Operational Risk Modeling

Operational risk modeling program is designed to learn the concepts of measuring, monitoring and mitigating the risk of direct or indirect loss caused from inadequate or failed internal processes or from external events.

120 Ratings

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About COURSE

Operational risk modelling program provides competitive edge in the fastest growing field of risk management. 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.

Online Recording

Video lessons with time duration of about 20 hours
Case Study

Hands-on Case Study (Real Life) based learning
Forum

Forums to interact with faculty
24x7 Online Access

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

Operational Risk (view option)
10,500 Operational Risk (Download Option)
14,700

Course Structure

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

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For corporate enquiries contactcorporate@edupristine.com

Schedule WHEN

Location	Start Date	Batch Type	Class Timing

Location	Start Date	Batch Type	Class Timing

Location	Start Date	Batch Type	Class Timing

Location	Start Date	Batch Type	Class Timing

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Benefits WHY?

The course will enable you to:
Provides a solid understanding of statistical concepts required for Risk Management jobs

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

A Risk Manager earns an average salary of Rs 9,92,343 per year.

Reviews WHAT OTHERS SAY

EduPristine is a great place to start your finance career. It has a good faculty and after completing your course they also provide great placement assistance.I sincerely thanks EduPristine for this and looking forward for continuing my relations with them.

Deepesh Jain