Operational Risk Management | US and UK Markets

Gain a practical understanding of operational risk management in financial institutions with a focus on the US and UK regulatory environments. This course introduces the principles, frameworks, and assessment methods used to identify, analyze, and evaluate operational risk across regulated financial organizations. You will begin by exploring the definition, characteristics, and sources of operational risk, including human error, system failures, and external events. Next, you will examine key risk assessment methodologies such as Risk and Control Self Assessment (RCSA), the Basic Indicator Approach (BIA), and the Standardized Approach (SA) for operational risk capital assessment. Finally, you will study the Advanced Measurement Approach (AMA), operational loss event categorization, and internal self-assessment practices that strengthen risk control and organizational resilience. Designed for learners interested in risk management, banking, and financial regulation, this course combines regulatory concepts with practical examples and assessment techniques. By the end of the course, you will be able to differentiate operational risk approaches, evaluate risk control mechanisms, and assess operational risk frameworks within regulated financial environments in the US and UK.