1. How To Become A Successful Risk Manager

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Risk management! As the name
speaks loudly for itself, it is the
identification and assessment of the
risk. To sum up the definition for
you, it involves reducing or
eliminating the risk. Risk
Management is a field in financial
management services and different
enterprises that includes
recognizing, evaluating, and
measuring major business risks.
Measures are then taken to turn
What is Risk Management?

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 Create, implement, and authorize rules and methodology
intended to relieve risks.
 Set arrangements in regards to data security in close
organization with their particular firms' data innovation
groups.
 Utilize different financial instruments and agreements
to control risks, for example, insurance, swaps,
subsidiaries, fates agreements, and options contracts.
 Address default on loans stretched out by the firm.
 Monitor protections inventories held by merchants.
 Monitors misfortunes on investment securities held for
the company's record.
 Evaluate counter-party chance when another money
related firm fails in its commitments to the firm.
Duties of a Risk Manager

4. Skills Required to become a Successful Risk Manager

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Risk management is a strategic
business. At the higher levels, you
may be designing risk management
solutions and processes for an entire
organisation. You’ll need to be both
thorough and creative in your
approach. Thus, during any task, job,
or discussion, don’t be afraid to ask
questions for clarification or
elaboration; information is crucial to
1. Problem Solving
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The cornerstone of risk management
is analyzing risks, evaluating their
potential effects and balancing them
against the company’s overall risk
appetite. Many risk managers will
make the mistake of including a lot of
data in their reports without proper
analysis. As a result, readers of these
reports will only be confused and
overwhelmed by the information.
Risk managers should place focus on
the analysis, with the referenced data
added to the appendix. Insightful and
valuable analyses do not necessarily
2. Analytical Skills
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Part of risk management is making
sure everyone understands any
significant risks and the company’s
risk management strategy. This
means communicating with all
different audiences, from the board
of directors to individual employees.
Language skills are also important in
risk management as they can be used
to communicate with all types of
people.
3. Communication Skills
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To identify and estimate the risks to a
company, you have to understand
how the business works and all the
different internal and external factors
that can affect its performance.
Statistically, there has been an
increase in the number of CROs that
become CEOs. It is because CEO is
the ultimate risk-reward decision-
maker. Risk managers also need to
know how business works and its
effect on risk management; they are
like a counsellor that provides advice
on whether a certain activity will be
4. Business understanding
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It’s never as simple as just creating a
risk management policy. You have to
negotiate with other departments to
decide what’s possible, convince staff
to be risk-aware, liaise with auditors
and justify yourself to your bosses.
Part of your job is to be convincing.
Be polite and friendly to everyone you
meet, including reception staff and
assistants. Part of diplomacy is
coming across as calm, trustworthy
and cool in a crisis. If you’re
nervous, smile and fake it till you
make it.
5. Negotiations & Diplomacy
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Risk analysis involves a lot of
numbers – costs, estimated risks,
probabilities and so on – and while
you don’t need to be a
mathematician, you do need to be
comfortable and confident with
calculations. If you’re faced with a
numerical question, take a deep
breath and think through how to
approach it before you dive in.
6. Numeracy
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Risks can change in an instant when something
unexpected occurs and you need to be able to update
your strategies and react at a moment’s notice. If
things go wrong, your business continuity/backup
plans need to save the day.
Obviously, stay as calm as you can and don’t get
flustered by unexpected questions. You’re allowed to
stop and think before you give your answer. Part of
working well under pressure is knowing how to avoid
extra pressure. find the hobby to ease the pressure.
Or try to do something that will slow down your brain
activity before go to sleep like listening to music or
watching a movie. If you get your work in well before
the deadline, you’re demonstrating that you can keep
7. Working under Pressure
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One of the major roles of a risk
manager is to be the person that
knows everything in the company:
access to information is part of
effective risk management. Teamwork
over individual gain is beneficial for
the greater good of the company.
Sometimes, risk managers also need
to learn to sacrifice their short-term
needs for the company. Defeat your
own ego and pride so that you can
easily work together with team or
other department. Risk managers
also need to be anti-silo in order to
8. Collaborative skills
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A successful risk manager has to possess
competency in technical skills. A good pathway
towards competency is to get a certificate in
risk management; continuous professional
education is important in order to keep
learning and improve. To keep updated on risk
management best practices, risk managers
always need to do research, reading and also a
lot of networking.
9. Technical competency
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Last but not least: character. Risk
managers have to have independence
and integrity, integrity, integrity. A
good risk manager must simply know
what is right and what is wrong. A
good risk manager also needs to
stand firm on their decisions and will
not be easily persuaded by other
people with their own agenda. No
matter how good you are in other
things, if you do not have a good
character, everything else will fall
apart.
10. Character
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Risk analyst
Risk advisor
Safety consultant
Loss control specialist
Chief risk officer
Risk specialist
Career Prospects of a Risk
Manager

