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Certificate in Risk Management

Vinsys, in association with AGRC (the Association of Governance, Risk, and Compliance, offers the Certificate in Risk Management as a specialised course to equip you with different factes of identifying and addressing risks and compliance. You will learn to recognize, evaluate and handle risks in

Duration Duration : 3 Days
1983
user 3245 participants
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  • business academy
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  • risk management course
Content is tailored to the needs of professionals, regardless of their work experience.
Grasp updated information related to the changes applied to the financial services risk management.
Gain internationally acclaimed qualifications, with opportunities in the governance, risk, and compliance field.
Interactive learning through live sessions and expert coaching from industry leaders.
OverviewLearning ObjectivesWho Should AttendPrerequisiteOutlineCertification

COURSE OVERVIEW

The Certificate in Risk Management is a Vinsys-backed program delivered in association with The Association of Global Risk Companies – AGRC. This course offers a comprehensive and tangible way of learning risk management for the dynamically unfolding financial environment. The course will enable participants to develop the capability to identify, evaluate, and manage various risks, such as market risks, credit risks, operational risks and systemic risks. Participants, in turn, study various risk frameworks using presentations, forums and case studies prepared by experts.
The program is mostly based on actual examples and includes practical activities that can help manage risks effectively. The course also presents other critical concepts like risk appetite, risk tolerance, and risk regulation to provide the learners with efficient risk management procedures. Whether you are an existing risk management professional or someone who is just starting their career, this certification will provide the necessary knowledge to help enhance organizational capabilities and aid in sustainable growth in today’s risk-oriented world.
 

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COURSE OBJECTIVES

Upon completion of this training, participants should be able to:

  • Acquaint themselves with various concepts in assessing risk management 
  • Build, establish and successfully monitor your own unique Risk Management Controls in your organization
  • Investigate the historical development of risk management and related frameworks
  • Establish a risk-sensitive environment throughout your organization
  • Develop and implement a sound risk management plan and procedure in your firm
  • Master the field, combining the risk and opportunity matrix to improve your choices
     

TARGET AUDIENCE

This course targets:

  • Financial professionals who would like to improve their risk management knowledge
  • Compliance officers seeking to enhance their knowledge of risks and compliance
  • Risk managers adopting efficient risk management frameworks
  • Top management officials and decision-makers involved in strategic financial matters 
  • Individuals who want to shift to risk management positions
  • Employees designing risk management training for their corporations
     

ELIGIBILITY CRITERIA

The course is available for individuals or groups having:

  • A bachelor’s degree in finance, business or any related degree program
  • Risk management experience or experience in finance is desirable
  • Knowledge of risk management concepts and terms as general, essential, inherent, identifiable, avoidable, measures, and mitigation

Please contact Vinsys for specific criteria as these conditions might be suggested and not mandatory. It is useful to have critical thinking and analyzing abilities to complete the course successfully and attain the certification.
 

Course Outline

Principles of Risk and Risk Management

  • Why Financial Institutions Need to Manage Risk
  • Introduction to Risk Management
  • Defining Uncertainty
  • Principles of Risk Management

The Financial Services Sector

  • Key Components of the Financial Services Environment
  • Types of Financial Services
  • Key Types of Financial Products and Services

Impact of Risk in Financial Services

  • Direct and Indirect Impacts of Risk
  • Addressing a Group of Incidents with a Common Root Cause

The Regulatory Environment in Financial Services

  • Regulatory Bodies
  • The European System of Financial Supervision (ESFS)
  • European Systemic Risk Board (ESRB)
  • European Banking Authority
  • European Securities and Markets Authority (ESMA)
  • European Insurance and Occupational Pensions Authority (EIOPA)
  • The ESFS Macro-prudential and Micro-prudential Supervision
  • Compliance Requirements
  • The Regulatory Landscape
  • Basel III
  • Solvency II Directive
  • Markets in Financial Instruments Directive (MiFID II)
  • Banking Directive and Regulation (CRD IV/CRR)
  • Alternative Investment Fund Managers Directive (AIFMD)
  • Payment Services Directive (PSD2)
  • Anti-Money Laundering Directive (AMLD)
  • General Data Protection Regulation (GDPR)
  • Investor Protection and Intermediaries Regulation (MiFIR)
  • European Market Infrastructure Regulation (EMIR)
  • Prospectus Regulation
  • Securities Financing Transactions Regulation (SFTR)
  • Insurance Distribution Directive (IDD)
  • PRIIPs (Packaged Retail and Insurance-Based Investment Products)
  • Impact of Regulation on Risk Management

Establishing a Risk Management Framework

  • Overview of the Risk Management Framework
  • The Risk Management Policy
  • Typical Components of a Risk Management Policy
  • Purpose and Scope of the Risk Management Policy
  • Risk Appetite and Risk Tolerance
  • Level of Risk Criteria
  • Roles and Responsibilities in Risk Management
  • Steps of Risk Assessment
  • Risk Treatment Strategies
  • Risk Recording, Reporting, Monitoring, and Reviewing

Approaches Used to Identify, Assess and Treat Risks in Financial Services

  • Approaches to Risk Management
  • Risk Management Frameworks
  • The ISO 31000 Risk Management Framework
  • COSO ERM

The Three Lines of Defence Model

  • Overview of the Model
  • First Line of Defence
  • Second Line of Defence
  • Third Line of Defence

Applying a Risk Management Framework in Financial Services

  • Overview
  • Establish Context
  • Risk Identification
  • Risk Assessment
  • Risk Treatment
  • Risk Monitoring and Review
  • Risk Communication and Consultation
  • Risk Recording and Reporting

