This course has been designed to provide the knowledge and skills needed to understand and support enterprise wide risk management,
Course Overview
INTRODUCTION TO RISK MANAGEMENT
- Concepts and Terminology
- Risk and Corporate Governance
- Risk management with the overall business operating model
- Basis of risk and control framework
CERTIFICATE OF RISK MANAGEMENT
- This course has been designed to provide the knowledge and skills needed to understand and support enterprise wide risk management, and to promote best practices, and international standards that are aligned with business and regulatory requirements.
- The course provides the skills needed to pass the professional exam.
- This course is intended for professionals that want to understand risk to work as risk officers.
- This course is designed for employers demanding qualified risk professionals
Training Outline
Definition of Risk Management
OVERVIEW OF RISK MANAGEMENT
- Need for project risk management
- Some sources of risk
- Some common risk categories
OVERVIEW OF RISK MANAGEMENT PROCESS
- Definition of risk
- Project risk management process steps (planning, assessment (identification, analysis, handling, and monitoring)
DESIGNING AND IMPLEMENTING A RISK PROGRAM
- Designing and Implementing an enterprise wide Risk Program
- Documentation
- Testing
- Training
- Ongoing with laws and regulations
- The company and other stakeholders
- Managing the regulators and change in regulations
- International and national regulatory requirements
- What is different
- The MENA countries
- New standards
- Multinational companies and risks challenges
RISK MANAGEMENT FRAMEWORK
-Enterprise Risk Management Framework
- How to develop the risk profile and your entity risk mitigation plans
- Components of the risk register
- Risk categories (Operational, financial, strategic , market risks)
- Tools and techniques to assess the risk and controls
- What is risk strategy and how it is linked to business strategy
- What is risk appetite and how to develop it for your entity
- Risk reporting packs
- The concept of risk governance
- Risk ownership , mandates and roles of key stakeholders
–The Frameworks of Risk Management
- The Control Environment.
- Risk Assessment.
- Control Activities.
- Monitoring.
- Compliance with applicable laws and regulations.
- IT Controls.
- Enterprise Risk Management (ERM) Framework.
- Risk Assessment.
- Risk Response.
- Control Activities.
- Information and Communication.
- Monitoring.
- Objectives: Strategic, Operations, Reporting, Compliance.
- Implementation plan.
- Likelihood.
- Impact
- Key Goal Indicators (KGIs).
- Key Performance Indicators (KPIs)
-Risk Reporting
- What are the key risk reports, how to develop such reports, and who are the key stakeholders
- How to read risk reports and link them with business performances
- What are the important key risk indicators (KRIs) and how to quantify and measure them
- Basis of risk modelin
Operational Risks
- What is operational risk
- Legal risk
- Information Technology operational risk
- Operational, operations and operating risk
- The evolving importance of operational risk
- Quantification of operational risk
- Loss categories and business lines
- Operational risk measurement methodologies
- Identification of operational risk
- Operational Risk Approaches
- Basic Indicator Approach (BIA)
- Standardized Approach (SA)
- Alternative Standardized Approach (ASA)
- Advanced Measurement Approaches (AMA)
- Internal Measurement Approach (IMA)
- Loss Distribution (LD)
- Standard Normal Distribution
- Expected loss (EL), Unexpected Loss (UL)
- Value-at Risk
- Calculating Value-at Risk
- Stress Testing
- Operational Risk Measurement Issues
- Operational risk management
- Operational Risk Management Office
- Key functions of Operational Risk Management Office
- Key functions of Operational Risk Managers
- Operational risk sound practices
- Operational risk mitigation
Learning Outcomes
- You will learn the new international standards and best practices in risk management.
- You can become a Certified Risk Professional. This is an advantage on your resume, serving as a third-party endorsement to your knowledge and experience. Certificates give the necessary assurance that you have the knowledge and skills to accept more responsibility in your organization.
- You improve your resume in order to meet the new “fit and proper” requirements for managers and employees in risk management.
Who Should Attend ?
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- Heads of Compliance
- Banking and Investment officers
- Risk Professionals
- Internal and External Auditors
- Legal Personnel
- Finance Managers
- Business Consultants
- Board Secretaries
- Personnel and commissioners of governance regulators such as Central Banks, Capital Markets Authorities, Audit Bureaus, Ministries and other related government entities
- Board members who need to add to their knowledge and understanding
- Senior Management needs a greater understanding of the role and practicing Risk Management
- All other people who are keen to add to their expertise in this important subject to enhance their career path
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