Fundamentals of Risk Management
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In our fast-moving world, the risks we have to manage evolve quickly. It is imperative that we minimise the threats and maximise the potential of today’s risks.
Global risk and uncertainty remains at a high level due to political, social and technological changes and increased regulatory pressures. All businesses are having to focus on risk adjusted returns when investors are searching for yield in a low interest rate environment. This may be about to change with the Bank of England’s recent increase in interest rates and the removal of QE in the US and Europe. The search for profitable opportunities can lead to excessive risk taking. This emphasises the need for risk management in all areas of the business – highlighting the importance of operational risk and reputational risk. Among the more recent changes, rules affecting the steps firms are taking to assess product suitability are attracting greater regulatory attention. As products become more complex, it can be more difficult to satisfy controls.
This course will explain the theory and practice of risk management, with an emphasis on understanding the principles of risk management and the more complex tools used by the experts. Delegates will study issues and problems thrown up by the historical credit crisis and understand the mechanics behind these scenarios and what could have been done differently to negate some of the impact. Most importantly, delegates will have the opportunity to develop risk standards that can be applied to their own team or company. Delegates must find the right balance between risk and reward for their organisation and make their own criteria for the implementation of risk procedures and controls.
This is a highly practical course that involves group discussion and case study analysis meaning you will be able to implement all that you have learned as soon as you return to the workplace.
The programme draws upon the particular issues and problems thrown up by the credit crisis and explains the mechanics behind these scenarios and what could have been done differently to negate some of the impact.
- Analysing specific risk management frameworks and different types of risk
- Building awareness of specific risks such as credit, market and operational
- Exploring the main risk measurement and management tools
- Understanding how risk standards are developed and identifying key criteria for implementing effective risk controls, procedures and regulatory processes
- Analysing other types of risk including political, economic, legal, liquidity, accounting, tax and model
- Legal aspects, Basel Accords and Solvency II
How You Will Learn
Delegates find the right balance between risk and reward for their organisation
Case study analysis allows attendees to find possible solutions by assessing what others have done and practical sessions encourages them to make their own criteria for the implementation of risk procedures and controls.