field of operational risk.
Provides a practical guide to operational risk management for financial institutions. It covers the key concepts, frameworks, and tools used in the field. It valuable resource for anyone working in the field of operational risk.
Save
Provides a guide to operational risk management for regulators. It covers the key concepts, frameworks, and tools used in the field. It valuable resource for anyone working in the field of operational risk.
Save
Provides a guide to operational risk management for auditors. It covers the key concepts, frameworks, and tools used in the field. It valuable resource for anyone working in the field of operational risk.
Provides a guide to operational risk management for risk managers. It covers the key concepts, frameworks, and tools used in the field. It valuable resource for anyone working in the field of operational risk.
Provides a guide to operational risk management for project managers. It covers the key concepts, frameworks, and tools used in the field. It valuable resource for anyone working in the field of operational risk.
Provides a guide to operational risk management for supply chain managers. It covers the key concepts, frameworks, and tools used in the field. It valuable resource for anyone working in the field of operational risk.
Provides a guide to operational risk management for healthcare professionals. It covers the key concepts, frameworks, and tools used in the field. It valuable resource for anyone working in the field of operational risk.
For more information about how these books relate to this course, visit:
OpenCourser.com/course/tdrh7b/operational
Share
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Effort
4 weeks of study, 3-4 hours per week
Level
Introductory
Via
Coursera
Institution
New York Institute of Finance
Instructor
Jack Farmer
Language
English
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آذربایجان دیلی
This course belongs to a
collection
called
Risk Management. It's comprised of three courses:
- Operational Risk Management: Frameworks & Strategies (viewing)
- Market Risk Management: Frameworks & Strategies
- Credit Risk Management: Frameworks and Strategies
Good to know
Suits experienced learners who seek foundational knowledge in operational risk management
Introduces ORC governance and roles
Provides key elements for ORC and assists learners in identifying elements for their own programs
Offers tools and methods for operational risk identification
Guides learners in measuring and analyzing OR data
Assists learners in designing ORC and self-assessment programs
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