Operational Risk Management (ORM) Training Spring 2021

Starts:  Jan 23, 2021 9:00 AM (ET)
Ends:  Jan 30, 2021 5:00 PM (ET)

The final class registration day will be closed on January 18th, 2021 at 11:45 pm. No exceptions are made.

" Please register for this class using private email address (gmail, yahoo, aol, hotmail address) and not your organizations's email address. Many organizations block emails with attachments and block webex links"


Dates and Times: All times are New York time (Eastern Standard Time). Please click here to check time and date in your location. 


Saturday, January 23rd, 2021  9:00 AM to 5:00 PM EST
Saturday, January 30th, 2021  9:00 AM to 5:00 PM EST

Prerequisite: Experienced or inexperienced operational risk professionals


Benefits of this class: Provides training to help candidates to understand Operational Risk Management


Instructor: Jay Ranade, CISA, CISM, CRISC, CGEIT, CISSP, ISSAP, HCISPP, CIA, CRMA, CBCP® 


Who should attend:

Professionals
interested in learning about operational risk control objectives,
controls, methodologies, and risk management from HR, IT, process
management, business units, senior management, CRO’s office, ORM office,
internal audit, big 4, and ORM consultants.


Course Modules

What Problem Does This Training Help Solve?

Provides training on operational risk assessment, management, risk mitigation, risk acceptance, risk management methodologies, modeling, stress testing, KRIs, KCIs, BASEL II, BASEL III, and many other aspects of operational risk management

Who Should Attend?

Professionals interested in learning about operational risk control objectives, controls, methodologies, and risk management from HR, IT, process management, business units, senior management, CRO’s office, ORM office, internal audit, big 4, and ORM consultants.

Course Material:

Content‐rich manual/course handouts consisting of about 270 foils

COURSE DESCRIPTION:

This course evaluates operational risk exposures relating to the organization's governance, operations and information systems, in relation to: (a) Operational risk Governance (b) risk and control assessment (c) events and losses (d) indicators. Based on the results of the risk assessment, the student will be able to evaluate the adequacy and effectiveness of how risks are identified and managed and to assess other aspects such reporting, risk modeling, stress test, scenarios, business continuity, disaster recovery, insurance, internal audit, outsourcing risk, people risk, reputational risk, and strategic risk, communication of risk and control information within the organization in order to facilitate a good governance process.

OBJECTIVES OF THE COURSE:

The objective of the course is to develop professionals with an in‐depth understanding of the “Operational Risk Management” so that they will be able to provide necessary management skills regarding to provide assurance that:

ORM Internal controls are in place and are adequate to mitigate the risks,

Governance processes are effective and efficient, and

Organizational goals and objectives are met.

COURSE OUTLINE:

  • What is operational risk‐ old definition and new definition of BIS/BASEL II
  • BASEL II ‐ Risk from people, failed processes, failed systems, and external events
  • Outside BASEL II‐ strategic risk, reputational risk, 95 types of risks
  •  Operations risk vs. operational risk
  •  Business case‐ BASEL II capital requirements for OR
  •  Reserves, capital, and insurance based on L and I factors
  •  ORM Framework‐ Governance, ORM policy, risk appetite, R&R for ORM
  •  Setting up timeline for ORM – from project to a program
  •  Risk and control assessment‐ risk owners, control owners
  •  Events and losses‐ data collection, data reporting, external loss databases, near misses, BASEL II classification
  • Indicators‐ KRIs, KCIs, thresholds, targets, dashboards, leading and lagging indicators, periodicity
  • Reporting‐ styles, know the audience, dashboard reporting
  • ORM modeling‐ distributions, correlations, internal and external data, confidence level, capital Modeling, qualitative modeling
  • Eight business areas of BASEL II and seven types of ORM risks
  • Stress tests and scenarios analysis ‐ practical scenarios, near death experience, Gaussian curve, Outside 3‐standard deviations, Mandelbrot’s Chaos, black swan event, fat tail
  • Business continuity‐ process, applications, infrastructure, service delivery
  • Insurance
  • Three lines of ORM defense‐ management, oversight, and audit
  • Auditing ORM
  • ORM from outsourcing
  • People risk
  • Reputational risk
  • System failure risk‐ IT DR
  • BASEL II and BASEL III considerations
  • OR and ERM 2017 (COSO FW)
  • ORM, Dodd Frank, and FSOC’s OFR
  • ORM and systemic risk


CPE Credits: 14              Capacity: Webinar - 15 people.


Refund Policy:  80% refund on or before December 31 st 2020. Refund must be requested in writing and will not be accepted after the said date.20% will be charge for Administration and handling for cancellation request.


Very Important:

  • CPE credits can be applied toward each ISACA designation that is held. Full CPE credits will be awarded only if all sections of Exam Preparation classes have been attended. 
  • Webinar sessions are not being recorded - it's a live broadcast.
  • Webinar access instructions are provided 5 days prior to the first day of class.
  • For webinar attendees, you can also test if you are able to connect to the gotowebinar website by following the instructions here: http://bit.ly/1JvcdSy

Location

Online Instructions: