Name: Risks Management In Financial Services Institutions
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Created byGovernance Risk and Compliance GRC

Last updated 1/2026

English

What you'll learn

Understanding Risks, Types of Risks, Risk Events, Risk Losses, Risk Categories, and Enterprise Level Risks in Financial Services Institutions
What are 'Compliance', 'Compliance Risks', and 'Processes/Strategies/Steps to Manage Compliance Risks in a Financial Services Institution.
What are 'Cybersecurity', 'Cybersecurity Risks', and 'Processes/Strategies/Steps to Manage Cybersecurity Risks in a Financial Services Institution.
What are 'Credit', 'Credit Risks', and 'Process/Strategies/Steps to Manage Credit Risks in a Financial Services Institution.
What are 'Operational Risks', 'Operational Risk Types', 'Operational Losses', and 'Process/Strategies to Manage Operational Risks in Financial Services
Board Level Risk Governance - Board Risk Management Committee, Its Composition, Structure and Roles
Leadership Level Risk Governance - Management Risk Management Committee, Its Composition, Structure and Roles
Structure, Composition and Hierarchy of a 'Risk Management Function' - Under the supervision of a CRO
Roles and Responsibilities of Risk Management Professionals in different Risk Domains including Credit, Compliance, Cybersecurity and Operational Risks
Downloadable Resources

Course content

10 sections • 87 lectures • 6h 7m total length

Introduction1:25

What is Risk What is an Event and What is Risk's Adverse Impact2:54
Examples of Risk Event and Adverse Impact of Risks3:39
What are Different Types of Risks in Financial Services4:56
What are the Types of 'Enterprise Risks'5:04
What is the Concept of Risk Segregation and Risks Significance with Examples4:40
What are Strategic and Process Level Risks5:54
Example - Strategic Level Risk and Control6:07
Example - Process Level Risk and Control4:02

What is the concept of 'Compliance'3:18
Understanding Compliance Risk and Outcomes of Compliance Risks2:06
What are Key Compliance Risks faced by a Financial Services Institution12:03
Measures by Financial Services Institutions to Prevent Compliance Risks1:32
Example 1 - Compliance Risk - Cybersecurity Compliance Case2:35
Example 2 - Compliance Risk - Anti-Money Laundering AML Compliance2:02
Compliance Risk Management Process in Financial Services1:28
Step 1 of Compliance Risk Management CRM5:53
Example - Step 1 of Compliance Risk Management CRM3:22
Step 2 of Compliance Risk Management CRM8:51
Step 2 - Risk and Control Assessment RCA and Assigning Overall Risk Rating6:54
Step 3 of Compliance Risk Management CRM4:19
Step 4 of Compliance Risk Management CRM3:31

Understanding Cybersecurity2:49
Understanding Cybersecurity in detail4:44
Understanding Cybersecurity Risk in Financial Services2:17
What are the Common Types of Cyberattacks in Financial Services5:48
Understanding Cybersecurity Controls with Examples3:42
Critical Cybersecurity Risks and Vulnerabilities3:41
Understanding Cybersecurity Risk Management2:18
Cybersecurity Risk Management Process in Financial Services2:46
Cybersecurity Risk Management Process - 5 Step Process Explained4:14
Cybersecurity Risk Management Process - Step 1 Identification2:26
Cybersecurity Risk Management Process - Step 2 Prioritization4:07
Cybersecurity Risk Management Process - Step 3 Threats Assessment1:53

Understanding Concept of Credit Risk1:54
Credit Risk Management Practices in Financial Services1:16
Governance of Credit Risk Management in Financial Services2:48
Roles of Governance in Credit Risk Management3:09
Credit Risk Management Committee CRMC and Its Roles in Credit Risk Management2:30
Roles of Senior Management in Managing Credit Risks2:19
Customer's Risk Assessment and Customer Profiling5:03
Example - Performing Credit Risk Assessment4:22
Example 2 - Performing Credit Risk Assessment6:05
10. Sector Risk Assessment and Credit Profiling5:17
11. Example - Sector Risk Assessment4:05
Credit Risk Indicators - Early Warning Risk Signals6:37
Credit Risk Monitoring and Risk Control4:37
Case Study - Credit Risk Management4:02

What is Operational Risk and Components of Operational Risk3:28
Operational Risk Explained with Examples2:46
What are Various Operational Processes - Internal Process and Systems4:45
What are 5 Main Categories of 'Operational Risks' and their Examples7:08
People or Human Risks Explained2:37
Examples of Operational Risks - People, Process and System Risks5:36
Operational Risks and Loss Events Examples in Financial Services Explained6:26
Understanding Operational Risk Event Types ORETs4:41
What are 5 Operational Loss Events a Financial Services Institution Recognize4:53
What are Key Roles of Operational Risk Management Team in Financial Services5:00
Operational Risk Management ORM Process2:01
Operational Risk Management Process - Step 1 Identification10:01
Operational Risk Management Process - Step 2 Assessment5:45
Operational Risk Management Process - Step 3 Operational Risks Mitigation7:55
Operational Risk Management Process - Step 4 Operational Risks Monitoring2:37
Operational Risk Management Process - Step 5 Scenario Analysis5:19
What are Avoidable Operational Losses with Examples5:19
Calculation of Operational Risk Events Exposure2:13

