Management

Training Course: Certified Operational Risk (COR)


Register Now
Quick Inquiry
Discount Group Download Brochure (36)

MA235293

13 - 17 Jan 2025

Madrid (Spain)

Hotel : Pestana CR7 Gran Vía

Cost : 5250 € Euro

Introduction

Master the art of safeguarding your organization's future with our intensive 5-day Certified Operational Risk (COR) training program. Whether you're a risk management professional seeking the prestigious COR certification or simply aiming to build robust operational risk mitigation strategies, this program empowers you with the knowledge, skills, and tools to proactively identify, assess, and control the ever-evolving threats faced by any organization. Join us to dive into the heart of operational risk management, gain practical expertise, and become a valuable asset in securing your organization's success.

 

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

 

Objectives

  • Equip participants with a comprehensive understanding of operational risk management (ORM) frameworks and best practices.
  • Develop skills in identifying, assessing, and mitigating operational risks across an organization.
  • Gain practical knowledge of tools and techniques for effective ORM implementation.
  • Prepare participants for the COR certification exam.

 

Training Program Outline

 

Day 1: Introduction to Operational Risk

  • Definition and scope of operational risk: Exploring the key aspects of operational risk and its distinction from other risk types.
  • Regulatory landscape: Understanding the regulatory requirements and expectations for operational risk management.
  • Impact of operational risk: Examining the potential financial, reputational, and legal consequences of operational failures.
  • Operational risk management framework: Introducing a structured approach to managing operational risks, including identification, assessment, mitigation, monitoring, and reporting.

Day 2: Risk Identification and Assessment

  • Risk taxonomy: Developing an understanding of different categories of operational risks (e.g., people, process, systems, external).
  • Data collection and analysis: Utilizing various data sources (e.g., incident reports, internal audits, external benchmarks) to identify operational risks.
  • Risk assessment methodologies: Applying qualitative and quantitative techniques to assess the likelihood and impact of identified risks.
  • Key risk indicators (KRIs): Establishing and monitoring KRIs to track the effectiveness of risk management controls.

Day 3: Risk Mitigation and Monitoring

  • Risk mitigation strategies: Exploring various tools and techniques for preventing or reducing operational risks (e.g., controls, training, scenario analysis).
  • Cost-benefit analysis: Evaluating the feasibility and effectiveness of different risk mitigation options.
  • Control framework design: Implementing a system of controls to manage identified risks within acceptable tolerances.
  • Risk monitoring and reporting: Establishing processes for continuous monitoring of risks and reporting to stakeholders.

Day 4: Advanced Topics in Operational Risk

  • Risk culture and governance: Understanding the importance of risk culture and effective governance in managing operational risks.
  • Emerging risks: Identifying and addressing new and evolving operational risks, such as cyber threats and climate change.
  • Capital allocation and risk appetite: Setting risk appetite and allocating capital based on risk assessments.
  • Operational risk modeling: Utilizing quantitative models to assess and manage complex operational risks.

Day 5: Deep Dive and Implementation Strategies

  • Industry Insights: Discover best practices and challenges specific to your industry.
  • Emerging Issues: Stay ahead of the curve with future threats and trends.
  • Scenario Planning & Testing: Build resilience through stress testing simulations.
  • Risk Communication & Reporting: Master effective communication with stakeholders.
  • ORM Implementation Roadmap: Chart a personalized course for successful implementation within your organization.

Management

Training Course: Certified Operational Risk (COR)


Register Now
Quick Inquiry
Discount Group Download Brochure (36)

MA235293

13 - 17 Jan 2025

Madrid (Spain) - Pestana CR7 Gran Vía

Hotel : Pestana CR7 Gran Vía

Cost: 5250 € Euro


  About Madrid

Madrid is a city that combines its enduring history with its cosmopolitan atmosphere to create a destination that favored amongst tourists from around the world. This is a city that is very much bursting at the seams with life and its vibrant atmosphere, cultural attractions and connection with history ensure travelers have everything they could possibly want from a European city break. At the end of a flight to Madrid, there are sites to see, picturesque streets to roam and, of course, excellent shopping opportunities to explore. Visitors can immerse themselves in Madrid's fantastic local culture, its peerless art scene and world acclaimed fine dining. In fact, there is very little that Madrid doesn't have to offer.


  Things to do and places to visit in Madrid

The only problem travelers will encounter during their visit to Madrid is knowing what to do first. Sampling the mouth-watering tapas, strolling through one of the many excellent museums or even simply soaking up the atmosphere are all excellent options. Spend a sunny day wandering through the splendid squares or marvel at the intricate architecture of the churches.With so many options, flights to Madrid are great for people of any age or inclination.

When visiting Madrid, be sure to:

  • See the superb collection of art is the Museo del Prado.
  • Stroll down the Gran Via.
  • Enjoy the atmosphere of the Plaza Mayor.
  • Wander through the stunning gardens of the Parque del Buen Retiro.
  • See the beautiful mansion of the Museo Lazaro Galdiano.
  • Find quirky fashions in the Fuencarral market.
  • Try some of the many different tapas dishes.
  • Visit the statues of Don Quixote and Sancho Panza in the Plaza de Espana.
  • See the breathtaking Basilica de San Francisco El Grande.
  • Wander the Casa de Campo park, which is five times the size of Central Park.
  • Shop in the luxury boutiques of the Golden Mile.
  • Look for bargains at the El Rasto flea market.
  • See Picasso's Guernica in the Reina Sofia museum.
  • Snack on churros with chocolate.
 22 Portman Square, Marylebone, London W1H 7BG, UK
 3 Oudai street, Aldouki, Giza, Giza Governorate, Egypt
 0020233379764
 00201095004484
 00201102960555
 00201102960666
 19 Mayıs Mahallesi, 19 Mayis Street No 2 Sisli, 34360 Istanbul/Turkey
 00905357839460
 Australia Street, Raouche Beirut, Lebanon .، Beirut, Lebanon
 0096181746278
 811 Massachusetts Avenue, Boston, Massachusetts, 02118, USA
 6 Beirut Street - Fifth Circle Abdoun, P.O. Box 831370, 11183 Amman, Jordan
Copyright Global Horizon Training Center © 2019