Hello fellow colleagues, since you made it to this page, I'm sure you are seeking to master the operational risk management process and help your organization avoid or navigate through many of the incidents that could be avoidable too.

This masterclass will take you from the very beginning and introductory level to the risk management concept all the way to mastering the risk assessment, evaluation, response, and monitoring and reporting procedures.

This is a comprehensive program and I have split it into 7 modules.

Module 1: introductory level

In this module, you will learn the following:

• History of operational risk.

• Actual cases of how the drastic impact of reckless risk management practices or risk management failure can bring down a used-to-be successful organization and in no time.

• Important terminologies and definitions commonly used in risk management (Risk, Reward, Probability, Risk Event, Risk Appetite, Risk Management, Risk Culture, Control environment, and many other key concepts you must know in the Risk Management world.

• Is Risk a good or a bad thing? and why do we need to manage it?

• I'll also give you some practical tips on how to get the best out of any learning experience that you can apply in any learning process to increase information absorption and retention on the long run.

Module 2.1: Risk Management Framework

In this module, you will learn the following:

• Most common types of risk:

  • Market Risk

  • Credit Risk,

  • Operational Risk

  • Liquidity Risk

  • Strategic Risk

  • ESG Risk

• The Risk Management framework:

  • Risk Culture

  • Risk Appetite

  • Risk Identification and assessment

  • Control environment

  • Governance policies and procedures

  • Monitoring and reporting

Module 2.2: The Enterprise Risk Management Program (Breaking down ISO 31000)

In this module, you will learn the following:

1. Introduction to the holistic approach to a robust Risk management program and the key components of it.

2. Risk Identification: how to identify existing and potential risks

3. Risk Analysis: how to analyze and understand how certain risks can represent different levels of threat to your organization.

4. Risk Evaluation: the practical and scientific approach to objectively assess the severity of a risk using Impact and Likelihood matrix of a certain risk on your organization

5. Controls: What is control and how do they impact your inherent and residual risk assessment?

6. Control Assessment: Hoe to determine the types of control (Preventive, Detective, Directive) and How to assess the control effectiveness?

7. Risk Response: how to prioritize risks and what are the different approaches to respond to each of the identified risks according to their residual impact and the organization's Risk Tolerance and Appetite?

8. Risk Response strategies: understanding various risk mitigation strategies and how and when to implement them including: Risk sharing, Risk reduction/control, Risk avoidance and Risk Transfer

9. Risk Monitoring and Reporting: How Risk Monitoring is critical to the risk management process and the importance of risk reporting and what are the key risk management reports Executive Management and the Board need to see to better understand the organization's risk profile.

10. Understanding the Risk Governance framework

Module 2.3: Key Risk Management Monitoring and Reporting programs

In this module, you will learn the following:

1. How to establish the Risk And Control Self-Assessment -RCSA monitoring report

2. How to establish the Operational Risk Loss Event -ORLE report

3. How to establish the Key Risk Indicators -KRIs dashboard

4. How to establish an enterprise-wide Risk profile metric -Risk Heatmap profile

   
   

   
   

   
   

   Module 3: International Risk Governance standards

In this module, you will briefly learn about the following standards:

• Basel: What is Basel Committee? How it was initiated and why? and what are the Basel risk categories?

• The Committee of Sponsoring Organizations-COSO: What is COSO? Why is exist? and what is COSO Framework?

• ISO31000 and other risk management related standards.

  
  

Module 4: Performance Boosters

This module I call the Performance Booster Module, this module will help you stand out in the risk management world by providing you with a lot of helpful tips and resourceful guidance to master managing the risk management program.

The resourceful information in this module is coming from my 18 years of practical experience leading and navigating through many crises and disasters which you'll find helpful in your Risk management career and in your day-to-day decision-making process.

In this module, you will learn the following:

• Why does Risk Management fail? and an actual case study on what has gone wrong, how and lessons learned

• How to establish a robust risk management function in your organization?

• How to become a GREAT Risk Manager and what are the personal and professional traits you need to excel and how to acquire those skills to stand out in you career.