Financial Risk Management



Course Objectives

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
Course outline

  • 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

المواعيد المتاحة

دبى
من 25-11-2024    الى 29-11-2024