Risk
Operational Risk and Stress Testing
Operational Risk Categories, Basel Definitions, and Stress Test Design
4 CPD credits on completion
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Certificate on completion
Downloadable resources
Self-paced learning
About This Course
Course Information
This course covers Operational Risk Categories, Key Risk Indicators, Building Scenarios and Role of Management & Audit.
Certificate on Completion
This course is made up of videos, questions and additional reading materials and accounts for 4 units of CPD. One unit is the equivalent of one hour of learning. A certificate will be issued once you have completed all 4 units.
Course Sections
This course is made up of the following sections:
- Operational Risk Categories (video)
- Key Risk Indicators (video)
- Operational Risk (quiz)
- Building Scenarios (video)
- Role of Management and Audit (video)
- Stress Testing (quiz)
- Additional reading materials
What You Will Learn
- Define operational risk using the Basel Committee's 2011 definition and explain how it differs from market and credit risk
- Identify the seven Basel categories of operational risk, from internal fraud to business disruption
- Describe how stress tests are designed using both historical scenarios and hypothetical shocks to risk variables
- Distinguish between routine stress testing (monthly or quarterly) and ad-hoc stress tests for emerging risks
- Explain the role of stress testing alongside VaR and expected shortfall in presenting an enterprise-wide risk view
- Assess the challenges of selecting time horizons and building scenarios that avoid the assumption that the future will repeat the past
Who This Course Is For
- Risk professionals responsible for operational risk identification, measurement, or reporting
- Compliance and audit professionals in financial institutions who need to understand stress testing frameworks
- Finance professionals seeking to broaden their knowledge of non-market, non-credit risk categories
Prerequisites
- General awareness of how financial institutions manage risk across different categories
- No prior knowledge of operational risk frameworks is required; the course builds from definitions
Frequently Asked Questions
Course Details
CPD Credits4
CertificateYes
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Everything included in your subscription:
CPD certificate on completion
Downloadable resources
Self-paced learning
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