Risk management is the process of minimizing threats that may compromise the goals of an organization. Threats can come from many areas and can take the form of financial issues, cyber-attacks, legal issues, natural disasters, competitors, human resource problems, and more. A risk manager must identify, assess, and determine how best to mitigate each of these threats through a careful and well-developed risk management process.
List of The Best Risk Management Online Courses
1. Introduction to Risk Management
What is risk? Why do firms manage risk? In this course, you will be introduced to the different types of business and financial risks, their sources, and best practice methods for measuring risk. This course will help you gauge different risk types and set risk limits, describe the key factors that drive each type of risk, and identify the steps needed to choose probability distributions to estimate risk. You will explore the history and development of risk management as a science, and financial and business trends that have shaped the practice of risk management. By the end of the course, you will have the essential knowledge to measure, assess, and manage risk in your organization.
To be successful in this course, you should have a basic knowledge of statistics and probability and familiarity with financial instruments (stocks, bonds, foreign exchange, etc). Experience with MS Excel recommended.
- Differentiate between financial and business risks
- Examine the key concepts and factors of risk measurement
- Understand the application of risk modeling
- Understand the principles of risk management
Course Duration: 16 hours
2. Risk Management (Short Course)
Whether already working in the Management position or interested in trying something entirely new, this risk management free course can help you take that next important step toward the career of your dreams.
The divide between risk and opportunity is so fine that they are often seen as one and the same. Every opportunity that comes along must be considered in accordance with its risks, just as risks much be taken to make the most of any opportunity. It is therefore how risks are approached and controlled that will often determine whether or not it is a risk worth taking.
- Explain what is meant by “Risk Management.”
- Evaluate the objectives of risk management for a business.
- Discuss a risk-management process.
- Evaluate the benefits of risk management approach.
Course Duration: Self Paced
3. Identifying Competitive Risk
In this free, 30-minute Harvard Business School (HBS) Online lesson, you’ll learn how to identify sources of competitive risk and examine how they impact strategy through the example of Quiet Logistics, a company that provides order fulfillment to e-commerce retailers.
- Define what competitive risk is
- Understand the consequences of failing to monitor risk
- Examine how competitive risk can impact strategy
Course Duration: 30 mins
4. Learn Risk Management: Risk Planning in Agile And Scrum
Learn the proven methods to effectively plan for and manage risks in Scrum and keep your projects on track. As a project manager, product owner, Scrum Master, or team lead, you know all too well the challenges of delivering a successful project in a complex environment. The unpredictable and uncertain nature of product development is sure to bring about various types of risks, from business to market, technology to financial, and everything in between.
By taking this course, you’ll discover the tools and strategies needed to manage risks and keep your projects on target. Through Transparency, Inspection, Adaption, and empiricism, you’ll learn how to prioritize risks, identify and mitigate common management anti-patterns, and create a risk management plan that will help you take control of your project and achieve your goals.
- Define Risk Management in Scrum
- Identify the types of Project Risks
- Explain Risk Assessment
- Explain impact versus likelihood matrix
- Understand the concept of placing risks on a matrix
- Define and understand Risk Strategies, Contingency, Mitigation
- Identify Group Anti-Patterns
- Identify Individual Anti-Patterns
- Explain Contingency Plan vs Fallback Plan
- Understand how The Risk Assessment Meeting is held
- Understand how to create a Risk Plan
Course Duration: 1.5 hours
5. Learn Risk Analysis, Evaluation & Assessment – from A to Z
Besides risk management, risk assessment is demanded in many field, like product development, process control, project management, business plans and so on. Even a process as simple as delivering a meal in a business activity, is subject by law to a particular risk assessment.
However, the theoretical basis is almost the same for every field, even though there are many risk assessment tools available for this objective. In this course, we will cover both the common basis and the specific tools.
Both the general part and the particular techniques lessons are fitted with examples and downloadable excel worksheets. At the end of the course, you will be able to master both the basic concepts and specific techniques, and you will be able to apply and adapt this knowledge to your field of interest.
- Perform a risk analysis, evaluation and assessment
- Use standard risk assessment tools like FMEA, FTA, PHA, HAZOP and HACCP
- Understand the various techniques of risk analysis
- Use the Failure Mode and Effects Analysis FMEA technique
- Use the Fault Tree Analysis FTA technique
- Use the Hazard Analysis and Critical Control Point HACCP technique
- Use the Preliminary Hazard Analysis PHA technique
- Use the Hazard and Operability Study HAZOP technique
- Adapt and use the risk analysis techniques in a flexible way to virtually every field of work
Course Duration: 1 hour
6. Risk Management in Banks
In this course, we will learn about the risks faced by Banks and the methodologies adopted by Banks for identification, measurement, monitoring and mitigation of risk.
The learners will gain insights on the essential elements of the Framework adopted by Banks for Risk Management. The course covers major domains of Credit, Market & Operational Risk and concludes with understanding Risk Management at Enterprise Level. The course covers the Global Best Practices that have evolved from past experiences. The course will be of value for learners who want to understand how risk is managed in Banks.
- Relationship between Risk and Capital.
- Role of Basel in Bank Risk Management & ongoing enhancements brought about in Basel III.
- The types of risk faced by banks and the processes followed by banks for managing them.
- The Primary risks faced by Banks (Credit, Market & Operational).
- Risk Management at Enterprise level.
