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OPERATIONAL RISK MANAGEMENT - APRM03W

NQF level: Credits:
Module presented in
Purpose: Content: Topic 1: Introduction to the concept of operational risk Origin and importance of operational risk Defining operational risk Interrelationship between operational risk and other risk types Challenges facing operational risk management Topic 2: Operational risk management framework Risk management culture Risk management strategy Risk management structure Risk management process Risk identification Risk evaluation (Measurement and assessment) Risk control Risk financing Risk monitoring Topic 3: Operational risk management methodologies Incident and loss management Risk and Control Self-assessments Key Risk Indicators Scenarios Topic 4: Operational risk modeling Loss distributions Severity and Frequency of loss incidents Expected and unexpected losses Capital allocation for operational risk Operational risk appetite