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UNIT 2
MODULE 2: COMPLIANCE LEGISLATION AND STATUTES (cont’d)
SPECIFIC OBJECTIVES CONTENT
Students should be able to: (a) Define risk management.
(b) Types of risks:
6. explain the concept of risk and risk
management; (i) market;
(ii) liquidity;
(iii) credit;
(iv) operational; and,
(v) legal.
(c) Principles of Risk Management:
(i) value added;
(ii) integrated process;
(iii) integrated decision making;
(iv) systematic application;
(v) suitability;
(vi) inclusivity; and,
(vii) adaptability.
(d) Examples of tools of Risk
Management:
(i) organisational strategy;
(ii) risk reviews;
(iii) mitigation and management
(SWOT analysis); and,
(iv) Porter’s Five Force Model.
CXC A38/U2/16 43
