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Image: Gears; Text: Risk Management Maryland Smith Risk Academy is a Course

Maryland Smith Risk Academy

Jan 11 - Feb 1, 2022

$2,545 Enroll

Full course description


Registration Deadline: January 10, 2022
Course Dates/Times: 2-4pm EDT: T, Th Jan 11 - Feb 1, 2022
Audience: Mid-career & Senior Professionals/ Open to the public:

Risk practitioners in commercial entities, federal and state agencies, industry regulators and other government ecosystem managers engaged in credit, banking, loan, grants, insurance, and other financial and market activities requiring effective risk management.

There are no prerequisites for the course.

Offered by: Robert H. Smith School of Business
Continuing Education Units: 1.2 CEUs (non-academic credits)
Cost: $2,995*; $2,545 early registration rate through December 15, 2021
*University of Maryland alumni, Big 10 school alumni, and multiples from the same organization, please email for discount inquiries.


The Maryland Smith Risk Academy is a live, virtual executive training program targeted to mid-career and senior professionals. In today's ever-changing and increasingly complex world, understanding your organization’s risk landscape is of paramount importance. For professionals in financial services -- whether within a federal, state or local government agency or small, mid-size or large commercial entity -- you must master the challenges and myriad of risks that your organization faces to make strategic decisions -- decisions that could have long term consequences.  To be successful, you need the tools and knowledge to identify, evaluate and manage these risks. 


In collaboration with Deloitte, participants are taken on a learning journey through rigorous case studies, group discussions, scenario planning, and expert guest speakers. The program is limited in size to emphasize live interaction and delivers the insight needed to identify and manage various risks throughout agencies and organizations with complex financial missions.

Course Description

This course includes 7 modules focused on building a robust risk management program within federal agencies.

  • Building a Sustainable Risk Management program
  • ERM and Credit Risk
  • Cyber Risk and Mitigation for Regulators
  • Risk Modeling and Governing
  • Liquidity and Capital Risks
  • Operational and Regulatory Risk Management
  • Climate Change and Financial Risk Management


By the end of this program, participants will learn to…

  • Build a sustainable risk management program
  • Define key elements of credit risk and how they align to ERM, as well as how to use ERM to build a strong and more sustainable credit risk program
  • Cyber risk and mitigation for credit agencies and financial regulators
  • Use of data/ analytics for risk measurement and best practices in risk monitoring, including the development of key risk indicators and other risk-related metrics, as well as:
    • Risk Modeling Techniques
    • Risk Indicators and Reporting
    • Model Governance
  • Liquidity and capital risks – being able to provide lending oversight to the CROs and other constituents
  • Basics of operational and regulatory risk management, as well as other portfolios of risk (i.e., human capital, technology, etc.) that may be relevant.
  • A Primer on Climate Change and Financial Risk

Meet the Instructor

Dr. Clifford Rossi is an Executive-in-Residence and Professor of the Practice at the Robert H. Smith School of Business, University of Maryland. Prior to entering academia, Rossi had nearly 25 years of experience in banking and government, having held senior executive roles in risk management at several of the largest financial services companies.


Course Notice: Non-credit courses and Continuing Education Units (CEUs) do not post to the University of Maryland transcript and do not count towards a student's academic record. Neither grade nor credit is earned. Non-credit students do not receive a University ID card nor access to University facilities such as recreation, transportation, and campus events. Non-credit students may access UMD Libraries as Visitors; see

This is an Office of Extended Studies (OES) administered course. Contact Canvas Support if you experience any technical difficulties by calling (877) 399-4090 or by visiting the live chat.