Risk Management Fundamentals: An introduction to risk management in the financial services industry in the 21st century

Across financial services, risk management is an increasingly valued competency. Risk Management Fundamentals: An introduction to risk management in the financial services industry in the 21st century introduces risk and risk management and its goal is to present the fundamentals of risk management to promote interest in the topic for further professional development.

By the turn of the new millennium many firms had credit, market, and operational risk functions in place. It was the great financial crisis of the late 2000s that accelerated this trend.

Driven by an understanding that a more holistic view of risk management was required, there is an increase in the types and amounts of risk categories being managed by firms. As a result, many managers require their teams to understand risk management and their roles and responsibilities related to it.