Risk Reward

What Risk Reward does

Risk Reward Limited is a privately-held Knowledge as a Service company founded in 2002 and headquartered in the City of London, with a regional office in Miami serving the Americas. The firm operates across approximately 40 countries, organised around two service pillars. The consultancy pillar delivers expert engagements in risk management, internal audit, compliance and regulation, digital payments and banking systems, financial crime and cybercrime deterrence, and governance and strategy to banks, financial institutions, and central bank regulators. The learning pillar offers over 900 certificated executive short courses across five learning levels, delivered via virtual classroom (Cisco WebEx), face-to-face formats, and corporate in-house sessions, with training aligned to professional qualifications including CISI Risk in Financial Services, ICAEW, CIA & CFSA, LRN, and the CFA Society UK Investment Management Certificate (IMC).

The company monetises primarily through professional services fees, course registration fees (public seminars priced between £1,995 and £4,995 per person plus UK VAT, with discount and early bird mechanisms), and negotiated corporate in-house training contracts. Distribution combines direct enterprise sales, public virtual seminars, and channel partnerships with CFA Society UK (via Quartic) and CISI. Thought leadership is delivered through the quarterly Global Risk Update newsletter, an Insights blog authored largely by CEO Dennis Cox, and a portfolio of textbooks on banking risk and AML deterrence. Leadership is concentrated around the founder-CEO and a small bench of credentialed practitioners; the firm reports a headcount of 11-50 employees, has no disclosed parent company, has raised no external funding, and operates without regional offices beyond London and Miami.

Name

Risk Reward

Legal name

Risk Reward Limited

Website

https://riskrewardlimited.com

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

11–50 employees

Short description

Risk Reward Limited, founded 2002 and headquartered in London, provides risk management, audit, compliance, and regulatory consultancy alongside over 900 executive training courses to banks, financial institutions, and regulators across approximately 40 countries.

Ownership category

akta.pro rank

Product category

Financial Risk Management Consulting and Training

akta.pro primary industry

Risk, Compliance & Internal Controls Consulting (BPAHACAJ)

akta.pro secondary industries

Risk Management (Enterprise, Operational, Model) (EDABAJAF), Fraud Risk & Financial Crime Controls Advisory (BPAKADAL), Financial Crime Compliance (AML/KYC/Sanctions) (EDABADAD)

Keywords

• Financial risk consulting
• Regulatory compliance training
• Executive education banking
• Enterprise risk management
• Professional certification training

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Consultancy Services: Better, faster problem-solving, ROI and with value added end-to-end consulting services delivered to banks, financial institutions and regulators. Services cover risk management, internal audit, compliance & regulation, digital payments/software, financial crime deterrence, and governance & strategy.
2. Executive Learning & Training: Over 900+ courses available as public seminars, in-house corporate training, and e-learning at 5 learning levels. Courses are certificated and aligned with professional qualifications including CISI, ICAEW, CIA & CFSA, LRN, and IMC. Revenue generated through course registration fees and corporate learning solutions.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels5 records

Core offering

Risk Reward provides independent consulting services to banks, financial institutions, and regulators in the areas of risk management, internal audit, compliance and regulation, digital payments and banking systems, financial crime/fraud/cybercrime deterrence, and governance and strategy. Complementing its consultancy, the firm delivers over 900 executive short courses across 5 learning levels as public seminars, in-house corporate training, and e-learning, with course content aligned to professional certifications such as CISI, ICAEW, IMC, CIA & CFSA, and LRN.

Product overview

Risk Reward is a Knowledge as a Service company providing global banking and financial risk, audit, and compliance expertise through two core service pillars: Consultancy and Executive Learning/Training. The consultancy division offers expert services in risk management, internal audit, compliance & regulation, digital payments/banking systems, financial crime deterrence, and governance & strategy. The learning division delivers over 900 executive short courses across 5 proficiency levels for regulators, banks, and financial institutions, covering areas including risk management, treasury management, capital markets, operational resilience, ESG, ethics & culture risk, and professional certifications (CISI, IMC, ICAEW). Additionally, the company publishes books on risk management topics (Frontiers of Risk Management series, Enterprise Risk Management in a Nutshell, Handbook of Anti-Money Laundering) and the quarterly Global Risk Update publication. Courses are delivered via virtual classroom (Cisco WebEx) and face-to-face formats globally.

Differentiator

Problem solved

Functional benefit

Brands

• Global Risk Update: Quarterly global risk update publication offering insights on banking and financial risk topics

