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Course Title: PECB-Certified Operational Risk Manager
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Certification Offered?
Certification Provided By:
Continuing Professional Development (CPD) Credits Offered?
Number of CPD’s for successful completion of this course:
Certification Program Overview
The PECB-certified
Exam: PECB-certified Operational Risk Management Foundation Exam
Professional Experience: None required to take this course and exam.
ORM Experience: None required to take this course and exam.
Other Requirements: Signing the PECB Code of Ethics
Provisional
Operational Risk Management Manager
PECB-certified Operational Risk Manager Exam
None required to take this course and exam.
None required to take this course and exam.
Signing the PECB Code of Ethics
Exam: PECB-certified Operational Risk Manager Exam
Professional Experience: Two years; one year of work experience in operational risk management.
ORM Experience: Operational Risk Management activities; a total of 200 hours
Other Requirements: Signing the PECB Code of Ethics
Exam: PECB-certified ORM Lead Manager Exam
Professional Experience: Ten years; seven years of work experience in operational risk management
ORM Experience: Operational Risk Management activities; a total of 1000 hours
Other Requirements: Signing the PECB Code of Ethics
Curricula Overview
In partnership with PECB, the purpose of the ORM Certification Curricula is to provide the required knowledge that Operational Risk Managers need to possess in order to enter, manage and lead operational risk management practice and process disciplines in financial services.
The content of this program covers various published sources, market standards, general market practice, as well as findings from recent research. The intention is to collate as much relevant knowledge for professional development as possible in one program. This will provide a comprehensive view of ORM standards and theory, and the best market practices for professionals in the field.
The qualified trainers, course content and related exams help professionals acquire and demonstrate the skills and ability to execute their function effectively and gain professional recognition in the field.
Upon completion of the training course, you can take the relevant exam and apply to be ‘PECB Certified Operational Risk Manager’. Candidates can select the coverage and examination required to obtain the certification at:
Operational Risk Manager (3-day course)
Operational Risk Lead Manager levels (5-day course)
Learning Objectives
Who should attend?
The certification course is intended for stakeholders from a variety of audiences, including:
Agenda
3-Day Course: ORM Risk Manager Certification
Day 1
Block 1:
Regulatory Context and Risk Governance
Regulatory context
The role of governance
Three Lines Model
The role of risk committees
Block 2:
Framework and Policies
ORM framework
The role of policies and procedures
Operational risk policy and minimum standards
Block 3:
Risk Appetite
Industry guidance on risk appetite
Structure of actionable risk appetite
Communicating risk appetite
Day 2
Block 4:
Incident Data Collection
Incident data collection standards
Categorizing risk events
Roles and responsibilities in incident data collection
Analyzing and reporting on incident data
Learning from external loss data
Block 5:
Risk and Control Self-Assessment (RCSAs)
RCSA: definition, scope and process
Heatmaps and risk scales
Controls and risk mitigation types
Running an RCSA process and reporting on it
Day 3
Block 6:
Risk Culture
Defining and monitoring conduct in financial organizations
Defining risk culture
Risk culture drivers and change management
The Use Test
Block 7:
Key Risk Indicators (KRIs)
Definitions and roles of KRIs
KRI selection framework
Reporting on KRIs
Why choose this course?
Educational approach
Body of Knowledge
The body of knowledge has been developed by a team chosen for their expertise and their contribution in the field of operational risk.
This Body of Knowledge (BoK) document covers the core information that underpins the ORM Certification. Its purpose is to define the theoretical and professional knowledge that candidates must demonstrate to receive the ORM Certification. The content is organized in such a way that candidates can select the coverage and examination required to obtain the certification at ORM Foundation, Operational Risk Manager and Operational Risk Lead Manager levels.
Where can I see the body of knowledge of the PECB certifications?
You can see the details of Body of Knowledge certifications on the following link
Price and Terms
The Certification course costs 2160 euros (excluding VAT, when applicable).
$2,195.00 USD
The price covers:
Discounts*:
