Risk Management Syllabus: Online Courses, Professional Certifications, and PG Programmes

Qualitative business risk analysis

Operational Risk Key Risk Indicators (KRIs)

Types of risks in the industry and common frameworks to reduce them

Regulatory structures in different countries and how to adapt to them for doing business

Risk modelling and stress testing

Statistical methods for quantitative risk analysis

Risk assurance and governance

Control and Risk Self-Assessments (CRSA)

Root Cause Analysis

Risk management frameworks. Ex., ISO/IEC 27005 Information Security Risk Management 

Types of risk scenarios in the real world with different types of risk responses

Risk reporting principles

Navigating risks in different industries

Data analysis using Statistics and programming languages like R 

Risk-based decision-making

Organisation-based risk management standards and risk treatments

ISO 27000, ISO 31000

Industry-focused risk measurements 

Risk auditing

Business analytics

Ethics in different regulatory frameworks

Overview of risk management, ERM, governance, aggregation, and reporting

Pricing theory, single- and multi-factor models

Credit risk transfer, financial disasters and crises, GARP Code of Conduct

Probability, Statistics, and Dependence

Hypothesis testing and regression

Time testing, forecasting, simulation, and machine learning

Financial Institutions, Markets, and Central Clearing

Forwards, Futures, and Foreign Exchange

Options Markets and Trading Strategies

Interest Rates, Swaps, and Fixed Income Securities

Measuring Risk and Volatility

Understanding Credit Ratings and Credit Risk

Operational Risk and Stress Testing

Valuing Fixed-Income Securities

Modeling Option Values and Sensitivities

Analysing Market Risk and Correlation Risk

Term Structure and Volatility Modeling and Trading Considerations

Analyzing Credit Risk

Modeling Structured and Portfolio Credit Risk

Counterparty Risk Management

Operational Risk Management, Governance, and Model Risk

Capital Frameworks and Capital Planning

Introduction to Liquidity Risk Management

Stress Testing, Contingency Planning, Deposit Services, and Non-Deposit Liabilities

Repos, Liquidity Transfer, Interest Rate Risk Management, and Cross-Currency Concerns

Portfolio Construction and Management

Performance Measurement, Risk Budgeting, Hedge Funds

Current Issues in Financial Markets

Domains 

Subjects and subtopics

Governance

1. Organizational Governance - Organizational Strategy, Goals, and Objectives, Organizational Structure, Roles and Responsibilities, Organizational Culture, Policies and Standards, Business Processes, Organizational Assets

1. Risk Governance - 

Enterprise Risk Management and Risk Management Framework, Three Lines of Defense, Risk Profile, Risk Appetite and Risk Tolerance, Legal, Regulatory and Contractual Requirements,

Professional Ethics of Risk Management

IT Risk Assessment

1. IT Risk Identification - 

Risk Events (e.g., contributing conditions, loss result), Threat Modelling and Threat Landscape,

Vulnerability and Control Deficiency Analysis (e.g., root cause analysis),

Risk Scenario Development

1. IT Risk Analysis and Evaluation - 

Risk Assessment Concepts, Standards and Frameworks, Risk Register, Risk Analysis Methodologies, Business Impact Analysis, Inherent and Residual Risk

Risk Response and Reporting

1. Risk Response -
   Risk Treatment / Risk Response Options, Risk and Control Ownership, Third-Party Risk Management, Issue, Finding and Exception Management, Management of Emerging Risk

1. Control Design and Implementation - 

Control Types, Standards and Frameworks, Control Design, Selection and Analysis, Control Implementation, Control Testing and Effectiveness Evaluation

1. Risk Monitoring and Reporting -

Risk Treatment Plans, Data Collection, Aggregation, Analysis and Validation, Risk and Control Monitoring Techniques, Risk and Control Reporting Techniques (heatmap, scorecards, dashboards),

Key Performance Indicators, Key Risk Indicators (KRIs), Key Control Indicators (KCIs)

Information Technology and Security 

1. Information Technology Principles

Enterprise Architecture

IT Operations Management (e.g., change management, IT assets, problems, incidents)

Project Management

Disaster Recovery Management (DRM)

Data Lifecycle Management

System Development Life Cycle (SDLC)

Emerging Technologies

1. Information Security Principles

Information Security Concepts, Frameworks and Standards, Information Security Awareness Training, Business Continuity Management, Data Privacy and Data Protection Principles