Governance, the three lines and the risk process

Module 02 / 5 · 65 min

See who owns which risk decision, how the three lines work together, and how to identify, rate and record risks in a risk register.

In this module you will learn to

Describe the roles of the board, board risk committee, CRO and ALCO in an Ethiopian bank
Explain the three lines model and your own role in it
Apply the risk process: identify, assess, control, monitor and report
Rate risks by likelihood and impact and record them in a risk register

Built on

Erudite Africa course specification: 4.b Risk Management Framework, Levels 1 and 2 (October 2026)
Erudite Africa: Training Module, Ethiopian Context, programme overview and regulatory register (October 2026)
NBE Risk Management Guidelines (May 2010)
NBE directives as listed in the lessons: SBB/87/2024, SBB/88/2024, SBB/90/2024, SBB/91/2024, SBB/93/2025, SBB/95/2025, SBB/96/2025, FXD/01/2024, NBE/INT/13/2026
National Bank of Ethiopia Proclamation No. 1359/2025; AML/CFT Proclamation No. 780/2013 and Personal Data Protection Proclamation No. 1321/2024 (as reported)
International frameworks: COSO ERM (2017), ISO 31000, Basel Core Principles for Effective Banking Supervision

Examples and organizations are fictional. Apply your own organization's approved policies.