CISI Risk in Financial Services study guide
CISI Risk in Financial Services · Work through your exam, one topic at a time.
Risk in Financial Services is a professional qualification offered within the CISI's range of professional qualifications for the financial services industry. The CISI describes itself as a financial services professional body with over 54,000 members worldwide, and it publishes a Qualifications Navigator to help candidates identify which qualification fits their career stage. Candidates typically take Risk in Financial Services to build a structured grounding in how risk is identified, governed, regulated and managed across banking, securities and investment firms. The syllabus is commonly organised around five themes: risk and risk management in financial services; corporate governance and risk management; risk and the regulatory environment; credit risk; and market risk. The CISI Risk in Financial Services study guide has 5 sections and about 2,511 words.
01Risk and Risk Management in Financial Services
This domain covers the language of risk, the risk management cycle and how firms organise to take and control risk. Expect definitions, risk taxonomy and questions that ask you to distinguish appetite, tolerance and capacity.
513 words, about 3 min02Corporate Governance and Risk Management
This domain tests board and committee accountability, the UK governance code and regulatory governance rules, and how remuneration and culture are aligned with risk. Questions often ask who owns risk and which committee does what.
491 words, about 2 min03Risk and the Regulatory Environment
This domain covers the UK regulatory architecture, prudential capital and liquidity rules, and conduct regulation. Expect questions on who regulates what, Basel ratios, ICAAP and SREP, and how recovery and resolution planning work.
527 words, about 3 min04Credit Risk
This domain tests how credit risk is assessed, measured, mitigated and provisioned. Expect the five Cs, PD LGD EAD, expected loss, collateral and covenants, concentration risk and IFRS 9 staging.
508 words, about 3 min05Market Risk
This domain tests market risk types, sensitivity measures, VaR and expected shortfall, stress testing and limit management. Questions often ask you to interpret a VaR number or choose the right sensitivity for a risk.
472 words, about 2 min