About the Certificate In this course, you will explore the core principles of risk and risk management in the context of the financial services sector. This course 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. 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. Whether you’re a student, professional, or someone interested in financial risk management, this course will provide you with a solid foundation in this critical field. Expected Learning Outcomes By acquiring the Certificate, participants are expected to be able to: • Understand the fundamental principles of risk management in the context of financial services. • Identify and differentiate between various types of financial institutions and their roles within the sector. • Analyse the direct and indirect impacts of risk on financial services, including real-world examples. • Examine the regulatory landscape in financial services, including key regulations and their implications for risk management. • Establish a comprehensive risk management framework, including defining risk appetite and roles and responsibilities. • Compare and contrast different approaches to identify, assess, and treat risks in financial services, such as ISO 31000 and COSO ERM. • Comprehend the “Three Lines of Defence” model and its significance in safeguarding agains Some of the topics covered by this Certificate include: • Principles of Risk and Risk Management • The Financial Services Sector • Impact of Risk in Financial Services • The Regulatory Environment in Financial Services • Establishing and Applying a Risk Management Framework • Approaches Used to Identify, Assess, and Treat Risks • The Three Lines of Defence Model • Sources of Risk in Financial Services • Risk Assessments in Financial Services • Risk Treatment and Incident Response Prerequisites No previous knowledge or experience is required though it is assumed that participants have good knowledge of English and a sound education background. Target Audience This course is ideal for anyone wishing to be introduced to risk management and the different requirements that this sector might entail moving forward. Professionals carrying out the roles of directors, members of the Board, senior managers, lawyers, company secretaries, compliance and risk officers, and consultants may benefit from this course. No previous knowledge or experience is required, although it is assumed that participants have good knowledge of English and a sound educational background. Certificate Format • Register at any time for this online, open certificate • Study in your own time and at your own pace (you have up to 3 months to complete the certificate) • Assessed by online multiple-choice exam Exam Format • Duration: 60 minutes • Number of questions: 50 • Type of question: Multiple choice • Pass mark: 70/100 • Results appear directly once you submit all of your answers. • Certificate is issued instantly in PDF and sent by email. • A printed copy of the certific What is included • 25-30 hours of self-paced online interactive learning including analysis of practical case studies • 1-year free AGRC membership • Practice Questions • Online Exam and AGRC Certificate Completion Requirements Success in the final test of 50 MCQs for the completion and award of the Certificate in Anti Money Laundering, issued by the Association of Governance, Risk and Compliance (AGRC). The pass mark is 70% and two attempts are permitted. The final test is 60 minutes.
