Fundamentals of Risk Management in Financial Services

Risk Management Practices and Processes to manage Operational, Cybersecurity, Liquidity, Compliance and Credit Risks

What you'll learn
Fundamentals of Risks, Types of Risks and Risk Management Steps and Processes
Operational Risk Management
Cybersecurity Risk Management
Compliance Risk Management
Liquidity Risk Management
Credit Risk Management

Requirements
Basic Knowledge of Risk Management

Description
Welcome to Risk Management in Financial Services course. WHY RISK MANAGEMENT IN FINANCIAL SERVICES IS IMPORTANT?Risk Management RM practices are important and relevant for almost all types of Institutions and Organizations including Money Service Businesses, Banks, Financial Technology Institutions FinTechs, E-Commerce and Connected Commerce Institutions, Insurance, Stock Exchanges, Brokerage Houses, Investment Houses, Crypto exchanges, Heath Care Institutions, etc. All these institutions are exposed to various types and levels of risks, which they manage to remain competitive in the market. For Financial Services Institutions, the importance of Risk Management is much higher because of various reasons including dependency on technology to manage operations, obligations to comply with complex laws and regulatory requirements, exposure to crimes such as fraud, cyberattacks, and money laundering, use and handling critical customers' and institution's data, processing complex financial transactions, managing funds of depositors, need for robust management of financial and liquidity, increased level of market competition and customers' expectations, etc. The institutions therefore spend millions of dollars on risk management processes and systems, to effectively manage all major categories of risks that we will cover in this course. Institutions want to remain competitive and operational in the industry, therefore expert risk management professionals are hired by them to build and implement effective risk management strategies and processes. You can think of the importance of Risk Management by the fact that all big international consultancy firms in the world provide Risk Advisory and Risk Management Services, to Institutions and Organizations. Risk Consultants and Advisory Firms charge millions of dollars as their consultancy fees, to help institutions manage their risks. ABOUT THE COURSEThis course is prepared to provide you the Fundamental Knowledge of Risk Management Processes and Activities that are performed by financial services institutions to identify, assess, control, mitigate, and monitor various types of risks, including Operational Risks, Cybersecurity Risks, Liquidity Risks, Compliance Risks, and Credit Risks. We will cover in detail the Risk Management Processes for each of these types of risks. This course is designed to provide you;Fundamental knowledge of Risks, Risk Events, Types of Risks, Risk Management Process, andLearning Risk Management Processes for Major Types of Risks faced and managed by Financial Services Institutions.By attending this course you will learn key concepts including Risk Management and related activities. You will understand the concept of Risk, Risk Events, Types of Significant Risks, Risk Differences, Significance and Insignificance of Risks, and Interrelatedness of Risk Types. This course also covers the following major categories of risks and their management process;1. Operational Risk Management2. Cybersecurity Risk Management3. Liquidity Risk Management4. Compliance Risk Management5. Credit Risk ManagementQuiz and ExamplesVarious Examples and Quiz Tests are discussed in this course for better knowledge and learning experience.Multiple Choice Questions MCQs;To test your knowledge of Risk Management in Financial Services, Multiple Choice Questions MCQs are designed as part of this course. BENEFITS OF ATTENDING THIS COURSE:By attending this course you will:- be able to understand fundamental concepts of Risk Management, and learn how institutions Govern and Implement Risk Management Processes to identify, assess, and mitigate different risks;- be able to talk confidently with Risk Management Professionals and Consultants regarding different types of risks and related risk management processes implemented in institutions, including Operational Risks, Cybersecurity Risks, Liquidity Risks, Compliance Risks, and Credit Risks;- be able to perform research and analysis on Risk Management, - be able to pursue a career progression in risk management field and profession, - get a certificate of completion of this course, WHO SHOULD ATTEND THIS COURSE?This course is designed for everyone who wants to learn Risk Management and Risk Management Practices and Processes, especially those who are working in Financial Services Institutions and Organizations. This course should be attended by:Risk management professionals / Chief Risk Officers / Risk Analysts Operational Risk Managers and Compliance Risk ManagersCompliance professionals, Compliance Managers / Cybersecurity Auditors / CISOs / Liquidity Risk Managers / Compliance Analysts / MLROs Credit Risk Analysts and Credit Risk ManagersCybersecurity and IS Security professionalsRisk Advisors and Consulting FirmsBranch managers / Operation Managers Internal auditorsInternal controls professionals CFA / FRM / CA / ACCA / CAMS or Finance students andOthers who want to learn risk management and its componentsThank you

Who this course is for
Risk Management Professionals, including Chief Risk Officers, Risk Managers, Risk Analysts, Risk Assessors, Risk Consultants
Financial Services Professionals and Managers
Compliance Professionals, Compliance Consultants, Cybersecurity Professionals and Consultants
Internal Auditors - Technology IT / Information Security IS Professionals, Internal Controls Professionals
Finance Professionals
Students learning Risk Management, Cybersecurity, Compliance, Finance, and Audit