How to Manage Project Risk: A 5-Step Guide
The risk management process includes five steps: identify, analyze, evaluate, treat, and monitor. You can mitigate risks by avoiding, accepting, reducing, or transferring them.
February 11, 2025
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This course is part of Preparatory Certificate in Finance and Financial Markets Specialization
Instructor: CFI (Corporate Finance Institute)
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Today's financial services organizations face a complex web of interconnected risks, which must be managed and mitigated to protect the company, its customers, and the ongoing stability of the global financial and economic system.
Banks and other financial services organizations that do not manage risk effectively are at risk of failing. And, due to their size and interconnectedness, when a large bank fails, it can lead to negative consequences experienced at a global level. This risk management course provides the fundamental building blocks for any aspiring risk analyst or manager. By introducing the concept of risk, the wide spectrum of risks a financial services organization is exposed to, and reviewing the risk management approach taken at an enterprise level, students will be exceptionally well-placed to build and develop their risk management capabilities. Upon completing this course, participants will be able to: ● Define what risk is for banks and financial institutions ● Give real world examples of failures in risk management from the banking industry ● Compare the various risks a bank and financial institution is exposed to ● Identify the stages in an effective enterprise risk management framework ● Explain the importance of a strong risk culture This introductory course is essential to anyone exploring a career in risk management in the financial services industry.
This course introduces the entire spectrum of risks that a large, complex financial institution is exposed to. We will identify, describe, and compare the risks financial institutions need to manage. Then, we will list real-life examples and outcomes where banks have failed to manage risk effectively. Finally, we will articulate an effective enterprise risk management framework.
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CFI is the leading global provider of training and productivity tools for finance and banking professionals. CFI delivers the skills, certifications, CPE credits, and resources to help anyone—from beginner to seasoned pro—drive their career in finance & banking.
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