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Elements of an Operational Risk Management Program

Highlights the benefits of a strong operational risk program and identifies the key components banks should include, regardless of size or location. Provides an introduction to key definitions, types of risks, key risk indicators, monitoring and controlling risks, and identifying emerging trends.

Updated: July 2019

What You'll Learn

After successfully completing this course, you will be able to:

  • Explain the importance of an operational risk management program
  • Describe the categories of risks faced by banks
  • Identify the key components of an operational risk management framework
  • Describe in general the processes used by banks at each of these lifecycle stages:
    • ​Risk Identification
    • Risk Assessment
    • Risk Reporting
    • Risk Monitoring


Risk and internal audit professionals; third-party service providers and state/federal examiners; first-line risk and operations managers with responsibilities for operational risk management, including implementing, managing, monitoring, reporting, auditing and/or supporting an effective operational risk management program, policies and procedures.

Course Credits

ABA Professional Certifications: 1.0 CAFP, CERP, CRCM, CSOP

ABA Certificates​: This course applies to the ABA Certificate in Operational Risk Management

Your Instructor

Ryan Rasske
Senior Vice President of Risk and Compliance, American Bankers Association

Prior to joining the ABA, Ryan was employed with the U.S. Secret Service before starting his banking career at E*TRADE Bank. From there he assumed various senior leadership roles within risk management and worked closely with different financial institutions to enhance their risk governance frameworks.​

​Questions? Please contact ABA Training​ for more information.



Purchase for a Team
To license this course to your bank for multiple learners, please contact ABA Training.


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