Complete Enterprise & Operational Risk Management Bootcamp from Udemy

Embark on a transformative learning journey with our Operational Risk Management (ORM) and Enterprise Risk Management (ERM) masterclass, designed specifically for professionals who are keen to specialize in the nuances of operational risk within the broader context of enterprise risk management. This course bridges the critical aspects of operational risk management with enterprise-wide risk considerations, following the

In today's complex business environment, characterized by rapid technological changes, regulatory challenges, and unforeseen crises like the COVID-19 pandemic, mastering operational risk management is more vital than ever. Our curriculum is meticulously crafted to guide you through the essential strategies, tools, and practices to identify, assess, and mitigate operational risks while also providing insights into integrating these practices within an enterprise risk management framework.

COURSE STRUCTURE

Our program is segmented into six comprehensive modules, each focusing on critical aspects of operational and enterprise risk management:

Module 1: Foundations of Operational Risk Management

Begin with an introduction to operational risk, understanding its impact on organizations, and exploring the foundational principles that guide effective risk management practices.

Module 2: Integrating Operational Risk Management within Enterprise Risk Frameworks

Learn about the synergy between operational risk management and enterprise risk management (ERM), including the application of the COSO framework to operational risks.

Module 3: Operational Risk Management Processes and Practices

Deep dive into the processes and best practices of operational risk management, focusing on risk culture, appetite, and tolerance, and how these elements align with broader ERM strategies.

Module 4: Operational Risk Assessment and Identification

Master the techniques for conducting thorough operational risk assessments, from identifying potential risks to evaluating their impact and likelihood within an organizational context.

Module 5: Analyzing and Evaluating Operational Risks

Advance your skills in risk analysis and evaluation, learning to prioritize risks and explore the upside of risk management in driving organizational growth and resilience.

Module 6: Mitigation and Response Strategies for Operational Risks

Explore comprehensive strategies to respond to and mitigate operational risks, including the application of the 4Ts framework and various risk control techniques tailored to operational challenges.

COURSE FEATURES

✓ Interactive Modules: Engage with dynamic content, including case studies, simulations, and exercises that mirror real-world operational risk scenarios.

✓ Expert Instruction: Benefit from the insights and experiences of seasoned professionals in operational risk management.

✓ Flexible Learning Environment: Access our course from anywhere, at any time, through our state-of-the-art online platform, designed for busy professionals.

✓ Professional Certification: Earn a distinguished certification issued by the Financial Crime Academy that showcases your expertise in operational risk management with an understanding of its importance within the enterprise risk management landscape.

WHO THIS COURSE IS FOR

This program is ideally suited for risk managers, operational managers, compliance officers, and anyone involved in or interested in gaining a deep understanding of operational risk management techniques and their application within an enterprise risk framework.

ENROLL TODAY

Enroll in our Operational Risk Management (ORM) and Enterprise Risk Management (ERM) masterclass today to take a significant step towards becoming an expert in navigating and mitigating operational risks, thereby contributing to the overall resilience and success of your organization.

Important. This course, similar to the Financial Crime Academy's Certificate in Enterprise Risk Management, is available on Udemy to support FCA's mission of making professional education more widely accessible. Completion via Udemy grants a certificate of completion only without access to FCA's platform, support, or a verifiable certificate ID. Courses on Udemy do not count towards FCA's

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Examines operational risk management and enterprise risk management synergy, which is standard in the risk management industry

Provides professional certification in operational risk management from the Financial Crime Academy, which increases learners' credibility in the field

Course includes case studies, simulations, and exercises, which enhances learners' practical skills in risk management scenarios

Teaches the COSO framework for operational risks, ensuring learners stay up-to-date with industry best practices

Provides flexible learning, which may appeal to busy professionals seeking to expand their risk management knowledge

Completion grants a certificate only without access to the provider's platform, support, or verifiable certificate ID. This may be a dealbreaker for learners seeking more comprehensive certification options

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 Complete Enterprise & Operational Risk Management Bootcamp with these activities:

Review Basic Financial Management Concepts

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Reviewing these concepts can help you better understand how operational risk fits within the broader financial context of a business.

