Enterprise Risk Management (erm) In Financial Institutions Training Course

Introduction

Enhance your expertise in navigating the complex risk landscape of the financial industry with our comprehensive ERM in Financial Institutions Training Course. This program equips you with the essential knowledge and skills to implement effective strategic risk frameworks and adhere to globally recognized standards such as COSO and ISO. Mastering Enterprise Risk Management (ERM) is crucial for financial institutions to ensure stability, optimize performance, and maintain stakeholder confidence. Our financial risk management training course provides in-depth guidance and practical applications for developing and implementing robust ERM systems.

This ERM in Financial Institutions training course delves into the core principles of ERM, focusing on the specific challenges and opportunities within the financial sector. You will gain expertise in identifying, assessing, and mitigating various risks, including credit, market, operational, and systemic risks. Furthermore, you will learn to align risk management strategies with your institution's overall objectives, ensuring sustainable growth and regulatory compliance. Whether you are a risk manager, compliance officer, or senior executive, this strategic risk management course will provide you with the tools and knowledge to foster a risk-aware culture and drive sound decision-making.

Target Audience:

• Risk Managers
• Compliance Officers
• Internal Auditors
• Bank Examiners
• Financial Analysts
• Portfolio Managers
• Senior Executives

Course Objectives:

• Understand ERM principles in financial institutions.
• Implement strategic risk frameworks.
• Apply COSO ERM standards.
• Apply ISO 31000 standards.
• Identify key risks in the financial sector.
• Assess and measure financial risks.
• Develop risk mitigation strategies.
• Integrate ERM with business strategy.

Duration

5 Days

Course content

Module 1: Introduction to ERM in Financial Institutions

• Understanding ERM principles in financial institutions.
• Defining Enterprise Risk Management (ERM) and its importance.
• Exploring the evolution of risk management in the financial sector.
• Understanding the benefits of ERM for financial institutions.
• Examining the regulatory landscape and ERM requirements.

Module 2: Strategic Risk Frameworks

• Implementing strategic risk frameworks.
• Developing a comprehensive ERM framework.
• Aligning risk management with business objectives.
• Establishing risk appetite and tolerance levels.
• Integrating ERM into strategic planning processes.

Module 3: COSO ERM Standards

• Applying COSO ERM standards.
• Understanding the COSO ERM framework and its components.
• Applying COSO principles for effective ERM.
• Integrating COSO ERM with internal controls.
• Evaluating and improving ERM effectiveness using COSO.

Module 4: ISO 31000 Standards

• Applying ISO 31000 standards.
• Understanding the ISO 31000 risk management process.
• Implementing ISO 31000 guidelines for risk assessment.
• Applying ISO 31000 in risk treatment and monitoring.
• Adapting ISO 31000 to the financial industry.

Module 5: Key Risks in the Financial Sector

• Identifying key risks in the financial sector.
• Analyzing credit risk and counterparty risk.
• Assessing market risk, including interest rate and currency risk.
• Evaluating liquidity risk and funding risk.
• Understanding operational risk and its impact.

Module 6: Risk Assessment and Measurement

• Assessing and measuring financial risks.
• Developing risk identification methodologies.
• Applying qualitative and quantitative risk assessment techniques.
• Using statistical models for risk measurement.
• Conducting stress testing and scenario analysis.

Module 7: Developing Risk Mitigation Strategies

• Developing risk mitigation strategies.
• Implementing risk response options (e.g., avoidance, transfer, mitigation, acceptance).
• Using hedging and other risk transfer mechanisms.
• Establishing effective internal controls.
• Developing contingency plans and business continuity strategies.

Module 8: Integrating ERM with Business Strategy

• Integrating ERM with business strategy.
• Aligning risk management with performance management.
• Fostering a risk-aware culture within the organization.
• Enhancing communication and reporting of risk information.
• Monitoring and reviewing the ERM framework.

Training Approach

This course will be delivered by our skilled trainers who have vast knowledge and experience as expert professionals in the fields. The course is taught in English and through a mix of theory, practical activities, group discussion and case studies. Course manuals and additional training materials will be provided to the participants upon completion of the training.

Tailor-Made Course

This course can also be tailor-made to meet organization requirement. For further inquiries, please contact us on: Email: info@skillsforafrica.org, training@skillsforafrica.org  Tel: +254 702 249 449

Training Venue

The training will be held at our Skills for Africa Training Institute Training Centre. We also offer training for a group at requested location all over the world. The course fee covers the course tuition, training materials, two break refreshments, and buffet lunch.

Visa application, travel expenses, airport transfers, dinners, accommodation, insurance, and other personal expenses are catered by the participant

Certification

Participants will be issued with Skills for Africa Training Institute certificate upon completion of this course.

Airport Pickup and Accommodation

Airport pickup and accommodation is arranged upon request. For booking contact our Training Coordinator through Email: info@skillsforafrica.org, training@skillsforafrica.org  Tel: +254 702 249 449

Terms of Payment: Unless otherwise agreed between the two parties’ payment of the course fee should be done 7 working days before commencement of the training.