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Financial risk managers and compliance professionals undoubtedly play a crucial role in the success of a business, both by helping to avoid threats and by identifying opportunities. Also, The Bureau states that “the major functions of financial managers, including risk management and cash management, are expected to be in a high demand over the next decade”. This is the reason why candidates are nowadays inclined towards financial risk management jobs.
So, if you are somebody who wants to build a career in financial risk management then simply follow us till the end of the blog as here you’ll get to find the 6 Best Financial Risk Management Certification and Online Courses in 2022 that’ll help you stand out from others in this competitive job market. So, let’s begin with knowing the roles, responsibilities, and required skills of financial risk managers.
Responsibilities
As a financial risk manager, one is required to-
- manage the risk to an organisation and the interests of stakeholders
- identify the threats to an organisation
- devise strategies to avoid, decrease or transfer risk
- prepare plans for if things go wrong
Recommended skills
To begin with, let’s discuss the basic skills that are required to become a proficient financial risk manager. These are-
- Strategic thinking
- Mathematical knowledge
- Technical skills
- Negotiation skills
- Industrial knowledge
- Financial management skills
- Analytical skills
- Detail-orientation
6 Best Financial Risk Management Certification and Online Courses in 2022
To find out the course that suits you best out of the numerous courses offered by various educational websites is not an easy task. So, here we are to guide you by providing a list of the 6 Best Financial Risk Management Certification and Online Courses in 2022. This will help you analyze and find which of these courses meet your requirements. So, without any further waste of time let’s directly look at what we are here for-
1. Certificate in Financial Risk Management by Vskills
This government certification program covers the best risk management practices and helps in your career development by widening your skillset. Theoretical knowledge accompanied by case studies helps you better understand the risk management techniques that are to be applied in real life. Thus, this course prepares you well for the industry. However, some other important details and the course outline that you should know before enrolling in this course are given below.
Course Details
- Learning access- Lifelong
- Validity of certificate- Lifetime
- Learning hours- 13 hrs
Course Outline
- Risk Basics
- Risk Classification
- Measuring Risk
- Risk Management
- Other Issues in Risk Management
- BASEL
- Case Studies
2. Financial Risk Management with R by Coursera
This course emphasizes teaching the way to calculate the return of a portfolio of securities and quantify the market risk of that portfolio which is a significant skill for financial market analysts in banks, insurance companies, and other investment firms. With the use of the R programming language, it enables you to use the two main tools for calculating the market risk of stock portfolios namely Value-at-Risk (VaR) and Expected Shortfall (ES). So, you need at least a beginner-level understanding of R programming so as to complete the assignments of this course. Moreover, you should keep note of the following important details before applying for the program.
Course Details
- Level- Intermediate
- Subtitles: English, Arabic, Italian, French, Portuguese, Vietnamese, Russian, Spanish, German, Korean
- Flexible deadlines
- Duration- 15hrs
Course Outline
- Introduction to R, Data Retrieval, and Return Calculation
- Risk Management under Normal Distributions
- Risk Management under Non-normal Distributions
- Risk Management under Volatility Clustering
3. Enterprise Risk Management (ERM) 101 by Udemy
This is a short, introductory-level course that covers the fundamental concepts of enterprise risk management and the important elements that finance executives and personnel should be aware of while implementing ERM across their company. This course is helpful in providing you with an overall understanding of enterprise risk management. So, you may appear for this program considering the flexible schedules and other important details given below.
Course Details
- Certification validity- Lifetime
- 2 articles and 2 downloadable resources
- Fees- Rs 360
- Learning hours- 1.5 hrs
Course Contents
- Introduction to enterprise risk management
- Foundation concepts
- Embracing ERM
- Risk Appetite vs Risk Tolerance
- Risk Appetite
- Risk Tolerance and Risk Appetite Considerations
- Risk rating appetite
- ERM Framework
- Establishing a Team
- Roles & Responsibilities
- Where to Start
- Risk Awareness
4.Financial Risk Analytics by Great Learning
This course helps you understand the analytical techniques used in risk and investment management along with the core financial risk analytics concept across all sorts of financial risks including valuation hedging, pricing, and risk analytics across different assets. So, go through the following details and course outline, first of all, to be aware of the prerequisites and other information and if this is what you are looking for then don’t wait to get yourself enrolled in this course.
Course Details
- Duration- 2hrs
- 1 quiz included
- Level- Beginner
- Rating- 4.51
Course Outline
- Financial Risk Analytics – Overview
- Financial Risk Analytics – Credit Risk Basics
- Financial Risk Analytics – Credit Risk Modelling
- Financial Risk Analytics – Market Risk Optimization
- Financial Risk Analytics – Credit Risk Modelling PD
- Financial Risk Analytics – Credit Risk Loss Distributions
5. Certificate in Risk Management QLS Level 1 by Oxford home study centre
This course comprises three in-depth units that introduce you to the major fundamentals of risk management, guide you through the different types of risk, risk classifications, professional risk management benefits, an analysis of enterprise risk management, and a series of significant risk management tools. So, if you possess an interest in learning more about financial risk management then this is a good option to help you get comprehensive knowledge of this topic.
Course Details
- Prerequisites- None
- Fees- £ 112
- Level- 1
- Duration- 80 hrs
Course Outline
- Basics of Risk Management
- Types of Risk
- Introduction to Enterprise Risk Management
6. Professional Certificate in Risk Management by edX
This program takes an in-depth look at nearly all the facets of core risk-related knowledge that is required in banking risk management. At the end of this program, you’ll understand the needs to achieve successful project financing. Moreover, some other important details of the course to be kept in mind while applying are mentioned below.
Course Details
- Expert instruction
- Duration- 5 months
- Fees- ₹142,266
- Self-paced
Course Modules
- Introduction to Risk Management
- Measuring Risk: Equity, Fixed Income, Derivatives and FX
- Risk Management Tools and Practices
- Stress Testing and Risk Regulation – Part 1
- Stress Testing and Risk Regulation – Part 2
With this, we reach the end of the blog with the hope that it’ll turn out to be fruitful for candidates aspiring to opt for a risk management course that fulfills their requirements. So, you need not wait anymore and right away apply for any of the above courses to kick-start your career as a financial risk manager.
HAPPY LEARNING!!
