Enroll Course: https://www.coursera.org/learn/operational-risk-management
Introduction
In today’s fast-paced business environment, understanding and managing operational risks is crucial for any organization. Coursera’s course, Operational Risk Management: Frameworks & Strategies, offers a comprehensive overview of the essential elements needed to establish a robust operational risk management program. As the final course in the Risk Management specialization, it equips learners with the knowledge and skills necessary to navigate the complexities of operational risk.
Course Overview
This course delves into the various roles in risk governance and emphasizes the importance of implementing an operational risk management program within your workplace. It covers key components of an Operational Risk Management framework, enabling participants to tailor their own programs effectively. By the end of the course, learners will be adept at capturing, reporting, and investigating operational risk events, producing meaningful key risk indicator (KRI) data, and assessing organizational risk appetite.
Syllabus Breakdown
The course is structured into four main modules:
- Module 01: Operational Risk Management Setup – This module introduces the foundational setup of operational risk management.
- Module 02: Operational Risk Identification Tools – Participants will explore various tools used by operational risk managers to identify and flag risks.
- Module 03: Operational Risk Measurement and Analysis – This module focuses on collecting operational risk data, measuring and analyzing risks, and calculating regulatory risk capital requirements.
- Module 04: Operational Risk Framework and Governance – The final module covers the governance framework necessary for effective operational risk management.
Who Should Enroll?
This course is ideal for professionals with a basic understanding of statistics and probability, as well as familiarity with business operations. Experience with MS Excel and Python is recommended, making it suitable for those looking to enhance their analytical skills in risk management.
Conclusion
Overall, Operational Risk Management: Frameworks & Strategies is a valuable course for anyone looking to deepen their understanding of operational risk management. The structured approach, combined with practical insights, makes it a must-take for professionals in the field. I highly recommend this course to anyone aiming to implement or improve an operational risk management program in their organization.
Enroll Course: https://www.coursera.org/learn/operational-risk-management