Introduction to Risk Management

Today’s financial services organizations face a complex web of interconnected risks that 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 course provides the fundamental building blocks for any aspiring risk analyst or manager. Get an introduction to the concept of risk, the wide spectrum of risks a financial services organization is exposed to, and the risk management approach taken at an enterprise level, to build and develop your risk management capabilities.

Learning objectives
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.