Operational risk modeling helps in measuring, monitoring and mitigating the risk of direct or indirect loss caused from inadequate or failed internal processes or from external events.


Operational risk modeling helps in measuring, monitoring and mitigating the risk of direct or indirect loss caused from inadequate or failed internal processes or from external events. With the growing sophistication of financial institutions, mitigating operational risk has become a prime concern for institutions as well as regulatory bodies. To mitigate operational risk, a comprehensive approach is required that asks for a strong fundamental knowledge of statistics and current regulatory literature, both of which is covered in the course.


  • Provides a solid understanding of statistical concepts required for Risk Management jobs
  • Provides a competitive edge in the fastest growing field of Risk Management
  • It is a prerequisite for Operational Risk jobs in the Risk Management field
  • Gives you excellent skills that help you advance your career in the Operational Risk field
  • Covers concepts such as Distribution Fitting (MLE, MME etc.)
  • It includes a detailed analysis of capital implications of Modeling decisions
  • It has a comprehensive coverage of operational risk of Basel-II implementation


This program is suitable for people in Risk Management, particularly those who focus on operational and credit risk models for their organizations


  • Should be comfortable with Microsoft Excel
  • The participant should also be familiar and have working knowledge of operational risk concepts


  • Introduction to operational risk modeling
  • Basic concepts related to probability distributions
  • Modeling number of losses using Excel: Frequency distributions
  • Modeling size of losses using Excel: Severity distributions
  • Fitting distributions to data: Parameter estimation
  • Examining goodness of fit
  • Aggregate loss modeling
  • Aggregating VaR estimates across Business Lines and Event types
  • Precautions while using EVT/GPD to avoid overestimation of capital reqt
  • How confident are you about parameter estimates?
  • Using External data in OpVaR
  • Combining capital estimates based on internal data, external data and scenario analysis
  • Operational risk modeling software
  • Introduction to R: an open-source operational risk modeling software


Online Training

20 Hrs of Operational Risk training

Case Study

Hands-on Case Study (Real Life) based learning


Forums to interact with faculty


24 X 7 Online Access* to Online materials & Tests Our doubt solving forum to interact with faculty & fellow students

Operational Risk
Operational Risk (view option) Operational Risk (Download Option)
Course Fees 10500 14700
Online Recordings
Downloadable Models
24 * 7 Access
Buy Buy


20 hours of asynchronous recordings that you can listen to at your ownpace.

Faculty would be an expert market professional working in the field of risk management for more than 10 years.

We have an active forum, where you can raise your doubts and our expert faculty would be happy to share our knowledge.


EduPristine Faculty has a very clear knowledge and skill set to take the participants from basic to building a model on their own in short span. Its the quickest training possible I could say. The speed at which they go is just adequate and covers requirments. Its been a great networking platform to connect with people of like minds as well as people of other sectors.

Pursuing BMS, Level I CFA Exam in June 2012, Great Content by EduPristine! Extra Practice time would be beneficial to give good overall prospective of Real Estate for Freshers..

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