What is Risk Management? What are the Steps in Risk management process? | GRC

What is Risk Management and What are the Steps involved in Risk Management are discussed. This is also known as the principles of Risk Management. You will learn how the Risks are managed by the Risk Managers, by following the logical steps or process.

Risk managers possess knowledge of business and operational activities, and risk management frameworks, such as ISO 31000, and COSO Enterprise Risk Management framework. The risk management plan is prepared to perform the overall Risk Management of any organization. In financial institutions, Risk Management is the process of identification, assessment, and management of risks that are faced by the institution. Risk management is performed to mitigate the existing and potential risks, considering categories of risks, impact, and likelihood of risks, and the risk strategy adopted by management.

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✔✔Risk Management Process

✔✔Operational Loss Event Types

✔✔Performing Operational Risk Assessment

✔✔What are the Roles and Responsibilities of Chief risk Officer (CRO)?

✔✔Categories of Operational Risk

✔✔Different Types of Risks Faced by Financial Institutions | Operational risk | Credit Risk | Market Risk | Compliance Risk

✔✔Silicon Valley Bank Collapse Reasons

✔✔What is Predictive Risk Analytics

✔✔Red flags or Risk Indicators in Trade-Based Money Laundering

✔✔What are the Key Sources of Compliance

[pradeepbhatnagar]

Vry.Innovative Lecture on Risk Management in Brief.