Products and services

• Risk Reward Consultancy Services Expert consulting engagements covering risk management, internal audit, compliance & regulation, digital payments/banking systems, financial crime/fraud/cybercrime deterrence, and governance & strategy, sold to banks, financial institutions, and regulators globally.
• Risk Reward Executive Learning & Training Courses Over 900 executive short courses across 5 learning levels, delivered via public seminars, in-house corporate training, and e-learning, covering risk, audit, compliance, treasury, capital markets, operational resilience, ESG, ethics, and certification preparation (CISI, IMC, ICAEW, CIA & CFSA, LRN).
• Certified CISI Risk in Financial Services CISI-certificated program covering operational, credit, market, investment, liquidity, and model risk, corporate governance, and enterprise risk management, including the CISI-administered Level 3 Risk in Financial Services online examination.
• Investment Management Certificate (IMC) Exam Preparation Exam preparation courses for the CFA Society UK's Investment Management Certificate (IMC), covering Investment Environment (regulations) and Investment Practice (asset classes, quantitative methods); IMC is a Financial Conduct Authority-approved threshold competency examination held by over 15,000 professionals.
• The Mathematics of Banking & Finance Upskilling Workshop 3-day intensive workshop covering financial mathematics, probability theory, risk and return, derivatives (Black-Scholes), bond pricing, duration and convexity, stress testing, and VBA macros, priced at £3,495 per person plus UK VAT.
• Cash, Liquidity, and Balance Sheet Management 5-day comprehensive course covering cash management, liquidity risk, balance sheet analysis, GAP analysis, duration and convexity, derivative products, and capital allocation, priced at £4,995 per person plus UK VAT.
• Trends in Treasury Management for Banks and Financial Institutions Course covering key trends in treasury management including inflation risk, interest rate management, AI/ML in treasury, operational resilience, and ESG considerations, priced at £2,995 per person plus UK VAT with RISK10 discount code.
• Stress Testing & Reverse-Stress Testing Course covering stress testing methodologies for credit, market, and liquidity risk, including reverse stress testing and regulatory requirements, priced at £1,995 per person plus UK VAT.
• Chief Risk Officer (Banking and Finance) Certification Program C-Suite level certification course covering CRO responsibilities, enterprise risk management, model risk, operational resilience, ICT risk, ESG, and innovative risk management approaches.
• Risk Management in Capital Markets Comprehensive course covering enterprise risk, market risk, credit risk, liquidity risk, operational risk, and regulatory frameworks in capital markets.
• Credit Risk Measurement and Management Course covering probabilities of default, Basel regulatory formula, Vasicek models, IFRS9 impairment rules, PDs, LGDs, EAD, and stress testing.
• New Rules in ESG Banking, Investment and Reporting in Europe Course covering EBA ESG guidance, Euronext ESG guidelines, ESG metrics and factors, and reporting requirements for banks and investment firms.
• Implementing and Managing Ethics and Culture Risk in Banks and Financial Institutions Course covering corporate ethics frameworks, organizational culture, conduct risk, governance, and measurement of ethics and culture risk, led by Programme Director Dr Howard Haughton.
• Operational Resilience Course covering operational resilience frameworks, business continuity, impact tolerance, crisis management, third-party management, and cybersecurity principles.
• Advanced Treasury Risk Management 3-day course covering advanced treasury risk management topics for banking professionals.
• Managing Bond Portfolios in Banking Course on bond portfolio management covering nature and risks of bonds, portfolio construction, fixed income risk modelling, credit analysis, and portfolio strategies.
• Global Risk Update Publication Quarterly publication (Global Risk Update) providing insights and analysis on banking and financial risk topics, distributed to subscribers with PDF downloads available.
• Frontiers of Risk Management (Volumes I & II) Comprehensive books authored by Dennis Cox covering key issues and solutions in risk management, published by Business Expert Press.
• Handbook of Anti-Money Laundering Comprehensive handbook on anti-money laundering deterrence authored by Dennis Cox and published by John Wiley & Sons.

Quantifiable outcome

• 98% client satisfaction rating (Excellent/Very Good) based on client rankings
• +3 more outcomes

Named customers13 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Quartic (on behalf of CFA Society UK)coreStrategic or Co-development PartnerStrategic partnership for Investment Management Certificate (IMC) exam preparation courses. The IMC, administered by CFA Society UK, is one of the most widely recognised financial qualifications in the UK and an approved threshold competency examination by the Financial Conduct Authority. Currently held by over 15,000 professionals.

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Others

• Chartered Institute for Securities & Investment (CISI): UK professional body issuing the Risk in Financial Services qualification that Risk Reward's training prepares candidates for. Functions as a partner channel but also competes in certification-aligned learning content for the same buyer audience.
• ICAEW: UK professional body for chartered accountants whose qualification pathway Risk Reward aligns courses against. Acts as both a distribution partner and an adjacent training competitor in banking and audit certification.

Direct peers

• Fitch Learning: Training arm of Fitch Group focused on financial services risk, capital markets, credit, and regulatory training for banks and regulators globally. Closely mirrors Risk Reward's consultant-plus-executive-learning model and target clients in banks and supervisors.
• BPP Professional Education: UK-headquartered professional training firm offering financial services, accounting, and risk courses with similar UK/City of London client base. Overlaps Risk Reward directly on banking, risk, and certification preparation.
• Moody's Analytics: Financial intelligence and risk analytics arm of Moody's offering regulatory and risk training to banks. Already a Risk Reward client (Ari Lehavi testimonial), confirming direct overlap in financial-services risk learning.
• Euromoney Learning: Long-established financial services training provider covering banking, capital markets, treasury, and risk. Directly comparable as a 900+ course-style catalogue targeting Tier 1 bank clients and regulators across multiple regions.

Broad incumbents

• Oliver Wyman: Global management consulting firm specialising in financial services, including risk, regulatory, and treasury advisory. Comparable advisory offering to Risk Reward's consultancy vertical at significantly larger scale.
• KPMG (Financial Services Risk Consulting): Global Big 4 firm with a sizable financial-services risk consulting practice addressing regulatory, operational, and compliance mandates at large banks. Overlaps Risk Reward's risk and compliance verticals at much larger scale.
• Deloitte (Financial Services Risk & Regulatory): Global Big 4 firm with deep financial-services risk, regulatory, and compliance consulting capabilities. Comparable buyer relationships (global systemically important banks and regulators) with broader portfolio of services.
• PwC (Financial Services Risk): Global Big 4 firm with a large financial-services risk and regulatory consulting practice serving the same Tier 1 banks and regulators. Competes with Risk Reward on consulting engagements while operating at far greater scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/RiskRewardLimit

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Risk Reward