CPEs: 32
Instructor: Dennis Cox
Level: Intermediate
Tuition: £4,195.00
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NEW Enterprise Risk Management for Investment Funds RM0601

Location: UK EU MENA WAT GCC Time Zones

First Date: March 18 – 21 2024

Duration: 4 days

Programme Director: Dennis Cox

All Dates & Locations
Venue Details

Experience the highly-interactive expert-led social learning through Virtual Classroom via Cisco WebEx from Risk Reward.

All our 2023 – 2024 Live, onsite and Virtual Classroom events feature shared (or discrete) live chat between delegates and the expert, participate in topical surveys, polling questions, group exercises and case studies for a tried -and- true engaging and gratifying learning experience.

Need to certify the entire audit team, or just train 1:1? Simply contact us for significant cost savings and dates specific to meet your exact needs.

Agenda Highlights

Session 1: The Role of Risk Management
Session 2: Building a Risk Management Framework
Session 3: Risk Identification
Session 4: Dealing with Uncertainty
Session 5: Investment Risk Management
Session 6: Risk Committee Reporting
Session 7: Operational Risk Management
Session 8: Credit Risk Management
Session 9: Liquidity and Market Risk Management
Session 10: Strategic and Reputational Risk Management
Session 11: Model Risk
Session 12: Third Party Risk Management
Session 13: ESG Risk Management
Session 14: Building it all together


Risk management has developed in its complexity and coverage addressing all areas including Strategic Risk, Reputational Risk, Credit Risk, Liquidity Risk and Operational Risk.  New topics such as operational resilience have also been introduced placing increasing demands on senior officers of firms.


This programme seeks to provide delegates with the tools they need to effectively develop a risk management framework suitable for their organisation.   It takes delegates systematically through all of the key elements of risk management and how these are implemented aligned to the goals and missions of the organisation.

Who Should Attend

The course is designed for all staff interested in or involved with risk management.

Additional Course Information

What Does It Cover?

Session 1:  The Role of Risk Management 

  • What is risk?
  • What is risk management?
  • Structure and framework
  • Management and Control
  • Standards of practice
  • 1st and 2nd line responsibilities
  • Capital requirements v risk management
  • Reports and Reporting
  • Key risks
  • The role of the Board

Case Study:  Key risks

Session 2:  Building a Risk Management Framework

  • The key steps to take
  • Developing he project
  • Identifying required resources
  • Risk management software solutions – do you need one?
  • The role of risk appetite
  • Modelling risk appetite
  • Cascade and correlation
  • Aligning risk management with goals and missions
  • What really matters?
  • Risk tolerance, risk capacity and risk acceptance
  • Implementing a risk acceptance policy
  • The role of the Board
  • Designing a risk appetite statement
  • Inherent risk and residual risk
  • Implementing risk appetite in the business – what would this require?
  • Risk appetite and limits

Case Study:  Risk appetite – personal and corporate

Session 3:  Risk Identification

  • Sources of risk information
  • The role of risk workshops
  • Running risk workshops
  • Risk horizon scanning
  • Identifying new risks
  • Building the risk register
  • Risk ownership

Case Study:  Risk identification in practice

Session 4:  Dealing with Uncertainty

  • Loss data and its uses
  • External loss data and its uses
  • Expected and unexpected
  • Using confidence levels
  • Stress testing and reverse stress testing
  • The role of scenario modelling
  • Using scenarios in practice
  • Modelling uncertainty
  • Fan diagrams and other forms of reporting
  • Dealing with consequences
  • Causal modelling

Case Study:  Stress testing in practice – key elements

Session 5:  Investment Risk Management

  • What is investment risk
  • Investment due diligence
  • SWOT analysis
  • The role and risks of introducers
  • Governance risks
  • Understanding the industry
  • Dealing with forecasts
  • Monitoring investments
  • Evaluating investments

Case Study:  Assessing a potential investment  for risks

Session 6:  Risk Committee Reporting

  • Information that they need
  • Information that they get
  • The questions to ask
  • The problems faced
  • Dealing with uncertainty
  • How much stress testing should be conducted?
  • Single gunshot or multiple risks?
  • What causes a firm to fail?

