Exam Preparation
CORP™Certified Operational Risk Professional
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English
Intermediate
FACE 2 FACE
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Course Overview
The Certified Operational Risk Professional (CORP) course is meticulously designed to deepen participants' understanding and practical skills in identifying and managing operational risks in complex business environments. Taught by seasoned professionals with active roles in board committees and directorial positions, this course goes beyond theoretical concepts, focusing heavily on practical appl
Key Takeaways
1
Demonstrate a comprehensive understanding of operational risk, its impact, and the importance of a risk-aware culture.
2
Apply the Three Lines Model and implement risk assessment frameworks, internal controls, and fraud mitigation strategies to enhance risk management.
3
Monitor, evaluate, and report on risk scenarios, utilizing advanced tools, risk registers, and proactive technologies.
4
Communicate and engage stakeholders on operational risk management, ensuring alignment with regulatory requirements and best practices.
5
Lead and continuously improve risk management strategies, adapting to emerging risks, organizational changes, and compliance standards.
International Academy of Business and Financial Management
The International Academy of Business and Financial Management™ (IABFM) is a global professional association offering certification training programs worldwide. IABFM™ hosts and organizes professional development courses and grants exclusive board designations to candidates who successfully meet its established standards and assessment criteria. With more than 200,000 members and affiliates across over 145 countries, IABFM™ focuses on advancing careers in business, finance, and management through specialized certifications.
Course Outline
Part 1
Introduction to Operational Risk
- What is Risk?
- Introducing Risk Management
- Overview of operational risk concepts and relevance to corporate governance.
- The different categories of operational risk
Risk Management Frameworks and Models
- Detailed examination of COSO and ISO 31000 frameworks.
- Integration of these frameworks into corporate risk management strategies.
- Workshops on customizing frameworks to fit organizational needs.
- Case studies focusing on the successes and failures of risk management implementations.
Part 2
The Three Lines Model in Practice
- Exploration of roles and responsibilities across the three lines model.
- Interactive sessions on collaboration and conflict resolution within the model.
- Simulations demonstrating the model’s application in risk identification and management.
- Analysis of case studies to identify model implementation challenges and solutions.
Assessment and Management of Operational Risks
- Techniques for identifying and assessing various types of operational risks.
- Lining objectives, risks, causes and controls.
- Use of technological tools to enhance risk monitoring and assessment.
- Developing the Risk Register
- Group Exercise – Developing the Risk Register
Part 3
Internal Controls and Mitigation Strategies
- Designing effective internal controls to mitigate identified risks.
- Hands-on activities to develop and implement control measures.
- Case studies to discuss control failures and lessons learned.
- Risk, Control Ownership and the development of treatment plans
Monitoring and Reporting of Risks
- Techniques for ongoing risk monitoring and the use of Key Risk Indicators (KRIs).
- Workshops on developing effective reporting mechanisms to inform management and stakeholders.
- Role-play to handle incidents and crises as part of the risk management process.
- Review of tools and software that support risk monitoring activities.
Part 4
Fraud Risk and Financial Crime
- Understanding the components of fraud risk and conducting fraud risk assessments.
- Case studies on major fraud incidents like Wirecard to illustrate risk factors and prevention strategies.
- Developing anti-fraud controls and compliance measures.
- Interactive sessions on ethical decision-making and its impact on operational risk.
Course Conclusion
- Recapitulation of key concepts and strategies discussed throughout the course.
- Final assessment through a comprehensive exam to test knowledge and application skills.
- Feedback session to gather participant insights and suggestions for course improvement.
Who Should Attend?
This highly practical and interactive course has been specifically designed for
This program will be of benefit to all Risk Management Staff, Internal and External Auditors, and Internal Control Officers.
FAQ
What language will the course be taught in and what level of English do I need to take part in a LEORON training program?
Most LEORON courses are delivered in English. However, there are some courses offered in Arabic, mainly online. For our in-house courses, sessions can be curated and delivered in any language upon request. In general, the best way to confirm language availability is to check with our Enrollment Managers for the most up-to-date information. Simply click on “Let’s talk on WhatsApp” to chat with us directly.
What formats are the courses offered in?
LEORON delivers training in various formats including face-to-face, live virtual sessions, self-paced learning, in-house delivery as well as online courses.
Are LEORON Public courses certified by an official body/organization?
Yes, most LEORON public courses are accredited by internationally recognized bodies such as CIPD, ATD, PMI, EdEx, and many others—depending on the course.
Who accredits LEORON’s training programs?
LEORON partners with over 20 international bodies such as PMI, CIPD, ATD, EdEx, NASBA, CISI, GARP, HRCI, SHRM, ACCA, ASQ, IIA, ILM, IAC, and others
Are CPD points or PDUs provided?
Yes, learners can earn CPD credits and professional development units (PDUs) including NASBA CPEs, PMI PDUs, CISI, GARP, HRCI, SHRM, and more.
