Banking Risk Management
Interactive

Banking Risk Management

Sheena Anil
Updated Feb 08, 2021

Course Overview

As a bank employee, it's important to be aware of potential
risk events, and how to manage them effectively.

In the course of performing your role, unexpected situations
will come up that aren't in line with usual practices, and may lead to adverse outcomes. Within the context of the banking industry, it's important to accurately identify, assess, manage and monitor, and report risks when they arise.

This module has audio and an assessment.

Learning Objectives

After completing the module, you'll be able to:

  • Explain the importance of preventing and managing risks in
    the banking industry;
  • Describe key trends affecting financial services within
    Australia and internationally;
  • Identify the major risk types and strategies banks use to manage
    these risks;
  • Describe the Risk Management Framework (RMF), and the key
    processes it must consider;
  • Define the Three Lines of Defence (3LOD) risk management
    model;
  • Explain your obligations to report or escalate any risks,
    issues, incidents or breaches of compliance;
  • Describe the consequences of not following risk management
    processes.