Risk Identification - Top-Down and Bottom-Up Approaches for Operational Risk - FRM Part 2

Learn essential operational risk identification methodologies and tools in this comprehensive FRM Part 2 video lecture covering both top-down and bottom-up approaches to risk management. Master the implementation of risk identification tools including Risk Wheel and Risk Control Self-Assessment, understand process mapping techniques, and explore scenario analysis best practices. Examine operational risk taxonomies in detail, with special focus on Basel Committee on Banking Supervision (BCBS) Level 1, 2, and 3 categories. Gain practical knowledge in conducting effective brainstorming sessions while learning to recognize and mitigate potential biases in risk assessment. Develop proficiency in comparing different risk identification approaches and applying them within a typical workflow structure. Perfect for FRM candidates preparing for Part 2 examination, this GARP-approved content delivers essential insights into operational risk and resilience fundamentals.