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Read a book or article on financial management fundamentals
Attend a workshop or online course on financial management
Review your previous coursework or study materials on financial management

Review Operational Risk Management Frameworks

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Review the foundational principles and frameworks for operational risk management to strengthen your understanding before starting the course.

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Read articles and whitepapers on operational risk management frameworks
Review industry best practices and standards for operational risk management

Review Operations Management Basics

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Reinforce your understanding of basic operations management concepts to set a strong foundation for your learning in this course.

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Review notes or textbooks from a previous operations management course.
Revisit online resources covering operations management principles.

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Attend a Workshop on Enterprise Risk Management

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Attending a workshop can provide you with an in-depth understanding of enterprise risk management frameworks and their application to operational risk management.

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Find a workshop on enterprise risk management that is relevant to your interests
Attend the workshop and actively participate in the discussions
Take notes and ask questions to clarify your understanding
Follow up with the workshop organizers or speakers if you have any further questions

Explore ERM Frameworks with Online Tutorials

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Enhance your understanding of ERM frameworks by following structured tutorials that guide you through their components and applications.

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Identify reputable online resources or platforms offering tutorials on ERM frameworks.
Select a tutorial that covers the specific framework relevant to your course.
Follow the tutorial's instructions and complete the exercises or assessments provided.

Complete Tutorials on Operational Risk Assessment Techniques

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These tutorials will give you hands-on practice in applying operational risk assessment techniques, helping you develop a deeper understanding of the process.

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Find a series of tutorials on operational risk assessment techniques
Follow the tutorials step-by-step
Complete the exercises and assignments included in the tutorials
Review your results and identify areas where you need further improvement

Participate in a Study Group on Operational Risk Management

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Discussing and sharing knowledge with peers can help you reinforce your understanding of operational risk management and gain valuable insights from others' experiences.

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Form a study group with other students taking this course or professionals in the field of operational risk management
Meet regularly to discuss course material, share knowledge, and work on projects
Take turns leading discussions and presenting on different topics related to operational risk management

Conduct Operational Risk Assessments

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Develop hands-on experience in conducting operational risk assessments to practice identifying, evaluating, and mitigating risks.

Browse courses on Risk Identification

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Gather data and information relevant to the operational context being assessed.
Identify potential risks using various techniques, such as brainstorming or scenario analysis.
Analyze the identified risks based on their likelihood and impact.
Evaluate the effectiveness of existing risk controls and develop recommendations for improvement.

Develop a Risk Mitigation Plan for an Operational Risk

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Creating a risk mitigation plan will force you to think critically about operational risks and develop strategies to mitigate them, reinforcing your understanding of the concepts.

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Identify an operational risk that is relevant to your organization or industry
Analyze the risk and assess its potential impact
Develop a plan to mitigate the risk
Implement the plan and monitor its effectiveness

Develop an Operational Risk Management Plan

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Apply your knowledge by creating a comprehensive ORM plan to demonstrate your ability to integrate operational and enterprise risk management principles.

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Define the scope and objectives of the ORM plan.
Identify and assess operational risks relevant to your organization.
Develop and implement strategies and controls to mitigate identified risks.
Establish a monitoring and reporting system to track and evaluate the effectiveness of the ORM plan.
Regularly review and update the ORM plan based on changing risk landscape and organizational needs.

Career center

Learners who complete Complete Enterprise & Operational Risk Management Bootcamp will develop knowledge and skills that may be useful to these careers:

Operational Risk Manager

Operational Risk Managers identify, assess, and mitigate risks within an organization's operations. Knowledge of risk management principles and tools is essential for success as an Operational Risk Manager. By taking a course that covers these topics, you can build a strong foundation and prepare yourself for a successful career in this field.

