Risk Compliance / Risk Management Practice Exam
About Risk Compliance - Risk Management
Risk
management is the process of making and carrying out decisions that
will minimize the adverse effects of risk on an organization. The
adverse effects of risk can be objective or quantifiable like insurance
premiums and claims costs, or subjective and difficult to quantify such
as damage to reputation or decreased productivity. By focusing attention
on risk and committing the necessary resources to control and mitigate
risk, a business will protect itself from uncertainty, reduce costs, and
increase the likelihood of business continuity and success.
Why is Risk Compliance - Risk Management important?
There are many reasons to manage risk. Some of them include:
• Saving resources: people, income, property, assets, time
• Protecting public image
• Protecting people from harm
• Preventing/reducing legal liability
• Protecting the environment
Who should take the Risk Compliance - Risk Management Exam?
• Risk management professionals
• Compliance professionals
• Risk Advisors and consulting firms
• Auditors
• Internal controls professionals
• CFA / FRM / CA / ACCA / CAMS or Finance students
• Business owners
• Entrepreneurs
• Innovators
• Anyone who wants to assess their risk compliance or management skills
• Risk compliance or management consultants
• Professionals working in outsourced companies responsible for risk compliance or management
• Anyone interested in risk compliance or management
• Students
Risk Compliance - Risk Management Certification Course Outline
1. Introduction to Risk Management
2. Process of Risk Management
3. Risk Options
4. Risk Identification
5. Risk Analysis
6. Risk Treatment
7. Create a Risk Management Plan
8. Areas of Risk Management
9. Enterprise Risk Management
10. IT Risk Management
11. Risk Management Evaluation
12. Risk Management and Business Continuity