9 Best Risk-Management Certification Courses For Beginners in 2024
Risk Management is a very useful and important skill in today's world. Here is a list of the best online risk management courses to learn more about managing risks.
Risk management involves minimizing threats to an organization's goals. There are many threats to businesses, including financial issues, computer viruses, legal issues, natural disasters, competitors, employee problems, and so on. Using a well-developed risk management process, the risk manager must identify, assess and determine how to mitigate each of these threats. You might want to begin by taking an introductory risk management course that teaches you how to discern between different types of risk and develop a risk management plan.
Keeping this in mind, here at Coursesity, we have curated some of the Best Online Risk-Management Courses with certification. On this list, you'll find the best resources to teach you all about how to discern between different types of risk and develop a risk management plan, and more.
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List of Best Risk-Management Certification Courses
- The Complete NIST Framework Course for Cyber Risk Management
- Risk Management in Banks – An Overview
- Introduction to Risk Management
- FMEA 2023- The Complete FMEA Training Course for Beginners
- Risk Management Tools and Practices
- Performance Optimization and Risk Management for Trading
- The New Age of Risk Management Strategy for Business Online Class
- Investment Risk Management
- Risk Management for IT and Cybersecurity Managers Online Class
1. The Complete NIST Framework Course for Cyber Risk Management
Learn how to apply and manage the most popular cyber security risk management framework to any organization.
NIST's framework is regarded as one of the best and most popular cyber risk management frameworks currently available. In this course, you will learn how to apply and manage this framework to any organization, regardless of its size or amount of cyber security budget.
In this risk-management course, students will:
- learn about the NIST Framework in full detail.
- perform cyber risk analysis effectively
- identify and manage cyber risks
- effectively apply the NIST Framework both in a theoretical and practical way.
The course consists of three main sections: Introduction, Core Functions, and Practical Implementation. During the first section, we'll explore a brief history of how the framework came into being, as well as a general introduction. There are two other key aspects of the framework that we will discuss, namely implementation tiers and profiles.
The second section discusses the five key functions: Identify, Protect, Detect, Respond & Recover. Moreover, we will discuss all the primary activities and tasks related to these functions, including their application.
In the final section, we examine the practical implementation of the framework. We will use a fictional tax firm as a case study and apply the framework to it. Also, we will describe how the framework was successfully applied to the Biological Sciences Division at the University of Chicago.
After this course, you will have learned everything you need to know about this wonderful framework and be able to use it in any organization.
Course rating: 4.6 out of 5.0
Duration: 2h 27m
Certificate: Certificate on completion
2. Risk Management in Banks – An Overview
Learn about the risks faced by banks and how they identify, assess & mitigate these risks.
In this course, we will understand the risks faced by Banks and the methods adopted by Banks to identify, measure, monitor, and mitigate risk. The focus will be mainly on managing Credit Risk, Market Risk, Operational Risk, and Enterprise Risk.
In this risk-management course, students will learn:
- Relationship between Risk and Capital.
- Risk Management at an Enterprise level.
- Role of Basel in Bank Risk Management & ongoing enhancements brought about in Basel III.
- The Primary risks faced by Banks (Credit, Market & Operational).
- The types of risk faced by banks and the processes followed by banks for managing them.
Students will gain insight into the essential elements of the Framework adopted by banks for risk management. The course addresses the main domains of Credit, Market, and Operational Risk and concludes with an understanding of Risk Management at the enterprise level.
Certificate: Certificate on completion
3. Introduction to Risk Management
Offered by the University of California, Irvine.
Throughout this course, you will learn how to assess risks and implement several strategies that will ensure asset protection. During this lesson, you will understand the relationship between assets, vulnerabilities, threats, and risks.
This risk management course includes:
- Risk Assessment
- Risk Management
- Threat Modeling
- Business Continuity Planning
Additionally, several current case studies from the industry will be incorporated as illustrations to demonstrate the material. After completing this course, you will have skills relating to threat modeling and business continuity planning that you can apply to your current job or future career.
Course rating: 4.7 out of 5.0
Duration: 10h
Certificate: Certificate on completion
4. FMEA 2023- The Complete FMEA Training Course for Beginners
Risk management with FMEA. A practical step-by-step course for absolute beginners.
In this risk management course, students will learn:
- expertise in developing and FMEA for their organization
- to appropriately use an FMEA worksheet
- each step of the FMEA development process in detail.
- the ability to create an FMEA worksheet for any product, process, or service.
- all the best practices you need to follow.
There is nothing more comprehensive than this course on FMEA which will teach you how to conduct a professional FMEA. This course emphasizes actual practice with examples. It covers all steps in developing a professional FMEA step by step.
