الوصف |
Objectives:
By the end of the course, participants will be able to:
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Define the basic terms related to risk and the fundamentals of Enterprise Risk Management
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Execute a qualitative risk analysis to determine the overall risk level
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Perform a quantitative risk analysis by utilizing techniques such as Value at Risk (VaR), Expected Credit Loss (ECL), stress testing, scenario analysis, Monte Carlo simulations, and decision tree analysis
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Develop effective risk-based response and decision-making strategies based on the relative priorities
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Identify risk management maturity within an organization, create a risk register, and monitor the entire process
Outline:
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Introduction to Enterprise Risk Management
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Governance, Risk, and Compliance (GRC) framework introduction
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Three lines of defence
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Definition of risk and identification of risk types
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Enterprise Risk Management (ERM) process
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Definition of risk appetite
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Introduction to financial markets and products
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Qualitative Risk Analysis
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Brainstorming and Delphi technique
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SWOT analysis
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Risk probability and impact assessment
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Heat maps and risk score
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Risk urgency assessment
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Quantitative Risk Analysis
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Credit risk
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Credit analysis
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Credit rating
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Credit portfolio management
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Expected Credit Loss (ECL)
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Market risk
§ Classification of instruments and valuation methodologies
§ Value at Risk (VaR)
§ Stress testing
§ Liquidity risk
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Operational risk
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Risk management and investment management methodologies
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Monte Carlo simulation
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Sensitivity and scenario analysis
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Expected Monetary Value (EMV)
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Risk-adjusted performance measures
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Risk Response Strategies and Decision Making
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Secondary and residual risks: Risk response strategies
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Calibrating Key Risk Indicators (KRIs)
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Contingency planning strategy
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Incident management
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Decision tree analysis
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Decision-making reconciled with risk appetite
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Assessment of Risk Maturity and Monitoring
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Implementation of a risk register
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Assessment of the risk management maturity
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Risk-based internal audit
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Risk reviews
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Identification of emerging risks and future trends
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