MaRisk Training and Awareness

All employees involved in risk-relevant activities must receive appropriate training. This includes not only risk management staff but also employees in front-office units, back-office processing, internal audit, and senior management. The depth and content of training should be tailored to the specific roles and responsibilities.

MaRisk training should be conducted regularly, typically at least once a year. Additionally, ad-hoc training is necessary when there are significant changes to regulatory requirements, internal processes, or the risk strategy. New employees should receive initial training as part of their onboarding process.

Key topics include the organization's risk strategy and culture, risk management processes (identification, assessment, monitoring, reporting), internal control systems, specific MaRisk requirements relevant to the target group, and the consequences of non-compliance. Practical examples and case studies enhance understanding.

Effectiveness can be ensured through interactive training formats, comprehension tests or quizzes, feedback surveys, and by monitoring risk culture indicators. Regular updates to training content ensure it remains relevant. Tracking participation rates and successful completion is also essential.

Yes, comprehensive documentation is required to prove compliance to auditors and regulators. This includes training materials, attendance records, test results (if applicable), and evidence that the content was appropriate for the target audience. Documentation should be archived in an audit-proof manner.