Operational Risk Management & Resilience
Course Info
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Course Details
Introduction
Objective
Who should attend
Course Location
This course aims to help participants learn how to enhance the operational risk management and resilience capabilities of their organizations. In particular, we focus on how the recent COVID-19 disaster made plain the strategic weaknesses of most organizations insofar as withstanding and responding to surprises.
While the Covid pandemic was, by most accounts, unpredictable, the responses to it varied—often becoming the determining factor in whether an organization survived.
Operational Risk Management & Resilience Course addresses these concerns by making operational risk management a strategic, forward-looking undertaking that aims to constantly position and reposition the organization in light of changing internal and external challenges. This approach breeds resilience.
Course Outline
Defining Modern Operational Risk
- “Classic” notions and definitions
- Modern understanding within COSO and ISO
- Post-COVID demands on Operational Risk Management (ORM)
- Surveys and feedback
- What we can learn from business continuity
- Defining resilience
- Roadmap for the course
Creating a post-COVID, ORM framework:
- Investigating COSO ERM
- Risk management must be practically related to performance and KPI management
- Risk management involves new definitions, concepts and psychological notions
- Risk management must be closely involved with strategy setting and execution
- Risk management is not back-office and reactionary, but board-lead, head-office and forward-looking
