AGRC Certificate in Risk Management

On this accelerated AGRC Certificate in Risk Management course, you’ll gain an understanding of the core principles of risk and risk management in the context of the financial services sector.

This training programme will cover a wide range of topics, from the regulatory environment and risk identification to the three lines of defence model and the impact of risk on the broader business environment. By the end of this course, you’ll be equipped with the knowledge and skills necessary to navigate the complex world of financial risk management.

This training programme will guide you through the intricacies of the financial services industry, providing real-world examples and practical insights. The course features a structured approach with end-of-chapter questions to test your understanding, ensuring that you’re well-prepared to tackle risk management challenges.

In just 2 days, you’ll also gain:

• Comprehensive knowledge of risk management, including in-depth coverage of the risk management frameworks, risk assessment, risk treatment, and the reporting, monitoring, recording, review and communication of risk.
• Practical and hands-on approach to learning about risk management and what is required to curtail or prevent risk from impacting your organisation.
• The necessary tools, information, practices, and skills to transform you into an in-demand professional for financial institutions and other organizations looking to strengthen their departments dedicated to risk management and risk assessment.

At the end of this course, you’ll achieve your AGRC Certificate in Risk Management certification. Through Firebrand’s Lecture | Lab | Review methodology, you’ll get certified at twice the speed of the traditional training and get access to courseware, learn from certified instructors, and train in a distraction-free environment.

Audience

AGRC Certificates are ideal for professionals looking to build a career in governance, risk and compliance, including working in functions that focus on AML, financial crime prevention, risk management, customer onboarding and more.

Module 1: Principles of Risk and Risk Management

• Explain why financial institutions need to manage risk.
• Understand what uncertainty is.
• Understand what risk is.
• Explain what risk management is.
• Learn the principles of risk management.

Module 2: The Financial Services Sector

• Understand the key components of the financial services environment.
• Understand the financial services industry and the types of financial services.
• Identify the types of financial institutions.
• Identify the key types of financial products and services.
• Explain the importance of risk management in financial services.

Module 3: Impact of Risk in Financial Services

• Define and differentiate between various types of risks in the financial services industry, including market risks, credit risks, operational risks, regulatory risks, and cyber risks.
• Explain how these risks can impact financial institutions, affecting their financial stability, solvency, reputation, and broader systemic stability.
• Understand the importance of trust and reputation in the financial sector and how incidents like data breaches, fraud, and poor customer service can erode trust and lead to negative consequences.
• Describe the concept of systemic risk and provide examples of how interconnectedness between financial institutions can amplify risk impacts.
• Recognise the significance of regulatory compliance and legal consequences in the financial industry and the potential outcomes of failing to adhere to regulations.

Module 4: The Regulatory Environment in Financial Services

• Identify the various regulatory bodies that oversee financial services.
• Understand the European System of Financial Supervision
• Explain the financial services regulation including Basel III and Solvency II
• Explain the impact of regulation on risk management in financial services.

Module 5: Establishing a Risk Management Framework

• Understand what a risk management framework and its components is.
• Understand the design of a risk management policy and its content.
• Learn what is risk appetite, risk tolerance and level of risk criteria.
• Define roles and responsibilities within a risk management framework.
• Understand the steps of risk assessment.
• Identify the various risk treatment strategies.
• Understand the importance or risk recording, reporting, monitoring, and reviewing

Module 6: Approaches Used to Identify, Assess and Treat Risks in Financial Services

• Understand the various approaches to risk management in financial services.
• Understand the various risk management frameworks that can be applied to financial services.
• Explain the ISO 31000 risk management framework.
• Explain the COSO ERM risk management framework

Module 7: The Three Lines of Defence Model

• Understand the three lines of defence model.
• Understand the role of the first line of defence.
• Understand the role of the second line of defence.
• Understand the role of the third line of defence.

Module 8: Applying a Risk Management Framework in Financial Services

• Understand how to develop a risk management framework for a financial services organisation.
• Learn how to apply a risk management framework in a financial service organisation.
• Understand how to apply a risk management framework in financial services.

Module 9: Sources of Risk in Financial Services

• Understand the impact of risk in financial services.
• Explain the sources of risk in financial services.
• Explain market, credit, liquidity, operational, legal and compliance, reputation, strategic and systemic risks, in financial services.
• Identify the sources of risk in banks and insurance companies.
• Identify the sources of risk in life and non-life insurance companies. 
• Identify the main cybersecurity risks in financial services organisations.

