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Suggested Study Flow for Learners
Suggested Study Flow 10 hours - Smartonline Course
Suggested Study Flow 10 hours - Smartonline Course
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Module 1: Foundations of Financial Risk Management
Module 1 Study Material
Lecture 1.1 Understanding Financial Risk Types – Credit, Market, and Liquidity Risk
MCQ - Lecture 1.1 Understanding Financial Risk Types – Credit, Market, and Liquidity Risk
Lecture 1.2 Operational, Legal & Reputational Risks in Financial Institutions
MCQ - Lecture 1.2 Operational, Legal & Reputational Risks in Financial Institutions
Lecture 1.3 Risk Appetite, Risk Tolerance and Risk Capacity
MCQ - Lecture 1.3 Risk Appetite, Risk Tolerance and Risk Capacity
Lecture 1.4 Introduction to Enterprise Risk Management (ERM) Frameworks
MCQ - Lecture 1.4 Introduction to Enterprise Risk Management (ERM) Frameworks
Lecture 1.5 Risk Governance, Lines of Defence & CRO Role
MCQ - Lecture 1.5 Risk Governance, Lines of Defence & CRO Role
Lecture 1.6 Real-World Failures Lessons from Barings & Wells Fargo
MCQ - Lecture 1.6 Real-World Failures Lessons from Barings & Wells Fargo
Module 2: Risk Identification, Measurement & Modelling
Module 2 Study Material
Lecture 2.1 Risk Taxonomy & Categorisation Frameworks
MCQ - Lecture 2.1 Risk Taxonomy & Categorisation Frameworks
Lecture 2.2 Risk Identification Tools & Frameworks
MCQ - Lecture 2.2 Risk Identification Tools & Frameworks
Lecture 2.3 Risk Measurement Basics – Heatmaps, Risk Scoring & KRIs
MCQ - Lecture 2.3 Risk Measurement Basics – Heatmaps, Risk Scoring & KRIs
Lecture 2.4 Quantitative Risk Modelling - VaR& Monte Carlo Basics
MCQ - Lecture 2.4 Quantitative Risk Modelling - VaR& Monte Carlo Basics
Lecture 2.5 Model Risk, Limitations & Over-Reliance
MCQ - Lecture 2.5 Model Risk, Lecture 2.5 Model Risk, Limitations & Over-Reliance
Lecture 2.6 Leverage, Concentration & Risk Prioritisation Failures
MCQ - Lecture 2.6 Leverage, Concentration & Risk Prioritisation Failures
Module 3: Credit Risk Assessment and Management
Module 3 Study Material
Lecture 3.1 Introduction to Credit Risk and Core Metrics
MCQ - Lecture 3.1 Introduction to Credit Risk and Core Metrics
Lecture 3.2 Building and Interpreting Credit Scoring Models
MCQ - Lecture 3.2 Building and Interpreting Credit Scoring Models
Lecture 3.3 Non-Performing Assets (NPAs) and Provisioning Norms
MCQ- Lecture 3.3 Non-Performing Assets (NPAs) and Provisioning Norms
Lecture 3.4 Retail vs. Corporate Credit Risk Management
MCQ - Lecture 3.4 Retail vs. Corporate Credit Risk Management
Lecture 3.5 Concentration Risk, Contagion, and Systemic Impact
MCQ - Lecture 3.5 Concentration Risk, Contagion, and Systemic Impact
Lecture 3.6 Governance Failures & Lessons from Yes Bank Collapse (India, 2020)
MCQ- Lecture 3.6 Governance Failures & Lessons from Yes Bank Collapse (India, 2020)
Module 4: Market Risk & Trading Book Management
Module 4 Study Material
Lecture 4.1 Introduction to Market Risk and Its Types
MCQ - Lecture 4.1 Introduction to Market Risk and Its Types
Lecture 4.2 Understanding and Applying VaR (Value at Risk) – Concepts and Use Cases
MCQ - Lecture 4.2 Understanding and Applying VaR (Value at Risk) – Concepts and Use Cases
Lecture 4.3 VaR Methodologies – Historical, Variance-Covariance, and Monte Carlo
MCQ - Lecture 4.3 VaR Methodologies – Historical, Variance-Covariance, and Monte Carlo
Lecture 4.4 Trading Book vs. Banking Book – Key Differences and Implications
MCQ - Lecture 4.4 Trading Book vs. Banking Book – Key Differences and Implications
Lecture 4.5 Model Validation and Back-testing of Risk Models
MCQ - Lecture 4.5 Model Validation and Back-testing of Risk Models
Lecture 4.6 Lessons from Market Risk Events – JPMorgan Whale & GameStop Saga
MCQ - Lecture 4.6 Lessons from Market Risk Events – JPMorgan Whale & GameStop Saga
Module 5: Liquidity Risk & Asset-Liability Management
Module 5 Study Material
Lecture 5.1 Introduction to Liquidity Risk – Types and Triggers
MCQ - Lecture 5.1 Introduction to Liquidity Risk – Types and Triggers
Lecture 5.2 Key Liquidity Ratios – LCR, NSFR and Their Application
MCQ - Lecture 5.2 Key Liquidity Ratios – LCR, NSFR and Their Application
Lecture 5.3 Principles and Practices of Asset-Liability Management (ALM)
MCQ - Lecture 5.3 Principles and Practices of Asset-Liability Management (ALM)
