1.1 Introduction - Welcome to the Course Operational Risk Management- Fr...

Course Operational Risk Management- Frameworks & Strategies

1.1 Introduction - Welcome to the Course Operational Risk Management- Frameworks & Strategies

By the end of this Specialization, you will be able to: 

• Gain a solid foundation of the complete risk management process. 

• Understand the concepts and principles of credit risk management and the steps to manage portfolio credit risks. 

• Use statistical models to measure risk associated with different types of asset classes. 

• Build an operational risk assessment program. 

These risks come in many forms and can cause losses that can be insignificantly small or large enough to destroy an institution almost overnight. The methods and strategies for managing operas conclude, by measuring past risks and if possible, mitigating or hedging them if not, allocating risk capital to cover potential losses. 

In this course, we'll explore the different categories and sources of operational risk and identify causal relationships and financial business processes. 

You'll learn how to use risk and control self-assessments (RCSA) to create key risk indicators (KRI) that will allow you to measure and manage operas. 

You'll also learn how to use scenario analysis to model risk in situations where data is scarce. Lastly, you'll look at how operational risk capital is budgeted and allocated to business units.