What is Risk Management and What are the Steps involved in Risk Management are discussed. This is also known as the principles of Risk Management. You will learn how the Risks are managed by the Risk Managers, by following the logical steps or process.

Risk managers possess knowledge of business and operational activities, and risk management frameworks, such as ISO 31000, and COSO Enterprise Risk Management framework. The risk management plan is prepared to perform the overall Risk Management of any organization. In financial institutions, Risk Management is the process of identification, assessment, and management of risks that are faced by the institution. Risk management is performed to mitigate the existing and potential risks, considering categories of risks, impact, and likelihood of risks, and the risk strategy adopted by management.

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Watch This Video if you are planning for Operational Risk Manager ORM job interview
Top 3 Interview Questions for Operational Risk Manager Job
   • Top 3 Interview Questions for Risk Manager...  
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Do you have any questions, regarding the topic discussed in this video or any questions related to GRC? please ask in the comment section below, so that everyone could get benefit from the questions and answers. I would reply to your questions.

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✔✔Categories of Operational Risk
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✔✔3 Key Risks Faced by Institutions Companies and Businesses
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✔✔Silicon Valley Bank Collapse Reasons
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✔✔What is Predictive Risk Analytics
   • Predictive Risk Analytics Approach | Whys ...  

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   • Red Fags and Risk Indicators of Trade Base...  

✔✔What are the Key Sources of Compliance
   • What are the Key Sources of Compliance |  ...  

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My Suggestions to you for learning,
If you are pursuing a career in Governance, Compliance, and Risk Management GRC, you should learn about the following;

Operational Risk Management
How to Prepare Risk Registers Practically
Anti Money Laundering AML Compliance
Customer Due Diligence and Know Your Customer CDD/KYC
Regulatory Compliance
Fundamentals of Risk Management in Financial Services