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Risk Monitoring

Risk monitoring is within the broader ecosystem of the risk management process.

It involves maintaining continuous awareness of an organisation's risk environment as well as its risk management programme and associated activities to support risk decisions.

Our Risk Monitoring course will help you understand the importance of monitoring risk and implementing a risk and control monitoring programme.

Start your trial Course details
  • 40 Minutes
  • For all staff
  • Based on best-practice risk management frameworks and suitable for global audiences.

Learning objectives

  • Understand the importance of risk monitoring within the context of the Management of Risk (MoR) framework
  • Distinguish between periodic and continuous risk monitoring
  • Understand why continuous risk monitoring is essential and the benefits it provides to our Company
  • Implement a risk and control monitoring programme
  • Identify risk and control monitoring programme implementation challenges
  • Understand how the three lines of defence responsibilities in relation to risk monitoring

    What can you expect your employees to learn?

Welcome

  • Learning objectives
  • How to complete this course

What is risk monitoring?

The Management of Risk (MoR) framework

  • How does a company monitor risks & controls?

What is continuous risk monitoring?

  • Scenario: using technology for continuous monitoring
  • The right way to do continuous monitoring
  • Current content: Why continuous risk monitoring is essential

What are the benefits of continuous risk & control monitoring?

How to implement a risk & control monitoring programme

  • Implementing a risk & control monitoring programme: True or false?

What do the regulators say about risk & control monitoring?

Risk & control monitoring programme implementation challenges

  • Tackling risk monitoring programme implementation challenges

The Three Lines of Defence & how they support risk monitoring

  • You decide: The roles of the three lines of defence in risk monitoring

Summary
Affirmation
Assessment

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Your questions, answered

Risk Management

How does conduct risk differ from compliance risk?

Conduct risk focuses on behaviour and outcomes, how actions affect customers and markets -  while compliance risk relates to failing to meet legal or regulatory requirements. Conduct risk is broader and more subjective, often tied to culture and ethics.

Who is responsible for managing conduct risk within a firm?

While senior leadership sets the tone, managing conduct risk is a shared responsibility across all levels, from front-line staff to compliance teams. Everyone plays a role in identifying and mitigating risky behaviour.

Can conduct risk exist in non-financial sectors?

Yes. Although the FCA regulates financial services, conduct risk principles apply across industries. Any business that interacts with customers or influences markets can face conduct-related challenges.

How can technology help reduce conduct risk?

Tools like automated monitoring systems, AI-driven analytics, and e-learning platforms can help detect risky patterns, reinforce ethical behaviour, and ensure consistent training across teams.

How often should proliferation financing risk assessments be updated?

Best practice suggests reviewing risk assessments annually or whenever there are significant changes in business operations, customer profiles, or geopolitical developments.

Why is risk scoring important for my business?

Identifying potential risks around your business is not enough. Tracking how your company manages them helps you implement policies to prevent them. The best way to get started is with a risk scoring matrix.

What is a risk scoring matrix?

A risk scoring matrix helps identify the level of risk for specific activities, such as personal data. By measuring the likelihood of something happening against how serious the consequences would be, it helps you see which areas to focus on. And what policies or procedures to put in place.

Related courses

Boost your compliance efforts with our range of courses. Varying in length and topic, our courses equip you with the tools to create an ethical and resilient workplace.

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Risk Treatment

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Risk Reporting

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Continual Improvement of Risk Management

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Introduction to Risk

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Third-Party Risk

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Physical and Personal Security Risk

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