Risk Mangement is the term which includes recognizing, inspection, and evaluation of risks to minimize the chance of mishappenings in a system and hence maximize its productivity. Risk management in the banking and financial sector is extremely significant because any kind of organization is financed by banks and even the business organizations stand solely on finance management. As a consequence, knowledge of risk management is of prime importance. Here is a list of Best Online Risk Management Courses that will highlight risk management in the banking and financial sectors.
Best Online Risk Management Courses
- Risk Management by New York Institute of Finance (edX)
- Risk management by IIM Bangalore (edX)
- Financial Engineering & Risk Management by Columbia University (Coursera) Part 1
- Financial Engineering & Risk Management by Columbia University (Coursera) Part 2
- Portfolio and Risk Management by the University of Geneva (Coursera)
Risk Management by New York Institute of Finance (edX)
To opt for any of these courses, you need to have a basic understanding of probability and statistics and also possess competence in MS Excel. After completing each of these courses, you will be awarded a certificate of completion. There is also the availability of a professional certificate if you have completed all the courses. Needless to say, the certificates will add huge value to your CV and add to your work-value.
- Introduction to Risk Management
You will be introduced to different types of risks and related concepts like quantiles, Value at Risk, stress testing and so on. You will also have an idea about the financial system, monetary issues of a country specifically US regulatory structure.
- Measuring Risk
This course will acquaint you with different aspects of risks like derivatives risk, credit risk, equity risk, and fixed income risk. You will learn the different approaches to deal with value at risk and its shortfall in terms of the market; examples of linear and non-linear securities and much more.
- Risk Management tools
You will understand the details of value at risk- testing, exception, and monitoring. You will be given detailed knowledge of Liquidity, Operational, Asset, and Liability Management. You will also get to know about balance sheet risks, economic, risk, and regulatory capital and much more.
- Stress Testing Part 1
This course will explain the need to change BIS capital accords from Basel I to Basel III. The first module will make you aware of the modulation of risk, economic crisis and the second module mainly focuses on the evolution of Basel from Basel I to Basel III.
- Stress Testing Part 2
This is a continuation of the first part and helps you get deeper details of the topic. You will know about approaches in stress testing including its process and regulation. You will get to know a detailed description of the regulatory stress test scenario, advantages, and critiques.
Duration: 4 weeks (1 to 2 hours a week)
Rating: 4.5/5
Risk management by IIM Bangalore (edX)
You will learn about theory, implementations, processes, types, applications, benefits and drawbacks of banking and financial intermediation and know their role in stabilizing the economy and finance of any system.
- Banking and Financial Intermediation
This is a continuation of the first part and helps you get deeper details of the topic. You will know about approaches in stress testing including its process and regulation. You will get to know a detailed description of the regulatory stress test scenario, advantages, and critiques.
- Debt and Money market
This is a course for intermediates and not for beginners. You will learn about concepts related to short term markets like call money6 markets, repo markets, etc; theories of debt markets like bond valuation, mortgages market, etc. You will have an in-depth knowledge of interest rate risk, derivative products and much more.
- Equity Stock Market
Through this course, you will be aware of the functioning, structure, theories, and mechanisms of the equity stock market. You will know about theories like portfolio theory, CAPM, sharp ratio and how risks are minimized in equity stock markets. The course will also examine the derivative products such as futures, swaps and options and much more.
- Foreign Exchange markets
After completion of the course, you will have a clear insight into the rise, working, and complexities related to foreign exchange transactions. You will learn about the details of the theories, techniques like currency swaps, currency options; related risks like translation exposure, operating exposure and much more. The whole structure of the foreign exchange market will be thorough and clear after the end of the course.
- Special Topics in Risk Management
It is a course at the advanced level where you will be introduced to specific topics and their role and uses. You will learn about Assets Backed Securities, Residential Mortgage-Backed Securities, Credit Default Swaps, value at Risk and much more.
Duration: varies from course to course
Rating: 4.5/5
Financial Engineering & Risk Management by Columbia University (Coursera) Part 1
This course not only focuses on technical concepts but also mathematically focused on the subject matter. You will learn about fixed income securities, derivative securities, dividends, pricing forwards, credit derivatives, mortgage mathematics, financial crisis and much more. The course lasts for 8 weeks and is enriched with 50+ easy-to-understand lectures and quizzes after each segment.
Duration: 12 hours (32 hours to complete)
Rating: 4.6/5
Financial Engineering & Risk Management by Columbia University (Coursera) Part 2
This course is a continuation of the first part and will make you aware of the fact that financial models are to be handled with proper skepticism. You will know about real-life issues while implementing mean-variance analysis, credit derivative; details of equity derivatives; applications of financial engineering and much more. The course consists of over 50 lectures and challenging quiz.
Duration: 13 hours; 25 hours to complete (7 weeks)
Rating: 4.7/5
Portfolio and Risk Management by the University of Geneva (Coursera)
This course will help you have a profound knowledge of risk management and how to match your portfolio according to the risk and return preference. You will have foundational knowledge on expected returns, risk management, and dependence; modern portfolio theory; asset allocation and much more. This course boasts of having great content and engaging presentations by eight renowned instructors from the University of Geneva. After the end of the course, you will also earn a certificate of completion.
Duration: 5.5 hours (4 weeks)
Rating: 4.4/5
Here was a brief description of the Best Online Risk Management Courses and it can turn out to be really effective when learned with the true and required dedication. And you can also go for other courses like Best Facebook Ads Courses on Udemy, Best Edx Business Management Online Courses, etc. Happy learning.!
