Effective Risk Management for Board Members & Executives
- 0 (Registered)
Since the global financial crisis, corporate board members and senior staff have been under pressure to enhance their understandings of risk management.
In the UK this has been formalized into law through the Corporate Governance Code, and similar measures are taking root across the globe. In particular, non-executive directors are now required by most large institutions to demonstrate some understanding of risk management to undertake oversight responsibilities.
This course is designed to help you understand how to respond to this challenge.
This course will walk participants through each of the essential processes of financial and operational risk management highlighting areas where they must be in a position to challenge the risk management function.
We then give considerable attention to the formation of the board’s risk sub-committee, discussing when it should take form, how it should make style and how it should function concerning the board’s audit committee in particular.
Participants should leave the course with some confidence that they understand the scope and purpose of risk management in their organization as well as with some ability to take a critical stance while executing their oversight duties.
In this 3-day course participants are shown:
• The intended role of directors and senior executives in overseeing, understanding and leveraging risk management
• The envisaged role of directors in light of the Walker Report, OECD reports, The Turner Review and other commentaries
• How to establish executive risk management committees
• How to establish a risk profile and risk appetite
• The purpose, process, and function of the core risk areas: credit, market and operational
• How to understand these risk exposures in relation to the company’s overall core business operations
• How information from these functions should be reported and technological and IT considerations
• Primary questions to ask of risk management heads during the oversight process
• How and when to form a risk committee
• How the risk committee should be structured and function in relation to other committees, particularly the audit committee
• Risk management within the context of major initiatives (e.g., Basel III and its Internal Capital Adequacy Assessment Process (ICAAP)
This course is endorsed by GARP.
You might be interested in another Management programs as a next step.
We have gathered a team of professionals who are committed to helping you excel professionally. With our in-depth expertise and exposure in different sectors, the professionals at Strategic Axis have skills that are second-to-none.