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 2^nd 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

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.

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.)