Certified Operational Risk Officer
Programme Code
CORO
Duration
2 months
Format
Online
Overview
At our institution, we understand the importance of managing risks effectively and efficiently in today’s dynamic business environment. That is why we offer a comprehensive Certified Operational Risk Officer programme designed to equip professionals with the practical skills and knowledge needed to identify, assess, monitor and mitigate operational risks across all dimensions of an organisation.
We offer a 2-month programme that covers various aspects of operational risk management, from frameworks for assessing risk appetite to implementing effective controls. Our programme is structured into modules that include lectures, case studies, group discussions and assignments aimed at providing real-world scenarios on how best to manage operational risks in different industries.
At the end of our programme, participants will be equipped with relevant tools and techniques needed to develop robust risk mitigation strategies tailored towards specific organizational requirements. Our certification provides recognition by peers as well as potential employers for the successful completion of this program.
Learning Outcomes
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- Learn the importance of Operational Risks being part of the ERM framework
- Acquire the skills to examine operational risks by deriving best practice
- techniques from Basel II/III/IV, ISO 31000 in 2018 and COSO ERM in 2017
- Institute an Operational Risk Management (ORM) Framework
- Able to identify, measure, control and mitigate varied types of operational risks
- Implement the ORM processes from the real-life cases given
Assessments
Every participant will either use their own company or an approved case study by SIMS for a special reason and attempt to apply all the knowledge that they had acquired over the 5-day. This includes setting up the ORM Framework, KRIs, and RCSAs, identifying the root causes of key operational risks, setting up operational risk measurements, monitoring and controls, plus reporting structure.
Programme Structure
Entry Requirements
Training Methodology
Programme Structure
Programme Structure
- Induction
- Real-Life Case Studies
- Final Project
Entry Requirements
Entry Requirements
Participants should have at least 3 years of practical experience in risk and/or audit-related experiences. He/she needs to have pre-requisite knowledge in finance and capital markets.
Training Methodology
Training Methodology
This 5-day program is entirely interactive, and every participant will be fully participative in group discussion, exercises and case studies. A step-by-step guidance on how to develop, establish and implement an operational risk framework will be taught to each participant.
Why study here?
Switzerland is world-renowned for its high-quality educational institutions, and the Swiss Institute of Management and Sciences (SIMS) is no exception. Located in the city of Zug, SIMS provides an array of programs and courses that are highly respected by employers around the globe. The curriculum at SIMS has been crafted to give students a well-rounded education encompassing every facet of business and management. The courses are rigorous and require hard work, but the rewards are worth it as graduates leave with an understanding of the global marketplace and its associated challenges. SIMS graduates are highly sought after by employers due to their strong analytical skills, problem-solving ability, and cultural awareness. The University has an excellent reputation for placing graduates in top jobs at leading companies worldwide.
