Risk Identification & Assessment Techniques

What Will You Learn?

• Understand how to develop and apply a risk taxonomy to categorize and structure enterprise-wide risks.
• Create and interpret risk maps that align with strategic goals and operational objectives.
• Use qualitative tools such as scenario planning, workshops, bow-tie analysis, and heat maps to evaluate risks.
• Apply quantitative models including Value at Risk (VaR), Tail Value at Risk (TVaR), GARCH, copulas, and Monte Carlo simulation to assess risk exposure.
• Construct and maintain an effective risk register, prioritize risks, and track residual exposure.
• Leverage Big Data and AI tools for proactive risk sensing, anomaly detection, and predictive modeling.
• Explore real-world applications in fraud detection, credit scoring, ESG monitoring, and operational forecasting.