Fundamentals Of Risk And Risk Management Governance Model
Published 6/2025
MP4 | Video: h264, 1280x720 | Audio: AAC, 44.1 KHz, 2 Ch
Language: English | Duration: 2h 49m | Size: 1.28 GB
Learn the Fundamentals of Risks, Risk Assessment, and Risk Management Governance Models implemented in Institutions
What you'll learn
Fundamentals of Risks, Events, and Outcomes, with Examples
Risk Types and Risk Sources - Different Risks Faced by Organizations/Institutions, 'Sources' of Risks for Risk Identification and Risks Extraction
Risk Assessment - Inherent and Residual Risk Assessments, Risk Assessment Methodology, Matrix and Application of Risk Methodology with Example
Risk Management Governance Model - Three Lines of Defense Model TLOD of Risk Management
Risk Management Cultures, including Strong and Weak Risk Management Cultures
Risk Management Governance including Risk Management Committees, their Structures, Composition and Roles/Responsibilities
Differentiating between 'Board Level' and 'Management Level' Risk Management Committees, their Compositions and Roles/Responsibilities
Roles and Responsibilities of Risk Management Function, headed by the Chief Risk Officer CRO, and Risk Management Team
'Organogram/Diagram' of the Overall Risk Management Governance Model Implemented in Institutions
Quiz and Multiple Choice Questions MCQs
Requirements
Basic Level Knowledge and Understanding of Risk Management Practices
Description
Risk is inherent in every process and system that a company or an institution uses. Due to the complexity of business operations, advancement of technology, increased customer expectations, and complex regulatory requirements, the identification and management of risks have become a challenge for companies, institutions, and organizations. On an overall basis, due to the weak risk management practices, the companies, and institutions lose millions of dollars each year.Most of the business and, operational failures that occurred in the past are due to Weak Risk Management Culture and Practices. Weak Risk Management Governance always leads to significant losses, including Financial, Operational, Compliance, and Reputational Losses. Ensuring the Implementation of 'Robust Risk Management Governance Structures and Practices' to identify and manage Risks are the key 'regulatory requirements to be complied with by companies and institutions working in different sectors such as Financial Institutions, Manufacturing Companies, Financial Technology Companies, Service Businesses, Health and Safety Organizations, etc. WHY RISK MANAGEMENT IS IMPORTANT?Risk Management is relevant for all types of companies and organizations such as Banks, Money Service Businesses, Brokerage Houses, Investment Companies, FMCGs, Pharmaceutical Companies, Leasing Companies, Heath-Sector Companies, Oil and Gas Companies, etc. These organizations and institutions spend millions of dollars on an yearly basis, to identify and manage their risks, and to remain relevant and competitive in the industry. All big consultancy firms in the world provide risk management consulting and advisory services, to their clients operating in the above domains and they charge millions of dollars as consultancy fees, from their clients. WHAT WILL YOU LEARN?This course is divided into two Modules:In this course, you will learn about core areas of Risk Management and Risk Management Governance Models, such as: MODULE 1 - UNDERSTANDING CONCEPTS OF RISKS, RISK CULTURES, RISK TYPES, ETC - Risk, events, outcomes and adverse impacts, - Types of risks, and examples, - Risks Segregation - Significant and Insignificant Risks with Examples,- Strategic and Process Level Risks and Control Application with ExamplesMODULE 2 - RISK SOURCES, RISK MANAGEMENT CULTURES AND QUIZ- Different Risk Sources and their Significance in Risk Management,- Risk Management Culture, its Importance and Significance in achieving results,- Outcomes of practicing Weak Risk Management Culture - Negative Outcomes,MODULE 3 - RISK ASSESSMENT METHODOLOGY AND ITS APPLICATION - Understanding Risk Management Process with an Example,- Risk Assessment Methodology, - understanding 5 by 5 Risk Assessment Matrix and Its Structure, - Application of Risk Assessment Matrix, with Example,MODULE 4 - RISK MANAGEMENT GOVERNANCE, HIERARCHY, COMMITTEES, AND RISK MANAGEMENT FUNCTION - Overview of 'Board of Directors' and Board Level 'Sub Committees',- Understanding 'Governance Structure of Risk Management' implemented in Institutions and Organizations,- Risk Management - Three Lines of Defense TLOD Model for Risk Governance and Management, - Roles and Responsibilities of 'Board of Directors', 'Risk Management Committees', 'Risk Management Function',- 'Organogram/Structure Diagram' of 'Risk Management Governance, Committees, Function and Units',QUIZ AND MCQs- Quiz Tests- Multiple Choice Questions MCQs In this course, you will also learn special risk management terminologies used in institutions and organizations. BENEFITS OF ATTENDING THIS COURSE:By attending this course you will:- be able to understand, how institutions, organizations, and companies identify risks from various sources, assess them, and manage with effective and robust Risk Management Governance Models, Hierarchies, Committees, and a Risk Function,- be able to talk confidently with risk management professionals and consultants regarding risk management governance, practices and activities of board and management level 'risk management committees' and 'risk function',- be able to work in consultancy firms or organizations in their risk management departments, - get a certificate of completion of this course, - be able to pursue a career progression in risk management.WHO SHOULD ATTEND THIS COURSE?This course should be attended by:Risk management professionalsOperational risk heads or managersLiquidity risk heads or managers Compliance risk heads and managersRisk management consultantsCompliance professionalsIS Security professionalsProfessionals working in Banks, MSBs, Fin-Techs, E-Commerce, Oil and Gas, Manufacturing, and other regulated entities or institutionsRisk Advisors and consulting firmsBranch managers / Operation managersInternal auditorsInternal controls professionals CFA / FRM / CA / ACCA / CAMS or Finance students andOthers who want to learn risk management and its components
Who this course is for
Risk Management Professionals and Risk Management Consultants
Enterprise Risk Management ERM Professionals
Operational Risk Management ORM Professionals, Liquidity Risk Management Professionals, Financial Risk Management Professionals
Chief Risk Officers CROs and Risk Managers
Internal Auditors and Internal Controls Professionals
Compliance Professionals
Board of Directors and Senior Management Personnel
Professionals working in Regulatory Bodies / Departments under Risk Management Domains
Business and Company Owners
Students of Risk Management or those who are pursuing a career in Risk Management
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