Course rating: 4.7 out of 5.0
Duration: 2h 6m
Certificate: Certificate on completion
5. Risk Management Tools and Practices
Learn how to compare and contrast economic capital, risk capital, and regulatory capital.
The purpose of this economics and finance course is to provide students with a general understanding of risk management techniques such as using standard hedging instruments, asset-liability management, and integrated risk management.
In this course, you will :
- Risk Reporting
- Model Risk
- Risk Management Tools
- Liquidity and Operational Risk Management
- Asset and Liability Management
After completing the course, participants will receive a certificate bearing the name New York Institute of Finance (NYIF). By obtaining an NYIF certificate, you will be able to prove that you possess the work-ready skills that employers value.
Certificate: Certificate on completion
6. Performance Optimization and Risk Management for Trading
Generate Income and make a living with Day Trading/Algorithmic Trading. A quantitative & data-driven Python course.
Is it possible to generate sustainable income and make a living from trading? During this course, you will learn the skills, knowledge, and techniques needed to answer that question honestly. It is a data-driven course using rigorous quantitative methods (Python coding required).
In this risk management course, students will learn:
- advanced Python Coding (OOP, Pandas, Numpy, Scipy, Matplotlib, Seaborn).
- how to make a living from Trading (what it takes).
- how to properly use Stop Loss (SL) and Take Profit (TP) Orders.
- how to generate a sustainable income with Trading.
- how to optimize Trading Performance with Smoothing.
- how to calculate Downside Risk and the Sortino Ratio.
- how to find the optimal degree of Leverage for Margin Trading.
- how to calculate CAGR, Investment Multiple, compound Returns, and more.
- how to optimize the Performance of Trading Strategies.
- how to control and manage Risk in Trading Strategies.
- how to optimize Trading Performance with single/multiple Parameter Optimization.
- how to calculate Risk, Return, and the Sharpe Ratio (Mean-Variance Analysis).
- how to calculate Maximum Drawdown, Maximum Drawdown Duration, and the Calmar Ratio.
- how to measure the Performance and Risk of Trading Strategies and Financial Instruments.
The course isn't just about Performance and Risk Management for Trading. It is a comprehensive course on Python and its Data Science libraries Numpy, Pandas, and Matplotlib. This course is designed to help you master the use of (Financial) Data Analysis, Optimization, and Trading Libraries.
Course rating: 4.7 out of 5.0
Duration: 19h 14m
Certificate: Certificate on completion
7. The New Age of Risk Management Strategy for Business
Learn how to think strategically about the most pressing modern risks—from AI to globalization.
This course shares a practical approach to risk management, guiding how to deal with some of the 21st century's most pressing risks. Get a better understanding of how globalization and emerging technologies such as autonomous vehicles can put your assets, people, and valuation at risk and what you need to do to protect them.
This risk management course includes:
- Define Risk Strategy Perils
- Cyber and Technology Risks
- Risk Management Globalization
- Risk Financing
This course will explore the risks of how climate change and extreme weather affect businesses, how cryptocurrency may change in the future, and why it is important to business leaders, among other topics.
Course rating: 56,795 total enrollments
Duration: 1h 29m
Certificate: Certificate on completion
8. Investment Risk Management
The course requires students to be familiar with basic financial risk management concepts.
In this course, students will learn to quantify risk-to-reward using Treynor Ratio, calculate value at risk for an investment portfolio, and showcase this hands-on experience in an interview.
This risk management course includes:
- Introduction to Risk
- Monthly returns and Standard Deviation
- Calculating Beta
- Calculating Treynor Ratio
- Calculating Value at Risk
- Graphing and conclusion
Upon completion, you will learn how to calculate the value at risk for investment portfolios based on the Treynor Ratio and calculate risk-to-reward using Treynor Ratio.
Course rating: 4.5 out of 5.0
Duration: 1h
Certificate: Certificate on completion
9. Risk Management for IT and Cybersecurity Managers
Curious about why leaders at your organization decided not to fund your project? Learn more about here.
The course will provide an insight into how cybersecurity and information technology managers use preliminary risk analysis to determine which projects to pass on and which ones to fund.
This course includes:
- What is Risk?
- What Can You Do with Risk?
- Calculating Risk
This course will teach you two methods of calculating risk: qualitative and quantitative. Additionally, learn how to efficiently manage risks and identify when risk management is not done correctly as an IT or cybersecurity manager.
Course rating: 24,740 total enrollments
Duration: 1h 22m
Certificate: Certificate on completion
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