Lesson One draft | Operational Risk Man

Class 1 Intro

“Simplicity is necessary to avoid getting confused with irrelevancies, which are everywhere.”

This course will help you identify those irrelevancies and how to ignore them

What an (Operational) Risk Manager does

Exposure

identify the potential financial and reputational losses business activity is exposed to

Control

develop controls to contain the exposures (potential financial and reputational losses) within the risk appetite

Resiliance

develop the financial and operational resilience to rapidly recover after a loss happens

Goverance

Implement a governance structure that specifies the who, what, when to ensure the identification, control and resilience are properly and timely implemented, including meeting regulatory expectations