RISK MANAGEMENT

Course Outline

PRELIM – MIDTERM:

INTRODUCTION
Definitions of Risk and Risk Management
Principles of Risk Management
Benefits of Managing Risk

ENTERPRISE RISK MANAGEMENT

Definition of Enterprise Risk Management
Frameworks of ERM
ISO 31000
Institute of Risk Management
COSO ERM Cube
CoCo (Criteria of Control)

IMPLEMENTATION OF RISK MANAGEMENT

Goals of an ERM Program
Risk Functions
Limitations of ERM
Common Challenges in ERM Implementation
Roles and Responsibilities
Challenges and Current Issues in ERM Program

FINAL

SIX-STEP APPROACH TO ENTERPRISE RISK MANAGEMENT

Risk Identification
Risk Assessment
Risk Analysis
Implementation
Monitoring
Evaluation

RISK MANAGEMENT IN FINANCIAL INSTITUTIONS

What is Financial Risk Management
Sources of Financial Risk Management
Definition of Financial Risk
Sources of Financial Risk
Definition of Financial Risk Management
Types of Risks Incurred by Financial Institutions
REFERENCES:

Saunders, Anthony and Marcia Millon Cornett. Financial Markets And Institutions: An
Introduction To The Risk Management Approach. (2007). 3rd edition. pp. 534-548.

Hopkin, Paul. Fundamentals of Risk Management: Understanding, Evaluating and

Implementing Effective Risk Management. (2015). 5th edition. New York: Kogan Page.