ISO 31000: Risk Management for Financial Institutions

ISO 31000: Risk Management for Financial Institutions

Objective:
By the end of this course, participants will understand the ISO 31000 risk management framework, learn to apply it to financial institutions, and develop skills for identifying, assessing, and managing risks effectively.

Introduction to ISO 31000 and Risk Management
• Overview of ISO 31000 and its importance in financial institutions.
• Key principles and guidelines of ISO 31000 risk management framework.
• The risk management process: Context, identification, assessment, and treatment.

Risk Identification and Assessment
• Techniques for identifying risks in financial institutions.
• Risk assessment methods: Qualitative and quantitative approaches.
• Risk evaluation: Determining the impact and likelihood of identified risks.

Risk Treatment and Control Strategies
• Approaches to risk treatment: Avoidance, mitigation, transfer, and acceptance.
• Developing and implementing risk control strategies.
• Monitoring and reviewing risk management actions.

Integrating ISO 31000 into Financial Institutions
• Embedding risk management practices into organizational culture.
• Tools and techniques for risk monitoring and reporting.
• Real-world case studies of ISO 31000 implementation in financial institutions.