 Case Study:  Corporate failure

 Session 7: Operational Risk Management 

  • What is operational risk
  • Best practice
  • The 3 lines model and operational risk
  • Loss data
  • Identifying controls
  • Control and risk self assessment
  • KCIs, KPIs and KRIs
  • Incident management
  • Business continuity and disaster planning
  • Operational resilience
  • Digital resilience
  • Cyber crime and financial crime deterrence

Case Study:  Developing KRIs and KCIs

Case Study:  Using loss data

Session 8:  Credit Risk Management 

  • What is corporate credit risk
  • Assessing a investment
  • Counterparty credit risk
  • Credit Model Risk
  • EAD, PD and LGD
  • Provisioning and product pricing

 Case Study:  Assessing a financial counterparty

 Session 9:  Liquidity and Market Risk Management 

  • The role of liquidity
  • Liquidity v return
  • Cash management and liquidity planning
  • The role of ALCO
  • Tools for liquidity management
  • Best practices
  • Behavioural data and its limitations
  • Liquidity risk and future financing
  • Liquidity risk and stress testing
  • What is market risk?
  • Economic risks and uncertainty
  • Interest rate risk management
  • Currency risk management
  • Asset risk management
  • Tools and solutions

Case Study:  Using solutions in practice

 Session 10:  Strategic and Reputational Risk Management 

  • What is strategic risk management
  • Roles and responsibilities
  • Key actions to take
  • What is reputational risk?
  • How is it assessed
  • What damages a reputation?
  • Reputational risk management in practice – what goes wrong
  • Implementing reputational risk management

Case Study:  Managing a crisis 

Session 11:  Model Risk 

  • The problems with models
  • Model approval and documentation
  • Identification of assumptions and uncertainty
  • Model validation and reporting
  • Model monitoring
  • Using model outputs

Case Study:  Model risk framework

 Session 12:  Third Party Risk Management

  • The role of third party risk management
  • Roles and responsibilities
  • Service level agreements
  • Assessing critical third parties

Case Study:  Assessing a critical third party – what to do?

Session 13:  ESG Risk Management 

  • The developing standards
  • What is expected of risk management?
  • The NASDAQ guidance
  • What might be done now?

Session 14:  Building it all together  

  • The role of risk champions
  • Ensuring appropriate governance
  • Project management
  • The framework in practice
  • What are firms reporting?
  • Final lessons
Learning Objectives

At the end of the programme, participants should be able to:

  • Understand the risk management process, including risk identification, assessment/analysis, measurement, control and monitoring
  • Appreciate the process to be adopted to develop a risk management framework and the role of risk appetite and tolerance
  • Gain an insight into the importance of corporate governance as a key factor in the effective implementation of sound risk management policies and practices
  • Understand key risk control monitoring practices and the importance of balancing controls against business goals and objectives.
  • Have opportunities to apply concepts learned against “real” risk related activities, including risk assessments and implementation plans that can be used to the benefit of their organisations
  • Be better positioned to lead/participate strongly in efforts to transform their company’s risk management activities into value enhancing capabilities

Delegates who complete the course will receive a Certificate with equivalent CPD/CPE credits via email; and for those who require an assessment as a demonstration of competency via training a 20 multiple-choice questions and answers quiz, remotely invigilated with results report and 1 resit, is available at no additional charge when requested at time of reservation.

Social Learning & Methods

Highly interactive expert-led intensive presentation, Q&A, group real-time in-depth case studies, regulation and discussion supported by key principles and theory. The virtual learning platform uses safe, industry preferred encrypted Cisco WebEx to optimize live face-to-face visual interaction, discrete chat, for polling and quizzes.

(An invitation via email with access link is included for all participants.)


NEW Enterprise Risk Management for Investment Funds

Course Fee


Course Fee (per person):
GBP £4,195.00 (+ UK VAT when applicable)

Number of delegates:

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