The course of Risk management intends to point out the importance of risk management in banks, in order to integrate risk management in the strategy of the bank, corporate governance and shareholders value. These aims will be achieved through lessons focused on identifying and assessing risk, different risks and the risk management process; categories of risk; risk avoidance, retention and modelling. Significant part of course will be focused on the banking practice in risk management, banking supervision and prudential standards for a sound risk management in banking. A stress testing as one of the tools for measuring the risk level exposure, activates undertaken by management and governing bodies on the basis of stress testing will be covered though the process. The topics will be presented through combination of lectures, case studies and discussion on the current developments in the banking practice.