Transforming Risk Framework & Developing an Effective Risk Culture

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Overview

FTS Eligible - Financial Training Scheme for Singaporean citizens and PRs only (more information)

Course Objectives

The three day course examines the viewpoint that traditional risk management models, particularly those in financial services, have proven themselves to be lacking and are increasingly being scrutinized by stakeholders and regulators who are demanding a wide ranging overhaul of financial conduct and to foster a stronger and more effective risk culture.

Following the 2008 financial crisis where there were demonstrably many systematic and idiosyncratic business failures – many arising from ineffective risk management systems – pressure has been brought to bear by financial regulators, capital providers and other interested parties to radically re-think and improve corporate risk culture. The pressure to reform risk culture and to strengthen financial regulation has been further fuelled by the notion that too many institutions are deemed too big to fail - putting public balance sheets at risk. In addition this critique has been given added impetus by the widespread criticism that many institutions may be too big for their managements and boards to fully understand, and that financial instrument complexity poses incalculable systemic risks.

Focus on a spate of egregious conduct, including criminal activities – as with the manipulation of LIBOR, mis-selling of securities, market abuse, money laundering, rogue trading etc. – has produced a growing distrust by the public of certain parts of the financial sector. Recently, public policy makers in many parts of the world have been directing attention towards greater emphasis on macro prudential risk management and supervision of financial conduct. An understanding of these public policy initiatives and their implications is clearly vital for those engaged in banking, asset allocators and risk managers.

The course will be on leading edge practice in risk management and there will be case studies illustrating where, on the one hand, conventional risk management techniques have been deficient and, on the other, where a new focus on inculcating a stronger focus on a corporate culture’s approach to risk has resulted in enhanced outcomes.

Methodology

The course covers three days of lectures and the focus will be on real world examples and case studies. There will be numerous opportunities for delegates to participate in collective discussions and scenario analysis.

Computer-based Exercises

A reading list will be submitted to course participants prior to the course and certain texts, indicated in the outline, will be required preparatory reading. Modeling tools will also be offered to delegates and there will be worked examples in Excel, as well as other executable files will be provided on a CD. All delegates should bring a laptop loaded with Microsoft Excel® 2010 or later to facilitate in-class studies and exercises.

FTS Eligible

This programme is approved for listing on the Financial Training Scheme (FTS) Programme Directory and is eligible for FTS claims subject to all eligibility criteria being met.

Please note that in no way does this represent an endorsement of the quality of the training provider and programme. Participants are advised to assess the suitability of the programme and its relevance to participants' business activities or job roles.

The FTS is available to eligible entities, at a 50% funding level of programme fees, subject to a cap of $2,000/participant/programme and all eligibility criteria being met. FTS claims may only be made for programmes listed on the FTS Programme Directory with specified validity period. Please refer to www.ibf.org.sg for more information.

Credited by GARP - Global Association of Risk Professionals (GARP)

Who should attend

 

The course is designed to be beneficial for the full spectrum of management personnel, including senior executives, working within the banking sector, asset management companies, sovereign wealth funds, pension funds, hedge funds, as well as private client advisors and those engaged in risk controls in middle and back office functions within the financial services sector. In particular the course should also be especially useful for those in compliance, human resources and risk management.

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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.

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  • 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