Purpose and Background
This website provides a comprehensive collection of GenAI prompting exercises specifically designed for financial institution risk and compliance professionals. The exercises teach effective prompt engineering techniques that help these professionals leverage generative AI tools in their daily work.
The collection includes:
- 3 general exercises for Chief Risk Officers applicable across all risk and compliance domains
- 42 role-specific exercises covering 14 different financial institution risk and compliance roles
Each exercise follows a structured format designed to build practical prompt engineering skills through a progressive learning approach.
Exercise Structure
All exercises follow a consistent format:
- Objective: What the exercise aims to teach
- Background: Context about the role's responsibilities and challenges
- Scenario: A realistic work situation
- Basic Prompt Example: A simple but ineffective prompt
- Prompt Improvement Activity: Steps to enhance the prompt
- Advanced Prompt Template: A comprehensive, effective prompt
- Evaluation Criteria: How to assess prompt quality
- Practice Activity: Additional scenarios for independent practice
Covered Roles
The exercises cover the following financial institution risk and compliance roles:
Risk Management Roles
- Risk Officer
- Risk Manager
- Credit Risk Manager
- Operational Risk Officer
- Model Risk Manager
Compliance Roles
- Privacy Officer
- Regulatory Adherence Officer
- Cybersecurity Officer
Technical Roles
- Model Validator
- Credit Modeller
- Credit Analytics Data Scientist
- Risk and Control Data Scientist
Management Roles
- Team Manager in Compliance and Risk
- Office Manager
Role Personas
The exercises are designed based on detailed personas that represent professionals at different career stages in risk and compliance roles. These personas help ensure the exercises address real-world challenges and learning needs.
Compliance Officer Personas
Entry-Level Compliance Analyst - "Alex"
Background: 1-2 years of experience in financial services, Bachelor's degree in Finance or Business Administration, Recently completed CAMS certification, Working at a mid-sized regional bank
Role Characteristics: Responsible for daily monitoring of transactions for suspicious activity, Conducts first-level reviews of potential compliance issues, Assists with regulatory reporting and documentation, Participates in compliance training sessions for bank staff
Pain Points: Overwhelmed by the volume of regulations to learn, Struggles to prioritize alerts and potential issues, Limited experience in interpreting complex regulatory requirements, Difficulty balancing thoroughness with efficiency
Learning Needs: Practical application of AML/KYC regulations, Transaction monitoring best practices, Documentation standards for compliance findings, Communication skills for explaining compliance issues to non-specialists
Mid-Level Compliance Manager - "Samira"
Background: 5-7 years of compliance experience in financial institutions, MBA with concentration in Risk Management, CRCM certification, Working at a large national bank
Role Characteristics: Manages a team of compliance analysts, Develops and implements compliance policies and procedures, Conducts second-level reviews of complex compliance cases, Interfaces with regulatory examiners during audits, Responsible for compliance training program development
Pain Points: Keeping up with rapidly changing regulatory landscape, Balancing compliance requirements with business objectives, Managing resource constraints within compliance department, Ensuring consistent application of compliance standards across business units, Demonstrating compliance value to senior management
Learning Needs: Advanced regulatory interpretation skills, Compliance technology and automation solutions, Team management and leadership in compliance context, Regulatory examination preparation strategies, Metrics for measuring compliance program effectiveness
Senior Compliance Officer - "Marcus"
Background: 12+ years of compliance experience, Law degree with banking specialization, Multiple certifications (CRCM, CAMS, CFE), Working at a global financial institution
Role Characteristics: Oversees enterprise-wide compliance program, Advises executive leadership on compliance strategy, Represents the institution to regulatory agencies, Leads compliance risk assessments and program evaluations, Responsible for compliance budget and resource allocation
Pain Points: Managing compliance across multiple jurisdictions with conflicting requirements, Addressing emerging compliance risks (crypto, AI, ESG), Building a strong compliance culture throughout the organization, Quantifying compliance ROI for board reporting, Balancing innovation with compliance constraints
Learning Needs: Cross-border compliance management strategies, Emerging technology compliance implications, Compliance culture development techniques, Executive communication and influence skills, Strategic compliance planning and risk forecasting
Risk Management Officer Personas
Junior Risk Analyst - "Taylor"
Background: 1-3 years of experience in financial services, Bachelor's degree in Finance, Economics, or Mathematics, Working toward FRM certification, Working at a regional bank
Role Characteristics: Collects and analyzes risk data, Assists in preparing risk reports, Monitors basic risk indicators, Supports risk assessment processes, Helps document risk policies and procedures
Pain Points: Limited understanding of the broader risk landscape, Difficulty connecting risk metrics to business impact, Struggles with communicating technical risk concepts, Overwhelmed by the variety of risk types to monitor, Limited experience with risk management tools and systems
Learning Needs: Fundamentals of financial institution risk categories, Basic risk assessment methodologies, Risk data analysis techniques, Risk reporting best practices, Introduction to regulatory requirements
Mid-Level Credit Risk Manager - "Naomi"
Background: 6 years of experience in credit risk, MBA with concentration in Finance, FRM certification, Working at a national commercial bank
Role Characteristics: Oversees credit risk assessment processes, Develops and maintains credit risk models, Reviews and approves complex loan applications, Monitors credit portfolio performance, Implements credit risk policies and procedures
Pain Points: Balancing credit risk controls with lending growth targets, Keeping credit models current with changing economic conditions, Managing increasing regulatory expectations for credit risk, Addressing emerging credit risks in new industries, Communicating complex credit risk concepts to business units
