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Operational Risk Management (ORM)

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Description

Risk is inherent in every process and system that a company use, Due to the complexity of business operations, advancement of technology, increased customer expectations, and complex regulatory requirements the identification and management of operational risks have become a challenge for companies and organizations. 

On an overall basis, due to the weak operational risk management practices, the institutions lose millions of dollars each year.Operational Risks are the most significant risks that companies and institutions are exposed to. Most of the business failures that occurred in the past are due to mismanagement of Operational Risks, Events, and Losses. Companies and institutions are, therefore, focused on managing their respective operational risks and this is now a regulatory requirement as well for banks, financial insinuations, and corporate organizations.

BENEFITS OF ATTENDING THIS COURSE:

By attending this course you will:
- be able to understand, how companies face Operational Risks and Calculate their exposures Assessment and Management
- be able to talk confidently with risk management professionals and consultants regarding Operational risks and related domains
- be able to work in consultancy firms or organizations in their risk management departments, especially ORM departments
- get a certificate of completion of this course
- be able to perform research and analysis on operational risks and management cases
- be able to pursue a career progression in operational risk management.

WHO SHOULD ATTEND THIS COURSE?

This course should be attended by:

  • Risk management professionals

  • Operational risk heads or managers

  • Compliance professionals

  • IS Security professionals

  • Bankers

  • Risk Advisors and consulting firms

  • Branch managers / Operation managers

  • Internal auditors

  • Internal controls professionals

  • CFA / FRM / CA / ACCA / CAMS or Finance students and

Others who want to learn risk management and its components

Who this course is for:
-Risk Management Professionals,
-Operational Risk Managers ORM
-Compliance Risk Professionals
-IS Security Professionals
-Internal Auditors and Controls Professionals
-Risk Management Students, Business and Finance Students, Banking Students
-Bankers

AED99.00

1 Week

Learn to identify, assess, and control risks with Lipslay’s Operational Risk Management Course — all from home in Dubai.

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Frequently Asked Questions

ORM is crucial for businesses to prevent and mitigate risks that could disrupt operations, damage reputation, or lead to financial losses. This certification shows that you have the expertise to effectively manage operational risks, enhancing organizational resilience and performance.
This certification is ideal for risk managers, compliance officers, operations managers, auditors, and professionals involved in identifying and managing risks within organizations. It’s especially beneficial for individuals working in finance, insurance, banking, manufacturing, and healthcare industries.
You will gain skills in risk identification, assessment, and mitigation techniques. The certification also covers risk modeling, creating risk management frameworks, internal controls, business continuity planning, crisis management, and developing strategies to minimize the impact of potential operational disruptions.
An ORM Certification increases your ability to effectively manage operational risks and enhances your employability in industries where risk management is crucial. It can open up career opportunities in risk management, compliance, auditing, and senior management roles, offering potential for higher salaries and career growth.
After earning an ORM Certification, you can pursue roles such as Operational Risk Manager, Risk Consultant, Risk Analyst, Compliance Officer, Internal Auditor, Business Continuity Planner, or Enterprise Risk Manager in various sectors, including finance, insurance, healthcare, and manufacturing.
Popular ORM Certifications include: Certified in Risk and Information Systems Control (CRISC) Certified Operational Risk Professional (CORP) Operational Risk Management Certification (various institutions) Financial Risk Manager (FRM) Certified Risk Management Professional (CRMP)
The duration of the certification depends on the program chosen and your experience level. On average, completing an ORM certification can take anywhere from a few weeks to several months.
Yes, ORM Certifications such as CRISC are widely recognized and respected in industries worldwide, particularly in financial services, banking, and corporate sectors, where operational risk management plays a critical role in maintaining business stability and growth.