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Risk Management Courses 2022-2023 | Risk Management Courses in India

Risk Management Courses 2022-2023

 

“To competently perform rectifying security service, two critical incident response elements are necessary: information and organization.”

Here in this article, we will know about risk management and its related courses, how to make your career as a risk manager, this world it is not easy to achieve anything just like that, you will have to strive hard work for it to reach the goal, here we are in the process of helping you to reach your goals. Read this article till the end and find out all that you need for a risk management course.

We will be covering topics like

  1. Risk management courses in India
  2. Online risk management courses with certificates
  3. Risk management certification
  4. Best risk management courses
  5. Risk management courses distance learning
  6. Short term risk management courses in India
  7. Diploma in risk management

Introduction to Risk Management Courses in India :

In the uncertain world of business and economics, every organization or company is looking to minimize risk. To do so, companies adopt a number of strategies that can protect them against sudden changes or accidents. A Risk Manager is a professional who helps companies do exactly that.

A Risk Manager helps companies implement measures that control the impact of any outcomes that can be damaging to the company, whether it be in terms of financial assets or physical assets

What does Risk Management mean?

In the world of finance, risk management refers to the practice of identifying potential risks in advance, analyzing them, and taking precautionary steps to reduce/curb the risk.

Description: When an entity makes an investment decision, it exposes itself to a number of financial risks, that is called risk factor, Managing the risk is risk management

Risk Management Courses Online in India :

Below are some of the risk management courses you can choose online

  1. Diploma in Risk Management
  2. Certificate in Risk Management
  3. Risk Management course
  4. Risk Management advanced diploma
  5. Risk Management level one award

Some of the colleges that offer Risk Management course online

  1. Venkateshwara Open University, Pune. Bavdhan, Pune.
  2. MIT School of Distance Education, MAEER. Kothrud, Pune.
  3. IIRM – Institute of Insurance and Risk Management. Gachibowli, Hyderabad.
  4. Venkateshwara Open University. Itanagar.
  5. IAS Academy. Jodhpur Park, Kolkata.

Risk Management Courses in India:

  1. Risk Management framework.
  2. Risk Management plan.
  3. Financial Risk Management.
  4. Project Risk Management.
  5. Enterprise Risk Management.
  6. Operational Risk Management.
  7. Investment Risk Management.
  8. Financial Risk Management.

Risk Management Courses in Canada:

  1. Insurance management and causality -Humber College
  2. Marketing management – Humber college
  3. Financial risk management – Univerity of Toronto
  4. Insurance management –  Centennial college
  5. Project management – Royal roads university

Risk Management Certification:

Read on to learn about our top six picks for GRC certifications.

  1. Certified in Risk and Information Systems Control (CRISC)
  2. Certified in the Governance of Enterprise IT (CGEIT)
  3. Project Management Institute-Risk Management Professional (PMI-RMP)
  4. ITIL Expert.
  5. Certification in Risk Management Assurance (CRMA).

Eligibility to become Risk Manager:

The basic requirement for a Risk Manager is graduation. However, depending on the job profile and company, you may also be required to have a postgraduate degree. Generally, graduates from any stream can apply for Risk Management posts. However, graduation must be done in a stream relevant to the job profile.

Students interested in taking up risk management can also take up higher studies in the field after Class 12th. The following are some of the undergraduate courses in Risk Management.

  • BBA in Risk Management
  • B.Com in Risk Management

Financial Risk Management Courses:

Risk managers are financial experts that have the necessary knowledge, skills, and experience to identify and evaluate risk factors and to implement strategy plans

  • Financial Engineering and Risk Management Part I
  • Financial Engineering and Risk Management Part II
  • Financial Risk Management with R
  • Financial Markets
  • Finance for Non-Financial Managers

Risk Management Courses Distance Learning:

You can apply for a Risk management course in the distance also, eligibility is the same as the once who apply for colleges in regular mode

Here are few colleges which offer the risk management course in distance

  1. Venkateshwara Open University, Pune. Bavdhan, Pune.
  2. MIT School of Distance Education, MAEER. Kothrud, Pune.
  3. Venkateshwara Open University. Itanagar.
  4. IIRM – Institute of Insurance and Risk Management. Gachibowli, Hyderabad.
  5. IAS Academy. Jodhpur Park, Kolkata.

