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OPOperational riskPractitioner

Operational Risk

Identify, measure and arbitrate the risk you cannot hedge

Operational risk is the only risk you can neither hedge nor diversify: you can only understand and reduce it. This path covers the full toolkit — taxonomy, loss data collection, risk and control self-assessment, key risk indicators, scenario analysis — and shows how to connect these to decisions rather than to spreadsheets.

What you will be able to do

  • Build a usable risk taxonomy
  • Run an RCSA campaign that produces decisions
  • Set up loss data collection with root cause analysis
  • Design key risk indicators that are genuinely predictive
  • Quantify an extreme scenario and present it to a committee

Intended audience

  • Operational risk analysts and managers
  • Permanent control
  • Internal audit
  • Finance functions

Courses in this track

  1. 1OP-101FoundationFreeOperational Risk FundamentalsThe only risk you can neither hedge nor diversify 4 lessons 48 min
  2. 2OP-201PractitionerRunning an RCSA campaignSurface decisions, not fill a matrix 4 lessons 48 min
  3. 3OP-202PractitionerLoss data collection and key risk indicatorsA database that drives decisions, indicators that give warning 4 lessons 49 min
  4. 4OP-301ExpertScenario analysis and quantificationQuantifying the extreme when history says nothing 3 lessons 37 min