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Operational Risk

Live Online Training

CFA Melbourne
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.

Online Class Technology

Live Online Classes are being conducted using professional grade IT conferencing system from Citrix. The students can interact with the faculty in real-time during the class using chat and voice. The students will be required to install a light-weight IT application on their device which could be a laptop, desktop, tablet or a mobile. Citrix supports Windows, iOS operating system and recommends an internet speed of 1 MBPS at the user's end.

About Operational Risk Modeling

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.

Why Operational Risk Modeling?

• 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

Target Audience

• 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

Course Highlights

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)
10000 14000
Online Recordings
Downloadable Models
24 * 7 Access
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What is the duration of the course? Who would be the faculty? Where can I get doubt clarifications?
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..

Global Association of Risk Professionals, Inc. (GARP®) does not endorse, promote, review or warrant the accuracy of the products or services offered by EduPristine for FRM® related information, nor does it endorse any pass rates claimed by the provider. Further, GARP® is not responsible for any fees or costs paid by the user to EduPristine nor is GARP® responsible for any fees or costs of any person or entity providing any services to EduPristine Study Program. FRM®, GARP® and Global Association of Risk Professionals®, are trademarks owned by the Global Association of Risk Professionals, Inc

CFA Institute does not endorse, promote, or warrant the accuracy or quality of the products or services offered by EduPristine. CFA Institute, CFA®, Claritas® and Chartered Financial Analyst® are trademarks owned by CFA Institute.

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