Effective Product Development & Risk Management

3 days 8-10 May 2017, London UK £3,645.00 + VAT* Download brochure Add to basket

* Claim back your VAT
Find out more

Request a different date or location for this course (we regularly add courses following requests).

{{alternativeRequestSuccess}}
{{alternativeRequestError}}

* Claim back your VAT
Find out more

Overview

Preview

Learn how to deliver better banking products that meet customer requirements profitably, are within risk appetite but do not create undue exposure to regulatory censure or reputational damage.

Overview

This three-day course provides participants with the knowledge and means to deliver better products by anticipating, mitigating and managing product risks. This will be done through exploring in detail the end-to-end product development process, using real life examples and case studies, as well as discussing the theoretical underpinnings of product risk identification, measurement, mitigation and management. Participants will be provided with a variety of best practice product risk management tools and techniques that can be used to enhance the product development process and on-going product risk management.

Attend this course and learn :

  • What products are and why they are different in the financial services industry
  • Why weak product development processes and controls cost bank billions
  • How business and risk management has responded and what more needs to be done
  • About product and risk types, customer types and the product lifecycle
  • What best practice product risk management looks like
  • Tools and techniques to help identify, quantify, assess, manage and mitigate product risks
  • How to enhance the end-to-end product development and implementation process

Prior knowledge

It would be helpful if participants had an understanding of the product development and management processes for their own organisation but this is not essential.

Additional requirements

None


This course is designed for:

  • Chief Risk Officers
  • Risk Function Heads
  • Senior Business Heads
  • Senior Risk Managers/Analysts
  • Senior Product Managers
  • Senior Audit Managers


Note – this course is equally applicable to staff in Wholesale, Corporate or Retail business and operations roles. It is also applicable for staff working in any risk discipline including those in credit, operational and market risk roles.

Instructors

We work with a series of expert instructors, please select the course location of interest to review the credentials of who will be delivering the programme.

London
Carl Olsson

The Course Director is an experienced and qualified banker with an international career spanning over 35 years, 20 years of which were spent working in Asia and the Middle East. During that time he has worked for leading UK banks in front line business and held risk management roles at group level interfacing with business operations on a global basis.

He has extensive experience of risk and risk management at both divisional and group levels and across a wide range of business activities and customer types including retail, SME, corporate and wealth management clients. He has been involved in the establishment and management of risk and credit risk committees up to group level as well as a member of committees at various operations levels and across a wide range of business areas.

He has a long-standing interest in training and education on risk and risk management. He is a published author, Risk Management in Emerging Markets, and is principal examiner for Module 1 of the Institute of Risk Management’s Certificate in Risk Management qualification. He currently runs his own business offering risk training and consultancy services

 

Venue

London

Central London Hotel Venue

All courses are held at four or five star venues in Central London, Zone 1. We strive to provide you with a training environment of the highest quality, to ensure that the whole learning experience exceeds your expectations.

Your training venue will be confirmed by one of our course administrators approximately 3-4 weeks before the course start date.

Related Courses

Inhouse

We can bring this course to your company's office.

If you simply want to run this course at a location convenient to you or if you want a completely customised learning solution, we can help.

We produce learning solutions that are completely unique to your business. Our tailored learning solutions are designed specifically for your organisation’s needs.

We’ll be here to support you every step of the way. From the initial consultancy through to evaluating the success of the full learning experience. We'll ensure you get the maximum return on your training investment.

Find out more

Agenda

Day 1

 
Products and Product Delivery

  • What is a product?
  • What makes banking products different?
  • Products, processes and delivery channels
  • The product lifecycle
  • The end-to-end product development and implementation process

 
Product Development and the Financial Crisis

  • The causes and consequences of the financial crisis
  • How product development failures contributed to the financial crisis
  • Mis-selling, compensation claims and reputational damage
  • Lessons learned

 
The Changing Business Environment

  • The regulatory response – Basel III and other regulatory initiatives
  • External and internal stakeholders – addressing conflicting interests
  • Customer types and changing product needs
  • Opportunities and threats in the current marketplace
  • How bank’s business strategies and product offerings are changing

  

Day 2

 
Risk Types

  • What are the main risk types?
  • Key characteristics of risk types and how they interact
  • Advantages and disadvantages of using risk types
  • Risk types and product profitability

 
Product Types and Features

  • The characteristics that differentiate product types
  • The main banking product types
  • Product types and product features
  • Delivery channels
  • Product bundles and facility packages

 
Product Risks

  • Key product risks
  • Single products multiple risk types
  • New product development and risk identification
  • Monitoring mature products for new or unexpected risks

 
Risk Appetite

  • What is risk appetite?
  • Group, business unit and product level risk appetite
  • Product features and risk appetite
  • Portfolio level risk appetite

  

Day 3

 
The End-to-End Product Development and Implementation Process

  • Initial risk assessment, review and challenge
  • Product approval 
  • Product launch and the use of pilots
  • Post launch monitoring

 
Tools and Techniques for Developing Better Products

  • Best practice product development
  • Formal and informal processes – product programmes and alternates
  • Stakeholder engagement – identifying and managing key stakeholders
  • Internal and external benchmarking
  • Lessons learned – sharing product experiences

 
Product Programmes

  • Product programmes as a value added process
  • Product programmes in detail
  • Approval processes and authorities – new and existing products
  • Monitoring and post approval of amendments

 
Product Programme Exercise 

  • Group exercise for a specific product
  • Lessons learned

 
Review and Wrap up

  • Review of key learning points
  • Delivering better products – a summary of tools and techniques
Why us


We have a combined experience of over 60 years providing learning solutions to the world’s major organisations and are privileged to have contributed to their success. We view our clients as partners and focus on understanding the needs of each organisation we work with to tailor learning solutions to specific requirements.

We are proud of our record of customer satisfaction. Here is why you should choose us to help you achieve your goals and accelerate your career:

  • Quality – our clients consistently rate our performance ‘excellent’ or ‘outstanding’. Our average overall score awarded to us by our clients is nine out of ten.
  • Track record – we have delivered training solutions for 95% of worlds’ top 100 banks and have trained over 250,000 professionals.
  • Knowledge – our 150 strong team of industry specialist trainers are world leading financial leaders and commentators, ensuring our knowledge base is second to none.
  • Reliability – if we promise it, we deliver it. We have delivered over 20,000 events both in person and online, using simultaneous translation to delegates from over 180 countries.
  • Recognition – we are accredited by the British Accreditation Council and the CPD Certification Service. In an independent review by Feefo we scored 96% on service and 95% on product