19 - 23 May 2025
London (UK)
Hotel : Landmark Office Space - Oxford Street
Cost : 5250 € Euro
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.
By the end of this training program, participants will be able to:
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.
The program will utilize a variety of instructional methodologies to cater to diverse learning styles, including:
Lectures and Presentations: To introduce concepts and frameworks.
Case Studies and Real-World Examples: To analyze how organizations successfully manage operational risks.
Group Discussions and Q&A Sessions: To facilitate peer learning and deeper understanding of the material.
Practical Exercises: To apply concepts in real-life scenarios, enhancing hands-on learning.
Technology Demonstrations: To showcase the latest ORM tools and software.
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
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