Overview

All regulated firms must have sufficient internal procedures to identify, measure, mitigate and monitor its risks. Identifying and mapping those risks will help ensure the firm has sound risk management systems in place, as well as assist in maintaining adequate internal capital relative to its risk profile. The course will...

All regulated firms must have sufficient internal procedures to identify, measure, mitigate and monitor its risks. Identifying and mapping those risks will help ensure the firm has sound risk management systems in place, as well as assist in maintaining adequate internal capital relative to its risk profile. The course will provide attendees with a practical framework with which to develop a comprehensive risk profile for their own firms by identifying the most significant risks within each business line, listing all related parties and types of transaction, assessing existing risk management controls and considering the impact of crystallised risks.

The workshop style programme uses a variety of teaching methods including relevant case studies, illustrative examples and participant interaction to help attendees quickly grasp and internalise new knowledge. It is highly interactive and participants will be invited to discuss illustrative examples and real-life case studies in order to gain a practical understanding of all these issues.

Who is this for?

The course will be of considerable value to Senior Managers, Risk Officers, Money Laundering Reporting Officers, and Compliance Officers with at least 2 years relevant experience and who wish to cement their understanding of the topic with a sound practical grounding.

  • Introduction – what is risk?
  • Identifying risk
    • Credit risk
    • Market risk
    • Operational risk
    • Compliance risk
    • Liquidity risk
  • Risk mapping
    • Identifying your risk universe
    • Measuring inherent risk
    • Applying internal systems and controls
    • Measuring residual risk
  • Effective risk monitoring
After attending this session, attendees will:
  • Understand the concept of risk and its importance
  • Be able to describe the main categories of risk their firm faces
  • Be able to construct a comprehensive risk matrix
  • Know how to identify and measure risks
  • Be able to assess the adequacy of internal systems and controls
  • Know how to monitor risk effectively