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Operational Risk And Internal Controls Training Course

Introduction

Enhance your ability to protect your organization from internal and external threats with our comprehensive Operational Risk and Internal Controls Training Course. This program provides you with the knowledge and skills to identify, assess, and mitigate risk events, conduct effective RCSA, and implement robust fraud prevention measures. In today's complex business environment, a strong operational risk framework is essential for maintaining stability, safeguarding assets, and ensuring business continuity. Our risk management training course offers practical strategies and best practices for establishing and maintaining a resilient operational risk and internal controls framework.

This Operational Risk and Internal Controls training course delves into the critical aspects of operational risk management, including the identification and analysis of risk events, the application of Risk Control Self-Assessment (RCSA) methodologies, and the implementation of proactive fraud prevention techniques. You will learn how to design and implement effective internal controls, assess their adequacy, and monitor their performance. Whether you are a risk manager, internal auditor, or compliance officer, this course will equip you with the tools and techniques to minimize operational losses, improve efficiency, and enhance stakeholder confidence.

Target Audience:

  • Risk Managers
  • Internal Auditors
  • Compliance Officers
  • Operations Managers
  • Finance Professionals
  • Legal Counsel
  • Business Analysts

Course Objectives:

  • Understand operational risk concepts.
  • Identify and analyze risk events.
  • Conduct RCSA.
  • Implement fraud prevention
  • Design internal controls.
  • Assess control effectiveness.
  • Develop risk mitigation strategies.
  • Ensure regulatory compliance.

Duration

5 Days

Course content

Module 1: Introduction to Operational Risk

  • Understanding operational risk concepts.
  • Defining operational risk and its importance.
  • Exploring the Basel Committee's definition of operational risk.
  • Differentiating operational risk from other risk types.
  • Understanding the key elements of an operational risk framework.

Module 2: Risk Event Identification and Analysis

  • Identifying and analyzing risk events.
  • Understanding the concept of a risk event.
  • Identifying internal and external risk events.
  • Analyzing the causes and consequences of risk events.
  • Using loss data analysis for risk event identification.

Module 3: Risk and Control Self-Assessment (RCSA)

  • Conducting RCSA.
  • Understanding the purpose and benefits of RCSA.
  • Planning and preparing for the RCSA process.
  • Conducting the RCSA assessment.
  • Documenting and reporting RCSA results.

Module 4: Fraud Prevention

  • Implementing fraud prevention
  • Understanding the nature and types of fraud.
  • Identifying fraud risk factors.
  • Implementing preventive and detective fraud controls.
  • Developing a fraud response plan.

Module 5: Internal Control Design

  • Designing internal controls.
  • Understanding the principles of internal control.
  • Identifying key control objectives.
  • Selecting appropriate control activities.
  • Documenting internal control processes.

Module 6: Control Effectiveness Assessment

  • Assessing control effectiveness.
  • Understanding the importance of control testing.
  • Developing a control testing plan.
  • Performing control testing procedures.
  • Evaluating control deficiencies.

Module 7: Risk Mitigation Strategies

  • Developing risk mitigation strategies.
  • Identifying risk response options (e.g., acceptance, avoidance, transfer, mitigation).
  • Developing risk mitigation plans.
  • Implementing and monitoring mitigation actions.
  • Evaluating the effectiveness of risk mitigation strategies.

Module 8: Regulatory Compliance

  • Ensuring regulatory compliance.
  • Understanding relevant regulations and standards (e.g., SOX, Basel).
  • Implementing compliance controls.
  • Monitoring compliance with internal policies and procedures.
  • Addressing regulatory reporting requirements.

Training Approach

This course will be delivered by our skilled trainers who have vast knowledge and experience as expert professionals in the fields. The course is taught in English and through a mix of theory, practical activities, group discussion and case studies. Course manuals and additional training materials will be provided to the participants upon completion of the training.

