This topic provides a high-level overview of how risk impacts on every aspect of the credit cycle and every role of those involved in that cycle, whether as introducers, staff or third party service providers. It is intended to promote an awareness of risk and its impact on every person engaged in the sector.

This topic outlines:
• The Risk Environment

• Risk – What is it?

• Risk Types
- Strategic
- Compliance
- Operational
- Financial
- Reputational

• Roles & Responsibilities
- The Board
- The CEO/MD
- Management
- Staff, contractors, volunteers and third parties

• Summary

This is a risk awareness topic and cannot be taken as legal advice.