Introduction to Risk Management

This course will introduce you to the full range of risks that a vast, complex financial institution is subject to. Identify, explain and contrast the various types of risks that financial institutions have to manage. - Provide real-world instances and consequences in which banks have failed to effectively manage risk - Define what a successful enterprise risk management strategy will look like. Financial services companies today face an intricate web of risks that are interconnected, and need to be controlled and minimized to safeguard the business as well as its customers and the stability of the world's financial and economic system. Banks and other financial service companies that fail to manage risks effectively run the risk of failure. Due to their size and connectivity in the event that a major bank fails, it could result in negative consequences on a global scale. This course in risk management provides the foundational elements for anyone who wants to become a managers or risk analysts. Through introducing the concept of risk, the broad range of risks that a financial service company is exposed to, and examining the risk management strategy used at the enterprise level Students will be competent to develop and build their skills in risk management.