What is risk? Why do firms manage risk? In this course, you will be introduced to the different types of business and financial risks, their sources, and best practice methods for measuring risk. This course will help you gauge different risk types and set risk limits, describe the key factors that drive each type of risk, and identify the steps needed to choose probability distributions to estimate risk. You will explore the history and development of risk management as a science, and financial and business trends that have shaped the practice of risk management. By the end of the course, you will have the essential knowledge to measure, assess, and manage risk in your organization.
To be successful in this course, you should have a basic knowledge of statistics and probability and familiarity with financial instruments (stocks, bonds, foreign exchange, etc). Experience with MS Excel recommended.
Status: Risk Modeling
Risk Modeling
Status: Probability Distribution
Probability Distribution
Beginner·Course·16 hours
Featured reviews
5.0
·Reviewed Jan 19, 2024
Mr. Iraci was a wonderful instructor who was easy to follow and went at a good pace. He displays credibility as an authority on the subject matter.
4.0
·Reviewed Jun 4, 2023
It was amazing, however, when it comes to equations and formulas, I would like to have a more clear explanation, perhaps a en example on practical usage. Thank you
5.0
·Reviewed Mar 28, 2022
Introduction to Risk Management is very useful subjet for our feature,it helps in our business,companies,industries and also lifes
5.0
·Reviewed Jun 5, 2023
Very good course, very well organized and clearly explained. The instructor speaks and explains very clearly and slowly. The attached material is very appropriate.
4.0
·Reviewed Nov 28, 2025
It is a good starting point, but for depth one has to build from some other courses. This courses lack real life interactive simulations.
5.0
·Reviewed Dec 22, 2025
Bermanfaat sekali untuk menentukan arah kebijakan yang diambil dalam menjalankan sebuah perusahaan
5.0
·Reviewed Nov 16, 2022
its nice to have different set of thinking and different state of managing risk
5.0
·Reviewed Dec 19, 2025
This course is pure gold! The material is absolutely value-packed. I now have a much clearer understanding of how business and financial flows impact risk management.
5.0
·Reviewed Jan 14, 2025
Prefer to get the cert before the trial ends since I had completed it.
5.0
·Reviewed Jul 30, 2024
Intense. I feel a real sense of achievement. I'm looking forward to the next course.
5.0
·Reviewed Oct 21, 2024
great class, wonderful background for risk generally and enterprise risk management
5.0
·Reviewed Mar 11, 2023
This is one of the most interesting courses I have experienced. Well done to the instructor in the compilation and presentation of the course. Highly appreciated.
All reviews
Showing: 20 of 152
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A
Angela
5.0
·Reviewed Sep 1, 2023
Joe was an amazing educator. He is highly knowledgeable, and I understood the information he presented. I would recommend this course!
J
Jayakumar
5.0
·Reviewed Mar 29, 2022
Introduction to Risk Management is very useful subjet for our feature,it helps in our business,companies,industries and also lifes
J
Javier
5.0
·Reviewed Aug 3, 2022
Excelent, i am very conformed with content learned new york institute finance.
L
lance
5.0
·Reviewed Jan 27, 2022
A good comprehensive overview to the discipline of risk management.
D
Deleted
5.0
·Reviewed Aug 9, 2022
This course is very engaging and useful
H
Heloise
4.0
·Reviewed Oct 4, 2021
Very good and progressing learning curve with good assessment and discussion forums to help check our progresses . It is a shame that the discussion does not seem to be monitored ( responded) by the professor as some people might need support and more explanation on probability analysis and concept ( eg the concept of Distribution )
P
Phoenix
2.0
·Reviewed Aug 14, 2023
First I want to clarify that I study Risk Management because I thought it would increase my knowledge in the PM career,
I'm in the 3rd week of this course, and the Instructor Mr. Joseph Iraci has great knowledge, yet He can't explain the subject well enough, or even stay on the same line of the discussion which leads me to get lost in too many threads on my head (don't know which is which or what belong to where)
This course would be great if just someone goes over it and edits it to make it linked and clear enough for beginners to understand and wrap their heads around
S
Samuel
5.0
·Reviewed May 14, 2022
The course is the good introduction of risk management fundamentals. It set the building blocks of the traditional market, credit, and operational risks and the addition of other emerging risk types and strips that constitute the foundations of risk management framework, development and applicatons. The use of relevant artefacts including papers, reports, and surveys as the course supports help for deepen understanding of the concepts. I recommend this course.
E
Eliseo
5.0
·Reviewed Jun 6, 2023
Very good course, very well organized and clearly explained. The instructor speaks and explains very clearly and slowly. The attached material is very appropriate.
F
François
5.0
·Reviewed Jun 28, 2023
An up-to-date overview of the main principles of Risk Management, from granular e.g. Market Risk to Enterprise level.
M
Mercy
5.0
·Reviewed May 16, 2022
Insightful
G
GOUNDLA
5.0
·Reviewed Sep 2, 2022
good
R
Ronit
4.0
·Reviewed Nov 28, 2025
It is a good starting point, but for depth one has to build from some other courses. This courses lack real life interactive simulations.
W
wasunchit
3.0
·Reviewed Jan 4, 2023
Good topic, but I hope that the video sessions would be more informative.
R
rakesh
3.0
·Reviewed Jan 25, 2023
Few more examples and quizzes would make this course even better.
D
Deleted
2.0
·Reviewed May 19, 2023
First part of the course was really interesting but then things became boring and bad described. Formulas in lessons are not enough to solve problems in quizzes. I expected much more from this course(
H
Harmandeep
2.0
·Reviewed Jan 23, 2024
Practical demonstration of risk process taken by managers might have proved extremely helpfull.
A
Alexis
1.0
·Reviewed Apr 12, 2022
few , or none, cases... too much conceptual and theoretical... slides and videos were boring...
C
Choudary
5.0
·Reviewed Nov 22, 2024
The "Introduction to Risk Management" course from the New York Institute of Finance was a great learning experience. It provided me with a solid understanding of different types of risks—such as financial, operational, and market risks—and the strategies used to manage and mitigate them. The course content was structured in a way that made even complex concepts easy to grasp, which I found particularly useful. I would highly recommend it to anyone looking to strengthen their foundation in risk management, especially those in finance or business fields.
Ш
Шахло
5.0
·Reviewed Oct 8, 2025
This course provided a clear and structured introduction to risk management principles. I especially appreciated the practical examples of scenario analysis and stress testing, as well as the focus on integrating risk management into organizational strategy. The content was very relevant to my professional work in enterprise risk management. Thank you to the NYIF team for this valuable learning experience!