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FREE COURSE: Introduction to Programming with MATLAB

FREE COURSE: Introduction to Programming with MATLAB

Today we share another Coursera free course this time focusing on programming with MATLAB. For those unfamiliar, MATLAB is a high-performance language for technical computing. It integrates computation, visualization, and programming in an easy-to-use environment (high level) where problems and solutions are expressed in familiar mathematical notation. Typical uses include math and computation, modelling, scientific and engineering, data […]

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Risk Scoring Matrix

Residual Risk Scoring Matrix Example

While each firm has its own risks scoring guide, most firms will follow common guidelines, such as suggested by IOSCO on the Risk Identification and Assessment Methodologies for Securities Regulators. This article includes examples of risk scoring matrices used for Impact (inherent or gross risk – described in our section Risk Register), Likelihood (or probability), and the […]

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Risk Heat Map

How to Create a Risk Heatmap in Excel – Part 1

Risk heat maps are commonly used in operational risk management and are specially useful to represent a firm’s risks in a visual manner, highlighting the ones that need to be managed more closely. When assessing operational risk, the risk manager will typically use a spreadsheet to record its firm’s key risks and rate the impact and likelihood (or probability) assessment scores for […]

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Free Course Mastering Data Analysis in Excel

FREE COURSE: Mastering Data Analysis in Excel

This is a free course delivered by Coursera, which is an education platform that partners with top universities and organisations worldwide, offering online courses online for anyone interested. Risk Managers frequently need to work with Excel and some of its advanced tools. This free course will prepare you to design and implement realistic predictive models based on data. […]

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INFOGRAPHIC: Seventh annual global EY / IIF bank risk management survey

INFOGRAPHIC: Banks Risk Management Survey 2016 by EY

Banks have taken serious steps post-financial crisis to improve and even totally overhaul their Risk Management processes and systems . This has been an enormous challenge for banks as the industry regulation has increased exponentially post-financial crisis with capital and liquidity requirements also increasing. At the same time, CEO’s must keep their focus on increasing banking revenues to 10-15% […]

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An Overview of Operational Risk Management

VIDEO: An Overview of Operational Risk Management

Operational Risk has historically been considered by many as the less-important-“younger brother” of Credit Risk and Market Risk. Operational Risk has been growing in importance within financial services providers, being them top tier 1 banks, brokerage firms, investment management firms, financial boutiques, among others. The fundamental aspect of operational risk is that if a given (operational) risk occurs […]

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