USD 5,040
excl. VATThe Certified Operational Risk Professional (CORP) course is meticulously designed to deepen participants' understanding and practical skills in identifying and managing operational risks in complex business environments. Taught by seasoned professionals with active roles in board committees and directorial positions, this course goes beyond theoretical concepts, focusing heavily on practical applications that reflect real-world challenges. Participants will be immersed in a dynamic learning environment, where they will engage in activities like simulations, detailed case studies, and interactive workshops aimed at identifying risks, analyzing their root causes, and designing effective controls. Instructors will utilize many gamification techniques to ensure participants are effectively capturing the related concepts. This course adopts a thorough approach, integrating the Three Lines Model with a strong emphasis on linking operational risks directly to business objectives. This ensures a strategic alignment that enhances the ability to assess, prioritize, and manage risks effectively. Participants will learn to design and implement comprehensive risk controls and develop robust risk registers as part of their risk management toolkit. The course structure is crafted to not only impart essential knowledge but also refine the skills necessary for professionals to navigate, analyze, and mitigate risks efficiently, making it an invaluable resource for anyone looking to excel in operational risk management.
Demonstrate a comprehensive understanding of operational risk, its impact, and the importance of a risk-aware culture. Apply the Three Lines Model and implement risk assessment frameworks, internal controls, and fraud mitigation strategies to enhance risk management. Monitor, evaluate, and report on risk scenarios, utilizing advanced tools, risk registers, and proactive technologies. Communicate and engage stakeholders on operational risk management, ensuring alignment with regulatory requirements and best practices. Lead and continuously improve risk management strategies, adapting to emerging risks, organizational changes, and compliance standards. Quantitative Risk Management
Operational Risk Officers and Managers
Internal Auditors
Compliance Professionals
Enterprise Risk Managers
Business Continuity and Resilience Teams
Finance, IT, and Control Functions
Candidates for operational risk certification
BK Management Team believe that learning is not only about acquiring technical skills, it is also about learning behaviors & Competencies that are desirable for work in plant operation & maintenance critical dimensions. Our holistic teaching develops our delegates' personal effectiveness to function both as an individual and as a team player. The course delivery & modes of instruction will incorporate theory , practical skills and Q&A sessions. To enhance learning outcomes, theory sessions will comprise classroom based lecture that will intersperse with interactive discussions, scenario-based, case-study, group exercises, video clips, power point slides, learners' Guide and the application of various tools which will be provided to help in the delegates and participants of the learning’s objectives. With successful implementation of the learnt skills they are bound to enhance Individual & Organizational growth. For online / Interactive Virtual sessions, Delegate should have a stable & good Internet connection on his Laptop.
Introduction to Operational Risk
Definition of Operational Risk (per Basel II & ISO 31000)
Types of Operational Risks:
People
Processes
Systems
External Events
Examples of operational failures (case studies)
Importance of Operational Risk Management (ORM)
Role of Operational Risk in Enterprise Risk Management (ERM)
Regulatory Framework and Governance
Basel II / Basel III Guidelines for Operational Risk
Risk Governance Structure
Three Lines of Defense Model
Roles and Responsibilities (Board, CRO, Risk Committee)
Regulatory Expectations (e.g., BCBS, OCC, PRA, EBA)
Risk Culture and Conduct Risk
Operational Risk Framework (ORMF)
Key Components of an ORMF:
Risk Identification
Risk Assessment
Risk Control
Risk Monitoring and Reporting
Building and Implementing an ORMF
Risk Appetite and Tolerance for Operational Risk
Aligning ORM with business strategy
Risk Identification & Assessment
Risk & Control Self-Assessment (RCSA)
Process Mapping and Risk Taxonomies
Control Identification and Design
Key Risk Indicators (KRIs) & Key Control Indicators (KCIs)
Heat Maps and Risk Scoring Methods
Risk Mitigation and Control Strategies
Designing Effective Controls
Control Testing & Assurance Activities
Operational Resilience and Business Continuity Planning
Incident Management & Root Cause Analysis
Scenario Analysis and Stress Testing
Loss Event Data and Risk Quantification
Internal Loss Data Collection and Classification
External Loss Data and Consortia (e.g., ORX)
Operational Risk Capital Modeling (Basic Indicator Approach, Standardized, AMA)
Risk Adjusted Performance Measurement (RAPM)
Linking Risk Data to Business Performance
Tools, Systems, and Technologies
Operational Risk Management Systems (GRC platforms, e.g., Archer, MetricStream)
Automation & AI in ORM
Integration with Cybersecurity & Fraud Risk Tools
Reporting Dashboards and Visualization Tools (e.g., Power BI)
Operational Risk Reporting and Communication
Board and Executive-Level Reporting
Operational Risk Reporting Templates
Escalation Procedures
Communication with Stakeholders and Regulators
Integrating ORM Reports with Enterprise Risk Reports
Emerging Trends and Challenges
Cyber Operational Risk
Third-Party / Vendor Risk Management
ESG and Reputational Risk
Regulatory Technology (RegTech)
AI/ML Risks and Automation Gaps
Case Studies and Practical Applications
Case Study: Barings Bank Collapse
Case Study: Wells Fargo Sales Practices Scandal
Group Exercise: RCSA Workshop Simulation
Mock Risk Assessment and Reporting
USD 5,040
excl. VATDo you have any questions ?
Jubail Industrial City, Saudi Arabia
373 road 112, First Industrial Area, Unit No.: 1 Al Jubail 35717 - 7043 KSA
© 2025 BK Consultancy & Training
All rights reserved.