Exam Preparation

Risk Specialist Masterclass

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نبذة عن الدورة التدريبية

This IABFM-certified course provides participants with in-depth knowledge and up-to-date advice on best practices in risk measurement and management activities in business organizations. In addition to its focus on the most crucial risk terminologies and practicalities such as ERM, risk maps and risk-based decisions, the course covers the main types of risk faced nowadays by most business organizations such as operational risk, credit risk, liquidity risk and market risk. Using interactive tasks and real life case studies, the course also enables participants to apply the knowledge they will learn about risk measurement and management in designing effective ERM frameworks, devising comprehensive risk maps and making successful risk-based decisions which coincide with their company’s risk culture, appetite and tolerance. Moreover, participants will have the opportunity to work in teams to analyze comprehensive cases, solve practical problems and apply the concepts learnt to real world scenarios in a comprehensive risk management context.
Overall, this course aims to communicate complex concepts and sophisticated techniques of risk planning, measurement, management, reporting and disclosure in a truly interesting but highly effective way.

المخرجات الرئيسية


New York Institute of Finance
Brand Logo
The New York Institute of Finance (NYIF), located in the heart of Wall Street, is a global leader in training for financial services and related industries. Started by the New York Stock Exchange in 1922, it now trains 50,000+ professionals in over 120 countries. NYIF was first mentioned in the introduction to a book called Stock Exchange Procedure by Birl E. Shultz, PhD. In 1921: “It became evident that, for the sake of the business itself and for the sake of the thousands of young men and women employed by the Exchange and by its member firms, some method should be devised whereby they might learn the fundamentals; the reasons why they did the things which occupied their working days.” NYSE president Charles Gay, 1921. This was the inspiration behind the establishment of the New York Institute of Finance In 1922. NYIF courses cover everything from investment banking, asset pricing, insurance and market structure to financial modeling, treasury operations, and accounting. The institute has a faculty of industry leaders and offers a range of program delivery options, including virtual, self-study, online courses, and in-person classes. Its US customers include the SEC, the Treasury, Morgan Stanley, Bank of America and most leading worldwide banks. AN IMPRESSIVE HISTORY STANDS BEHIND YOUR IMPRESSIVE FUTURE

