For Whom
Enterprise Risk Management
Course is Designed
This Course is Designed For:
Enterprise Risk Managers;
Chief Risk Officers;
Directors of Risk Management;
Risk Professionals;
Risk Modelling Experts;
Risk Managers;
Risk Management Team Participants;
Chartered Enterprise Risk Analyst and other Risk Professionals;
Chief Financial Officers;
Chief Operating Officers;
Chief Actuaries;
Senior Executives;
Board Directors;
Regulators and Rating Agency Analysts;
Internal and External Auditors;
Investment Professionals;
Business Managers;
Business Continuity Coordinators;
Business Operations Managers;
Disaster Recovery Professionals;
Corporate Strategy Staff;
Asset Liability Management Professionals;
Anyone new to ERM within financial services.
Duration:12 Days
Cost:
£12,000.00 Per Delegate
Please Note:
V.A.T. (Government Tax) does not apply to Corporate Sponsored
Individuals taking courses in any location - within or outside
the UK.
It applies only to Individuals and Corporations based in the UK
and to Non-UK Individual Residents taking courses in the UK.
Cost includes:
Free
Continuous snacks throughout the Event Days;
Free Hot
Lunch on Event Days;
Free City
Tour;
Free
Stationery;
Free
On-site Internet Access;
Diploma – Postgraduate –in Enterprise Risk Management (Double
Credit); or
Certificate of Attendance and Participation – if unsuccessful on
resit.
Students and Delegates will be given a Selection of our
Complimentary Products, which include:
HRODC Postgraduate Training Institute’s Leather Conference
Folder;
HRODC Postgraduate Training Institute’s Leather Conference Ring
Binder/ Writing Pad;
HRODC Postgraduate Training Institute’s Key Ring/ Chain;
HRODC Postgraduate Training Institute’s Leather Conference
(Computer – Phone) Bag – Black or Brown;
HRODC Postgraduate Training Institute’s 8-16GB USB Flash Memory
Drive, with Course Material;
HRODC Postgraduate Training Institute’s Metal Pen;
HRODC Postgraduate Training Institute’s Polo Shirt.
Click To Download the PDF Brochure of this
PG Short Course
Daily Schedule:
9:30 to 4:30 pm.
Location:
Central London, Amsterdam, Brussels, Dubai, Durban, Kuala
Lumpur, Paris, and Online
Enterprise Risk Management, Leading to Diploma-Postgraduate
in Enterprise Risk Management
(Double Credit)
Course Contents, Concepts and Issues
Part 1: Understanding Risk and Risk Management
Defining and Contextualising Risk:
Defining Risk;
Contextualizing Risk;
Formulating Risk Statement;
Perception
And Calculation;
Understanding Risk in an Organisation:
Model Towards Understanding Risk;
Enterprise Risk Management;
Risk – Classification.
Pertinent Issues in Enterprise Risk Mange
Risk in Enterprise Risk Management;
Identification of Type of Risk;
Level of Risk;
Property Risks;
Valuing Property;
Liability Legal Grounds;
Liability Risks;
Torts - An Insurance Categorization;
Establishing Negligence;
Types of Damages;
“Res Ipsa Loquitur”;
Defenses in a Negligence Suit;
Human Resource Risks;
Review and Update.
Part 2: The Risk Management Process (1)
Sequencing
the Process:
STEP 1: Risk Identification and Categorization;
STEP 2: Risk Quantification:
Example of Impact And Definitions.
STEP 3: Risk Strategies Identification:
4 Categories of Risk Strategies (Countermeasures):
Accept;
Manage;
Contingency plan;
Reduce.
Risk Strategies;
Risk Acceptance;
Risk Management;
Contingency Planning;
Risk Reduction;
Risk Transferring;
Insurance:
Example of Insurance.
Risk Reduction Control.
STEP 4: Implementation Of Strategies:
Residual Risk;
The Risk Register.
STEP 5: Monitoring And Reviewing Results Of Risk Mitigation
Measures:
Continuous Risk Management (CRM);
Risk
Assessment And Manifestation Of Reality;
Crawford’s
Risk Analysis And Base 10: Probability vs Risk Magnitude.
Part 3: The Risk Management Process (2)
Sequencing the Process:
Conducting a Financial Risk Assessment.
The Process of Financial Risk Assessment (1);
Products of a Financial Risk Assessment:
Expand;
Contract;
Pursue External Growth;
Grow Organically;
Enter Joint Venture;
‘Go-It-Alone’.
Formal Risk Assessment Techniques and Measurements:
Conditional Value at Risk- CVaR;
Loan-to-Value Ratios;
Credit Analysis;
Credit Rating;
Credit Rating Agencies.
Financial
Risk Assessment and Manifestation Reality:
Richter
Earthquake Magnitude
Scale;
Crawford’s
Risk Analysis and Base 10: Probability VS ‘Risk Magnitude.
Managing Financial Exposure Risk;
Risk Management Tools:
Forward Contracts;
Option Contracts;
Futures Contracts;
Corporate Governance;
Diversification.
Managing Risk With Forward Contracts:
Forward Contracts: Payoff Profiles;
Profits for Forward Contracts.
Financial Method Of Measuring Risk:
Standard Deviation;
Beta;
Alpha;
Treynor Index;
Style Analysis;
R-squared.
Quantifying Financial Risk;
Interest Rate Derivatives Market;
Equity Risk;
Identifying and Measuring Currency/Exchange Rate Risk;
Measuring Currency or Exchange Rate Risk.
Part 4: Risk, National Insurance and Social Security (1)
National Insurance:
What constitutes National Insurance?;
Worker Contribution to National Insurance;
Employer Statutory Contribution to National Insurance;
Measures to Facilitate the Maintenance of Statutory National
Insurance Contributions;
Retirement Benefits;
Death benefits
Unemployment Benefits;
Operationalising Unemployment Benefit Program: The Ghanaian
Example;
Problems Plaguing the Viability of National Insurance Viability:
Ageing Population;
Improved Longevity;
Increased Unemployment;
Increased PSBR;
Inflation; Stagnation and Deflation.
Problem Resolution and their Sustainability
Part 5: Risk, National Insurance and Social Security (2)
Social Security Provision:
Possible Social Security Coverage:
Hospitalisation;
Approved Prescription Drug;
Unapproved Prescription Drugs;
Simple Surgery;
Complex Surgery;
Financial Position of the Social Security System.
Operationalising of Social Security: Growing Concerns;
Proposed Solutions to Pertinent Problems.
Risk Mitigation Approaches:
Risk Elimination or Avoidance;
Risk Mitigation: Planning, Execution and Monitoring;
Risk Mitigation Approaches;
Underwriting Standards:
Definition
of ‘Underwriting Standards’.
Part 6: Risk, National Insurance and Social Security (3)
Insurance;
Branches of Insurance - Successful transactions;
Building Blocks of an Insurance Premium;
Mathematical Basis for Insurance – Example:
Additional Concept:
Costs to Society;
Insurance Benefits to Society;
Insurance Functionality.
Risk – Classification;
Benefits Compared to No Insurance;
Social or Private?;
Employee Benefit Plans;
Risk Management Process;
Identify Potential Loss Exposures;
Measure Potential Loss Exposures;
Risk Handling Techniques;
Loss Control – Reduction;
Loss Transfer;
ERM – Integrated Framework;
ERM – Recent Loss Events;
Agency Law;
Insurance Occupations:
Insurance Agent and Broker;
Agent’s Authority;
Types of Insurance Agents:
Insurance Brokers;
Comparison of Agents and Brokers:
Distribution of Insurance Property and Liability;
Distribution of Insurance Life Insurance.
Loss Adjuster or Claims Investigator:
Loss Adjuster.
Underwriter;
Actuary;
Accountant:
Accounting Standard.
Lawyer;
Other Occupations.
Asset/Liability Management Hedging;
Diversification.
Part 7: Risk, National Insurance and Social Security (4)
Derivatives Trading:
Derivative;
Equity Derivative;
Weather Derivatives.
Reinsurance or Syndication:
Reinsurance Loss Splitting;
Reinsurance Prorata Loss Splitting $500,000 LOSS;
Reinsurance Excess-of-Loss Loss Splitting;
Reinsurance and Risk Management;
Reinsurance Providers.
Due
Diligence Investigation:
What Is a
Due Diligence Investigation?;
Applications of Due Diligence;
Inclusions
in Due Diligence Investigations.
Part 8: Financial Exposure as Risk
Foreign Exchange Exposure
Foreign Exchange Exposure vs. Foreign Exchange Risk
Economic Exposure:
Channels of Economic Exposure;
Types of Economic Exposure:
Asset Exposure;
Operating Exposure.
An Illustration of Operating Exposure;
Some Strategies to Manage Operating Exposure:
Selecting Low Cost Production Sites;
Flexible Sourcing Policy;
Diversification of the Market;
R&D Efforts and Product Differentiation;
Financial Hedging.
To Hedge or not to Hedge?;
Hedging Strategies;
Management of Economic Exposure;
How To Measure Economic Exposure
Transaction Exposure:
Some Strategies to Manage Transaction Exposure;
Hedging through Invoice Currency;
Hedging via Lead and Tag.
Translation Exposure:
Translation Risk;
Perception and Calculation.
Part 9: Financial Risk and Unpredictability: Uncontrollable
Environment Issues
Asset
Behavior and Pricing Implication;
Video - Asset Management;
Sovereign Wealth Fund and International Investment;
Bank for
International Settlement (BIS): Basel 3 Agreement:
A Global
Regulatory Framework for More Resilient Banks and Banking
Systems;
The
Liquidity Coverage Ratio and liquidity risk monitoring;
The Net
Stable Funding Ratio
Credit and Counterparty Risk;
The Legal and Political Risk Environment;
Risk as an Economic Factor;
Technological Risk Factor;
Risk Associated with Socio-Cultural Change.
Part 10: Business Continuity: Disaster Recovery Planning (1)
Business Continuity Planning (BCP):
What is Business Continuity?;
What is Business Continuity Planning?.
Disaster Recovery Planning;
Disaster Defined;
Types of Disasters;
Effects of Disasters:
Effects of Disasters – Internal;
Effects of Disasters – External.
Business Continuity Planning;
Disaster Recovery Planning;
Why Plan?;
Establishing the Team;
Getting Management Support;
Need for Departmental Support;
Team Members;
DR Team Sub-Teams;
Characteristics of Team Members;
External Team Members;
Notification Directory;
Securing/Preparing Resources;
Team Tasks.
Part 11: Business Continuity: Disaster Recovery Planning (2)
Defining Risk;
Choosing Assessment Method;
Matching Response to Threat;
Setting Priorities;
Using Risk Assessment Results;
Disaster-based Risk Assessment;
Asset-based Risk Assessment;
Business Impact;
Business Impact Analysis;
OCTAVE Risk Assessment;
Identifying Critical Assets;
Business Functions;
Business Processes;
Identifying Functions/Processes;
Prioritizing DR Planning Efforts;
Determining What to Recover When Conducting Dependency Analysis;
Disaster Declaration Criteria;
Data Backup.
Part 12: Business Continuity: Disaster Recovery Planning (3)
Information as Asset;
Recovery Site Alternatives;
Recovery Site Agreements;
Recovery Site Selection Criteria;
Design Recovery Solution;
Documents Needed by Discovery Resolution Team;
Contact Information Needed;
Evaluate Support;
Emergency Operations Center;
Create Data Backups;
Create the Recovery Plan;
Upstream Relationships;
Downstream Relationships;
Directing the Discovery Resolution Team;
Steps After Recovery;
Emergencies during Discovery Resolution;
Identify Gaps in Discovery Resolution Plan;
Identify Discovery Resolution Risks;
Rehearsing the Discovery Resolution Plan;
Applying Change Control;
Manage/Document the Discovery Resolution;
After the Discovery Resolution Test;
Threat Determination;
Threat Classification;
Addressing Threats.