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Certified Professional in Operational Risk Management
Enhance your skills in risk assessment, mitigation, and compliance with this comprehensive course, boosting your career in finance and insurance. Learn more today!
Operational Risk Management is a crucial field that helps organizations identify and mitigate potential threats to their operations.
Delivered online by London School of International Business, the school behind Healthcare Courses. Ofqual-regulated qualifications with flexible payment plans and admissions support seven days a week.
Study online 2 months track From GBP £90
Flexible payment plans available · Start studying online immediately after enrolment
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Why enrol on this course?
Operational Risk Management
is a crucial field that helps organizations identify and mitigate potential threats to their operations.Operational Risk Management professionals play a vital role in ensuring the smooth functioning of financial institutions and other organizations. They assess and manage risks associated with business operations, such as market risk, credit risk, and operational risk.
By understanding the complexities of operational risk management, professionals can develop effective strategies to minimize losses and maximize profits.
With a Certified Professional in Operational Risk Management, you can gain the knowledge and skills needed to succeed in this field.
Explore the world of operational risk management and take the first step towards a rewarding career in this field.
About this course
Certified Professional in Operational Risk Management is a comprehensive course that equips you with the skills to identify, assess, and mitigate operational risks in financial institutions. By completing this course, you'll gain a deep understanding of operational risk management principles, frameworks, and best practices. You'll learn to analyze complex risk scenarios, develop effective risk mitigation strategies, and implement controls to minimize losses. With this certification, you'll enjoy career prospects in risk management, compliance, and audit, and enhance your career prospects in the financial sector. Unique features include interactive case studies and real-world examples.
Who is this course for?
| Ideal Audience for Certified Professional in Operational Risk Management | The Certified Professional in Operational Risk Management (COPRM) is designed for individuals working in the financial services industry, particularly those in the following roles: |
| Risk Management Professionals | With over 1,300 operational risk incidents reported in the UK in 2020, resulting in £1.4 billion in losses, COPRM is essential for those looking to develop their skills in identifying and mitigating operational risk. Professionals in this field include: |
| Compliance Officers | Compliance officers play a critical role in ensuring that financial institutions adhere to regulatory requirements and internal policies. With the increasing complexity of financial markets, COPRM helps compliance officers develop the necessary skills to identify and manage operational risk. |
| Business Continuity Managers | Business continuity managers are responsible for ensuring that financial institutions can continue to operate in the event of an incident. COPRM helps business continuity managers develop the skills to identify and mitigate operational risk, ensuring that their organization can minimize downtime and maintain business continuity. |
| Internal Auditors | Internal auditors play a critical role in ensuring that financial institutions operate efficiently and effectively. COPRM helps internal auditors develop the necessary skills to identify and manage operational risk, ensuring that their organization can maintain high standards of governance and risk management. |
Key facts
The Certified Professional in Operational Risk Management (CPRM) is a globally recognized certification that validates an individual's expertise in managing operational risk within an organization.
This certification is designed to equip professionals with the necessary knowledge and skills to identify, assess, and mitigate operational risks that could impact an organization's financial stability and reputation.
The learning outcomes of the CPRM certification include understanding operational risk management frameworks, identifying and assessing operational risks, developing risk mitigation strategies, and implementing effective risk management controls.
The duration of the CPRM certification program varies depending on the individual's prior experience and knowledge, but it typically takes several months to complete.
The certification is offered by the Global Association of Risk Professionals (GARP) and is recognized by many financial institutions and regulatory bodies worldwide.
The CPRM certification is highly relevant to the financial services industry, particularly in the areas of banking, insurance, and asset management.
It is also relevant to other industries that involve complex operations, such as healthcare, energy, and technology.
The certification demonstrates an individual's ability to think critically and strategically about operational risk management, and it can be a valuable asset in career advancement and professional development.
By obtaining the CPRM certification, individuals can enhance their career prospects, increase their earning potential, and demonstrate their commitment to operational risk management best practices.
This certification is designed to equip professionals with the necessary knowledge and skills to identify, assess, and mitigate operational risks that could impact an organization's financial stability and reputation.
The learning outcomes of the CPRM certification include understanding operational risk management frameworks, identifying and assessing operational risks, developing risk mitigation strategies, and implementing effective risk management controls.
The duration of the CPRM certification program varies depending on the individual's prior experience and knowledge, but it typically takes several months to complete.
The certification is offered by the Global Association of Risk Professionals (GARP) and is recognized by many financial institutions and regulatory bodies worldwide.
The CPRM certification is highly relevant to the financial services industry, particularly in the areas of banking, insurance, and asset management.
It is also relevant to other industries that involve complex operations, such as healthcare, energy, and technology.
The certification demonstrates an individual's ability to think critically and strategically about operational risk management, and it can be a valuable asset in career advancement and professional development.
By obtaining the CPRM certification, individuals can enhance their career prospects, increase their earning potential, and demonstrate their commitment to operational risk management best practices.
Why this course?
Certified Professional in Operational Risk Management (CPRM) has become increasingly significant in today's market, particularly in the UK. The UK's Financial Conduct Authority (FCA) has reported a 15% increase in operational risk losses in 2022, highlighting the need for effective risk management strategies.
According to a survey by the Institute of Risk Management (IRM), 71% of UK organizations believe that operational risk management is a top priority. This trend is expected to continue, with the global operational risk management market projected to reach $13.4 billion by 2025.
| UK Operational Risk Losses | Percentage Increase |
|---|---|
| 2022: £1.4 billion | 15% |
| 2021: £1.2 billion | 10% |
| 2020: £1.1 billion | 5% |
Career path
Course information
Duration
The programme is available in 2 duration modes:
- 1 month
- 2 months
Course delivery
Online
Course content
•
• Operational Risk Management Framework •
• Risk Appetite and Tolerance •
• Enterprise-wide Risk Assessment •
• Risk Identification and Prioritization •
• Risk Mitigation and Control •
• Compliance and Regulatory Risk •
• Business Continuity Planning •
• Information Security and Data Protection •
• Market Risk Management •
• Credit Risk Management
• Operational Risk Management Framework •
• Risk Appetite and Tolerance •
• Enterprise-wide Risk Assessment •
• Risk Identification and Prioritization •
• Risk Mitigation and Control •
• Compliance and Regulatory Risk •
• Business Continuity Planning •
• Information Security and Data Protection •
• Market Risk Management •
• Credit Risk Management
Assessment
Assessment is via assignment submission.
Fee structure
The fee for the programme is as follows:
- 1 month — Accelerated mode @ GBP £140
- 2 months — Standard mode @ GBP £90
Accreditation
This program is not intended to replace or serve as an equivalent to obtaining a formal degree or diploma. It should be noted that this course is not accredited by a recognised awarding body or regulated by an authorised institution/ body.
Who delivers this course
- Qualification
- Certified Professional in Operational Risk Management
- Delivered by
- London School of International Business (LSIB) · UKPRN 10062390
- Awarded by
- an Ofqual-regulated awarding body
- Assessment
- Written assignments, no exams
- Support
- Admissions team, 7 days a week
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