Strategic Operational Risk Management
is designed for risk professionals and business leaders who want to mitigate operational risks and ensure the resilience of their organizations. This program helps learners understand the operational risk landscape and develop effective strategies to identify, assess, and manage risks. By learning from industry experts, participants will gain practical knowledge on risk governance, risk culture, and risk-based decision-making. They will also explore advanced techniques for risk monitoring, reporting, and mitigation. Are you ready to take your risk management skills to the next level? Explore this program further to learn more.
Benefits of studying Professional Certificate in Strategic Operational Risk Management
Strategic Operational Risk Management is a vital component of today's market, particularly in the UK. The financial sector, for instance, is heavily regulated, with the Financial Conduct Authority (FCA) enforcing strict guidelines to mitigate operational risks. According to a report by the UK's Financial Services Compensation Scheme (FSCS), in 2020, the FSCS paid out £1.4 billion in compensation to customers, with the majority of claims related to operational issues.
| Year |
Number of Claims |
Amount of Compensation |
| 2015 |
2,500 |
£500 million |
| 2016 |
3,000 |
£600 million |
| 2017 |
2,800 |
£700 million |
| 2018 |
3,200 |
£800 million |
| 2019 |
2,900 |
£900 million |
| 2020 |
3,000 |
£1.4 billion |
Learn key facts about Professional Certificate in Strategic Operational Risk Management
The Professional Certificate in Strategic Operational Risk Management is a comprehensive program designed to equip learners with the necessary skills and knowledge to identify, assess, and mitigate operational risks in a strategic manner.
This program is ideal for professionals working in various industries, including finance, healthcare, and energy, who want to enhance their risk management skills and contribute to the success of their organizations.
Upon completion of the program, learners can expect to gain a deep understanding of operational risk management principles, including risk identification, risk assessment, and risk mitigation strategies.
The program covers a range of topics, including risk governance, risk culture, and risk management frameworks, as well as advanced topics such as scenario planning and stress testing.
The duration of the program is typically 12 weeks, with learners completing a series of online modules and assignments.
The program is highly relevant to the industry, as operational risk management is a critical aspect of business operations in many sectors.
By completing this program, learners can demonstrate their expertise in strategic operational risk management and enhance their career prospects in the field.
The program is also designed to be flexible, with learners able to complete the program at their own pace and on their own schedule.
Overall, the Professional Certificate in Strategic Operational Risk Management is a valuable investment for professionals looking to advance their careers and contribute to the success of their organizations.
Who is Professional Certificate in Strategic Operational Risk Management for?
| Ideal Audience for Professional Certificate in Strategic Operational Risk Management |
This course is designed for senior managers and professionals in the UK's financial services sector, particularly those in the following roles: |
| Risk Managers |
With 1 in 5 UK businesses experiencing a cyber attack, risk managers must be equipped to identify and mitigate operational risks. This course will help you develop the skills to assess and manage operational risk, ensuring your organization's resilience and compliance with regulatory requirements. |
| Compliance Officers |
Compliance officers play a critical role in ensuring regulatory adherence. By completing this course, you'll gain a deeper understanding of operational risk management, enabling you to effectively implement controls and mitigate potential risks, thereby reducing the likelihood of fines and reputational damage. |
| Business Continuity Managers |
Business continuity managers must be able to anticipate and respond to disruptions. This course will equip you with the knowledge and skills to develop and implement effective business continuity plans, ensuring minimal disruption to your organization's operations and reputation. |
| Auditors |
Auditors rely on professionals who understand operational risk management. By completing this course, you'll gain a comprehensive understanding of operational risk management, enabling you to conduct more effective audits and provide valuable insights to organizations seeking to improve their risk management practices. |