Tailor-Made Course

This course can also be tailor-made to meet organization requirement. For further inquiries, please contact us on: Email: info@skillsforafrica.org, training@skillsforafrica.org  Tel: +254 702 249 449

Training Venue

The training will be held at our Skills for Africa Training Institute Training Centre. We also offer training for a group at requested location all over the world. The course fee covers the course tuition, training materials, two break refreshments, and buffet lunch.

Visa application, travel expenses, airport transfers, dinners, accommodation, insurance, and other personal expenses are catered by the participant

Certification

Participants will be issued with Skills for Africa Training Institute certificate upon completion of this course.

Airport Pickup and Accommodation

Airport pickup and accommodation is arranged upon request. For booking contact our Training Coordinator through Email: info@skillsforafrica.org, training@skillsforafrica.org  Tel: +254 702 249 449

Terms of Payment: Unless otherwise agreed between the two parties’ payment of the course fee should be done 7 working days before commencement of the training.

Course Schedule
Dates Fees Location Apply
12/05/2025 - 16/05/2025 $4500 Dubai
19/05/2025 - 23/05/2025 $1500 Nairobi
26/05/2025 - 30/05/2025 $1500 Nairobi
02/06/2025 - 06/06/2025 $1500 Nairobi
09/06/2025 - 13/06/2025 $1750 Mombasa
16/06/2025 - 20/06/2025 $1500 Nairobi
23/06/2025 - 27/06/2025 $1500 Nairobi
07/07/2025 - 11/07/2025 $1500 Nairobi
14/07/2025 - 18/07/2025 $3500 Johannesburg
21/07/2025 - 25/07/2025 $1500 Nairobi
04/08/2025 - 08/08/2025 $1500 Nairobi
11/08/2025 - 15/08/2025 $1750 Mombasa
18/08/2025 - 22/08/2025 $1500 Nairobi
25/08/2025 - 29/08/2025 $1500 Nairobi
01/09/2025 - 05/09/2025 $1500 Nairobi
08/09/2025 - 12/09/2025 $3500 Dar es Salaam
15/09/2025 - 19/09/2025 $1500 Nairobi
22/09/2025 - 26/09/2025 $1500 Nairobi
06/10/2025 - 10/10/2025 $1500 Nairobi
13/10/2025 - 17/10/2025 $3000 Kigali
20/10/2025 - 24/10/2025 $1500 Nairobi
27/10/2025 - 31/10/2025 $1500 Nairobi
03/11/2025 - 07/11/2025 $1500 Nairobi
10/11/2025 - 14/11/2025 $1750 Mombasa
17/11/2025 - 21/11/2025 $1500 Nairobi
24/11/2025 - 28/11/2025 $1500 Nairobi
01/12/2025 - 05/12/2025 $1500 Nairobi
08/12/2025 - 12/12/2025 $1500 Nairobi
15/12/2025 - 19/12/2025 $1500 Nairobi
05/01/2026 - 09/01/2026 $1500 Nairobi
12/01/2026 - 16/01/2026 $1500 Nairobi
19/01/2026 - 23/01/2026 $1500 Nairobi
26/01/2026 - 30/01/2026 $1500 Nairobi
02/02/2026 - 06/02/2026 $1500 Nairobi
09/02/2026 - 13/02/2026 $1500 Nairobi
16/02/2026 - 20/02/2026 $1500 Nairobi
23/02/2026 - 27/02/2026 $1500 Nairobi
02/03/2026 - 06/03/2026 $1500 Nairobi
09/03/2026 - 13/03/2026 $3000 Kigali
16/03/2026 - 20/03/2026 $1500 Nairobi
23/03/2026 - 27/03/2026 $1500 Nairobi
06/04/2026 - 10/04/2026 $1500 Nairobi
13/04/2026 - 17/04/2026 $1750 Mombasa
20/04/2026 - 24/04/2026 $1500 Nairobi
04/05/2026 - 08/05/2026 $1500 Nairobi
11/05/2026 - 15/05/2026 $4500 Dubai
18/05/2026 - 22/05/2026 $1500 Nairobi
25/05/2026 - 29/05/2026 $1500 Nairobi