Programme Overview

In todays rapidly evolving financial landscape, effective risk management has become a cornerstone of success for institutions in the Banking, Financial Services, and Insurance (BFSI) sector. With increasing regulatory scrutiny, dynamic market conditions, and the proliferation of technology, executives must stay ahead by proactively identifying, analyzing, and mitigating risks to ensure the resilience and sustainability of their organizations.

This executive program on Risk Management for BFSI Institutions is designed to equip leaders with essential tools and frameworks to navigate the complex, interdependent risks in financial institutions. By blending theoretical insights with practical applications, it ensures a deep understanding of critical risk dimensions, including credit, market, operational, and liquidity risks. Through interactive sessions and real business case studies, participants will develop a comprehensive framework for effective risk governance and regulatory compliance. Additionally, the program explores contemporary challenges such as FinTech risks, cybersecurity threats, and the impact of ESG factors on risk management.

Programme Objective
  • Develop a structured understanding of the risk management ecosystem within BFSI.
  • Understanding methods and measures for risk quantification, mitigation, and governance.
  • Gain insights into emerging risks and regulatory challenges in the digital age.
  • Enhance decision-making skills to address high-stakes risk scenarios effectively.
Key Topics

Module 1: Introduction to Risk Management in BFSI

  • Overview of risk management and its importance in BFSI.
  • Key types of risks: Credit, Market, Operational, Liquidity, and Reputational Risks.
  • Regulatory environment: Basel III, RBI guidelines, SEBI norms.

Module 2: Credit Risk Management

  • Fundamentals of credit risk: Probability of default, loss given default, and exposure at default.
  • Credit risk modelling techniques: Scorecards, Structural Models
  • Credit portfolio management: Diversification and concentration risks.

Module 3: Market Risk Management

  • Understanding market risk: Interest rate risk, equity price risk, and foreign exchange risk.
  • Risk metrics: Value at Risk (VaR), Stress Testing, and Backtesting.
  • Hedging strategies using derivatives: Futures, Options, and Swaps.

Module 4: Operational and Liquidity Risk Management

  • Identification and mitigation of operational risks: People, Processes, and Technology.
  • Key metrics: LCR (Liquidity Coverage Ratio), NSFR (Net Stable Funding Ratio).
  • Asset-liability management (ALM) frameworks.

Module 5: Enterprise Risk Management (ERM)

  • Holistic risk management approaches.
  • Integration of risk management across business functions.
  • Role of governance and culture in effective ERM.

Module 6: Emerging Risks and Challenges in BFSI

  • FinTech and digital transformation risks.
  • ESG (Environmental, Social, and Governance) risks.
  • Regulatory and geopolitical risks

Module 7: Cybersecurity and Financial Frauds

  • Emerging Cyber Threats in the Financial Sector
  • Regulatory Frameworks and Compliance in Cybersecurity
  • Major Financial Cyber Frauds and Lessons Learned
Programme Directors
Professor Vivek Rajvanshi

Professor Vivek Rajvanshi

Finance and Control

Who May Attend

Mid and senior-level executives who are working as:

  • Banking, Financial Services and Insurance Professionals and Decision-Makers
  • Risk Management Specialists
Programme Duration and Delivery
  • From the morning of June 10, 2025 till the afternoon of June 13, 2025
  • Face to face - classroom based
Pedagogy
  • Interactive Lectures
  • Business Case Discussions
  • Simulations
How to Apply
  • You can apply/nominate your personnel by clicking on the Apply Now link corresponding to the particular MDP, as appearing on our online calendar available at:
  • Once the candidature(s) is (are) approved, the sponsoring authority or participant (in case of self-nomination) will be intimated over email along with a Proforma Invoice seeking programme fees in advance.
  • Programme fees can be remitted online through Electronic Fund Transfer (NEFT/RTGS).
  • Upon remitting the fees online, kindly intimate CMDP office with the UTRNo. /relevant transaction details through email, so that we can connect your remittance to your nomination(s). Please note that confirmation of participation is subject to receipt of Programme fees by CMDP Office before commencement of the MDP.

For further assistance, please connect with:

Name: Ms. Payel Majumder
Number: +91 33 7121 6012
Email ID: program_mdp[at]iimcal[dot]ac[dot]in