Module 10: Risk Assessment

• Learn the principles of risk assessment.
• Understand the process of risk assessment.
• Explain the methodology of risk identification and risk analysis.
• Understand the methodology of risk evaluation.
• Be aware of the various risk assessment techniques.

Module 11: Assessment of Risk in Financial Services

• Grasp the key steps involved in risk assessment.
• Gain insight into the process of assessing market risk.
• Comprehend the methods for evaluating credit risk.
• Familiarize yourself with the techniques used to measure liquidity risk.
• Acquire an understanding of how to gauge concentration risk.
• Explore the methods for assessing operational risk
• Get acquainted with the process of evaluating regulatory and compliance risk.
• Learn how to appraise reputational risk.
• Discover how to assess strategic risk.
• Explore the various risks associated with insurance companies

Module 12: Risk Treatment and Incident Response

• Understand what risk treatment is.
• Learn the various strategies (options for treating risk).
• Understand the risk treatment process.
• Know what risk avoidance is.
• Understand what risk reduction/mitigation.
• Be aware of what risk transfer is.
• Understand what risk acceptance is.
• Know what an incident response is.

Module 13: ESG and Conduct Risk in Financial Services

• Learn what is ESG and its common components.
• Understand why ESG matters to financial institutions.
• Understand how to address ESG.
• Learn what is conduct risk and its key aspects.
• Understand to assess and manage conduct risk.

Module 14: Organisational Resilience in Financial Services

• Learn what is organisational resilience.
• Understand the key aspects of organisational resilience.
• Be aware of the EU Digital Operational Resilience Act (DORA).
• Learn which financial entities are covered by DORA.
• Understand DORA key definitions and terms.

Module 15: Impact of Risk in the Wider Business Environment

• Understand the relationship between risk and business objectives.
• Learn what is risk culture and how to recognise a good risk culture. 
• Understand the importance of risk culture in the context or risk management 
• Understand what a business continuity plan is. 
• Learn how to develop a business continuity plan.

At the end of this accelerated course, you’ll sit the following exam at the Firebrand Training Centre, covered by your Certification Guarantee:

AGRC Certificate in Risk Management exam

• Duration: 60 Minutes
• Format: Multiple-Choice Questions, Closed-book
• Number of questions: 50
• Passing score: 70% (70/100)

There are no prerequisites for this accelerated course.

Your accelerated course includes:

• Accommodation *
• Meals, unlimited snacks, beverages, tea and coffee *
• On-site exams **
• Exam vouchers **
• Practice tests **
• Certification Guarantee ***
• Courseware
• Up-to 12 hours of instructor-led training each day
• 24-hour lab access
• Digital courseware **

* For residential training only. Accommodation is included from the night before the course starts. This doesn't apply for online courses.
** Some exceptions apply. Please refer to the Exam Track or speak with our experts.
*** Pass first time or train again free as many times as it takes, unlimited for 1 year. Just pay for accommodation, exams, and incidental costs.

Seven reasons why you should sit your course with Firebrand Training

• Two options of training. Choose between residential classroom-based, or online courses
• You'll be certified fast. With us, you’ll be trained in record time
• Our course is all-inclusive. A one-off fee covers all course materials, exams**, accommodation* and meals*. No hidden extras.
• Pass the first time or train again for free. This is our guarantee. We’re confident you’ll pass your course the first time. But if not, come back within a year and only pay for accommodation, exams and incidental costs
• You’ll learn more. A day with a traditional training provider generally runs from 9 am – 5 pm, with a nice long break for lunch. With Firebrand Training you’ll get at least 12 hours/day of quality learning time, with your instructor
• You’ll learn faster. Chances are, you’ll have a different learning style to those around you. We combine visual, auditory and tactile styles to deliver the material in a way that ensures you will learn faster and more easily
• You’ll be studying with the best. We’ve been named in the Training Industry’s “Top 20 IT Training Companies of the Year” every year since 2010. As well as winning many more awards, we’ve trained and certified over 135,000 professionals

*For residential training only. Doesn't apply for online courses
**Some exceptions apply. Please refer to the Exam Track or speak with our experts

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