This  program runs both on weekdays and weekends to suit the needs of everyone. Our in-house or in-plant programs are also conducted virtually. Our weekend programs [ i.e., every Saturday] commence at 10am [ West Africa Time] while week days commence at 9.am prompt [ also West Africa Time]. We have now commenced in-person training programs as well . On timing, we are very flexible as well. Our overarching goal is to work within your timeframe/convenience. For further details/clarification, please send to us an email [info@theriskacademy.org] or call: 08021003297; 07034248767; 09071941111. Because we care.

Certified Operational Risk Professional

CORP

Lecture/Exam Preparation

LECTURES/EXAM PREPARATION FEE-$600 OR N400,000

Cost of Examination: N250,000; Lecture Duration: 3 days

Cost of Lectures: N400,000 or $ 525; Cost of Examination: N250,000; Lecture Duration: 3 days

The Lectures/Examination Preparation is purely and truly optional in which case you can go ahead and register to sit for the Examinations comprising 100 MCQs. You are required to score a minimum of 60% to earn the Certificate.

This RMA CORP certification has been designed for all staff in organizations who wish to develop their ability to manage operational risk in their functions.

For staff in the operational risk management function, this certificate would enable the individual to demonste a practical and  professional understanding of operational risk environment in the organization. It would also help prepare the holders for higher responsibilities within the industry.

The certificate is also very important for senior managers with an operational risk oversight role. The certificate is based on ISO 31000: 2009 Risk Management Principles/ Guidelines, Basel Accords and the COSO framework.

The syllabus covers all aspects of operational risk management process, modeling and stress testing.

Course Modules

  • Module 1
  • Module 2
  • Module 3
  • Module 4
  • Module 5
  • Module 6
  • Module 7
  • Module 8
  • Module 9
  • Module 10
  • Module 11
  • Module 12
  • Module 13
  • Module 14

The Foundations of Operational Risk Management

  • What is Risk and Operational Risk Management?
  • The Benefits of Operational Risk Management
  • The Operational Risk Management Framework
  • The 6-step Operational Risk Management Cycle
  • Risk Identification Process
  • Risk Management Principles and Standards

How to Set-Up an Operational Risk Management Function in an Organisation

  • Why Set Up a Dedicated ORM Function?
  • Pre-Implementation Planning
  • Core Components of an ORM Function
  • Step-by-Step Implementation
  • Technology Stack for ORM
  • Common Pitfalls & Solutions
  • Case Study: ORM in a Manufacturing Firm
  • Measuring ORM Success
  • Future-Proofing Your ORM Function

Operational Risk Categorization and Event Data

  • Operational Risk Categorization
  • Common Operational Risk Categories
  • Operational Risk Event Data Collection & Management
  • Best Practices for Event Data Collection
  • Using Risk Data for Decision-Making
  • Case Study: Applying Risk Categorization & Data

Operational Risk Identification Tools

  • Introduction to Operational Risk Identification
  • Core Operational Risk Identification Tools
  • Key Risk Indicators (KRIs)
  • Loss Event Data Collection
  • Process Mapping and Analysis
  • Scenario Analysis
  •  Internal Audit Findings
  • Advanced Identification Techniques
  • Implementation Framework
  • Common Challenges and Solutions
  • Case Study

 

Operational Risk Measurement/Assessment Methods

  • Introduction to Operational Risk Measurement
  • Fundamental Assessment Approaches
  • Advanced Measurement Techniques
  • Capital Calculation Methods
  • Practical Implementation Framework

 

Operational Risk Management Framework & Governance

  • Introduction to ORM Framework
  • Core Components of an ORM Framework
  • Key Elements of ORM Governance
  • Regulatory Alignment
  • Case Study

Operational Risk Management: Monitoring and Reporting

  • Introduction to ORM Monitoring & Reporting
  • Key Components of Effective Monitoring
  • Operational Risk Reporting Framework
  • Regulatory Requirements
  • Challenges & Solutions

Operational Risk Strategy and Appetite

  • Introduction to Operational Risk Strategy
  • Components of an Effective Operational Risk Strategy
  • Developing a Risk Appetite Statement
  • Aligning Strategy with Business Goals
  • Regulatory and Industry Best Practices
  • Case Study: Risk Appetite
  • Common Pitfalls & Solutions

Introduction to Cybersecurity

  • What is Cybersecurity?
  • Types of Cyber Threats
  • Core Principles of Cybersecurity (CIA Triad)
  • Key Cybersecurity Domains
  • Common Cybersecurity Frameworks
  • Best Practices for Cyber Hygiene
  • Case Study: The 2017 Equifax Breach
  • Future Trends in Cybersecurity

Introduction to Business Continuity Management

  • What is Business Continuity Management (BCM)?
  • Core Components of BCM
  • The Business Continuity Lifecycle
  • Key BCM Standards & Frameworks
  • Common BCM Mistakes & Solutions
  • Future Trends in BCM

Implementing Operational Risk Management

  • Overcoming the Hurdles to Risk Management
  • Risk Management Communication
  • Setting a Risk Management Vision
  • Stakeholder Ownership of Risk Management
  • Instilling Operational Risk Management Culture

Integrating and Embedding Operational Risk Management into Business Operations

  • Why Integrate ORM?
  • Framework for Embedding ORM
  • Practical Steps for Implementation
  • Overcoming Resistance
  • Future Trends
  • Web-based Risk Management Tools
  • Integrating Risk Management into Your Operations

Operational risks: trends and challenges

  • Why It Matters Now
  • Top 5 Emerging Operational Risk Trends
  • Key Challenges in Managing Modern Operational Risks
  • Industry-Specific Risk Hotspots
  • Future-Proofing Operational Risk Management
  • Case Study: The SVB Collapse (2023)

CASE STUDIES

  • Understanding, measuring, and embedding risk culture
  • Incorporating environmental, social and governance (ESG) into operational risk frameworks
  • Why risk control self-assessments (RCSAs) fail and how to derive value
  • Group discussion: cyber, third-party, and operational resilience
  • Identifying and managing emerging risks
  • Creating an impactful operational risk appetite
  • Developing successful risk teams
  • Collecting data on operational risks
  • Best practice for managing operational risk
  • Group discussion: the future of operational risk

Who Can Sit for the Exam?

  • Managers and officers in operational risk management function
  • Process and business owners
  • Team Leaders
  • Holders of the CRMP certificate issued by RMA
  • Enterprise Risk Managers
  • Operational Risk Managers
  • Operations Managers
  • Internal Auditors
  • HR officers
  • Compliance officers
  • Consultants
  • Regulators
  • All staff in an organisation

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