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Fundamentals of Risk Management in Financial Services
Role Play
Rating: 3.0 out of 5(2 ratings)
5 students

Fundamentals of Risk Management in Financial Services

Risk Management Practices and Processes to manage Operational, Cybersecurity, Liquidity, Compliance and Credit Risks
Role Play
Created byGovernance Risk and Compliance GRC
Last updated 11/2025
English

What you'll learn

  • You will learn fundamentals Concepts including Risks, Risk Events, Risk Triggers, Types of Risks faced by Institutions, with examples
  • You will learn the concepts including Interrelatedness of Risks, Inherent Risks, and Residual Risks
  • You will learn the Logical Steps to be followed and performed in Risk Management with Example
  • You will learn Operational Risk Management, how Operational Risks are Identified and Managed by Institutions
  • You will learn Cybersecurity Risk Management, and learn how these Risks are Identified and Managed by Institutions
  • You will learn Compliance Risk Management CRM, and learn how these Risks are Identified and Managed by Institutions
  • You will learn Credit Risk Management, and learning how these Risks are Identified and Managed by Institutions
  • You will learn Practical Case Studies, to understand HOW Risk Management Professionals practically work in institutions and companies
  • Multiple Choice Questions MCQs are also made part of this course to test the knowledge you will gain in this course
  • DOWNLOAD Risk Document - At the end of the course you can download Financial Services Risks and Mapping of Risks with Processes and Reviewers

Course content

11 sections • 70 lectures • 4h 20m total length

  • Course Instructor's Introduction2:16

Requirements

  • Basic Knowledge of Risks and Risk Management
  • Willingness to learn Risk Management, Process, Components, and Activities

Description

Hello and welcome to the Fundamentals of Risk Management in Financial Services course.

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If you work in a Financial Institution such as Fin-Tech, Digital Bank, Conventional Bank, or if you are working in any DNFBP, or providing Risk Management Consulting services, or if you want to pursue a career in Risk Management, then this course is for you. 

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BRIEF ABOUT THIS COURSE / TOPICS COVERED IN THIS COURSE

This course, "Fundamentals of Risk Management in Financial Services" is designed to provide you with fundamental knowledge of Risks and Risk Management Processes/Activities performed in Financial Institutions by different Risk Management Units/Teams.

In this course, we will focus on 5 Main Areas, including;

1. Fundamentals of Risks and Risk Management

2. Operational Risk Management ORM

3. Cybersecurity Risk Management

4. Compliance Risk Management

5. Credit Risk Management


1. Fundamentals of Risks and Risk Management

  • Understanding Concepts including Event, Risk, Trigger, Adverse Outcomes, etc with Examples

  • Risk and Adverse Outcomes

  • Major Types of Risks Faced by Institutions and Organizations

  • Risk Management Logical Steps

  • Interrelatedness of Risks and Risk Components

    Example - One Type of Risk Triggering Other Types of Risks

  • Quiz 1 - Interrelated Risks

  • Quiz 2 - Interrelated Risks

  • Understanding Significant and Insignificant Risks

  • Quiz - Identification of Significant and Insignificant Risks from Scenarios


2. Operational Risk Management ORM

  • Operational Risks, Components, Examples

  • Loss Events, and Exposure Calculation

  • Internal Processes and Systems Explained

  • Operational Risk - People or Human Resource Loss Risk Explained

  • Examples - People, Process, and System Operational Risks

  • Operational Risk Event Types

  • Avoidable Operational Losses and Examples

  • '5 Major Steps' of Operational Risk Management ORM

  • Step 1 Risk Identification

  • Step 2 Risk Assessment

  • Step 3 Mitigation

  • Step 4 Monitoring

  • Step 5  ORM Scenario Analysis


3. Cybersecurity Risk Management

  • Understanding Cybersecurity and Cybersecurity Risk

  • What Cybersecurity Does

  • Common Types of Cyberattacks

  • Cybersecurity Controls

  • Key Cybersecurity Risks and Vulnerabilities

  • Understanding of Cybersecurity Risk Management

  • '5 Steps' Process of Cybersecurity Risk Management

  • Step 1 of Cybersecurity Risk Identification

  • Step 2 of Cybersecurity Management - Prioritization

  • Step 3 of Cybersecurity Assessment - Threats Assessment

  • Step 4 of Cybersecurity Risk Management - Likelihood and Impact Assessment

  • Step 5 of Cybersecurity Risk Management - Control Plan and Monitoring


4. Compliance Risk Management CRM

  • Understanding concepts including Compliance, Compliance Risks, Outcomes, Measures to Counter Compliance Risks, etc

