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Course Description

The course OLCD-PALS0020, Risk Assessment and Management, is a 36-hour online course that spans twelve weeks, including 7.5 hours of live online sessions. It is designed for learners in public and private sector organizations to understand the fundamentals of risk assessment and risk management. Students will explore various types of potential risks, including financial, technological, operational, and reputational, as well as risk remedies, mitigation, and auditing.

Course Outline

• Introduction to Risk Assessment and Management
• Risk Identification and Assessment
• Risk Prioritization and Mitigation
• Technology and Risk
• Finance and Risk
• Operations and Risk
• The Three Lines of Defence
• Insider Risk and Reputational Risk
• Black Swan Risks / Business Continuity Planning
• Enterprise Risk Management
• Risk Remedies
• Risk Auditing

What You Will Learn

Upon completion of this course, learners will be able to:

• Explain the different types of risk
• Identify how approaches to risk are influenced by risk culture
• Explain the role of risk management
• Identify several different ways to identify risk
• Explain the advantages and disadvantages of each method of risk identification
• Explain how risk is assessed
• Explain the various considerations when prioritizing risks
• Describe the different approaches that can be taken to mitigate risk
• Explain the advantages and disadvantages of each approach
• Explain the concept of Enterprise Risk Management
• Identify the advantages of Enterprise Risk Management
• Explain the role of a compliance program

Microcredential

This course provides learners with the opportunity to earn a microcredential, which is evidence of a skill or competency that is employment-related. To earn the microcredential, learners will need to successfully complete a competency-based assessment.

Notes

The Faculty of Open Learning and Career Development recommends an intermediate level of English language proficiency for the most effective learning and participation in online and face-to-face courses.

Prerequisites

There are no prerequisites for this course.

Recommended For

This course is recommended for professionals involved in risk assessment and risk management planning in their organizations, including those in project management, business development, law enforcement, education, human resources, and operational management.

Applies Towards the Following Certificates

• Certificate in Gaming Leadership: Electives
• Certificate in Local Government Finance: Required
• Certificate in Police Leadership: Required
• Post-Graduate Certificate in Leadership Excellence: Required
• Professional Diploma in Management and Leadership Studies: Required - Certificate in Strategic Leadership
• Certificate in Strategic Leadership: Required

Course Details

• Course Title: OLCD-PALS0020 - Risk Assessment and Management
• Section: 005
• Term: Winter 2026
• Type: Blended - Online
• Schedule: January 9, 2026, to April 3, 2026
• Days and Time for Live Sessions: Thursdays, 5:00 PM to 6:30 PM (Atlantic Time)
• Total Learning Hours: 36.0
• Location: Online Campus - Atlantic Time
• Instruction Delivery Method: Blended - Online
• Course Fee: $1,195.00 (Tuition, non-credit)
• CEUs: 3.6
• Instructor: Dr. Ian Messenger

Instructor Biography

Dr. Ian Messenger is the Founder and CEO of the Association of Certified Gaming Compliance Specialists (ACGCS). He has a background in financial-crime investigation and has worked in various roles, including Director of Anti-Money Laundering for a Canadian Crown corporation in the gaming industry. Dr. Messenger holds several professional credentials, including Certified Anti-Money Laundering Specialist (CAMS), Certified Financial Crime Specialist (CFCS), and Certified Fraud Examiner (CFE). He has a Doctorate in International Criminal Justice and has published works related to his field of expertise.