Learn to manage your organization’s risk with our well-researched training content.

1. Learn to manage your organization’s risk with our well-researched training content. Learn to manage your organization’s risk with our well-researched training content. What is Risk Management? Risk management is the process of identifying possible risks, problems or disasters before they happen. This allows business owners to set up procedures to avoid the risk, minimize its impact, or at the very least help cope with its impact. A business or organization should make a realistic evaluation of the true level of risk and plan accordingly. Why risk management is essential for an organization? Risk management is essential for an organization to support effective decision making by dealing with risk in a way that is visible, repeatable and consistent. A meaningful risk management process will provide an organization with a better understanding of risks and their likely impact. In turn, this helps to ensure that an organization makes cost-effective use of a process that is based on a series of well- defined steps.

2. The key elements in effective risk management are to: Identify - includes considering risks in context, how they could affect an organization’s objectives and describing them in enough detail to ensure a common understanding Assess - includes ensuring that risks can be ranked in terms of estimated impact, how soon they are to occurring and gaining an understanding of the associated level of risk Control - includes describing how to respond appropriately to identified risks and then authorizing, monitoring and controlling these responses We provide customized BFSI Training Solution in Gurgaon, leadership and outbound programs based on need analysis of Banks and Financial Institutions, with an experienced team of CMDs, EDs, CGMs, GMs of banks, B-school professors and industry experts. Original Source: https://bit.ly/2krO2nj