  • Example 1 - Compliance Risk Situation

  • Example 2 - Compliance Risk Situation - AML Compliance Risks

  • '4 Steps' Process of Compliance Risk Management CRM

  • Step 1 of Compliance Risk Identification with Example

  • Step 2 of Compliance Risk Assessment

  • Step 3 of Compliance Risk Mitigation

  • Step 4 of Compliance Risk Monitoring and Control


5. Credit Risk Management

  • Understanding Credit Risk and '5 Practices' of Credit Risk Management

  • Governance Mechanism and Roles in Credit Risk Management

  • Credit Risk Management Committee CRMC and Its Roles in Credit Risk Management

  • Management Roles in Credit Risk Management

  • Customer's Risk Assessment and Profile Development

  • Example 1 of Credit Risk Assessment

  • Example 2 of Credit Risk Assessment

  • Sector Risk Assessment for Credit Profile Building

  • Example - Performing Sector Risk Assessment

  • Credit Risk Indicators as Early Warning Signals

  • Credit Risk Monitoring and Control

  • Case Scenario - Credit Risk Management


6. Case Scenarios

  • Scenario 1 - Fixed Assets Purchase - Application of Risk Management Process

  • Scenario 2 - Customer Onboarding Risks - Application of Risk Management Process


7. Multiple Choice Questions MCQs

To test your knowledge, MCQs are made part of this course.


8. DOWNLOAD - RISKS AND MAPPING DOCUMENT - At the end of the course, you can download Financial Services Risks and Mapping of Risks with Processes and Reviewers. This is a 14-Page Financial Services Risk Document covering more than '85 Financial Services Risks and their Process Mapping. This document includes risks inherent in various processes of a financial institution.


WHY LEARN THIS RISK MANAGEMENT COURSE?

Risk Management is a demanding and evolving field.

  • Risk Management RM is mandatory and critical for all types of Institutions and Organizations, especially the regulated financial entities such as Money Service Businesses MSBs, Banks, Financial Technology FinTechs, Digital Banks, E-Commerce Companies, Insurance, Crypto Exchanges, Real Estate or Construction Companies, Accounting and Legal Firms, etc. These institutions and organizations spend 'Millions of Dollars' on their Risk Management Departments and Processes/Systems, to ensure that Risks are timely identified and properly managed.

    • For these institutions and organizations Risk Management is becoming critical because of various factors such as 'dependency on technology' 'obligations to comply with laws and regulations', 'exposure to financial crimes such as fraud, cyberattacks, and money laundering', 'handling diversified customers and data', 'processing numerous simple to complex financial transactions', 'managing funds', etc.


BENEFITS OF ATTENDING THIS COURSE:

By attending this course you will:

- be able to understand fundamental concepts of Risk Management;

- learn Risk Management Governance and Implementation of Risk Management Processes;

- be able to add Risk Management Knowledge skills to your Resume/CV;

- be able to talk with Risk Management Professionals and Consultants;

- be able to pursue a career progression in the Risk Management Domain,

- get a certificate of completion of this course,


WHO SHOULD ATTEND THIS COURSE?

This course is designed for everyone who wants to learn Risk Management, especially those working in Financial Services Institutions/Firms/Organizations. 

This course should be attended by:

  • Risk Management Professionals such as Chief Risk Officers CROs, Risk Analysts, Risk Management Consultants, Risk Advisors, Risk Consulting Firms Owners,

  • Operational Risk Management ORM Professionals such as Ops Risk Managers, Ops Risk Compliance Team

  • Compliance Risk Professionals, such as Compliance Risk Managers / Cybersecurity Risk Auditors / CISOs / CCOs / Compliance Analysts / MLROs

  • Credit Risk Professionals such as Credit Risk Managers, Analysts, Credit Risk Heads, Credit Risk Management Consultants

  • Cybersecurity and IS Security professionals

  • Branch managers / Operation Managers / Business Owners

  • Finance, Internal Auditors, and Internal Controls professionals

  • Students of Business, Finance, Risk Management, and Compliance, such as CA / ACCA / FRM / CAMS / MBA / BBA / CPA / CISA

  • Anyone who wants to learn Risk Management


Thank you

Who this course is for:

  • Risk Management Professionals, including Chief Risk Officers CROs, Risk Managers, Risk Analysts, Risk Assessors, Risk Management Consultants
  • Operational Risk Heads, Operational Risk Managers and Analysts
  • Compliance Risk Managers, Compliance Risk Analysts, Compliance Risk Consultants
  • Credit Risk Managers and Analysts
  • CISOs, Cybersecurity Risk Managers, and GRC Analysts
  • Professionals working in Risk Advisory or Risk Management Consulting Firms
  • GRC Professionals and Consultants offering Cybersecurity, and Information Security Services
  • Internal Auditors - Technology IT / Information Security IS Professionals, Internal Controls Professionals
  • Finance Professionals, including CFOs, Financial Controllers, and Finance Managers
  • Students learning Risk Management, Cybersecurity, Compliance, and Audit

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