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Risk Identification

Explains how to monitor and survey the internal and external environment for emerging risks and the approaches to identify risks associated with noncompliance with internal and external expectations. Explores the determinants involved in calculating idiosyncratic risk. Describes the objectives and usefulness of the RCSA process and the importance of elevating those risks that are identified as inherently high.

Duration: Approximately 40 minutes
Updated: July 2019

What You'll Learn

After successfully completing this course, you will be able to:

  • Describe the key components an effective risk identification process
  • Identify risks associated with noncompliance
  • Identify common types of idiosyncratic risks
  • Describe the role of the risk and control self-assessment (RCSA) in risk identification


Risk management and control professionals in the first, second or third line functions with primary responsibilities including risk assessment, risk testing, measurement and monitoring, risk reporting, audit, or governance across credit risk, financial and/or non-financial risk categories. Directors, members of senior management, State/Federal bank examiners, external risk consultants or auditors.

Course Credits

ABA Professional Certifications: 1.0 CERP

ABA Certificates: This course applies to the Certificate in Risk Management Frameworks.

Questions? Please contact ABA Training for more information.




Purchase for a Team
To license this course to your bank for multiple learners, please contact ABA Training.


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