Course overview
In this course, you will explore the core principles of risk and risk management in the context of the financial services sector. This training programme 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.
This training programme will guide you through the intricacies of the financial services industry, providing real-world examples and practical insights. 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. Join us on this educational journey to enhance your understanding of risk management in financial services and to develop the expertise needed to thrive in this dynamic industry.
- 30 CPD units
What you'll learn
The AGRC Certificate in Risk Management is a comprehensive programme aimed at providing participants with a deep understanding of risk and risk management within the financial services sector. This course covers a wide array of topics, including the regulatory environment, risk identification, and the three lines of defence model.
By the end of the program, participants will be equipped with the knowledge and practical skills required to navigate the intricacies of financial risk management. Whether you’re a student, professional, or simply interested in financial risk management, this course offers a solid foundation in this critical field.
The expected learning outcomes encompass an array of skills, from understanding risk principles to conducting risk assessments and applying risk management frameworks in practical scenarios. This program is a valuable educational journey for those seeking to excel in the dynamic world of financial services.
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 against risks.
- Apply a risk management framework in practical scenarios, including risk identification, assessment, treatment, monitoring, and review.
- Identify and analyse various sources of risk within the financial services sector, including market, credit, operational, and regulatory risks.
- Conduct risk assessments for specific risk types and understand the evaluation and mitigation of these risks, especially in the context of life and non-life insurance companies.
Recognition
Study method
- Online
- Blended
- In-class
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Duration study load
- 30 hours
- Access valid for 90 days
Entry requirements
No previous knowledge or experience is required although it is assumed that those interested have good knowledge of English and a strong educational background.
Course features
- 25-30 hours of self-paced, online, and interactive learning, including analysis of practical case studies
- A study guide
- Practice questions and a final mock exam
- Free AGRC membership for one (1) year
- Online exam with two attempts to pass
- AGRC certificate
- Use of the PAGRC designation upon successful completion
Assessment
- 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 in PDF and sent by email within 48 hours of taking the exam.
- A printed copy of the certificate can be requested for an additional charge of £80.
- Please keep in mind that if you do not complete your training programme and book your exam within the 3-month period, you will have to pay £150 to take the exam and for any additional attempt thereafter.
Where can I find examples of the AGRC exam questions?
The AGRC study guide contains a full mock exam with 40 practice questions for your reference. The online study material online includes additional practice questions that will enable you to engage better with the content and get the most out of your reading.
How do I attain access to the exam?
You attain access to the exam upon the completion of the course. The exam is conveniently taken remotely from your own PC or laptop. You do not need to travel to an examination centre to sit your final test. Rather, you can take the exam at your own convenience, at any time from the comfort of your home or office. All you have to do is email info@agrc.org with your name, email address, and AGRC certificate of choice, and AGRC will send you instructions on how to access the exam.
Is the study guide included in all AGRC packages?
Yes, for each AGRC package, you will receive the study guide and the exam (two attempts). You will also receive a structured, guided e-learning package that includes video lectures, case studies, and much more that will allow you to study at your own time and better prepare for the exam.
Who's it for?
This course is ideal for anyone wishing to be introduced to risk management in the financial services industry. 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. It is also suitable to professionals pursuing regulatory CPDs in financial regulation.
Subjects
About London Governance & Compliance Academy
The London Governance and Compliance Academy (LGCA) is a multi-accredited, UK-based executive education training and certification provider that specialises in the areas of governance, risk, compliance, and finance.
LGCA is part of the European Institute of Management and Finance (EIMF) Group, one of Europe’s leading institutions for certified and executive education, eLearning, and bespoke training solutions in the financial sector.
