Financial Risk & Internal Control
Preparation Certified Operational Risk Professional
This five-day programme builds the knowledge and discipline that operational risk professionals must demonstrate, covering operational risk foundations and taxonomy, governance, appetite and risk assessment, loss data, KRIs and reporting, scenario analysis and capital, and mitigation, continuity and assurance. Participants develop skills in operational risk assessment, loss data and scenario analysis, control and mitigation design, and risk reporting.
Introduction
Preparation for Certified Operational Risk Professional Training Course builds the knowledge and discipline that operational risk professionals must demonstrate. Participants work through operational risk definitions, taxonomy, and the Basel event types, governance, appetite, and the three lines model, risk and control self-assessment (RCSA) and control design, loss data, scenario analysis, and capital calculation, key risk indicators and reporting, and mitigation, business continuity, and conduct risk as one connected body of knowledge. The programme links the operational failures an organisation experiences with the professional method that measures and reduces them. As a result, learners gain a practical command of operational risk. Furthermore, the course strengthens analytical rigour, control judgement, and reporting discipline.
Preparation Certified Operational Risk Professional Course Objectives
- Explain operational risk definitions and the four source categories.
- Apply operational risk taxonomy and Basel event type classification.
- Apply governance structures, appetite, and the three lines model.
- Apply risk and control self-assessment (RCSA) method and control design.
- Apply loss data collection, event categorization, and root cause analysis.
- Apply scenario analysis and operational risk capital calculation.
- Apply key risk indicators (KRIs), thresholds, and risk reporting.
- Apply mitigation strategies including insurance and business continuity.
- Apply conduct risk, outsourcing, and third-party risk management.
- Apply risk culture, assurance, and continuous improvement practice.
Course Methodology
- Interactive sessions built on operational risk and exam-style case questions.
- Workshops on RCSA, scenario design, capital calculation, and KRI selection.
- Group exercises on loss data analysis, control mapping, and mitigation.
- Hands-on practice with risk registers, scenario worksheets, and reporting packs.
- Simulation of a risk committee review and a scenario analysis workshop.
- Facilitator coaching and structured exam preparation guidance.
Who Should Take This Course
- Operational risk managers and analysts.
- Risk, compliance, and governance professionals.
- Banking and financial services risk staff.
- Internal auditors covering operational risk.
- Business continuity and operations managers.
- Consultants and graduates preparing for operational risk certification.
Preparation Certified Operational Risk Professional Course Outlines
Operational Risk Foundations and Taxonomy
- • Definition of operational risk and its four source categories.
- • Basel event types and business line mapping.
- • Distinguishing operational risk from credit and market risk.
- • Taxonomy design and consistent classification.
- • Regulatory expectations and supervisory guidance.
- • Legal, compliance, and conduct risk boundaries.
- • Case discussion: classifying a complex loss event correctly.
Governance, Appetite, and Risk Assessment
- • Governance structures and the three lines model.
- • Risk appetite, tolerance, and operational risk limits.
- • Roles of the operational risk committee and business owners.
- • Risk and control self-assessment (RCSA) method.
- • Inherent risk, control effectiveness, and residual risk.
- • Control design and risk mitigation fundamentals.
- • Workshop: performing an RCSA for a business unit.
Loss Data, KRIs, and Reporting
- • Loss data collection and event categorization.
- • Near misses, incidents, and root cause analysis.
- • Key risk indicators, thresholds, and tolerances.
- • Key control indicators and control monitoring.
- • Risk reporting packs and dashboard design.
- • Data quality, completeness, and reporting governance.
- • Exercise: building a KRI set and reporting pack.
Scenario Analysis and Capital
- • Scenario analysis method and workshop facilitation.
- • Stress testing operational risk exposures.
- • Operational risk regulatory capital approaches.
- • The basic indicator, standardised, and advanced approaches.
- • Model use, validation, and documentation.
- • Capital planning and risk-adjusted performance.
- • Simulation: running a scenario analysis workshop.
Mitigation, Continuity, and Assurance
- • The mitigation hierarchy: avoid, reduce, transfer, accept.
- • Insurance as risk transfer and coverage assessment.
- • Business continuity and disaster recovery planning.
- • Outsourcing and third-party risk management.
- • Risk culture, conduct, and people risk.
- • Internal audit and assurance over operational risk.
- • Capstone: presenting an operational risk framework and exam plan.
Conclusion
By successfully completing Preparation for Certified Operational Risk Professional, participants will gain a practical command of operational risk definitions and taxonomy, governance and risk appetite, RCSA and control design, loss data and scenario analysis, capital calculation and KRI reporting, and mitigation, business continuity and assurance. They will acquire skills in operational risk assessment, loss data and scenario analysis, control and mitigation design, and risk reporting that support both professional practice and certification preparation. Gentex Training Center designs the programme to help professionals build operational risk capability with confidence.
FAQs for the Preparation Certified Operational Risk Professional course
— What is the "Preparation for Certified Operational Risk Professional" course about?
