Risk Management: Operational Risk Training Course

Understand operational risk through real-life case studies

What is operational risk and how can it be managed?

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Risk is defined as the ‘effect of uncertainty on achieving objectives’, or more simply ‘any chance of loss’ that a business may incur. Risks are theoretical, and will always exist – although firms can manage the impact down, the risk will never go away.

Risks can be categorised into a number of sub-types, and in this risk management series we will explore:

Financial risk
Conduct risk
Operational risk

Operational risk is formally defined by the Basel Committee on Banking Supervision (BCBS) as the risk of loss resulting from inadequate or failed internal processes, people and systems, or from external events. Operational risk can have a profound impact on a firm, its clients, its staff, and the public, so understanding its sources is crucial to mitigating its consequences.

In this course you will learn about operational risk; what the FCA’s expectations are in relation to operational risk; how to meet those expectations, and what happens if operational risks are not properly managed.

This course has been designed to help people understand operational risk through real-life case studies and hypothetical examples. Learners will be assessed on their knowledge and understanding through a test at the end of the course.

Adjustments can be made to suit the needs of your company – please contact us for more information.

Learning options

Every course is fully accessible, so this course is also available as:

Spoken word audio – perfect for learning on the move
A voice reader compatible version as a W3C AA online workbook
A complimentary workbook – a printer-friendly PDF download compatible with all devices and readers

Part 1

What is operational risk, and what are the Financial Conduct Authority’s expectations?

Part 2

How can you meet the FCA’s expectations?

Part 3

What happens if operational risks are not properly managed?

Part 4

Contains a multiple-choice knowledge test based on the course content

Course features

Translation available
WCAG version available
Podcast
Add your own photography and policies
Customisation available, with bespoke scenarios
Downloadable workbook
Smartphone version
End of course certificate
CPD certified
Sector specific versions available

ABOUT CIPHR ELEARNING

Learning content delivered by Ciphr, powered by Marshalls

Always up-to-date
If you buy this course you’ll get any updates we make, and always be up-to-date with current legislation

Learning by design
It’s a highly interactive course with rich graphics and audio-visual content blending a variety of question-types to encourage your learners to apply concepts to their daily work routine. An (optional) end-of-course test assesses learners on the level of knowledge they’ve retained. Pass rates can be set as required

Easy to implement and customise
Our in-house developers can quickly and effectively adapt this course to your sector and organisation. You could also add your own graphics, photos and video, and amend content to include your policies, procedures, and key areas

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Now delivered by Ciphr, we're excited to offer you the same trusted content. Say yes to engaging, empowering and educational eLearning that makes a real difference.

Risk Management: Operational Risk Training Course

ELEARNING CONTENT FOR EVERYONE

Course parts

ABOUT CIPHR ELEARNING

Put your people front and centre