CRS™
Course Overview
The Risk Specialist Masterclass is an intensive program designed to elevate your expertise in risk management. This comprehensive journey equips you with the knowledge and skills required to excel in risk assessment, mitigation, and strategic management.
Throughout the course, you will explore fundamental risk concepts and definitions, gain insights into various forms of risk, including financial, operational, strategic, and compliance risks, and learn techniques for identifying, evaluating, and prioritizing these risks.
The program focuses on risk mitigation strategies, covering avoidance, reduction, and risk transfer, alongside financial risk, operational risk assessment, and compliance considerations. It also emphasizes the principles and frameworks of enterprise risk management (ERM), highlighting its integration with organizational strategy and the role of Chief Risk Officers (CROs).
Practical application is integral, with real-world case studies and a risk management simulation. An optional certification examination is available to earn the "Certified Risk Specialist" designation.
The Risk Specialist Masterclass combines theoretical insights with practical experience, preparing you to navigate complex risk landscapes with confidence and professionalism. Join us to advance your career in risk management.
Key Takeaways
Learners will receive a LEORON certificate of attendance upon the completion of the Face 2 Face Onsite training provided and delivered by LEORON Institute.
The Face 2 Face Onsite Training offered by LEORON is separate and independent from the Online Self-paced Training offered by The New York Institute of Finance via edX. NYIF and edX are not affiliated or associated with the Face 2 Face Onsite Training provided by LEORON, and LEORON is not affiliated or associated with the Online Self-paced Training provided by NYIF.
Course Outline
- Module 1.1: Key Concepts and Definitions
- Definitions of risk and risk management
- Importance of risk management in various industries
- Module 1.2: Types of Risks
- Financial, operational, strategic, compliance, and reputational risks
- How different risks impact organizations
- Module 1.3: Risk Identification
- Techniques for identifying risks
- Building a risk inventory
- Module 1.4: Risk Assessment
- Quantitative and qualitative risk assessment methods
- Risk rating scales and matrices
- Module 2.1: Risk Avoidance
- Strategies for avoiding high-impact risks
- Identifying when avoidance is the best approach
- Module 2.2: Risk Reduction
- Implementing measures to reduce the probability and impact of risks
- Cost-benefit analysis for risk reduction
- Module 2.3: Risk Transfer
- Insurance and contracts for risk transfer
- Managing third-party risk
- Module 2.4: Risk Acceptance
- When and why an organization might choose to accept certain risks
- Monitoring and tolerance levels
- Module 3.1: Market Risk
- Understanding market risk and its components
- Hedging strategies for market risk
- Module 3.2: Credit Risk
- Assessing credit risk in lending and investment
- Credit risk models and mitigation techniques
- Module 3.3: Operational Risk
- Identifying and mitigating operational risks
- Role of internal controls in managing operational risk
- Module 3.4: Compliance and Regulatory Considerations
- Compliance frameworks and standards
- Regulatory requirements and reporting
- Module 4.1: Principles of ERM
- Integrating risk management into organizational strategy
- The role of the Chief Risk Officer (CRO)
- Module 4.2: ERM Frameworks
- COSO ERM framework
- ISO 31000 guidelines for risk management
- Module 4.3: Supplementary Learning from edX
- Explore the edX course "Introduction to Risk Management" for deeper insights and additional perspectives on risk management.
- Discuss key takeaways and insights from supplementary materials
- Module 5.1: Risk Management Case Studies
- Analyze real-world case studies from various industries
- Apply risk management concepts to practical scenarios
- Module 5.2: Risk Management Simulation
- Engage in a risk management simulation exercise
- Make decisions and see the impact on risk