"> ENTERPRISE RISK MANAGEMENT FOR FINANCIAL INSTITUTIONS | Africa Risk Institute

ENTERPRISE RISK MANAGEMENT FOR FINANCIAL INSTITUTIONS

About Course

An enduring lesson from most case studies is the dire need for Risk Management professionals to take the discipline beyond a “box-ticking compliance-based exercise” and evolve it into a culture that is deeply rooted in the mind and behaviour of all employees. This approach ensures that every person in the organization becomes a risk manager and therefore effectively contributes to the overall management of critical risks affecting the business. This course has been carefully developed taking into account the vital lessons learnt from historical Case Studies and is based on a comprehensive and integrated framework that ensures that participants are equipped to address all and every aspect of Risk Management at their Financial Institutions and its environment. This approach by default addresses the Risk Management objectives of different various stakeholders within the institution

Description

The need for ERM in the financial services sector, as with other business sectors, is driven by external and internal pressures. Some of the external pressures are common to all businesses—calls for corporate governance reforms from stock exchanges, accounting bodies, institutional investors, and government regulators in countries around the world. Other external pressures, are particular to the financial services sector. They come from bank and insurer regulators and legislators who want to assure that policyholders and customers—as well as the financial system as a whole—are protected from unwarranted risks, even as the industry is deregulated

 

 

 

Venue - Nairobi Date: February 10-14

What Will I Learn?

  • UNDERSTAND how to improve profits and performance through better alignment of strategy, risks and returns
  • GAIN A HOLISTIC VIEW of the full spectrum of risks throughout your financial institution, and manage risks more effectively as an interrelated portfolio rather than as individual “silos”
  • • IDENTIFY, ASSESS AND ADDRESS risks and opportunities in a proactive manner, thus protecting and maximizing value for the stakeholders
  • • INTEGRATE ERM into strategy-setting and day-to-day operations for long-term growth and sustainability
  • • LEARN from various case studies on the impact of poor Risk Management practices.
  • • NETWORK with other Risk Management professionals in a fun environment and benchmark your Risk Management knowledge with your peers.
  • • ATTAIN capability to drive enterprise value through risk management

Topics for this course

40h

Background, Definitions and benefits of Risk Management

A critical review of the major risk types

The concept of Enterprise Risk Management (ERM) – definition, attributes, as well as key elements and foundations required to obtain organizational buy-in and support

Using International Standards to implement ERM – ISO 31000/COSO/OCEG/Others including comparisons between the various Standards

A detailed review of the background and scope of ISO 31000 and its use in developing a robust Risk Management framework as well as an effective Risk Assessment methodology

A detailed review of Culture and its importance in ERM

The relationship between Internal Audit and ERM

Corporate Governance as part of ERM

Supervision and the Internal Capital Adequacy Process (ICAAP) as well as The Internal Liquidity Adequacy Assessment Process (ILAAP)

Enterprise Risk Management and Economic Capital

A critical review and appreciation of the various specialized “Risk Management Processes” inter alia Business Continuity Management; Information Security Risk, Health and Safety, Environmental Risk, Quality Management, AML/CTF, Compliance and Regulatory reporting, etc

A detailed review of commonly used Risk Management tools and their practical implementation – including Risk Registers, Control Risk Self Assessments, Key Risk Indicators, Loss Databases, Incident Registers, etc

Integrating ERM into Strategic and business planning as well as Performance Management

• Risk Reporting – designing reporting structures and content suitable to the various stakeholders – Dashboards building for senior Executives, Board and Management – what information should the reports contain.

About the instructors

Samwel brings on board over 5 years consulting and project management experience across geographies and a deep understanding of stakeholder management in his Risk Management engagements. Notably, he has successfully coordinated global digital transformation projects, undertaken strategic marketing projects, and delivered on financial risk management assignments for a variety of clients operating in financial, healthcare and energy industries. His track record is a testament to his problem-solving abilities with a view to develop win-win solutions with both his team and project stakeholders. He qualified as a Financial Risk Manager (FRM) in 2011 while still in college and later joined KPMG as a Risk Management consultant. He worked at KPMG until 2015 when he voluntarily left to pursue his MBA in China. Upon conclusion of his MBA, he worked overseas on challenging assignments involving strategy and change management. He returned to Kenya in 2019 and re-joined KMPG but has since left to concentrate on his personal engagements. Samwel trains on FRM qualification as this has been his passion since the time he qualified.
0 (0 ratings)

3 Courses

0 students

Kefa has over 20 years senior-level experience in banking, finance and risk management. He holds a diploma in Risk Management in Finance and Banking (RMIFB) from Sweden and is an Associate of the Chartered Institute of Bankers. He has a unique resume that combines practical experience in Banking and Financial advisory. In Banking, he held various relevant senior level positions including credit analyst, internal auditor, branch manager, relationship Manager, remedial and recovery manager, and Head of Credit Risk Management. He also served on various management and board Committees within the Banking industry related to Credit Risk Management, among others. In advisory; he has developed a reputation as an accomplished trainer and consultant who has carried out various assignments in Risk Management in Zimbabwe, Eswatini, Botswana, Zambia, Kenya, Uganda, Rwanda, Tanzania, Ethiopia, and Sierra Leone, among others. His training assignments have been in diverse areas of Banking including Trade Finance, Credit risk management, enterprise risk management, and operational risk management, among
0 (0 ratings)

3 Courses

0 students

0 (0 ratings)

3 Courses

2 students

$1,650.00 $1,500.00

Material Includes

  • Participants will be given notes as well as the powerpoint presentation used by the facilitator. The course will include videos and case studies.

Requirements

  • The entire training is designed as an adult-learning workshop with short lectures, case studies, group work and presentations, and sharing of experiences.

Target Audience

  • CEOs
  • Board Directors
  • Risk Management Professionals
  • Managers in Business Continuity Planning
  • Corporate Banking Professionals
  • Legal Professionals
  • Executives who desire to grow their knowledge in ERM to enhance their professional value
  • Risk Managers and Analysts
  • Functional Heads
  • Internal and external auditors
  • Compliance personnel
  • Regulator and supervisory professionals
  • Business Managers
  • Consultants interested in Enterprise Risk Management