
This course introduces a risk library framework to standardize risk assessment, ownership, controls, and annual reviews across the organization, supported by a three lines of defense model.
Explore quantitative risk categories in banking, focusing on credit risk, market risk, interest rate risk, and operational risk, and examine related concepts like default, counterparty risk, settlement risk, and collateral.
Explore market risk as losses from adverse price movements in equities, commodities, rates, currencies, and real estate. Learn about trading and non-trading exposures, underwriting risks, and counterparty valuation adjustments.
Explore interest rate risk in banking, including repricing risk, yield curve risk, option risk, and basis risk, and how rate movements affect net interest spreads and Libor benchmarks.
Examine operational risks in the business world, from internal processes, people and systems failures to external events, including employee relations, fraud, safety, and regulatory concerns.
Explore the spectrum of quantitative risks, from intellectual property and trade secrets to information technology, infrastructure, and incident management, highlighting how potential failures threaten value and continuity.
Explore information security and cybersecurity risks, including malware, phishing, social engineering, and attacks like ransomware and zero-day exploits, plus third-party and business resilience risks and SQL injection.
Identify quantitative risks across chain management, data governance, and new product or service risks, and examine change management, data privacy, and tax rate risks in organizational change.
Examine qualitative risk categories such as liquidity risk, enterprise risk, and insurance and pension risk. Understand how these non-quantifiable, subjective risks shape regulatory pricing, funding, and capital considerations.
Explore qualitative risks across strategic, industry, technology, and reputational domains, including brand risk, competitive race, customer service, and new project risk.
Explore securitization risk in debt creation and asset-backed securities, and assess investment risks from unsystematic and systematic factors, including macro policy, inflation, and geopolitical and technological shifts.
Explore qualitative risks part four, including model specification, implementation, and application risks, plus environmental and social sustainability challenges across CSR, climate, waste, and governance.
Identify and manage a broad set of other risks, including regulatory compliance, supply chain, talent, intellectual property, and obsolescence, across global operations.
Conclude the 2026 risk library in business world by celebrating completion, thanking learners, and acknowledging the experience and knowledge gained from this course.
A risk library is basically the complete list of risks that has been compiled by the risk management department of an organization. Any organization that works in a heavily regulated industry (like the financial sector) will have an extensive list of risks that are being tracked and monitored throughout the year by the risk experts within the organization. The risk team also looks at the controls that are in place to mitigate the risks in the risk library and ensures that the controls are performing up to standard.
The role that risk libraries play in risk management is foundational to managing and optimizing risk successfully. There is a lot of discussion on how risk teams works to manage risks effectively and how organizational strategy sets risk appetite. As organizations evolve, risk libraries or taxonomies must also mature to ensure that risk management aligns with strategic objectives.
This Risk Library allows you to look across your risks and program in new and insightful ways
This course will help you to aligns modern risks with your core compliance activities and organizational structure creating a unified underlying structure for your ethics and compliance program. Whether you import your existing risk library or use this library, you will gain insight and structure that you did not even know was possible.