Comprehensive course analysis
Who should attend
This course is of interest for senior professionals and aspiring leaders in financial institutions as well as in many other sectors of commerce and industry.
The content is particularly relevant for managers and directors in retail and small business banks, leasing firms, consumer credit companies, microfinance institutions, but also for leadership teams in growing non-financial businesses and technology driven start-ups, both in emerging and developed markets.
As a current or future leader, you need to understand the evolving best practices in Governance, Risk and Compliance and turn them into a competitive advantage for your own business.
About the course
Corporate Governance is the system by which organizations are directed and controlled. It involves regulatory and market mechanisms, the relationships between an entity’s management, its board, its shareholders and other stakeholders, as well as the goals for which the entity is governed. Corporate Governance therefore is about strategy as well as Risk Management. Compliance is a core function within a broader definition of risk management and control. Governance, Risk and Compliance are very closely intertwined and are best presented in an integrated format in order to give business leaders the readily applicable tools to succeed.
The author is a member of the board of directors in a small bank, a large non-bank microfinance institution and in an emerging markets investment fund. In practice, we find that every governance level debate about strategy triggers a scenario analysis that brings out the connected risks and compliance issues. Every Risk Management Committee meeting in the end turns into a strategic discussion about what to do next, about how risk control and mitigation measures would interact with the organization’s strategic objectives.
In order to complete the course and get certified, participants need to pass a final exam and a course assignment (case study). Participants who have successfully completed the Certified Expert in Risk Management can be certified as Expert in Corporate Governance Risk and Compliance upon completing all the units (passing the online tests) and passing the course assignment.
The course comprises of 5 units, which build upon each other.
In financial services, future outcomes are never certain. Everything is risky and everyone finds it fashionable to add "risk" to every management buzzword in the book. It can make your head spin. This course is about giving you the vocabulary and the tools to cut through the fluff.
Early on in the course you will learn to identify and structure the various dimensions of risk facing a financial institution using an emerging consensus terminology that is shared between practitioners, regulators and professional risk analysts. Once we have put some order into the risk anecdotes, we will begin to measure exposures and quantify potential losses that could arise, if a risk event materialized. This is where some of the statistics and financial modelling skills come in. But don't worry, if you know a bit of Excel, you will be just fine. Every model, every calculation comes with easy-to-follow, step-by-step guidance and examples.
Only if we can measure the exposure to risk by estimating the size of a potential loss and the frequency or likelihood that it might occur, we can begin to consider what should be done about it, i.e. how to manage it.
That sums up the objective of the course. Once you are certified, you will be able to identify risks in your institution, describe them using commonly accepted terminology, quantify the severity and likelihood of losses and devise proper strategies to manage each type of exposure. In parallel, you will also have learned how to organize the processes around risk management and how to communicate with regulators and your own board about the risks and opportunities facing your institution.
Unit 1:The Nature of Risk
1 The Nature of Risk
2 Risk Management Principles and Process
3 Risk Landscape in Banking
4 Risk Management Outside the Financial Industry
Unit 2: Corporate Governance, Risk Management and Organisation
What is Corporate Governance?
Global Best Practices in Corporate Governance
Example / Special Box
Corporate Governance - to what End?
Internactions Between Legal Form and Corporate Governance
Critical Review of Various Board Paradigms
Cases and Examples
Governance and Prudential Regulation of Financial Institutions
Unit 3: Compliance and Operational Risk Management
Conceptual Framework for Operational Risk Management
Special Focus on Key Compliance Topics
Selected Topics in Operational Risk Management for Financial Services
Unit 4: Credit Risk Management - Selected Tools and Metrics
The Nature of Credit Risk
Credit Risk Provisioning
What Everyone Needs to Know About Credit Rating and Scoring
Supply Chain Credit Risk Management
Unit 5: Fundamentals of Asset Liability Management
The Basics of ALM
Capital Adequacy and Leverage
Liquidity Risk Management
Interest Rate Risk
Foreign Exchange Rate Risk
Joachim is Frankfurt School’s most senior international advisor and a recognized expert in Treasury and Risk Management for banking and microfinance. He serves as lead consultant and trainer at the Frankfurt School Competence Center in Risk Management and regularly manages complex implementation ...
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Because of COVID-19, many providers are cancelling or postponing in-person programs or providing online participation options.
We are happy to help you find a suitable online alternative.