How can I register for a course?
You can register through our website by filling in the inquiry form, or by speaking directly with one of our consultants via WhatsApp or email. Once we confirm your interest, we’ll guide you through the steps.
When is the registration deadline for public courses?
Registration typically closes 14 days before the course start date, with occasional late registrations accepted upon confirmation
What is included in the course fee?
The fee generally covers 5-star venue facilities, training materials, certified instruction, lunches and refreshments, plus certification and membership where applicabl0065
Are there group rates or discounts?
Yes, group bookings and corporate-level discounts are available. Learners are encouraged to reach out to discuss specific arrangements
What support is available with registration?
Enrollment Managers and a Registration Desk assist with the entire process, including deadlines, travel logistics, and course customization. As well as any other special requests you might have. Simply to go your preferred course and click on “Let’s chat on WhatsApp” to do so.
Can I request a bespoke course at my location or within my organization?
Yes, in-house training is fully customizable in terms of curriculum, language, delivery, and timing. You can suggest dates and locations. Simply to go your preferred course and click on “Let’s chat on WhatsApp” in order to address any questions or concerns in this regards.
What is the refund or cancellation policy?
Refund and cancellation policies vary depending on the course type and location. Generally, cancellations made at least 14 days before the course start date may be eligible for a full or partial refund, while cancellations made closer to the course date may incur a fee. For exact terms, please consult your Enrollment Manager or refer to the course confirmation email.
Can I register multiple employees from my company?
Yes. We support group registrations and offer corporate packages for organizations enrolling multiple participants. Our team can help coordinate the logistics for group bookings.
Who should attend these courses?
LEORON caters to a variety of professionals: from those seeking leadership development to project managers, HR specialists, finance professionals, cybersecurity, procurement, Ai enthusiasts and many others.
Do I need prior experience or academic qualifications?
Not always. Many specialized paths, like cybersecurity, accept learners without prior experience. However, some courses (e.g., PMI PDU-based ones) may have recommended prerequisites. Its always better to chat with one of our Enrollment Managers to discuss more. Simply to go your preferred course and click on “Let’s chat on WhatsApp” to do so.
Will I receive a certificate after completing the course?
Yes. Upon full attendance and successful completion, you will receive a certificate of participation or accreditation, depending on the course.
Are meals and refreshments included in face-to-face courses?
Yes. For in-person courses, lunch and coffee breaks are provided daily at the venue.
Can LEORON deliver a course in-house at our organization?
Absolutely. All programs can be delivered privately at your company or virtually for your team, customized to match your internal goals and structure.
Reviews
- Review:IAMM Internal Audit Maturity ModelIn recognition of their dedication and contribution supporting IKEA Saudi Arabia in arranging training programs during 2017 & 2018, looking forward for more development and exciting effort this year. On behalf of IKEA Saudi Arabia, THANK YOU!Dalal Kutbi
- Review:Certified Professional in Quality and Patient SafetyDating back to 2014, Mobily’s “LEORON” experience has grown from a single collaboration to a long-term partnership. We consider “LEORON” Institute as a strategic partner, whose contribution has been nothing but premium in equipping our staff with field-based knowledge and information. Past three years have resulted with an expanded collaboration with superior customer service and support. Best Regards,Turki S. Alsahaan
- Review:BIDV Training SchoolI would like to thank Mile and remarkable team in LEORON for all your support in organizing this course. I also would like to take this opportunity to send a special “thank you” to Philip for all the inspiration you have provided, and enthusiasm that made the class enjoyable. I have to say finding an expert in the field is hard but finding an inspiring trainer like you is even harder. Your knowledge, experience and dedication to the course play a vital role in making this course extra meaningful. The participants highly appreciate your expertise and helpful, charming attitude & teaching method. It has been a pleasure working with all of you and I am very much looking forward to our future cooperation.BIDV Training SchoolBIDV Training School
- Review:Certified Professional in Quality and Patient SafetySince the partnership was signed between BAE Systems Saudi Development & Training and LEORON in 2017, we have been working together to offer the Saudi market a complete portfolio of training solutions benefiting from the wide and extensive experience of both parties. Recognizing the great success of this partnership, we are looking for further collaborations in the future that will position both companies as one of the leading training providers in Saudi Arabia. We thank the LEORON team for their full cooperation and continuing support, and look forward to further success together in the years to come.Emad Alrajih
- Review:Certified Professional in Quality and Patient SafetyWe have been working with LEORON for the past two years and will be working with them again this upcoming year. The programs they delivered were fruitful and exciting and our organization has received positive feedback from the participants. What our organization aims to do is to provide at no cost training for all the private sector employees so that they may benefit from our offered programs in Innovation and Professional development. Leoron has helped us achieve this goal. We look forward to continuing this service and wish them the best of luck. Regards,Nasser M. Al-Subaie
