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.
