Introduction to Risk Management in Financial Services

Contents

What You’ll Learn Requirements Description Who this course is for:

What
You’ll Learn

Definition of Risk
Approaches to Risk
Why the Financial Services sector is especially ladenned with significant risks
Fundamentals of Risk: Understanding different types of risks in financial services (e.g.
credit
market
operational risks).
Introduction to Risk Identification
Introduction to Risk Assessment
Introduction to Risk Measurement
Introduction to Risk Monitoring
Introduction to Risk Mitigation
Introduction to the use of Financial Instruments & Risk
Introduction to Regulatory Compliance
Introduction to Risk Culture and Governance
Introduction to Effective Governance
The role of Effective Governance in Risk Management

Requirements

Interest in Financial Services
Desire to Learn About Finance
No Prior Finance Experience Required
Commitment to Course Completion
Access to a Computer with Internet Connection
Basic Computer Literacy
Proficiency in English
Analytical Thinking

Description

Welcome to Introduction to Risk Management in Financial Services

In this course we look at:

Various approaches to risk and how financial services institutions perceive and manage risks.

Firstly we discuss the General Approach to Managing Risks.

We subsequently look at Common Risks in the industry, including:

– Credit Risk

– Market Risk

– Liquidity Risk

– Operational Risk

– Regulatory and Compliance Risk

– Reputational Risk

– Systemic Risk

– Counterparty Risk

– Technology Risk

We explore each of these at a high level, describing what it is, causes, ways to mitigate and examples of these risks (in a way that is easy to appreciate).

We move on to explore Key Components of Risk Management in Financial Services, including:

– Financial Services Risk Management Mitigation – General Approach

– Risk Identification

– Risk Assessment

– Risk Measurement and Monitoring

– Risk Mitigation

– Regulatory Compliance

– Risk Culture and Governance

All at a high level and an easy to appreciate perspective. This is an introductory course to facilitate the understanding of risk in Financial Services.

Lastly, we look at Effective Governance structures are essential in mitigating risks in financial services.

– Regulatory Compliance

– Risk Management

– Internal Controls

– Board Oversight

– Transparency and Disclosure

– Management Culture

I can’t recommend this course enough to anyone working in or thinking of working in the Financial Services sector. It provides a gentle introduction to the risk perspective that educates and enlightens.

Thank you for stopping on this course and I look forward to getting some feedback from you.

Baba