It builds the knowledge and discipline that operational risk professionals must demonstrate. The course spans operational risk foundations and taxonomy, governance, appetite and risk assessment, loss data, KRIs and reporting, scenario analysis and capital, and mitigation, continuity and assurance.
— What are the key benefits of the "Preparation for Certified Operational Risk Professional" course?
You gain a practical command of operational risk that links the operational failures an organisation experiences with the professional method that measures and reduces them. The course improves taxonomy and RCSA practice, strengthens loss data and scenario analysis, sharpens capital and KRI reporting, and gives you mitigation and assurance practice that supports both daily work and certification preparation.
— What skills will I gain from the "Preparation for Certified Operational Risk Professional" course?
You will develop four core skills: operational risk taxonomy and Basel event classification, RCSA facilitation with control design and residual risk assessment, loss data and scenario analysis with capital calculation, and KRI reporting with mitigation, continuity and assurance practice.
— What tools, methods, or standards are covered in the "Preparation for Certified Operational Risk Professional" course?
The course covers operational risk definitions and the four source categories, Basel event types and business line mapping, distinguishing operational risk from credit and market risk, taxonomy design and consistent classification, regulatory expectations and supervisory guidance, legal, compliance and conduct risk boundaries, governance structures and the three lines model, risk appetite, tolerance and operational risk limits, the roles of the operational risk committee and business owners, the risk and control self-assessment (RCSA) method, inherent risk, control effectiveness and residual risk, control design and risk mitigation fundamentals, loss data collection and event categorization, near misses, incidents and root cause analysis, key risk indicators, thresholds and tolerances, key control indicators and control monitoring, risk reporting packs and dashboard design, data quality, completeness and reporting governance, scenario analysis method and workshop facilitation, stress testing operational risk exposures, operational risk regulatory capital approaches including the basic indicator, standardised and advanced approaches, model use, validation and documentation, capital planning and risk-adjusted performance, the mitigation hierarchy of avoid, reduce, transfer and accept, insurance as risk transfer and coverage assessment, business continuity and disaster recovery planning, outsourcing and third-party risk management, risk culture, conduct and people risk, and internal audit and assurance over operational risk.
— How is the "Preparation for Certified Operational Risk Professional" course applied in real-world practice?
Participants apply it to real work such as classifying loss events correctly, performing an RCSA for a business unit, building a KRI set and reporting pack, running a scenario analysis workshop, estimating operational risk capital, designing mitigation with insurance and continuity planning, and presenting an operational risk framework to a risk committee. The same methods support audit assurance over operational risk and certification revision.
Scheduling in Progress | Training Arranged Around Your Needs
Our team can coordinate this program based on available dates and locations. Contact us to explore training options that best fit your needs.
Introduction
Preparation for Certified Operational Risk Professional Training Course builds the knowledge and discipline that operational risk professionals must demonstrate. Participants work through operational risk definitions, taxonomy, and the Basel event types, governance, appetite, and the three lines model, risk and control self-assessment (RCSA) and control design, loss data, scenario analysis, and capital calculation, key risk indicators and reporting, and mitigation, business continuity, and conduct risk as one connected body of knowledge. The programme links the operational failures an organisation experiences with the professional method that measures and reduces them. As a result, learners gain a practical command of operational risk. Furthermore, the course strengthens analytical rigour, control judgement, and reporting discipline.
Preparation Certified Operational Risk Professional Course Objectives
- Explain operational risk definitions and the four source categories.
- Apply operational risk taxonomy and Basel event type classification.
- Apply governance structures, appetite, and the three lines model.
- Apply risk and control self-assessment (RCSA) method and control design.
- Apply loss data collection, event categorization, and root cause analysis.
- Apply scenario analysis and operational risk capital calculation.
- Apply key risk indicators (KRIs), thresholds, and risk reporting.
- Apply mitigation strategies including insurance and business continuity.
- Apply conduct risk, outsourcing, and third-party risk management.
- Apply risk culture, assurance, and continuous improvement practice.
Course Methodology
- Interactive sessions built on operational risk and exam-style case questions.
- Workshops on RCSA, scenario design, capital calculation, and KRI selection.
- Group exercises on loss data analysis, control mapping, and mitigation.
- Hands-on practice with risk registers, scenario worksheets, and reporting packs.
- Simulation of a risk committee review and a scenario analysis workshop.
- Facilitator coaching and structured exam preparation guidance.
Who Should Take This Course
- Operational risk managers and analysts.
- Risk, compliance, and governance professionals.
- Banking and financial services risk staff.
- Internal auditors covering operational risk.
- Business continuity and operations managers.
- Consultants and graduates preparing for operational risk certification.
Preparation Certified Operational Risk Professional Course Outlines
Operational Risk Foundations and Taxonomy
- • Definition of operational risk and its four source categories.
- • Basel event types and business line mapping.
- • Distinguishing operational risk from credit and market risk.
