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| Module presented in |
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| 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
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