Fundamentals Of Risk Management

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