Course Methodology
The course uses interactive techniques, such as brief presentations by consultant and participants. The course also features several group exercises and simulations to help participants consolidate the learning experience.
Course Objectives
By the end of the course, participants will be able to:
- Define the basic terms related to risk and the fundamentals of Enterprise Risk Management
- Execute a qualitative risk analysis to determine the overall risk level
- Perform a quantitative risk analysis by utilizing techniques such as Value at Risk (VaR), Expected Credit Loss (ECL), stress testing, scenario analysis, Monte Carlo simulations, and decision tree analysis
- Develop effective risk-based response and decision-making strategies based on the relative priorities
- Identify risk management maturity within an organization, create a risk register, and monitor the entire process
Target Audience
This course has been designed for risk managers, risk owners, internal auditors, governance professionals, financial services regulators, project managers, finance managers, functional managers, senior managers, board members, and all individuals interested in Enterprise Risk Management (ERM)
Target Competencies
- Identifying financial risks
- Assessing financial risks
- Evaluating financial risk responses
- Developing decision-making capabilities
- Monitoring and reporting financial risks
