Partner
Exam Preparation

CORP™
Certified Operational Risk Professional

Rating:
4.8
English
Intermediate
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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 applications that reflect real-world challenges. Participants will be immersed in a dynamic learning environment, where they will engage in activities like simulations, detailed case studies, and interactive workshops aimed at identifying risks, analyzing their root causes, and designing effective controls. Instructors will utilize many gamification techniques to ensure participants are effectively capturing the related concepts. 

This course adopts a thorough approach, integrating the Three Lines Model with a strong emphasis on linking operational risks directly to business objectives. This ensures a strategic alignment that enhances the ability to assess, prioritize, and manage risks effectively. Participants will learn to design and implement comprehensive risk controls and develop robust risk registers as part of their risk management toolkit. The course structure is crafted to not only impart essential knowledge but also refine the skills necessary for professionals to navigate, analyze, and mitigate risks efficiently, making it an invaluable resource for anyone looking to excel in operational risk management.

Farah M.
Specialist - Program Enrollment
[email protected]
Let’s talk on WhatsApp

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
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The International Academy of Business and Financial Management™ is one of the world’s fastest growing professional association with more than 200,000 members, associates and affiliates in 145 countries. IABFM™ hosts and organizes certification training worldwide and offers exclusive board designations to candidates who meet the highest professional standards and assessment criteria. The IABFM is credited by the American National Standards Institute (ANSI) the International Standards setting authority.

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.

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FAQ

What language will the course be taught in and what level of English do I need to take part in an LEORON training program?
Most of our public courses are delivered in English language. You need to be proficient in English to be able to fully participate in the workshop and network with other delegates. For in-house courses we have the capability to train in Arabic, Dutch, German and Portuguese.
Are LEORON Public courses certified by an official body/organization?
LEORON Institute partners with 20+ international bodies and associations. We also award continuing professional development credits (CPE/PDUs) for:1. NASBA (National Association of State Boards of Accountancy) 2. Project Management Institute PDUs 3. CISI credits 4. GARP credits 5. HRCI recertification credits 6. SHRM recertification credits
What is the deadline for registering to a public course?
The deadline to register for a public course is 14 days before the course starts. Kindly note that occasionally we do accept late registrations as well, but this needs to be confirmed with the project manager of the training program or with our registration desk that can be reached at +1071 4 1075 5711 or [email protected].
What does the course fee cover?
The course fee covers a premium training experience in a 5-star hotel, learning materials, lunches & refreshments, and for some courses, the certification fee and membership with the accrediting bodies.
Does LEORON give discounts?
Yes, we can provide discounts for group bookings. If you would like to discuss a discount on a corporate level, we will be happy to talk to you.

Reviews

  • Review:
    IAMM Internal Audit Maturity Model
    In 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 Safety
    Dating 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 School
    I 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 School
    BIDV Training School
  • Review:
    Certified Professional in Quality and Patient Safety
    Since 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 Safety
    We 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