Course Duration: 4 weeks (3-5 hour/week)
7. Risk Management Professional Certificate Examination
Ready to start your career in Risk Management? If you’ve gained a clear, comprehensive survey of the practice of Risk Management, your next step is to complete the Risk Management Certification Exam from the New York Institute of Finance. To earn your Professional Certificate in Risk Management from the New York Institute of Finance (NYIF), you must pass this exam.
- Introduction to Risk Management
- Measuring Risk: Equity, Fixed Income, Derivatives and FX
- Risk Management Tools and Practices
- Stress Testing and Regulation – Part 1
- Stress Testing and Regulation – Part 2
Course Duration: 1 week (1-2 hours/week)
8. Risk Management in the Global Economy
What is risk? Why does it matter, to us and to the financial markets? What are the principles that drive the management of risk? Can we ensure that these principles are implemented wisely? This free online course will look at risk management in its broadest terms, giving you the opportunity to evaluate the crucial role played by risk in the global economy, both in terms of its opportunities and its potential dangers.
- Understanding risk management
- Understanding financial investment, including stocks and bonds, derivatives, futures and options, hedging and speculation strategies
- Measuring and monitoring risk, including managing portfolios and calculating risk and returns
- Applications of risk management
Course Duration: 4 weeks (2 hours/week)
9. Risk Management
The course is the result of collaboration between The Open University and Rolls-Royce PLC. This collaboration has ensured that contemporary theories about risk management are explored within the context of an international company that is required to apply these theories in its business practices.
This eight-session course examines how to practise good risk analysis and then apply successful processes to manage it. The course is supported by case studies and audio-visual materials to help explain the varied and often complex risk management practices employed at Rolls-Royce and widely elsewhere.
- identify and understand the risks faced by organisations
- know how to assess and measure the impact of risks on organisations
- understand the different ways that risks can be managed or mitigated
- understand how organisations can apply ‘Enterprise Risk Management’
- understand the importance of effective monitoring and reporting of risks.
Course Duration: 24 hours
10. Sustainability Risk Management
In this course, you will identify sustainability risks associated with particular corporate activities and propose actions to mitigate these risks. To do this, you will review a corporate 10k to evaluate and identify a company’s identified risks. You will then examine ways that corporations disclose, report, and manage reputational risk. Finally, based on your previous findings, you will develop several strategic corporate sustainability initiatives focused on a company and its key stakeholders. By the end of this course, you will be better prepared to identify regulatory and reputational sustainability risks and develop strategies to mitigate these risks.
- Critically examine sustainability risks associated with particular corporate activities
- Identify ways corporations disclose and report their sustainability efforts and manage reputational risk
- Propose solutions to mitigate these risks
Course Duration: 3 weeks (3-5 hours/week)
11. Risk Management for Corporate Leaders—Virtual
In this live online course, you will examine the latest research and best practices for measuring risk level, assessing potential threats, identifying and responding to novel risk events, and protecting enterprise value. By improving your ability to organize, manage, and govern the risk management function, you will be better prepared to protect your company’s assets, brand reputation, and competitive advantage—and to respond rapidly to unexpected, consequential events.
- Linking risk management to strategy formulation and execution
- Managing the risks from uncontrollable external events
- Responding to reputational and brand risks
- Organizing, managing, and governing the risk management function
- Maintaining the creative tension between innovation and risk management
- Expand your personal and professional network
Course Duration: 11 days
12. Risk Management
Risk can be hard to spot. And, if you’re hit by a consequence that you hadn’t planned for, costs, time, and reputations could be on the line. Every project involves risks and every project needs to have a management strategy for dealing with the threats and opportunities represented by each risk.
This course explains the key issues and concepts involved in effective risk management. The course defines and examines types of risk, with a focus on understanding the process of risk identification, assessment, prevention, insurance, mitigation, and recovery.
- Essential risk identification strategies
- Assessing and addressing risks with effective action plans
- Evaluating risk responses and preventing risks in the future
Course Duration: 2 hours
13. Investment Risk Management
By the end of the project, you will learn how to quantify risk-to-reward using Treynor Ratio, and calculate the value at risk for investment portfolio. ATTENTION: To take this course, it is required that you are familiar basic financial risk management concepts. You can gain them by taking the guided project Compare Stock Returns with Google Sheets. Note: This course works best for learners who are based in the North America region. We’re currently working on providing the same experience in other regions. This course’s content is not intended to be investment advice and does not constitute an offer to perform any operations in the regulated or unregulated financial market
- Quantify risk-to-reward using Treynor Ratio
- Calculate value at risk for investment portfolio
- Showcase this hands-on experience in an interview
Course Duration: 1 hour
14. Emergency Preparedness (Short Course)
Oxford Home Study Centre is proud to offer the highest quality free emergency preparedness courses, now open for enrolment. This exclusive free emergency preparedness response course is 100% self-paced and 100% free of charge. Study in your own time at a pace that suits your lifestyle, building the knowledge and skills needed to stay cool in times of crisis. Our free emergency preparedness training courses are based on the same high-quality materials as our paid courses. Key topics covered include emergency planning, the different categories of emergencies, establishing a chain of command, the responsibilities of the facility manager and more.
- Meaning of Facility Emergency Preparedness.
- Emergency Planning is a continuous process.
- The responsibilities of the facilities manager in emergency preparedness.
Course Duration: Self Paced