FIN219 Operational Risk Management

Operational risk management is still evolving and developing however, with globalisation, deregulation and advances in technology, operational risk now commands significant attention. This subject provides an overview of the operational risk management process and demonstrates how operational risk management should be embedded within the day-to-day operations of an organisation.

This subject contributes to the corporate finance and financial risk management majors.

For more information, please refer to the subject outline.

  • Learning outcomes
    • At the completion of this subject students should be able to:

      1. Explain the regulatory framework for operational risk in Australia and internationally.
      2. Analyse operational risk using qualitative assessment methodologies commonly used in Australia.
      3. Analyse the different modelling methods used to measure operational risk.
      4. Assess the various ways to manage or mitigate operational risk.
      5. Analyse operational risk in a financial institution.
      6. Analyse real-case operational risk issues.
      7. Examine best practice approaches for establishing an effective operational risk management framework in Australian financial institutions.
  • Subject content
    • Topic Title
      Topic 1 Introduction to operational risk management
      Topic 2 Operational risk and regulation
      Topic 3 Identifying and assessing operational risk
      Topic 4 Measuring operational risk
      Topic 5 Mitigating operational risk
      Topic 6 Monitoring and reporting operational risk
      Topic 7 Major operational events – lessons learnt
      Topic 8 Establishing an effective operational risk management framework
  • Assessment
  • Prerequisites
    • Students enrolling in a Masters level elective subject are assumed to have the pre-requisite knowledge in the three core subjects (FIN101, FIN102, FIN103 and FIN114 (for students enrolled before 2014)).

      Kaplan recommends that you complete the following Kaplan online subject (or have a thorough working knowledge of the content) prior to enrolling in this unit:

  • Reading list
    • There are no prescribed texts for this subject.

      Details of any required and further readings for this subject are provided in the subject room.  Purchase of any text other than a prescribed text is not required.