Explains the risk and control self assessment (RCSA) process and focuses on the purpose and benefits of an RCSA, understanding general principles, and leveraging it to foster a strong risk culture. Covers establishing the primary objectives of the RCSA process, identifying risks and appropriate control environment, and determining relative priorities.

Audience: 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.What You'll Learn:

• Define operational risk, identify control frameworks, and describe the purpose and benefits of conducting a risk and control self assessment (RCSA)P
• Describe the general principles supporting a well-designed RCSA process
• Identify considerations for effective implementation of the RCSA
• Describe approaches for assessing and prioritizing risks
• Describe methods for managing and controlling risks
• Identify techniques and resources to gather data, perform the RCSA, and monitor and report results

Upon enrollment, you will receive an email from the course provider (CFTEA.org) with links and passwords to access your course. You will have full access to the course and it's modules for one full year.