See salaries and explore the career path for Operational Risk Manager

Enterprise Risk Manager

Enterprise Risk Managers oversee risk management across an entire organization. They work with business units to identify and assess risks, develop risk mitigation plans, and monitor risk exposures. This course can help you gain the knowledge and skills needed to become an effective Enterprise Risk Manager.

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Risk Analyst

Risk Analysts identify, assess, and quantify risks for businesses. They use a variety of tools and techniques to evaluate risks and develop mitigation plans. This course can help you develop the skills needed to succeed as a Risk Analyst, including risk assessment, risk analysis, and risk mitigation.

See salaries and explore the career path for Risk Analyst

Compliance Manager

Compliance Managers ensure that organizations comply with all applicable laws and regulations. They work with management to develop compliance policies and procedures, and they monitor compliance on an ongoing basis. This course can help you gain the knowledge and skills needed to become a successful Compliance Manager.

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Internal Auditor

Internal Auditors evaluate an organization's internal controls and processes to ensure that they are operating effectively and efficiently. They also provide recommendations for improvements. This course can help you develop the skills needed to succeed as an Internal Auditor, including risk assessment, auditing, and reporting.

See salaries and explore the career path for Internal Auditor

Financial Analyst

Financial Analysts evaluate the financial performance of companies and make recommendations for investments. They use a variety of tools and techniques to analyze financial data and make investment decisions. This course can help you develop the skills needed to succeed as a Financial Analyst, including financial analysis, valuation, and investment management.

See salaries and explore the career path for Financial Analyst

Management Consultant

Management Consultants help organizations improve their performance. They work with clients to identify areas for improvement, develop solutions, and implement change. This course can help you develop the skills needed to succeed as a Management Consultant, including problem-solving, communication, and project management.

See salaries and explore the career path for Management Consultant

Investment Banker

Investment Bankers help companies raise capital and advise them on mergers and acquisitions. They use a variety of tools and techniques to analyze financial data and make investment decisions. This course can help you develop the skills needed to succeed as an Investment Banker, including financial analysis, valuation, and investment management.

See salaries and explore the career path for Investment Banker

Insurance Underwriter

Insurance Underwriters assess the risk of issuing insurance policies and determine the appropriate premiums to charge. They use a variety of tools and techniques to evaluate risk and make underwriting decisions. This course can help you develop the skills needed to succeed as an Insurance Underwriter, including risk assessment, underwriting, and insurance policy analysis.

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Actuary

Actuaries use mathematical and statistical techniques to assess risk and develop insurance and pension plans. They work with insurance companies, pension funds, and other financial institutions to develop and manage risk management programs. This course can help you develop the skills needed to succeed as an Actuary, including risk assessment, financial analysis, and statistical modeling.

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Operations Research Analyst

Operations Research Analysts use mathematical and statistical techniques to solve complex problems in business and industry. They work with businesses to improve efficiency, reduce costs, and make better decisions. This course can help you develop the skills needed to succeed as an Operations Research Analyst, including mathematical modeling, optimization, and simulation.

See salaries and explore the career path for Operations Research Analyst

Business Analyst

Business Analysts help organizations improve their business processes. They work with stakeholders to identify areas for improvement, develop solutions, and implement change. This course can help you develop the skills needed to succeed as a Business Analyst, including problem-solving, communication, and project management.

See salaries and explore the career path for Business Analyst

Data Analyst

Data Analysts collect, clean, and analyze data to help organizations make better decisions. They use a variety of tools and techniques to analyze data and identify trends. This course can help you develop the skills needed to succeed as a Data Analyst, including data analysis, data visualization, and statistical modeling.

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Software Engineer

Software Engineers design, develop, and maintain software applications. They use a variety of programming languages and tools to create software that meets the needs of users. This course may be useful for Software Engineers who want to learn more about risk management and how to apply it to software development.

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Project Manager

Project Managers plan, organize, and execute projects. They work with stakeholders to define project goals, develop project plans, and manage project resources. This course may be useful for Project Managers who want to learn more about risk management and how to apply it to project management.

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