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