Banking risk management

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As a bank employee, it's important to be aware of potential risk events, and how to manage them effectively. In the course of performing your role, unexpected situations will occur that aren't in line with usual practices, and may lead to adverse outcomes. Within the context of the banking industry, it's important to accurately identify, assess, manage and monitor, and report risks when they arise.

WCAG 2.1 AA accessibility


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Banking risk management
Banking risk management
Banking risk management
Banking risk management

Learning outcomes

I want my learner to be able to:

  • Explain the importance of preventing and managing risks in the banking industry;
  • Describe key trends affecting financial services within Australia and internationally;
  • Describe the Risk Management Framework (RMF) and the key processes it must consider;
  • Decribe the consequences of not following risk management processes;
  • Define the Three Lines of Defence (3LOD) risk management model;
  • Explain their obligations to report or escalate any risks, issues, incidents or breaches of compliance;
  • Identify the major risk types and strategies banks use to manage risks.

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WCAG AA 2.1 compliant

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