The fundamentals of risk culture and risk management

CONTENT

• Introduction to risk culture
  • What is risk culture?
    • Definition, key elements and the differences between a strong and a weak risk culture
  • The importance of risk culture in financial institutions
    • Risk culture as a driver of organizational resilience and stability
    • Links between risk culture, reputation, and stakeholder trust
    • The role of risk culture in preventing risk materialisation
  • How risk culture shapes decision-making and behaviour
    • Examples of how a strong risk culture influences day-to-day operations
• Basic principles of risk management
  • Introduction to risk management
    • Definition and purpose of risk management
    • The risk management lifecycle (identification, assessment, mitigation, monitoring)
  • Key risk types and their impact:
    • Market risk, operational risk, credit risk, liquidity risk, reputational risk, ...
    • Other relevant risk types: ESG-related risks, conduct risk, ...
• Final tools and strategies to building a strong risk culture & risk response
  • Encouraging transparency, communication, and accountability
  • Encourage proactive risk behaviour
    • Promoting a “speak-up” culture and psychological safety
    • Creating mechanisms for reporting and addressing risks early

PRACTICAL INFORMATION

• Duration: 1 hour
• Course material: interactive module
• Language: This training will be given in English
• CPD hours: This E-learning includes an online test consisting of multiple-choice questions. CPD hours will only be granted if you pass the test. You are entitled to 2 attempts to pass the test. If you do not pass (result lower than 60%), CPD hours will not be granted for this (sub)module. We therefore recommend that you take the test only when you are sure you master the subject matter.