Day 1
Session 1: Introduction to ERM
Enterprise Risk Management Defined
Achievement of Objectives
Components of Enterprise Risk Management
Relationship of Objectives and Components
Encompasses Internal Control
Session 2: Risk Management Framework
Major Types of Risks in Financial Institutions:
Credit Risk
Operational Risk
Market Risk
Liquidity Risk
Governance/Regulatory Risk
Risk management process
Risk Management Tools & Techniques
Risk identification and mitigation techniques
Capital Adequacy and Basel Concept
Stress Testing
Hedging and diversification
Internal Controls
Group Exercise: Calculating Capital Adequacy under multi-factor stress testing scenario
Day 2
Session 3: ERM Framework
ERM Framework
COSO ERM framework
Goals of an ERM program
Common challenges in ERM implementation
Session 4: Implementing ERM
Effective Risk Monitoring, Metrics and Reporting Processes
Pragmatic Risk Appetite and Tolerance Framework Integration of Risk Management with Strategic Decision-Making
Management of Emerging and Interrelated Risks
Case Discussion: Implementing ERM framework
Session 5:The Risk Indicator
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