Introduction into Risk Universe

Introduction into Risk Universe

Risk is an integral part of an organization. In our daily life we face risks in different forms - financial risk, health risk, natural disaster risk and so on. Introduction into Risk Universe provides a comprehensive description of different types of risks, lifecycle of risk, how to measure and manage the risk. This course also elaborates on the interaction and dynamic nature of risk under different scenarios. To manage different risks on a consolidated basis, we use Enterprise Risk Management Framework, which has been outlined in this course as well.

On the other hand, risk and reward are hand in glove. Therefore, we have explored the relationship between risk and return in the market and how holding the risk is rewarded. Finally, this course include a detailed case study on two types of risks - Financial Risk ( Traditional Risk ) and Climate Change Risk ( Emerging Risk). Finally, in our bonus lecture, risk management failures leading to Financial Crisis of 2007-08 is described.

The Course Include the following focal points -

What is Risk

How Risk is Different from Uncertainty

A Description of Risk Universe

One Line Definition of Different Risks

What is Risk Management Process

Defining Risk Management Lifecycle

Risk Management Governance

Risk Mitigation Strategies

Challenges and Difficulties in Risk Management

Risk Measurement Approaches ( Qualitative & Quantitative): An Illustrative Example Through Risk Heat Map

Expected Loss and Unexpected Loss

Risks and Rewards

Systematic vs Unsystematic Risk

Enterprise Risk Management : A Helicopter View

Traditional Risk - Focus Area 1: Financial Risks

Different Types of Financial Risks - Market Risk, Credit Risk, Operational Risk, Liquidity Risk

Emerging Risk - Focus Area 2: Climate Change Risks

Different Types of Climate Change Risks – Physical and Transition Risks and its impact

Interactions between Different Types of Risks

2007-2008 : Financial Crisis

Be a Risk Ninja and Ace Risk Management Fundamentals

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What you will learn

• A fundamental and advanced understanding of risk and risk management processes
• What are the different types of risks in the risk universe ( 30+ risks covered)
• In depth understanding of risk management lifecycle, governance and risk mitigation strategies

Rating: 0

Level: All Levels

Duration: 3.5 hours

Instructor: Manab Majumdar