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Operational Risk Management in Banks Course Overview
Operational risk is a critical component of any comprehensive risk management framework. Operational failures can not only lead to large financial losses, but they can also lead to exceedingly damaging reputational harm. This course will give learners the skills and knowledge they need to navigate and apply effective operational risk frameworks, such as those set out by the Basel Committee on Banking Supervision. Learners will define what operational risk is. Using real-life examples of operational risk failures, learners will gain insights into how operational risk can impact financial performance and harm an organization’s reputation, where banks and other financial institutions have been impacted by different operational risk failures. Crucially, learners will practice assigning operational risk events to the seven operational risk categories as defined under the Basel framework.Operational Risk Management in Banks Course Learning Objectives
Upon completing this course, you will be able to:- Define operational risk using the same language as banks and global banking regulators.
- Rank operational risk events based on frequency and impact.
- Give real-world examples from the financial services industry of different types of operational risk failures.
- Categorize operational risk events into categories based on the Basel framework.