Lecture 5.4 Liquidity Stress Testing – Designing and Executing Scenarios
MCQ - Lecture 5.4 Liquidity Stress Testing – Designing and Executing Scenarios
Lecture 5.5 Contingency Liquidity Planning and Crisis Management
MCQ - Lecture 5.5 Contingency Liquidity Planning and Crisis Management
Lecture 5.6 Global Liquidity Failures and Lessons Learned
MCQ - Lecture 5.6 Global Liquidity Failures and Lessons Learned
Module 6: Operational & Cyber Risk Management
Module 6 Study Material
Lecture 6.1 Foundations of Operational Risk – Sources & Categories
MCQ - Lecture 6.1 Foundations of Operational Risk – Sources & Categories
Lecture 6.2 Understanding Cyber Risk in Financial Systems
MCQ - Lecture 6.2 Understanding Cyber Risk in Financial Systems
Lecture 6.3 Risk Control Tools – RCSA, Risk Registers & KRIs
MCQ - Lecture 6.3 Risk Control Tools – RCSA, Risk Registers & KRIs
Lecture 6.4 Mitigating Internal Fraud & Process Risks
MCQ - Lecture 6.4 Mitigating Internal Fraud & Process Risks
Lecture 6.5 Cyber Resilience Planning and Testing
MCQ - Lecture 6.5 Cyber Resilience Planning and Testing
Lecture 6.6 Case Reviews – Learning from Global Cyber Failures
MCQ - Lecture 6.6 Case Reviews – Learning from Global Cyber Failures
Module 7: Basel Accords and Regulatory Capital
Module 7 Study Material
Lecture 7.1 Introduction to Basel Accords – Why Capital Standards Matter
MCQ - Lecture 7.1 Introduction to Basel Accords – Why Capital Standards Matter
Lecture 7.2 Basel I & II – Foundations and Early Challenges
MCQ - Lecture 7.2 Basel I & II – Foundations and Early Challenges
Lecture 7.3 Basel III - Strengthening Banking Post Global Crisis
MCQ - Lecture 7.3 Basel III - Strengthening Banking Post Global Crisis
Lecture 7.4 Basel IV - Risk Sensitivity & Realignment
MCQ - Lecture 7.4 Basel IV - Risk Sensitivity & Realignment
Lecture 7.5 ICAAP and Supervisory Review - Internal Preparedness
MCQ - Lecture 7.5 ICAAP and Supervisory Review - Internal Preparedness
Lecture 7.6 Basel Compliance in Practice - Regional Experiences
MCQ - Lecture 7.6 Basel Compliance in Practice - Regional Experiences
Module 8: Risk Governance & Compliance Frameworks
Module 8 Study Material
Lecture 8.1 Risk Governance - Models, Roles & Global Practices
MCQ - Lecture 8.1 Risk Governance - Models, Roles & Global Practices
Module 9: Stress Testing & Scenario Analysis
Module 9 Study Material
Lecture 9.1 Frameworks and Practices in Stress Testing
MCQ - Lecture 9.1 Frameworks and Practices in Stress Testing
Module 10: Risk Culture, Reporting & Communication
Module 10 Study Material
Lecture 10.1 Embedding Risk Culture and Communicating Effectively
MCQ - Lecture 10.1 Embedding Risk Culture and Communicating Effectively
Module 11: Emerging Risks – ESG, AI, Crypto & Climate
Module 11 Study Material
Lecture 11.1 Emerging Financial Risks Climate, ESG, AI & Digital Assets
MCQ - Lecture 11.1 Emerging Financial Risks Climate, ESG, AI & Digital Assets
Module 12: Capstone – Global Case Studies & CRO Simulation
Module 12 Study Material
Lecture 12.1 Integrated Risk Leadership Lessons from Global Failures and Successes
MCQ - Lecture 12.1 Integrated Risk Leadership Lessons from Global Failures and Successes
Final Test
MCQ - Final Test
EBook on Advanced Financial Risk Management
Advanced Financial Risk Management
Advanced Financial Risk Management
Mandatory Submission of Assignment
Project assignment
Project assignment
Submit Assignment
Final Exam/Assessment by BFSI Skill Sector Council
Frequently Asked Questions - BFSI SKill Council Final Exam
Frequently Asked Questions - BFSI SKill Council Final Exam
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Instruction for BFSI Final Remote Proctoring Exam
Reference Videos, Social Media Resources
Smart Online Course Youtube Channel
Risk Management Association Youtube Channel
RMAI Facebook Page
Smart Online Course Facebook Page
Linkedin Updates
Additional Resources
Elements of Financial Risk Management - Peter F
Essential of Financial risk management - Karen A. Horcher
Financial Risk - Francisco Javier Población García
Financial Risk - JImmy
financial risk- management framework
Survey on Enterprise Financial Risk
Financial Risk Management - Wikipedia
What is Risk Management in Finance
Read Banking Finance - Leading Monthly Journal
Banking Finance March 2026
Banking Finance February 2026
Banking Finance January 2026