Skip to content
Get in touch Support Hub Partners Investors
Book a demo Free trial

Fundamentals of Risk Management 2: Risk Management

Most companies seek to nurture a healthy risk culture where everyone across the organisation understands their responsibilities for managing risk.

All firms should invest in risk management and have robust risk management procedures. 

Our Risk Management course explains what risk management is and why it is important. You'll also familiarise yourself with the Management of Risk (MoR) framework developed by the UK Government.

Start your trial Course details

Learning objectives

  • Appreciate what risk management is and its key benefits for our Company
  • Identify who has ownership of risk management
  • Understand the Management of Risk (MoR) framework
  • Identify regulatory expectations in relation to risk control
  • Recognise why communication is an essential aspect of risk management

    What can you expect your employees to learn?

Welcome

  • Learning objectives
  • How to complete this course

What is risk management?

  • The goal of risk management
  • You decide: Understanding risk management

Categories of risk

  • Risk: The current climate

Who manages risk within a company?

  • When is risk management important?

Risk management frameworks

  • What is the MoR framework?
  • MoR principles of risk management
  • You decide: Adopting the MoR principles
  • The MoR framework processes
  • You decide: The MoR framework processes

The UK Financial Conduct Authority's (FCA's) requirements for risk control

  • You decide: What is the purpose of risk control regulation?
  • How do we comply?
  • You decide: Overcoming barriers

Communication & the MoR framework

  • You decide: Why is communication essential?

Why is risk management important?


Summary
Affirmation
Assessment

Start your compliance e-learning journey with a free trial

Our no-obligation free trial gives you access to our libraries and compliance platform. 

Ready to start your free trial? Complete the form, and a member of the Skillcast team will be in touch with further details.

Your questions, answered

Common FAQs

Are Skillcast courses SCORM-compliant?

Yes. This means they can be delivered via the Skillcast Portal or any other SCORM-compliant Learning Management System.

What other tools are needed beyond training?

A comprehensive compliance solution often needs more than just training. Alongside e-learning, tools like declarations, surveys, and registers that track compliance tasks are usually essential. Skillcast provides full support to help you set up these additional tools.

Is our training content still compliant with the latest legislation?

  • You can check the latest course content updates in our library updates page: https://www.skillcast.com/compliance-course-library-updates
  • For major legislative changes, we:
    • Will send you email alerts to ensure you are notified
    • Offer you a free trial of newly created or updated content
    • Host webinars with compliance experts to explain the changes and how our training supports your ongoing compliance

Can you translate our content into other languages?

Yes, we offer translations in a wide range of languages. Let us know your needs, and we’ll confirm availability or work with you to plan translations for your selected modules.

How can I give employees a secure way to record suspicious activity so we can act quickly?

Our Suspicious Activity Register allows staff to log concerns or irregularities they observe, helping you detect potential issues early. The secure register can be reviewed by compliance teams, enabling prompt investigation and action.

What file types are supported by the Skillcast system?

Features

Supported file types and details

File Exchange

File types: PDF, Excel spreadsheets, Word documents, SCORM and xAPI files, and compressed zip files. Max file size: Default is 1GB, can be increased to a max of 2GB

SCORM files

Versions: SCORM 1.2, SCORM 1.2 for Moodle, SCORM 2004 2nd, 3rd and 4th Edition. Max file size: 1024MB

xAPI file

Max file size: 2GB

Videos

File types: MP4 or MOV. Videos must be optimised, with a max file size of 100MB. If the file is bigger, our Design Team can help

Images

File types: jpg, png and gif. The file size should ideally be 100KB, but it can be up to 250KB

CPD evidence

File types: Word, PDF, Excel and CSV. File size: the limit should be whatever the portal config option is set to. Servers are set to max 2GB

Policy documents

PDF or Word File size: the limit should be whatever the portal config option is set to. Servers are set to max 2GB

Offline activities evidence

File types: PDF, DOC, DOCX, XLS, XLSX, CSV, PNG, GIF, JPEG, JPG, PPTX and MSG. File size: the limit should be whatever the portal config option is set to. Servers are set to max 2GB

Client logo files

File types provided by client: EPS, PDF, AI and SVG

Registers

PDF, DOC, DOCX, XLS, XLSX, CSV, PPT, PPTX, POT, PPA, PPS, JPG, JPEG, PJEPG, PNG, BMP, GIF, MP4, MOV, WMV, CPTX, CP, TXT, ZIP and MSG files

Declarations

JPG, JPEG, PNG, GIF, XLS and XLSX files