- • Taxonomy design and consistent classification.
- • Regulatory expectations and supervisory guidance.
- • Legal, compliance, and conduct risk boundaries.
- • Case discussion: classifying a complex loss event correctly.
Governance, Appetite, and Risk Assessment
- • Governance structures and the three lines model.
- • Risk appetite, tolerance, and operational risk limits.
- • Roles of the operational risk committee and business owners.
- • Risk and control self-assessment (RCSA) method.
- • Inherent risk, control effectiveness, and residual risk.
- • Control design and risk mitigation fundamentals.
- • Workshop: performing an RCSA for a business unit.
Loss Data, KRIs, and Reporting
- • Loss data collection and event categorization.
- • Near misses, incidents, and root cause analysis.
- • Key risk indicators, thresholds, and tolerances.
- • Key control indicators and control monitoring.
- • Risk reporting packs and dashboard design.
- • Data quality, completeness, and reporting governance.
- • Exercise: building a KRI set and reporting pack.
Scenario Analysis and Capital
- • Scenario analysis method and workshop facilitation.
- • Stress testing operational risk exposures.
- • Operational risk regulatory capital approaches.
- • The basic indicator, standardised, and advanced approaches.
- • Model use, validation, and documentation.
- • Capital planning and risk-adjusted performance.
- • Simulation: running a scenario analysis workshop.
Mitigation, Continuity, and Assurance
- • The mitigation hierarchy: avoid, reduce, transfer, accept.
- • Insurance as risk transfer and coverage assessment.
- • Business continuity and disaster recovery planning.
- • Outsourcing and third-party risk management.
- • Risk culture, conduct, and people risk.
- • Internal audit and assurance over operational risk.
- • Capstone: presenting an operational risk framework and exam plan.
Conclusion
By successfully completing Preparation for Certified Operational Risk Professional, participants will gain a practical command of operational risk definitions and taxonomy, governance and risk appetite, RCSA and control design, loss data and scenario analysis, capital calculation and KRI reporting, and mitigation, business continuity and assurance. They will acquire skills in operational risk assessment, loss data and scenario analysis, control and mitigation design, and risk reporting that support both professional practice and certification preparation. Gentex Training Center designs the programme to help professionals build operational risk capability with confidence.
FAQs for the Preparation Certified Operational Risk Professional course
— What is the "Preparation for Certified Operational Risk Professional" course about?
It builds the knowledge and discipline that operational risk professionals must demonstrate. The course spans operational risk foundations and taxonomy, governance, appetite and risk assessment, loss data, KRIs and reporting, scenario analysis and capital, and mitigation, continuity and assurance.
— What are the key benefits of the "Preparation for Certified Operational Risk Professional" course?
You gain a practical command of operational risk that links the operational failures an organisation experiences with the professional method that measures and reduces them. The course improves taxonomy and RCSA practice, strengthens loss data and scenario analysis, sharpens capital and KRI reporting, and gives you mitigation and assurance practice that supports both daily work and certification preparation.
— What skills will I gain from the "Preparation for Certified Operational Risk Professional" course?
You will develop four core skills: operational risk taxonomy and Basel event classification, RCSA facilitation with control design and residual risk assessment, loss data and scenario analysis with capital calculation, and KRI reporting with mitigation, continuity and assurance practice.
— What tools, methods, or standards are covered in the "Preparation for Certified Operational Risk Professional" course?
The course covers operational risk definitions and the four source categories, Basel event types and business line mapping, distinguishing operational risk from credit and market risk, taxonomy design and consistent classification, regulatory expectations and supervisory guidance, legal, compliance and conduct risk boundaries, governance structures and the three lines model, risk appetite, tolerance and operational risk limits, the roles of the operational risk committee and business owners, the risk and control self-assessment (RCSA) method, inherent risk, control effectiveness and residual risk, control design and risk mitigation fundamentals, loss data collection and event categorization, near misses, incidents and root cause analysis, key risk indicators, thresholds and tolerances, key control indicators and control monitoring, risk reporting packs and dashboard design, data quality, completeness and reporting governance, scenario analysis method and workshop facilitation, stress testing operational risk exposures, operational risk regulatory capital approaches including the basic indicator, standardised and advanced approaches, model use, validation and documentation, capital planning and risk-adjusted performance, the mitigation hierarchy of avoid, reduce, transfer and accept, insurance as risk transfer and coverage assessment, business continuity and disaster recovery planning, outsourcing and third-party risk management, risk culture, conduct and people risk, and internal audit and assurance over operational risk.
— How is the "Preparation for Certified Operational Risk Professional" course applied in real-world practice?
Participants apply it to real work such as classifying loss events correctly, performing an RCSA for a business unit, building a KRI set and reporting pack, running a scenario analysis workshop, estimating operational risk capital, designing mitigation with insurance and continuity planning, and presenting an operational risk framework to a risk committee. The same methods support audit assurance over operational risk and certification revision.
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