The process of identifying, assessing, and controlling financial risks to minimize their impact on an organization.

Potential losses that can arise from various factors, including market fluctuations, credit defaults, or operational failures.

Adhering to laws, regulations, and guidelines governing financial practices to ensure legal and ethical operations.

A systematic process of evaluating potential risks and their impact to prioritize risk management efforts.

A condition where the financial system operates efficiently and can withstand economic shocks without major disruptions.

The risk of losses due to changes in market prices, such as stock prices, interest rates, or currency values.

The potential for loss due to a borrower’s failure to repay a loan or meet contractual obligations.

The risk of loss resulting from inadequate or failed internal processes, people, and systems.

Strategies and actions taken to reduce the likelihood or impact of identified risks.

An evaluation method that relies on subjective judgment to assess risks based on experience and intuition.

An evaluation method that uses numerical data and statistical techniques to measure risks.

A tool used to prioritize risks by assessing their likelihood and impact, often visualized in a grid format.

A strategic planning tool used to identify strengths, weaknesses, opportunities, and threats related to risk strategies.

A detailed list of regulatory requirements and best practices to ensure adherence to compliance standards.

The process of engaging and informing stakeholders about risk management initiatives and their implications.

A strategy outlining how to incorporate risk management frameworks into existing organizational structures.

A concise overview of a report or proposal, highlighting key points for quick understanding by decision-makers.

An in-depth analysis of a specific instance or example of risk management practices in real-world scenarios.

A practical exercise that replicates potential risk scenarios to evaluate responses and strategies.

A process where colleagues evaluate each other's work to provide constructive feedback and improve quality.

A comprehensive display of a completed project or framework, showcasing insights and strategies developed throughout the course.

Practical and implementable plans designed to address identified risks effectively.

A structured document that outlines the components and processes of a risk management framework.

An organization that provides financial services, such as banks, investment firms, and insurance companies.