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.

A risk exists where there is an opportunity for a profit or a loss. In terms of losses, we commonly refer to the risks as exposures to loss, or simply exposures. A fire is an exposure. Defective products or defamation are liability exposures. The loss of business that results from a damaged building or tarnished reputation is also an exposure.

Why is Risk Compliance - Risk Management important?
The purpose of risk management is not to eliminate all risks. It is to minimize the potential negative consequence of risks. By working with risk managers, employees can make smart risk decisions to improve the chance of reward.

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

Knowledge and Skills required for the Risk Compliance / Risk Management

Critical thinking and good communication skills helps candidate to gain quick success for career in risk compliance / risk management.

Risk Compliance / Risk Management Practice Exam Objectives

Risk Compliance / Risk Management exam focuses on assessing your skills and knowledge in risk compliance and risk management

Risk Compliance / Risk Management Practice Exam Pre-requisite

There are no prerequisites for the Risk Compliance / Risk Management exam. Candidates who are well versed  in risk management can easily clear the exam.

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

Exam Format and Information
Certification name – Risk Compliance - Risk Management Certification
Exam duration – 60 minutes
Exam type - Multiple Choice Questions
Eligibility / pre-requisite - None
Exam language - English
Exam format - Online
Passing score - 25
Exam Fees  - INR 1199