Fundamentals of Risk Management

Fundamentals of Risk Management


Specifications
Details

Fundamentals Of Risk Management

Duration: 2 Days

Learning Outcomes / Benefits

  • Understand the importance of risk management
  • Identify risk categories
  • Identify causes and types of risk in banking and financial institution
  • Understand the components of risk management framework
  • Practice the 3 steps of risk management
  • Understand the risk management failure

Key Contents

Module 1: Introduction To Risk And Risk Management

  • Risk definitions
  • Risk management responsibilities
  • Activity: Ice breaker, warming up to risk management

Module 2: The Importance Of Risk Management

  • VUCA complexities
  • Stakeholder expectations
  • Decision making
  • Organizational resilience

Module 3: Risk Categories

  • Hazard risk
  • Project risk
  • Opportunity risk

Module 4: Causes Of Risk

  • The various disruptions
  • Risk impact
  • Activity: Case study

Module 5: Types Of Risk

  • Risk at the macro level
  • Risk at the micro level
  • Activity: Types of risk

Module 6: Key Risks In Banking Business

  • Credit risk
  • Market risk
  • Operational risk
  • Activity: Group discussion - identification of operational/potential risk and its impact

Module 7: Risk Management Framework And Process

  • Components of a risk management framework
  • ISO31000 - Risk management process / The organization's operational risk framework

Module 8: Risk Assessment

  • 3 steps of risk assessment
  • Risk assessment tools
  • Activity: Group discussion - assessing and evaluating risk

Module 9: Managing Risk

  • Risk control measures
  • Reflect on how risk is currently managed
  • Activity: Reflection on current practices and challenges, the strategy game

Module 10: Risk Management Failure

  • Common flaws
  • Impact on the organization

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