16. From Where to pursue Risk Management Course?

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Nulearn provides this amazing career
changing opportunity to pursue financial risk
courses for risk managers from India’s best
institute, IIM Kashipur. This AFRM course is
full of hands-on and implementation of tools
and techniques using recent market data. The
course will provide the practitioner’s
perspective in measuring various kinds of
financial risks. It attempts to strike a balance
between institutional details, theoretical
foundations, and practical applications. You
will get regular classes, live projects and
learn from India’s leading faculty. You can
get more information on Nulearn’s official
Choose an IIM Certified Risk Management course
for better career

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The course is full of hands-on and implementation of tools and techniques using
recent market data. The course will provide the practitioner’s perspective in
measuring various kinds of financial risks. It attempts to strike a balance between
institutional details, theoretical foundations, and practical applications.
The course will extensively make use of MS Excel and R.
Course Description:
Who Should Attend & Course Pedagogy?
 Entrepreneurs/Finance Heads & Leaders, Coordinators and Team Members.
 Graduates looking for a career in Finance and Banking.
 Working professionals in an organization with an acumen and interest in
Applied Financial Risk Management.

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 For Indian Participants – Graduates from a recognized University
(UGC/AICTE/DEC/AIU/State Government) in any discipline with
Mathematics/Statistics up to 10+2 level.
 For International Participants – Graduation or equivalent degree from any
recognized University or Institution in their respective country.
 Proficiency in English, spoken & written is mandatory.
 Working Professionals with a minimum of 3 years of experience.
Eligibility:
Course Pedagogy:
 The form of delivery will be Blended (Campus, Self space and online), with 2
days workshop and a final examination should be conducted by the Institute at
the end of the course. All the sessions will be conducted through the digital
platform and delivered LIVE by the eminent faculty of IIM Kashipur.

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Basics of Financial Risk Management and Fundamental
Probability Theory, Brief Overview of Financial Derivatives
Market Risk Analysis for single asset: Non-parametric and
parametric approaches to estimate VaR and Expected
shortfall
 Market Risk Analysis: For portfolio and an asset influenced
by various factors
 Risk Measurement in Fixed Income Markets
 Credit Risk Measurement
 Operational Risk Measurement
 Asset Liability Management in Banks – BASEL I, II and III
Course Syllabus:

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Dr. Dilip Kumar holds PhD in Finance and has done his PhD research work at Institute for
Financial Management and Research (IFMR) Chennai. Before joining IIM Kashipur, he was a
faculty member in the financial engineering department of IFMR Chennai.
He has taught various courses such as Simulation Techniques in Finance, Financial
Derivatives, Financial Risk Measurement and Management, Financial Engineering using
MATLAB etc at both graduate and undergraduate level. His research interests include extreme
value volatility estimator, bias correction procedures for efficient estimation of volatility, robust
volatility estimators, Modeling extreme value conditional volatility, risk spillover, dynamics in
market efficiency under the impact of structural changes in market etc. His current research
focuses on developing bias correction procedure for various extreme value volatility estimators.
Another segment of his current research is about developing a robust extreme value volatility
estimator and proposing a bias correction procedure for the same.
He was also an Editorial Associate of the “Journal of Emerging Market Finance” published by