The purpose of this course is offer Chief Risk Officers, Directors of Risk and Heads of Risk at large companies and financial institutions an overview of best-practice in relation to their roles within their companies. Participants will learn how to develop the entire risk structure within an organization and how to restructure an existing one. This includes their learning how to guide their boards in the creation of an effective board risk committee equipped with a risk charter and appropriate functions. This also includes participants learning how to define their own roles and the roles of their subordinates in relation to the board, the CEO and other executive functions. Participants will learn how to design and staff their risk functions with the right people, possessing the right skills—even learning how to deal with consultants, temporary and interim staff as well as expatriate executives. The course then takes participants on the journey through understanding what CROs need to know, how they should interact with the executive committee (EXCO) and CEO on a regular basis, what compliance initiatives they should understand, what tools and techniques they will need to grasp and what initiatives they will need to undertake to be effective and superlative in their roles.
Key course highlights include:
- Step-by-step guidance for participants in how to design, develop, establish and implement an entire, enterprise-wide risk function from the board-level down to detailed operations
- Learning how to guide and instruct the board in the formation or restructuring of the risk committee
- Learning how to work with and advise the CEO and Executive Committees (EXCO)
- Learning how to develop the personnel and management structure of a risk function, from hiring, tooling and training to the equipping of risk analysts with the appropriate systems
- Learning what new tools and applications are necessary for the CRO to understand within modern, enterprise risk management frameworks, such as predictive analytics, market intelligence, IT risk, reputation/social media risk management & environmental risk management
- Understanding systems and software selection, including how to deal with outside vendors and how to make the “buy or build” decision
- Discovering which duties are “risk-related” and which are not: in particular, distinguishing between risk management and credit functions and operations functions
- Understanding Internal Capital Adequacy Assessment Process (ICAAP) development as a major initiative
- Learning the essentials of overseeing validation and testing of risk models
- Understanding the essentials of stress testing
- Learning the key elements involved in risk reporting
Who Should Attend?
This course has been carefully designed for the benefits of:
- Existing and aspiring CROs
- Heads of Risk Management
- Risk Directors
|Johannesburg Hotel, Johannesburg, South Africa
||Nov 03 - 07 Nov, 2014
The course instructor is an experienced executive, Chief Risk Officer (CRO), board member and consultant. He is the founder and CEO of a consulting firm that conducts investment due diligence of corporates and banks, specialising in emerging and frontier markets. He is a sought after speaker on risk oversight, strategy and corporate governance but has also trained numerous management teams in predictive analytics, market intelligence acquisition and internal model development for Basel II & Basel III purposes.