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Operational Risk Management

Course Description

Operational Risk Management (ORM) is the practice of identifying, assessing, mitigating, and monitoring risks that arise from inadequate or failed internal processes, people, systems, or external events. It plays a critical role in ensuring business continuity, protecting assets, and maintaining regulatory compliance.

ORM involves a systematic approach to managing risks by first identifying potential threats that could impact operations. These risks may include fraud, cybersecurity breaches, human errors, supply chain disruptions, regulatory non-compliance, and natural disasters. Once identified, risks are assessed based on their likelihood and potential impact.

Organizations implement mitigation strategies such as internal controls, employee training, technology solutions, and contingency planning to minimize risks. Continuous monitoring and reporting help in adapting to new threats and improving risk management frameworks over time.

Effective ORM enhances organizational resilience, protects financial stability, and strengthens reputation. Many industries, especially banking, healthcare, and manufacturing, have strict regulatory requirements related to operational risk. Compliance with these regulations ensures that businesses minimize potential losses while maintaining trust with stakeholders.

By integrating ORM into daily operations, companies can proactively manage uncertainties, reduce disruptions, and foster a culture of risk awareness, ultimately leading to improved efficiency and long-term success.

Course Curriculum

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Ethan Granger

Developer

I am a web developer with a vast array of knowledge in many different front end and back end languages, responsive frameworks, databases, and best code practices

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This Course Fee:

Free

Course includes:
  • Level
  • Duration 1h
  • Lessons 33
  • Quizzes 0
  • Certifications Yes
  • Language
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