DEPARTMENT OF FINANCE, RISK MANAGEMENT AND BANKING
OPERATIONAL RISK MANAGEMENT RSK4801
Topic 1: Overview of Operational Risk Management
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RSK4801/1/2012 - 2015
TOPIC 1: OVERVIEW OF OPERATIONAL RISK MANAGEMENT AIM The aim of this topic is to introduce students to Operational Risk Management and the benefits that can be derived from effectively implement an operational risk management framework.
LEARNING OUTCOMES At the end of this topic, the student will be able to: argue the definition operational risk; argue the definition enterprise risk management; analyse and argue the interrelationships between different risk types; analyse and argue the cause and effect relationship; and evaluate the operational risk management framework.
TOPIC CONTENT Study Unit 1: The focus on risk management Study Unit 2: The business case for operational risk management
OVERVIEW The 1 topic gives a brief introduction and overview of operational risk management. The topic will form the basis for the rest of the course. It is also important to pay attention to the case studies included in the study units as it gives a good background on real life experiences and provides insight in what can go wrong and how companies mismanaged, managed and prevented incidents. st 1
STUDY UNIT 1: THE FOCUS ON RISK MANAGEMENT CONTENTS Aim Key concepts Learning outcomes Learning material Assessment