Introduction into Risk Universe
Be a Risk Ninja and Ace Risk Management Fundamentals
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
Foundational understanding of Qualitative and Quantitative Risk Measurement approaches
An Helicopter view of Enterprise Risk Management
Risk-Reward Trade offs
Case Study on Financial Risk : A detailed description
Case Study on Climate Change Risk : A detailed description
Case Study on Interaction between different risks
Why take this course?
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