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Operational Risk Management (ORM): A Practical, Step by Step Guide to Risk Measurement and Management
By LearnDrive UK
(1)- 30 Day Money Back Guarantee
- Completion Certificate
- 24/7 Technical Support
Highlights
On-Demand course
1 hour
All levels
Description
This course at a glance
Accredited by CPDQE
Grasp the fundamentals of Operational Risk Management (ORM).
Identify and assess risks effectively in diverse settings.
Quantify and measure risks using advanced methodologies.
Implement robust risk mitigation and prevention strategies.
Navigate the complexities of risk financing and transfer.
Stay ahead with insights on emerging risks and industry-specific considerations.
Apply a structured framework for ORM.
Communicate risk findings and strategies effectively within an organization.
Operational Risk Management (ORM) is a crucial skill in today’s dynamic business environment, where managing risks effectively can be the difference between success and failure. This course offers a comprehensive exploration of ORM, tailored for professionals across various sectors.
The course begins with “Introduction to Operational Risk Management,” providing you with a solid foundation and understanding of ORM’s principles. “Risk Identification and Assessment” equips you with the tools to spot potential risks and assess their impact accurately.
In “Risk Measurement and Quantification,” delve into the analytical side of ORM, learning to quantify risks and their potential outcomes. “Risk Mitigation Strategies” focuses on developing and implementing plans to minimize identified risks.
“Loss Prediction, Prevention, and Control” shifts the focus to proactive measures, teaching you how to anticipate and prevent potential losses. “Risk Financing and Risk Transfer” introduces financial strategies to manage the cost of risks, including insurance and other transfer mechanisms.
“Emerging Risks and Industry-Specific Considerations” keeps you ahead of the curve, addressing the unique and evolving risks in different industries. In “Operational Risk Measurement Framework,” learn to establish a structured approach to managing risks in your organization.
“Risk Reporting and Communication” is essential in ORM, ensuring that risk-related information is effectively communicated across the organization. Finally, “Case Studies and Practical Applications” provide real-world scenarios and applications, cementing your understanding of ORM in a practical context.
Accredited by
This course is CPDQE accredited, which serves as an impactful mechanism for skill enhancement.
Continuing Professional Development (CPD) stands as a crucial, widely acknowledged method that aids individuals, organisations, and entire industries in staying current with their skills and knowledge.
CPD not only facilitates the elevation of global standards and benchmarks, aligning with the growing forces of globalisation and consumer expectations but also transforms learning into a deliberate and proactive process. It motivates professionals to uphold a consistently high level of performance and demonstrates their unwavering commitment to a specific job role or profession.
Course Curriculum
Module 1 Introduction to Operational Risk Management
Module 2 Risk Identification and Assessment
Module 3 Risk Measurement and Quantification
Module 4 Risk Mitigation Strategies
Module 5 Loss Prediction, Prevention, and Control
Module 6 Risk Financing and Risk Transfer
Module 7 Emerging Risks and Industry-Specific Considerations
Module 8 Operational Risk Measurement Framework
Module 9 Risk Reporting and Communication
Module 10 Case Studies and Practical Applications
Frequently Asked Questions
Do you offer free certificate?
Yes, we offer free PDF Certificate upon course completion. Here is an example certificate that you will get after completing your course.
Is this course accredited?
Yes, this course is accredited by CPDQE.
Who is CPD for?
Continuing Professional Development (CPD) is a practice embraced by countless individuals across diverse industries and professions. Typically, professional organisations and institutes mandate CPD requirements, often specifying a specific number of annual CPD training hours.
In recent decades, the dedication to CPD has transcended the confines of traditional sectors and UK-based institutions, gaining global recognition and acceptance.
Why do you need CPD?
Continuing Professional Development (CPD) stands as a crucial, widely acknowledged method that aids individuals, organisations, and entire industries in staying current with their skills and knowledge.
CPD not only facilitates the elevation of global standards and benchmarks, aligning with the growing forces of globalisation and consumer expectations but also transforms learning into a deliberate and proactive process. It motivates professionals to uphold a consistently high level of performance and demonstrates their unwavering commitment to a specific job role or profession.
Can you tell me about CPD Points, hours and credits?
The majority of institutions and professional organisations establish Continuing Professional Development (CPD) goals, typically on an annual basis. These objectives are determined by accumulating CPD activities, which include participating in training courses, eLearning programs, events, and other structured learning experiences.
Most professional bodies employ CPD hours as their primary metric, and when CPD points or credits are utilised, they are typically in a direct 1:1 correlation with CPD hours. In simpler terms, one CPD point equates to one CPD hour.
About The Provider
LearnDrive UK
Ashford
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