Enterprise Risk Management (Intermediate)

The objective of the course is to provide a comprehensive yet practical overview of the integrated and Enterprise wide risk management framework.

The Global Financial Crisis clearly showed that a silo approach to risk management can be quite fatal for organisations. Just as various parts and divisions of a Bank must interact and can only survive off each other – the consequential risks that exist, have significant inter-relationships. Also, to understand and manage the aggregate risk profile of the Bank and put that in context of the overall risk appetite, ERM becomes essential.

At the end of the course the participants would:

• Have a clear understanding of the essentials of ERM and a typical ERM framework in banks.
• Be able to articulate the components of the bank’s framework, and familiarise themselves with the broader perspective of risk subcategories within financial and non-financial risks. With a high level introduction to Basel rules and scope.
• Understand the scope and importance of Governance and appreciate the roles and responsibilities of various entities and individuals in this context.
• Be able to explain the risk management cycle and be familiar with the varying jargon used.
• Look at different areas and examples of controls and risk response, working on specific examples in different areas of the bank
• Be introduced to the concept and importance of risk culture and their contribution to this.