What makes a CRO Great? 

• The attributes of great CROs
• What is your role?
• What do your colleagues expect from you?
• Being part of the winning culture
• Moving from gatekeeper to valued added risk management

Risk Management is Changing – Being Innovative 

• What is innovation?
• The 3 lines model
• Risk management post COVID 19
• What really matters?
• Aligning risk management to the Board
• Using AI techniques
• Techniques to embed risk management within the business
• Culture and risk management
• Compliance and conduct risk and risk management
• Bringing ESG into risk management
• Dealing with remote working practices

Changing World of Enterprise Risk Management 

• The challenge of ERM
• Risk governance and the key obligations
• Risk capacity, appetite and tolerance
• Driving inherent risk management
• Stress testing and scenario modelling
• Making risk management forward looking
• Dealing with operational resilience
• Identifying critical operations and services
• Understanding third party risk management
• Key elements of risk management
• Identifiers and warning signs
• Modelling reputational risk

Case Study:  Identifying and dealing with criticality

Model Risk Management and Risk Management

• Definition of a model
• The models inventory and risk assessment
• Risk management of model building and development
• Initial model validation – the role of risk management
• Governance, documentation and model approval
• Model risk assessment techniques
• Model validation and risk management
• Monitoring model stability
• Human intervention and model concerns

Case Study:  Model risk assessment and validation

Integrating Risk Management

•  The challenges set by bank capital management
• Management and committee understanding
• Dealing with inconsistent measures
• Integrating risk reporting
• Integrating stress testing and scenario modelling
• Reporting uncertainties
• Reporting to future
• Pull and push
• Exception based escalation
• Reliance on systems and structures
• Using AI to support decision making
• Who needs what and why?

Case Study:  Consider approaches to innovative risk reporting?  Who needs what data?

Operational Resilience within Enterprise Risk Management 

• What is operational resilience?
• Integrating operational resilience into enterprise risk management
• Operational resilience requirements
• The changing capital rules and what this means for operational risk resilience
• Developing and using an operational loss database
• Developing forward looking indicators
• Using external loss data
• Control and risk self-assessment – could it ever work?
• Scenario modelling approaches
• Business continuity planning and operational resilience
• ICT and risk management

Case Study: Developing and using scenarios within operational resilience 

ICT and Risk Management 

• The role of risk management and IT
• Regtech and its impacts
• The power of AI and roboadvice
• Changing payment patterns
• Infosec and risk management
• Cybersecurity and risk management
• Embedding fraud deterrence processes

 Case Study:  The key elements of ICT risk management

:  ESG and Risk Management 

• Changing the balance of risk management
• Building culture into the organisation through risk management
• Defining and implementing ethical behaviours
• The importance of external measurements and risk management
• How does this change risk appetite?
• Measuring your impacts
• Building public statements into risk management

Credit, Market and Liquidity Risk Management – Innovation and Challenges 

• Building econometric risk management into enterprise risk management
• New challenges in credit risk
• Changing role of credit models
• Increasing model validation and questioning
• New challenges in liquidity risk and treasury risk
• The challenge of market risk modelling

Case Study:  the key challenges within credit risk due to COVID

Other Key Elements of Risk Management

• Using AI techniques
• Applying data mining
• Compliance risk management
• Insurance and risk management
• Risk policies and procedures
• Third party risk management
• Critical services and products
• Measuring and managing reputational risk
• Strategic and tactical risk management

Case Study:  How will third party risk management be managed in practice?

Bringing it all Together

• What really matters to your Board?
• Developing appropriate reporting structures
• Where are new systems and ways of working most useful?
• Developing integrated warning signs and effective reporting
• Final lessons
• The Future

Participants will explore and consider in depth the key issues, challenges and practical solutions within risk management, across all major risk issues including

• What makes a CRO great?
• What is innovation and how to embed in the senior risk leadership role
• Where is ERM changing and what are the opportunities?
• The key drivers and approaches within enterprise risk management including risk appetite and stress testing
• Building ESG into enterprise risk management
• The role of operational resilience and ICT within ERM
• How to measure and manage third-party risk and reputational risk

All delegates who complete the course will receive a Certificate in The Innovative Chief Risk Officer, and for those who require a demonstration of training to this competency a 20-question/multiple-choice answer, remotely invigilated, with results report and a resit is available at no additional cost when request at time of booking.

Led by a former Tier 1 Global Bank Director of Risk this highly-interactive seminar focuses on challenges, issues and discussion supported by a key concepts presentation, engaging real-time in-depth case studies, regulation and  international best practise.

The virtual learning platform uses confidential, safe, industry preferred encrypted Cisco WebEx to optimize live face-to-face visual interaction, and private, discrete chat for questions and clarifications.

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