Operational Risk Assessment Qualification

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Operational Risk Assessment Qualification

Overview

Operational Risk Assessment Qualification

Designed for professionals in the financial industry, this qualification focuses on identifying, assessing, and managing operational risks within organizations. Participants will learn how to evaluate potential risks, develop mitigation strategies, and ensure compliance with regulatory requirements. The course covers key concepts such as risk appetite, control frameworks, and incident response planning. By obtaining this qualification, individuals can enhance their skills and credibility in the field of operational risk management.


Ready to take your risk assessment skills to the next level? Enroll now and unlock new opportunities in your career!

The Operational Risk Assessment Qualification is a comprehensive program designed to equip professionals with the skills and knowledge needed to identify, assess, and mitigate operational risks within organizations. This course offers a deep dive into risk management frameworks, regulatory requirements, and best practices, preparing individuals for a successful career in the field of operational risk. Graduates of this qualification can expect to enhance their career prospects by demonstrating expertise in a critical area of business operations. With a focus on practical application and real-world scenarios, this course stands out for its hands-on approach and industry-relevant curriculum. Take the next step in your career with the Operational Risk Assessment Qualification. (18)

Entry requirements




International Students can apply

Joining our world will be life-changing with a student body representing over 157 nationalities.

LSIB is truly an international institution with history of welcoming students from around the world. With us, you're not just a student, you're a member.

Course Content

• Risk identification
• Risk assessment methodologies
• Key risk indicators
• Risk appetite and tolerance
• Risk mitigation strategies
• Incident reporting and management
• Regulatory requirements
• Scenario analysis
• Root cause analysis
• Risk culture and governance

Assessment

The assessment is done via submission of assignment. There are no written exams.

Fee and Payment Plans

30 to 40% Cheaper than most Universities and Colleges

Duration

The programme is available in two duration modes:

6 months: GBP £1250
9 months: GBP £950
This programme does not have any additional costs.
The fee is payable in monthly, quarterly, half yearly instalments.
You can avail 5% discount if you pay the full fee upfront in 1 instalment

6 months - GBP £1250

9 months - GBP £950

40% Cheaper

Our course fee is up to 40% cheaper than most universities and colleges.

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Accreditation

 Awarded by an OfQual regulated awarding body

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  • 1. Complete the online enrolment form and Pay enrolment fee of GBP £10.
  • 2. Wait for our email with course start dates and fee payment plans. Your course starts once you pay the course fee.
  • Apply Now
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+44 (0) 20 3608 0144



Career path

Career Opportunity Description
Operational Risk Analyst Conduct risk assessments to identify potential operational risks and develop strategies to mitigate them.
Compliance Officer Ensure adherence to regulatory requirements by assessing operational risks and implementing compliance measures.
Risk Management Consultant Provide expert advice on operational risk assessment to organizations seeking to enhance their risk management practices.
Internal Auditor Evaluate internal controls and processes to identify operational risks and recommend improvements for risk mitigation.
Operational Risk Manager Oversee the development and implementation of operational risk assessment frameworks to proactively manage risks within an organization.

Key facts about Operational Risk Assessment Qualification

Operational Risk Assessment Qualification is a comprehensive training program designed to equip professionals with the necessary skills to identify, assess, and mitigate operational risks within an organization. The learning outcomes of this qualification include understanding the key principles of operational risk management, developing risk assessment frameworks, and implementing effective risk mitigation strategies.
The duration of the Operational Risk Assessment Qualification typically ranges from a few days to a few weeks, depending on the depth and breadth of the curriculum. Participants can expect to engage in interactive workshops, case studies, and practical exercises to enhance their understanding of operational risk assessment.
This qualification is highly relevant across various industries, including banking, insurance, healthcare, and manufacturing, where operational risks can have significant financial and reputational implications. Professionals in roles such as risk managers, compliance officers, internal auditors, and business analysts can benefit from obtaining this qualification to enhance their risk management skills and advance their careers.
Overall, the Operational Risk Assessment Qualification provides a valuable opportunity for professionals to enhance their expertise in identifying and managing operational risks, ultimately contributing to the overall resilience and success of their organizations.

Why this course?

Operational Risk Assessment Qualification (ORAQ) is becoming increasingly important in today's market as businesses face growing challenges in managing operational risks. In the UK, operational risk incidents have been on the rise, with a 12% increase reported in 2020 compared to the previous year. This highlights the need for professionals with specialized skills in identifying, assessing, and mitigating operational risks to protect their organizations from potential financial losses and reputational damage. According to recent data, 67% of UK businesses believe that operational risk is a significant threat to their operations, underscoring the importance of having qualified professionals who can effectively manage these risks. Obtaining an ORAQ certification can provide individuals with the knowledge and skills needed to navigate the complex landscape of operational risk management, making them valuable assets to their organizations. By investing in ORAQ training, professionals can stay ahead of the curve and meet the evolving demands of the market. With the increasing focus on regulatory compliance and risk management, having a solid understanding of operational risk assessment is essential for career advancement and ensuring business resilience in today's competitive environment.

Who should enrol in Operational Risk Assessment Qualification?

The ideal audience for the Operational Risk Assessment Qualification is individuals working in the financial sector, particularly those in risk management roles.
This qualification is perfect for professionals looking to enhance their skills in identifying, assessing, and mitigating operational risks within their organizations.
In the UK, operational risk incidents have cost financial institutions billions of pounds in recent years, making this qualification highly relevant for those seeking to protect their organizations from such losses.