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Certified Operational Risk Management Specialist

This comprehensive course provides an in-depth exploration of operational risk from theory to practice.

Instructors:

Stanley Mutenga

Price: €1500

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€1500

Self study and virtual classes

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Approx. 60 hours to complete

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Examination

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Certificate

Introduction to the class

How it works?

This comprehensive course provides an in-depth exploration of operational risk from theory to practice. It covers both qualitative and quantitative aspects of risk assessment, integrates regulatory frameworks (including Basel IV), and emphasizes the development of a robust risk culture and governance structure. Through real-world case studies, interactive workshops, and hands-on simulations, participants will learn to identify, measure, mitigate, and monitor operational risks, preparing them to lead risk initiatives within complex organizations.

This course includes:

  • 10 hour of virtual meetings with the instructor

  • 50 hours of self study including articles and video presentations

  • Full lifetime access to learning material

  • Certificate of achievement

Virtual classes take place on Hapeiron, an Interfima e-learning platform.

  1. Enroll to the class from this page

  2. After enrollment you'll receive a registration link to access the platform 

  3. Complete all live classes and learning material

  4. Take the examination online

  5. Pass the exam and get your certification

Do you want this class in-house?

We can deliver this class in-house for your organization's employees.

About this Professional Certificate 

Pass the exam at the end of the course and earn a market focused certification. Interfima is a MENJE accredited vocational organization in Luxembourg.

Skill you will gain

Risk management

Risk Analysis

Risk assessment

Risk mitigation

Instructors

The training is conducted by Stanley. Check his profile by clicking on his name below.

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Prof. Stanley Mutenga

Enterprise Wide Risk Manager

Requirements

  • Three years experience in the financial services industry either/or an undergraduate or graduate degree in Finance, Economics, Business or Law from an accredited university, college or school

  • Continuous Education: 3 hours of related financial training every year

Examination

  • Passing Grade 70%

  • Multiple choice questions and / or essay type questions

  • One (1) hour duration

What you will learn

By the end of this course, participants will be able to:

  • Articulate the full spectrum of operational risk and its implications for organizational stability

  • Implement both qualitative and quantitative risk assessment techniques

  • Integrate operational risk management into broader enterprise risk frameworks

  • Apply regulatory standards and best practices (e.g., Basel IV) to daily risk operations

  • Develop strategies to build and maintain an effective risk culture and governance structure

  • Utilize data analytics and technological tools for real-time risk monitoring and decision-making

  • Advise non-risk managers and leadership on risk mitigation and compliance strategies

Foundations of Risk Management

  • Overview of risk management principles and strategies

  • The evolving risk landscape in financial institutions

  • The role of corporate culture in risk management

  • Benefits of a robust risk management framework

Risk Mitigation and Control Strategies

  • Best practices for establishing robust internal controls

  • Techniques for mitigating operational risk through process reengineering and technology

  • Business continuity planning and incident management

  • Post-event analysis and lessons learned.

Defining and Understanding Operational Risk

  • Definition and evolution of operational risk

  • Distinguishing operational risk from credit, market, and other risks

  • Identifying risk drivers, inherent vulnerabilities, and emerging threats

  • Real-world examples illustrating operational risk failures

Technology, Data Analytics, and Emerging Risks

  • Leveraging big data and real-time analytics

  • Cyber risk, IT risk, and the integration of operational risk with digital transformation initiatives

  • Use of artificial intelligence and machine learning in risk prediction

  • Tools for enhanced data collection, reporting, and decision-making.

Quantitative and Qualitative Risk Assessment

  • Scenario analysis, risk self-assessments, and control effectiveness reviews

  • Building risk narratives and developing early warning indicators

  • Statistical models for loss estimation and frequency/severity analysis

  • Advanced measurement approaches (AMA) and loss distribution techniques

  • Model validation, back-testing, and stress testing methodologies

Practical Applications and Case Studies

  • Simulation exercises on operational risk event modelling and control testing

  • Hands-on sessions using industry-standard risk management software

  • Deep-dive analyses of historical operational risk events

  • Guest lectures from industry experts and regulators on real-world challenges

Regulatory Frameworks and Standards

  • Examination of Basel II, Basel III, and the emerging Basel IV standards

  • Regulatory expectations for operational risk management

  • Approaches to risk-weighted asset (RWA) calculation

  • Integration of regulatory requirements into internal risk frameworks

Future Directions and Capstone Project

  • Impact of technological advances and globalization on operational risk

  • Anticipating and preparing for new types of operational threats

  • Develop and present a comprehensive operational risk management strategy for a simulated or real organization

  • Peer review and feedback sessions to refine risk assessment and mitigation plans.

Enterprise Risk Management and Governance

  • Roles of the board, senior management, and risk committees

  • Embedding operational risk management within the enterprise risk framework.

  • Aligning operational risk with strategic objectives.

  • Developing a risk appetite and tolerance framework.

Assessment Methods:

  • Interactive Workshops & Simulations: Engage in real-time risk scenario exercises

  • Case Study Analysis: Evaluate and present findings from real-world operational risk events

  • Quantitative Assignments: Utilize advanced statistical tools and software for risk measurement

  • Capstone Project: Develop a strategic operational risk management framework and present comprehensive findings

  • Participation & Peer Reviews: Collaborate and provide feedback during group sessions and discussions.

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