Risk Management Governance and Its Structure1:46
Three Lines of Defense TLOD Model of Risk Management8:10
Roles of Board of Directors BoD in Managing Risks6:42
Board of Directors BoD Level different 'Sub Committees'1:54
Roles of Management Level Risk Management Committee RMC1:47
Risk Management Committee RMC Model Composition4:31
Board Level Risk Management Committee BRMC Composition2:12
Independence of Risk Management Function or Department2:21
Key Roles of Risk Management Department1:48
Resources of Risk Management Department3:13
Critical Responsibilities of Risk Management Department8:47
Risk Management Department Activities1:49

Requirements

There is no specific requirements. Basic understanding and knowledge of Risk Management is good to have.

Description

Welcome to the 'Risk Management in Financial Services Institutions' Course.

This course is designed to provide you with the knowledge and understanding of how Financial Services Institutions manage different risks and processes adopted and implemented to manage them. We will cover important risk management categories, including compliance, credit, cybersecurity, and operational risks. We will also learn the Risk Management Governance Model and Structures that are implemented in Financial Services Institutions.

Key Topics / Details Included in This Course

Risks and Risk Event Concepts
Risk Management Concepts and Activities In Financial Services
Compliance Risks Management In Financial Services - What are 'Compliance', 'Compliance Risks', and 'Processes/Strategies/Steps to Manage Compliance Risks in a Financial Services Institution.
Cybersecurity Risks Management In Financial Services - What are 'Cybersecurity', 'Cybersecurity Risks', and 'Processes/Strategies/Steps to Manage Cybersecurity Risks in a Financial Services Institution.
Credit Risks Management In Financial Services - What are 'Credit', 'Credit Risks', and 'Process/Strategies/Steps to Manage Credit Risks in a Financial Services Institution.
Operational Risks Management In Financial Services - What are 'Operational Risks', 'Operational Risk Types', 'Operational Losses', and 'Process/Strategies to Manage Operational Risks in a Financial Services Institution.
Risk Management Governance In Financial Services - Board Level Risk Management Governance - Board Risk Management Committee, Its Composition, Structure and Roles
Downloadable Resources are also included for your learning and use.
Case Studies and Quiz are also included as part of the course
Assignment - Students have to attempt a practical Assignment, included as part of this course.

Who Is This Course For?

If you are working in Financial Services or pursuing a career in Risk Management, this course will help you understand key principles, processes, and steps adopted and implemented by financial services institutions to manage risks and risk events.

Professionals working in Financial Services Institutions, Financial Technology Fin-Techs, Open Banking, Digital Bank, Investment Company, Bank, Money Service Business MSB, etc.

Risk Management Heads, Chief Risk Officers CROs, Risk Management Analysts, Operational Risk Management ORM Professionals, Credit Risk Managers/Professionals, Cybersecurity Risk Managers/Professionals and Compliance Risk Management Professionals.
Risk Reviewers,
Risk Management Auditors,
Risk Management Consultants and Advisors,
Finance Professionals,
Audit Professionals,
Students of MBA, BBA, CA, ACCA, CPA, FRM, ACAMS, ICA, and others learning Risk Management,
Anyone willing to learn Risk Management.

Thank you

Happy learning.

Who this course is for:

Professionals working in Risk Management Functions or those aspiring to join the Risk Management.
Chief Risk Officers CROs, Risk Management Heads, Operational Risk Management Heads, Compliance Risk Management Heads, ERM Heads, Financial Risk Management Heads, etc
Risk Analysts, Risk Reviewers, and Risk Management Auditors
Governance, Risk and Compliance GRC Consultants
Consultants working in Business and Risk Advisory Firms such as Big 4 firms and other consulting businesses
Professionals working in Financial Services and other Institutions such as Banks, MSBs, Gateways, FMCGs, E-Commerce, etc.
Students learning Risks and Risk Management as part of their course

What you'll learn

Explore related topics

Course content

Introduction1 lecture • 1min

Understanding Risks and Sources of Risks8 lectures • 37min

Understanding Sources of Risks and Risk Cultures8 lectures • 39min

Compliance Risks and Compliance Risks Management in Financial Services13 lectures • 58min

Cybersecurity Risk and Cybersecurity Risk Management in Financial Services12 lectures • 41min

Credit Risk and Credit Risk Management in Financial Services14 lectures • 54min

Operational Risk and Operational Risk Management in Financial Services18 lectures • 1hr 29min

Risk Management Governance, Structures and Roles in Financial Services12 lectures • 45min

Download Financial Services Risks and Mapping Document1 lecture • 3min

Practical Assignment0

Requirements

Description

Who this course is for: