The course uses interactive techniques, such as brief presentations by consultant and participants. The course also features several group exercises and simulations to help participants consolidate the learning experience.

By the end of the course, participants will be able to:

• Define the basic terms related to risk and the fundamentals of Enterprise Risk Management
• Execute a qualitative risk analysis to determine the overall risk level
• 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
• Develop effective risk-based response and decision-making strategies based on the relative priorities
• Identify risk management maturity within an organization, create a risk register, and monitor the entire process

This course has been designed for risk managers, risk owners, internal auditors, governance professionals, financial services regulators, project managers, finance managers, functional managers, senior managers, board members, and all individuals interested in Enterprise Risk Management (ERM)

• Identifying financial risks
• Assessing financial risks
• Evaluating financial risk responses
• Developing decision-making capabilities
• Monitoring and reporting financial risks

• Introduction to Enterprise Risk Management
  • Governance, Risk, and Compliance (GRC) framework introduction
  • Three lines of defense
  • Definition of risk and identification of risk types
  • Enterprise Risk Management (ERM) process
  • Definition of risk appetite
  • Introduction to financial markets and products
• Qualitative Risk Analysis
  • Brainstorming and Delphi technique
  • SWOT analysis
  • Risk probability and impact assessment
  • Heat maps and risk score
  • Risk urgency assessment
• Quantitative Risk Analysis
  • Credit risk
    • Credit analysis
    • Credit rating
    • Credit portfolio management
    • Expected Credit Loss (ECL)
  • Market risk
    • Classification of instruments and valuation methodologies
    • Value at Risk (VaR)
    • Stress testing
    • Liquidity risk
  • Operational risk
• Risk management and investment management methodologies
  • Monte Carlo simulation
  • Sensitivity and scenario analysis
  • Expected Monetary Value (EMV)
  • Risk-adjusted performance measures
• Risk Response Strategies and Decision Making
  • Secondary and residual risks: Risk response strategies
  • Calibrating Key Risk Indicators (KRIs)
  • Contingency planning strategy
  • Incident management
  • Decision tree analysis
  • Decision-making reconciled with risk appetite
• Assessment of Risk Maturity and Monitoring
  • Implementation of a risk register
  • Assessment of the risk management maturity
  • Risk-based internal audit
  • Risk reviews
  • Identification of emerging risks and future trends