Advanced Operational Risk Mitigation Strategies

Operational risk is unavoidable — but its impact can be minimized through strategic foresight and advanced mitigation planning. DIXONTECH introduces this high-level course tailored for professionals seeking to master operational risk identification, control design, and mitigation strategies across complex business environments. The programme integrates global standards such as ISO 31000, COSO, and Basel III, providing a comprehensive framework to anticipate, prevent, and manage operational disruptions while strengthening corporate resilience and performance.

TRAINING TOPICS

• Advanced operational risk management frameworks
• Root cause analysis and systemic risk mitigation
• Control design, effectiveness, and optimization
• Emerging risks, technology, and cyber resilience
• Risk reporting, governance, and continuous improvement

BY THE END OF THIS TRAINING COURSE, DELEGATES WILL BE ABLE TO:

Apply advanced techniques to identify, control, and mitigate operational risks across all functions and business units.

• Implement global operational risk management standards
• Design and evaluate internal control systems
• Conduct root cause analysis and loss prevention planning
• Integrate cyber, technology, and third-party risk management
• Build data-driven risk monitoring and reporting systems
• Strengthen resilience and continuity under stress scenarios
• Link operational risk strategy to corporate objectives

TRAINING IS TAILORED TO:

Ideal for senior professionals and risk practitioners managing operational exposures and governance structures within organizations.

• Risk and Compliance Directors
• Operational Risk Managers and Analysts
• Business Continuity and Resilience Leaders
• Internal Audit and Control Professionals
• Senior Operations and Governance Executives
• Financial and Strategic Risk Advisors
• Project, Quality, and Performance Managers

TRAINING METHODOLOGY

This DIXONTECH programme combines advanced simulations, scenario planning, and case-based analysis. Participants will use risk modeling, control testing, and predictive analytics tools to develop proactive strategies that minimize operational exposure and enhance overall resilience in line with global best practices.

DAY 1

ADVANCED FOUNDATIONS OF OPERATIONAL RISK MANAGEMENT

• Reviewing global risk standards and frameworks (ISO 31000, COSO, Basel III)
• Understanding operational risk taxonomy and evolution
• Linking operational risk to strategic and financial outcomes
• Defining roles and governance in enterprise risk structures
• Building a risk-aware and accountability-driven culture
• Identifying vulnerabilities across business processes
• Case study: Global operational risk failures and lessons learned

DAY 2

RISK IDENTIFICATION, ROOT CAUSE ANALYSIS, AND ASSESSMENT TECHNIQUES

• Conducting risk identification across complex systems
• Performing qualitative and quantitative risk assessments
• Applying Root Cause Analysis (RCA) and Bow-Tie Methodology
• Assessing risk interdependencies and systemic vulnerabilities
• Mapping operational risk triggers and escalation points
• Evaluating control gaps and exposure indicators
• Workshop: Risk identification and mapping simulation

DAY 3

CONTROL DESIGN, EFFECTIVENESS, AND OPTIMIZATION

• Designing and implementing key risk controls and safeguards
• Applying the three lines of defense model effectively
• Testing and validating control effectiveness
• Managing risk control failures and escalation protocols
• Optimizing control performance through data analytics
• Establishing a dynamic control assurance framework
• Case study: Control design in high-risk operations

DAY 4

TECHNOLOGY, EMERGING RISKS, AND CYBER RESILIENCE

• Understanding technology-driven operational risks
• Managing cyber, third-party, and data privacy risks
• Applying digital risk management and automation tools
• Integrating AI and predictive analytics for risk mitigation
• Managing risk in cloud, digital, and outsourcing environments
• Developing technology resilience and incident response plans
• Case study: Cyber resilience in critical infrastructures

DAY 5

RISK MONITORING, REPORTING, AND CONTINUOUS IMPROVEMENT

• Building key risk indicators (KRIs) and control metrics
• Designing dashboards and reporting systems for executives
• Aligning operational risk data with strategic decision-making
• Conducting risk reviews and lessons-learned assessments
• Enhancing resilience through scenario analysis and stress testing
• Embedding continuous improvement into risk frameworks
• Final workshop: Developing an advanced operational risk mitigation roadmap