Introduction to Risk Management

Today's financial services organizations face a complex web of interconnected risks, which must be managed and mitigated to protect the company, its customers, and the ongoing stability of the global financial and economic system. Banks and other financial services organizations that do not manage risk effectively are at risk of failing. And, due to their size and interconnectedness, when a large bank fails, it can lead to negative consequences experienced at a global level. This risk management course provides the fundamental building blocks for any aspiring risk analyst or manager. By introducing the concept of risk, the wide spectrum of risks a financial services organization is exposed to, and reviewing the risk management approach taken at an enterprise level, students will be exceptionally well-placed to build and develop their risk management capabilities. Upon completing this course, participants will be able to: ● Define what risk is for banks and financial institutions ● Give real world examples of failures in risk management from the banking industry ● Compare the various risks a bank and financial institution is exposed to ● Identify the stages in an effective enterprise risk management framework ● Explain the importance of a strong risk culture This introductory course is essential to anyone exploring a career in risk management in the financial services industry

• Define risk for banks and financial institutions
• Provide real-world examples of risk management failures
• Compare various risks facing financial institutions
• Identify stages of enterprise risk management frameworks
• Explain importance of strong risk culture

• Basic computer and internet skills
• Ability to follow course instructions and perform short exercises