What is financial risk management?
Risk management is the process of identifying, assessing and controlling threats to an organization's capital and earnings. These threats, or risks, could stem from a wide variety of sources, including financial uncertainty, legal liabilities, strategic management errors, accidents and natural disasters. IT security threats and data-related risks, and the risk management strategies to alleviate them, have become a top priority for digitised companies.
As a result, a risk management plan increasingly includes a company’s processes for identifying and controlling threats to its digital assets, including proprietary corporate data, a customer's personally identifiable information and intellectual property.
Risk managers analyze and measure an organisation's exposure to financial uncertainties. They identify ways to reduce and control risks, such as those caused by changes in currency or commodity prices. These professionals might work in banks and private businesses, among other settings.
Typically, it takes students around three years to complete the International Diploma. If you want to spread your studies out a bit more (or if you need time for retakes) you can take up to five years.
You must complete the first two modules within two years of enrolling as a student. Once you have completed the first two modules, you will be awarded the International Certificate. If you want to then go on to complete the full International Diploma, you then have a further three years.
During the application process you may need to do online tests to demonstrate your analytical skills. Find sample tests online and in careers advice books to help you understand the types of question you might face.
During any task, listen carefully to the questions and don't be afraid to ask for clarification.
Interested in the financial risk management training? Find out more about the financial risk management coursewe can offer you and book on to our FRM course.