Learning Needs: Advanced credit risk modeling techniques, Economic forecasting for credit risk management, Regulatory expectations for credit risk governance, Emerging industry risk assessment, Credit portfolio optimization strategies
Senior Enterprise Risk Officer - "Victor"
Background: 15+ years of risk management experience, Master's degree in Risk Management, Multiple certifications (FRM, PRM, CRISC), Working at a large financial services conglomerate
Role Characteristics: Leads enterprise-wide risk management program, Develops risk appetite framework and strategy, Advises C-suite and board on risk matters, Oversees integration of risk management across business lines, Responsible for risk governance structure
Pain Points: Aligning risk management with strategic objectives, Addressing emerging risks (climate, cyber, geopolitical), Demonstrating risk management value to stakeholders, Balancing innovation with risk control, Managing risk across diverse business units and geographies
Learning Needs: Strategic risk management frameworks, Emerging risk identification and assessment, Board and executive risk reporting techniques, Risk culture development strategies, Risk management in digital transformation
Operational Risk Officer Personas
Junior Operational Risk Analyst - "Miguel"
Background: 1-2 years of experience in financial services, Bachelor's degree in Business Administration or Finance, Working toward ARM certification, Working at a community bank
Role Characteristics: Collects operational risk data and incident reports, Assists with operational risk assessments, Monitors basic operational risk indicators, Helps document operational incidents, Supports business continuity testing
Pain Points: Limited understanding of operational processes across the bank, Difficulty connecting operational incidents to root causes, Struggles with quantifying operational risk impacts, Overwhelmed by the variety of operational risk types, Limited experience with operational risk tools and methodologies
Learning Needs: Fundamentals of operational risk categories, Operational risk assessment methodologies, Incident reporting and analysis techniques, Business process mapping, Introduction to operational risk regulatory requirements
Mid-Level Business Continuity Manager - "Olivia"
Background: 5 years of experience in operational risk and business continuity, MBA with focus on Operations Management, Business Continuity Professional (CBCP) certification, Working at a regional financial institution
Role Characteristics: Develops and maintains business continuity plans, Conducts business impact analyses, Leads disaster recovery testing, Manages incident response for operational disruptions, Trains staff on business continuity procedures
Pain Points: Ensuring business continuity plans remain current and relevant, Balancing thoroughness with practicality in continuity planning, Getting business units to prioritize continuity testing, Managing continuity across increasingly digital operations, Addressing emerging threats to operational resilience
Learning Needs: Advanced business impact analysis techniques, Crisis management and communication strategies, Remote work continuity planning, Technology recovery coordination, Regulatory expectations for operational resilience
Senior Operational Risk Officer - "Derek"
Background: 12+ years of operational risk management experience, Master's degree in Risk Management, CRISC and Operational Risk Manager certifications, Working at a large national bank
Role Characteristics: Oversees enterprise-wide operational risk framework, Develops operational risk policies and methodologies, Advises senior management on operational risk matters, Leads operational risk assessments for critical functions, Responsible for operational risk reporting to board and regulators
Pain Points: Integrating operational risk management across siloed departments, Quantifying operational risk for capital allocation, Balancing operational efficiency with risk controls, Addressing technology-driven operational risks, Demonstrating value of operational risk management to business leaders
Learning Needs: Operational risk quantification methodologies, Technology risk governance frameworks, Operational risk culture development, Advanced operational risk reporting techniques, Regulatory expectations for operational risk management
Model Risk Manager Persona
Senior Model Risk Manager - "Sophia"
Background: 10+ years of experience in model development and validation, Master's degree in Statistics or Quantitative Finance, FRM and PRM certifications, Working at a large financial institution
Role Characteristics: Oversees the institution's model risk management framework, Develops model risk policies and standards, Reviews and approves model validation reports, Monitors model performance and limitations, Ensures regulatory compliance for models
Pain Points: Managing increasing complexity of AI/ML models, Balancing model innovation with risk control, Addressing regulatory scrutiny of model governance, Communicating model risks to senior management, Ensuring consistent model risk standards across the organization
Learning Needs: Advanced validation techniques for complex models, AI/ML model governance frameworks, Model risk quantification methodologies, Regulatory expectations for model risk management, Effective communication of technical model concepts
How to Use These Exercises
These exercises are designed to be used in classroom settings or for self-directed learning. Here are some recommended approaches:
For Trainers and Educators
- Use the exercises as the foundation for GenAI training workshops
- Assign specific exercises based on participant roles
- Facilitate group discussions around prompt improvement activities
- Have participants complete practice activities and share their results
- Use the evaluation criteria to provide feedback on participant prompts
For Individual Learners
- Start with the general CRO exercises to understand fundamental principles
- Focus on exercises specific to your role
- Work through the prompt improvement activities step by step
- Practice creating your own prompts using the templates as guides
- Apply the techniques to your actual work scenarios
Benefits of Effective Prompt Engineering
Learning to craft effective prompts for generative AI tools offers numerous benefits for risk and compliance professionals:
- More accurate and relevant AI-generated outputs
- Reduced time spent iterating and refining requests
- Better alignment of AI outputs with specific job requirements
- Improved ability to leverage AI for complex risk and compliance tasks
- Enhanced productivity and decision-making support
- More consistent and reliable AI assistance