Introduction To Risk Management In Financial Services

Your Introduction to ALL things Risk Management in Financial Services

What you'll learn

Definition of Risk

Approaches to Risk

Why the Financial Services sector is especially ladenned with significant risks

Fundamentals of Risk: Understanding different types of risks in financial services (e.g., credit, market, operational risks).

Introduction to Risk Identification

Introduction to Risk Assessment

Introduction to Risk Measurement

Introduction to Risk Monitoring

Introduction to Risk Mitigation

Introduction to the use of Financial Instruments & Risk

Introduction to Regulatory Compliance

Introduction to Risk Culture and Governance

Introduction to Effective Governance

The role of Effective Governance in Risk Management

Requirements

Interest in Financial Services

Desire to Learn About Finance

No Prior Finance Experience Required

Commitment to Course Completion

Access to a Computer with Internet Connection

Basic Computer Literacy

Proficiency in English

Analytical Thinking

Description

Welcome to Introduction to Risk Management in Financial ServicesIn this course we look at:Various approaches to risk and how financial services institutions perceive and manage risks.Firstly we discuss the General Approach to Managing Risks.We subsequently look at Common Risks in the industry, including: - Credit Risk- Market Risk- Liquidity Risk- Operational Risk- Regulatory and Compliance Risk- Reputational Risk- Systemic Risk- Counterparty Risk- Technology Risk We explore each of these at a high level, describing what it is, causes, ways to mitigate and examples of these risks (in a way that is easy to appreciate). We move on to explore Key Components of Risk Management in Financial Services, including:- Financial Services Risk Management Mitigation - General Approach - Risk Identification- Risk Assessment- Risk Measurement and Monitoring- Risk Mitigation- Regulatory Compliance- Risk Culture and GovernanceAll at a high level and an easy to appreciate perspective. This is an introductory course to facilitate the understanding of risk in Financial Services. Lastly, we look at Effective Governance structures are essential in mitigating risks in financial services.- Regulatory Compliance- Risk Management- Internal Controls- Board Oversight- Transparency and Disclosure- Management CultureI can't recommend this course enough to anyone working in or thinking of working in the Financial Services sector. It provides a gentle introduction to the risk perspective that educates and enlightens. Thank you for stopping on this course and I look forward to getting some feedback from you. Baba

Overview

Section 1: Introduction

Lecture 1 Introduction

Lecture 2 What are the various Risks in Financial Services?

Lecture 3 General Approaches to Risks (Reduce, Eliminate, Mitigate, Do Nothing)

Section 2: Main Risks in Financial Services Industry

Lecture 4 Credit Risk

Lecture 5 Market Risk

Lecture 6 Liquidity Risk

Lecture 7 Operational Risk

Lecture 8 Compliance and Regulatory Risk

Lecture 9 Reputational Risk

Lecture 10 Systemic Risk

Lecture 11 Counterparty Risk

Section 3: Key components of risk management in financial services

Lecture 12 Mitigating Financial Services Risks - Overview

Lecture 13 Financial Services Risk Management Mitigation - General Approach

Lecture 14 Risk Identification

Lecture 15 Risk Assessment

Lecture 16 Risk Measurement and Monitoring

Lecture 17 Risk Mitigation

Lecture 18 Regulatory Compliance

Lecture 19 Risk Culture and Governance

Section 4: Effective governance structures to Mitigate Risks in Financial Services

Lecture 20 Effective Governance Structures - Overview

Lecture 21 Regulatory Compliance

Lecture 22 Risk Management

Lecture 23 Internal Controls

Lecture 24 Board Oversight

Lecture 25 Transparency and Disclosure

Lecture 26 Management Culture

Section 5: Conclusion

Lecture 27 Conclusion

Section 6: Additional Chapter: Common areas Organisations find Risk Exposures

Lecture 28 Additional Chapter: Common areas Organisations find Risk Exposures

Banking Executives,Internal Auditors,Financial Analysts,Compliance Officers,Risk Managers,Investment Advisors,Aspiring Banking Professional,Aspiring Financial Services Professional,Credit Analysts,Regulatory Consultants,Insurance Underwriters,Treasury Managers,Portfolio Managers,Operational Risk Managers,Financial Controllers,Chief Risk Officers (CROs),Accountants or Aspiring Accountants,Tax professionals or aspiring tax professionals,Corporate Treasurers,Quantitative Analysts,Loan Officers,Financial Consultants