Risk Management Courses for Bankers:

Risk management in banking is theoretically defined as “the logical development and execution of a plan to deal with potential losses”. Usually, the focus of the risk management practices in the banking industry is to manage an institution’s exposure to losses or risk and to protect the value of its assets

Risk management implies significant limits on the ability of highly leveraged financial institutions such as banks to provide badly needed venture capital; it implies that financial systems need more than banks. … They also provide greater stability to financial systems and alternative funding sources for borrowers

Risk management is the process of evaluating the chance of loss or harm and then taking steps to combat the potential risk. … An example of risk management is when a person evaluates the chances of having major vet bills and decides whether to purchase pet insurance

Risk Management Courses in Mumbai:

Below are some of the courses in risk management in Mumbai

  1. Financial Risk Management (FRM) Training in Mumbai
  2. Risk Management – IIBF
  3. MBA in Risk Management Colleges in Mumbai

Risk Management Courses are also available at the postgraduate level:

  1. PGD in Risk Management
  2. MBA in Risk Management
  3. PGD in Insurance Risk Management
  4. International PGD in Risk Management

 Risk Management Course fee Structure in general :

Now fee varies depending on the college/university, you choose, and if you are doing it in

online mode then it is way lesser and cheaper

  • 1 year(s), Distance Learning. Rs. 90,000. Interested.
  • 1 year(s), Full Time. Rs. 2.25 Lakh. Interested.
  • 2 year(s), Full Time. Rs. 9 Lakh. Interested

Certain Certificate Courses /Short term Risk Management Courses:

  1. Certified Risk and Internal Control Professional (CRICP) offered by the Association of Internal Control Practitioners (AICP)
  2. Certificate in Operational Risk Management offered by the Institute of Operational Risk (IOR), UK
  3. Courses offered by the Institute of Risk Management (IRM)

Career Steps for Risk management:

Follow the below steps if you are really looking forward to being a Risk manager and so consider doing internships in this area while you are still in search of a job

  1. Earn a Bachelor’s Degree, The minimum requirement for becoming a risk manager is generally a bachelor’s degree in a field related to finance or accounting.
  2. Consider Earning a Graduate Degree.
  3. Gain Relevant Experience.
  4. Obtain Necessary Licensure.
  5. Advance with Experience.

Types of Job Roles Risk Manager:

Risk Management can either be applied to the entire organization or a certain area of an organization. Some of the job profiles that are part of the Risk Management profession are given below. These are divided as per the area of expertise of a Risk Management professional.

  1. Enterprise Risk Manager
  2. Financial Risk Manager:
  3. Operational Risk Manager
  4. Supply Chain Risk Manager
  5. Digital Risk Manager

Pay Scale/Salary of Risk Manager:

The average salary earned by Risk Managers in India is around Rs. 12 LPA. Entry-level positions in the field can pay from around Rs. 5 – 7 LPA. Given below is the average salary paid to Risk Management professionals in India.

Profile Entry-Level Salary Mid-Level Salary Top-Level Salary
Enterprise Risk Manager Rs. 8 – 9 LPA Rs. 14 – 15 LPA Rs. 23 – 25 LPA
Financial Risk Manager Rs. 5 – 7 LPA Rs. 20 – 22 LPA Rs. 30+
Operational Risk Manager Rs, 5 – 6 LPA Rs. 18 – 19 LPA Rs. 25 – 26 LPA
Digital Risk Manager

Risk Management related Jobs you can find in Hyderabad:

1)BPSP HR Solutions Pvt Ltd, Hyderabad, Telangana
2)Cyber Assurance (Risk Management), Senior Manager
3)Control Operational Risk Evaluation (CORE) (Associate)
4)Genpact – Operational Risk Role (4-6 yrs)
5) NTO Risk Management Leader – Novartis
6) Manager – Risk Investigations -Amazon
7)Manager Safety Risk Management – Novartis Healthcare Pvt. Ltd.

Questions asked to the Risk management and board frequently :

  • What are the company’s top risks, how severe is their impact and how likely are they to occur? …
  • How often does the company refresh its assessment of the top risks? …
  • Who owns the top risks and is accountable for results, and to whom do they report?

FAQ:

Which Risk Management Certification is best?

Read on to learn about our top six picks for GRC certifications.

  1. Certified in Risk and Information Systems Control (CRISC) …
  2. Certified in the Governance of Enterprise IT (CGEIT) …
  3. Project Management Institute-Risk Management Professional (PMI-RMP) …
  4. ITIL Expert. …
  5. Certification in Risk Management Assurance (CRMA)

What Skills Do You Need To Get into Risk Management?

  1. Problem-solving. Risk management is a strategic business.
  2. Analytical skills.
  3. Communication
  4. Business understanding.
  5. Negotiation and diplomacy.
  6. Numeracy
  7. Working under pressure

Which subjects are required for Risk Management?

Common courses include the following:

  1. Principles of risk management.
  2. Property and liability insurance.
  3. Corporate risk management.
  4. Individual financial planning.
  5. Analyzing financial markets.
  6. Legal issues in risk management

What is a career in Risk Management?

Risk Management Professionals seek to identify, analyze and document the risks associated with a company’s business operations, as well as monitor the effectiveness of risk management processes and implement needed changes.

Is Risk Management a good career?

In risk management, it’s about your reputation and relationships. Honesty and integrity are paramount. Trust is essential,” added Hampton. “It’s a rewarding career field for conscientious individuals who seek a positive career experience working with others.