Sources of Risk in Financial Services

  • Impact of Risk in Financial Services
  • Sources of Risk in Financial Services
  • Market Risk
  • Credit Risk
  • Liquidity Risk
  • Operational Risk
  • Legal and Regulatory (Compliance) Risk
  • Strategic Risk
  • Reputational Risk
  • Systemic Risk
  • Sources of Risk in Banks
  • Sources of Risk in Insurance Companies
  • Sources of Risk in Life Insurance Companies
  • Sources of Risk in Non-Life Insurance Companies
  • Cybersecurity Risks in Financial Services Organizations

Sources of Risk in Financial Services

  • Impact of Risk in Financial Services
  • Sources of Risk in Financial Services
  • Market Risk
  • Credit Risk
  • Liquidity Risk
  • Operational Risk
  • Legal and Regulatory (Compliance) Risk
  • Strategic Risk
  • Reputational Risk
  • Systemic Risk
  • Sources of Risk in Banks
  • Sources of Risk in Insurance Companies
  • Sources of Risk in Life Insurance Companies
  • Sources of Risk in Non-Life Insurance Companies
  • Cybersecurity Risks in Financial Services Organizations

 

Risk Assessment

  • Risk Assessment Overview
  • Risk Identification
  • Risk Identification Techniques
  • Brainstorming Workshops
  • SWOT Analysis
  • Scenario Analysis
  • Business Process Mapping
  • Questionnaires/Surveys Checklists
  • Risk Registers
  • Risk Surveys
  • Risk Interviews
  • Industry Analysis
  • Historical Data Analysis
  • Risk Analysis
  • Risk Evaluation
     

Assessment of Risk in Financial Services

  • Assessment of Market Risk
  • Assessment of Credit Risk
  • Assessment of Liquidity Risk
  • Assessment of Concentration Risk
  • Assessment of Operational Risk
  • Assessment of Regulatory and Compliance Risk
  • Assessment of Reputational Risk
  • Assessment of Strategic Risk
  • Assessment of Systemic Risk
  • Assessment of Risks in Life Insurance Companies
     

Risk Treatment and Incident Response

  • Risk Treatment Process
  • Risk Avoidance/Elimination
  • Risk Reduction/Mitigation
  • Risk Transfer/Risk Sharing
  • Risk Retention
  • Incident Response

ABOUT THE EXAMINATION

Recommended Training Hours: Participants are expected to undertake learning and training for about 25 to 30 hours in the project. This estimation does not include time spent in special study, rehearsals for the tests, and reviewing or over-reviewing.
Additional Study Time: The expected time participants will spend studying to cover all the areas of the exam is fifteen hours minimum. However, this is quite flexible depending on how much prior knowledge and related working experience one has.
Exam Format: The exam consists of multiple-choice questions (MCQs)
Total Number of Questions: The examination includes 50 questions
Passing Score: A minimum score of 70 out of 100 is required to pass
Duration of Exam: Candidates will have 60 minutes to complete the exam
Delivery Method: The exam is delivered via a computer-based platform
 

Choose Your Preferred Mode

trainingoption

ONLINE TRAINING

  • Immersive online study material that covers real-world risk management scenarios.
  • Market-oriented case studies that address today’s global risk issues in the financial sector.
  • Individual feedback and support lessons provided by the course’s experts.
  • Utilise risk management tools and software personally during the course.
     
trainingoption

CORPORATE TRAINING

  • Seminars with teamwork and group exercises for creating group cohesion.
  • Ensures that all departments are aware of risk across the business.
  • Hourly training that can fit the company’s business hours and the availability of employees.
  • Ongoing post-training facilitation with specific recommendations for organization’s betterment.
     

FAQ’s

Is the Certificate in Risk Management recognized internationally?
 

Yes, the Certificate in Risk Management is recognized globally within the governance, risk, and compliance sectors.
 

Can I pursue further education after obtaining this certificate?
 

Yes, the Certificate in Risk Management can serve as a foundation for further studies in risk management or related fields.
 

Is risk management a good course?
 

The risk management sector is dynamic and expanding, creating a high demand for skilled people. 
 

Are risk managers in demand?
 

With the world's instability and uncertainty rising, risk managers are in great demand as businesses strive to distinguish themselves as long-term winners.
 

How long is the Certificate in Risk Management valid?
 

The Certificate in Risk Management does not expire and remains valid indefinitely.
 

How can I stay updated on the latest trends and best practices in risk management?
 

Attend industry conferences, join professional organizations, and stay informed about regulatory changes.
 

Are there any international standards or frameworks associated with risk management certifications?
 

Certifications align with international standards like ISO 31000 or COSO  ERM Framework.
 

Related Courses For You

Certificate in Anti-Money Laundering (AML)
Certificate in Compliance

Reviews

Vinsys' Certificate in Risk Management course has equipped me with the tools to navigate uncertainties in my personal and professional life confidently. This course was like a superhero cape for risk management!
Tabassum
I was initially intimidated by the concept of risk management, but Vinsys Certificate in Risk Management course made it accessible and engaging. Now, I feel more prepared to tackle challenges head-on.
Ahmed Yafai
Implementing the strategies learned from the Certificate in Risk Management course has significantly improved our company's risk mitigation efforts. It's a valuable investment for any organization.
Rizwan Salim
Vinsys Certificate in Risk Management course gave our organisation a clear plan for identifying, assessing, and mitigating risks. It is a must-have for firms trying to increase resilience and safeguard their bottom line.
Hazelwood
We have enhanced strategic leadership skills in our team who can now better thrive in a competitive environment.
Hussain MalikTrainer