محتوى الدورة التدريبية

Part 1: Overview of Enterprise Risk Management (ERM)
Session 1
→ Definitions, Benefits and Components of ERM
→ Corporate Governance: codes of conduct, best practices and interactions between corporate governance and ERM
→ International Regulations: Basel Accords I, II & III and Solvency II
Session 2
→ Risk Mapping: risk definitions, classifications and drivers
→ Governance, Risk and Compliance (GRC) Systems
→ Data and Technology Management: data management, early warning systems, interface building, middleware, distributed architectures
Session 3
→ Stakeholder Management: employees, customers, regulators, rating agencies, shareholder service providers, business partners
→ Alternative Risk Transfer (ART) Techniques: definitions, benefits and problems of ART
→ Risk-based Decision Making: risk-based audits, ERM decisions and actions, ERM and value creation, problems with riskbased decision making
Session 4
Group and Plenary Discussions: what are the future challenges and potentials of ERM?
Interactive Tasks: design an effective ERM Framework
Comprehensive Case Studies: how to build risk maps, select ART techniques and make risk-based decisions
Part 2: Operational Risk
Session 1
→ Overview and Definition of Operational Risk: overview and foundations of the operational risk framework
→ Regulations of Operational Risk: Basel Accords I, II & III
→ Impact of the Financial Crisis
→ Risk Culture, Risk Appetite and Risk Tolerance: implementing and monitoring operational risk appetite
→ Operational Risk Governance: roles of operational risk officers and risk committees, interactions and collaborations between the operational risk and internal audit functions
Session 2
→ Internal Operational Risk Data: event Categories, business Lines, minimum loss data thresholds
→ External Operational Risk Data: sources and challenges of external loss data
→ Risk and Control Self-assessments (RCSA): approaches, scoring methods and best practices
→ Key Risk Indicators (KRIs): selection, thresholds, standards and challenges
Session 3
→ Operational Risk Regulatory and Economic Capitals: OpVaR, risk-weighted assets (RWAs), Extreme Value Theory and tail events
→ Operational Risk Measurement Approaches: Basic Indicator Approach, Standardized Approach and Advanced Measurement Approach
→ Operational Risk Insurance
→ Operational Risk Disclosures: Basel II, Pillar 3 requirements
→ Operational Risk Reporting: loss data reporting, action tracking reporting and dashboards
Session 4
Group and Plenary Discussions: what are the future challenges of identifying and quantifying operational risk exposures? How to address these challenges?
Interactive Tasks: quantify the operational risk exposure
Comprehensive Case Studies: how to measure, report and disclose on operational risk exposures
Part 3: Operational Risk and Credit Risk
Session 1: Operational Risk
→ Scenario Analysis: approaches, outputs, reports and challenges
→ Stress Testing: approaches, outputs, reports and challenges
→ Governance, Risk, and Compliance (GRC): converged or GRC reporting
→ Reputational Risk: regulatory oversight of reputational risks, reputational risk management framework
→ Fraud Risk: internal fraud, external fraud, anti-fraud regulations and best practices
Session 2: Operational Risk
Group and Plenary Discussions: how can risk professionals enhance the effectiveness of related risk management activities such as legal and regulatory risk management, people risk management, technology risk management and strategic risk management?
Interactive Tasks: perform a scenario analysis of real life situations
Comprehensive Case Studies: how to do a plausible stress testing
Session 3: Credit Risk
→ Short-Term Exposure to Changes in Market Prices: credit instruments, models of shortterm credit exposure, risk reporting for market credit exposures
→ Modelling Single-Name Credit Risk: estimating the Probability of Default (PD), Loss Given Default (LGD) and Amount Owed at Default (AOD), The OptionTheoretic Approach
→ Portfolio Credit Risk: estimating default correlations, Monte Carlo simulation, computational alternatives to full simulation, risk reporting for portfolio credit exposures
Session 4: Credit Risk
Group and Plenary Discussions: what are the recent innovations in credit instruments and their risk implications?
Interactive Tasks: estimate PD, LGD and AOD in real life situations
Comprehensive Case Studies: how to impellent best practices in managing and reporting on portfolio credit risk
Part 4: Credit Risk and Liquidity Risk
Session 1: Credit Risk
→ Definition and Scope of Multiname Credit Derivatives
→ Modelling of Multiname Credit Derivatives
→ Risk Management and Reporting for Multiname Credit Derivatives
→ Collateralized Debt Obligation (CDO) Tranches and Systematic Risk
Session 2: Credit Risk
→ Counterparty Credit Risk
→ Exchange-Traded Derivatives
→ Over-the-Counter Derivatives: the LoanEquivalent Approach, Collateralization Approach and Active Management Approach
Session 3: Liquidity Risk
→ Liquidity Risk
→ Monitoring Liquidity, Liquidity Buffer and Term Structure of funding
→ The Links between Credit Risk and Liquidity Risk
→ Cost of Liquidity and Fund Transfer Pricing
→ Liquidity Risk and the Cost of Funding in Derivative Contracts
Session 4: Credit Risk and Liquidity Risk
Group and Plenary Discussions: how to jointly manage credit risk and liquidity risk to maximize value created?
Interactive Tasks: build a comprehensive credit risk management and reporting framework
Comprehensive Case Studies: how to effectively use derivatives to manage both credit risk and liquidity risk
Part 5: Market Risk and Final Exam
Session 1
→ Model Risk: model risk evaluation and control, model verification of deal representation, model verification of approximations, model validation, continuous and periodic reviews
→ Liquid and Illiquid Instruments: choice of model validation approach, choice of liquid proxy, design of Monte Carlo simulation, implications for marking to market and risk reporting
→ Spot Risk: foreign exchange spot risk, equity spot risk, physical commodities spot risk
Session 2
→ Forward Risk: financial instruments, mathematical models, risk reporting
→ Vanilla Options Risk: path dependence of dynamic hedging, simulation of dynamic hedging, delta hedging, volatility surface, risk reporting
→ Exotic Options Risk: single-payout options, time-dependent options, path-dependent options, correlation-dependent options, correlation-dependent interest rate options
Session 3
Group and Plenary Discussions: how can risk professionals cost-effectively minimize model risk?
Interactive Tasks: apply dynamic and delta hedging and build a volatility surface in real life situations
Comprehensive Case Studies: how to timely and fairly report on market risk exposures and management practices
Session 4
Open Discussion on the Five-day Event
Q & A between the Trainer and Participants
Final Exam

على من يجب الحضور؟

This highly practical and interactive course has been specifically designed for
This course is suitable for many different types of risk analysts, managers and audit staff. It covers the entire risk management landscape drawing on different aspects of risk and delivers complex topics in an easy to understand manner:
→ Corporate treasury Managers in banks & corporations
→ Risk Managers/Analysts
→ Finance Directors
→ Financial Controllers
→ Finance Managers
→ Accountants
→ Dealers
→ Operational Risk Staff
→ Market Risk Staff
→ Brokers
→ Internal Auditors
→ External Auditors
→ Plus anyone who is responsible for analyzing company financial risk and dealing with the various risk exposures that may affect their organization.

الدورات ذات الصلة


What language will the course be taught in and what level of English do I need to take part in an LEORON training program?
Most of our public courses are delivered in English language. You need to be proficient in English to be able to fully participate in the workshop and network with other delegates. For in-house courses we have the capability to train in Arabic, Dutch, German and Portuguese.
Are LEORON Public courses certified by an official body/organization?
LEORON Institute partners with 20+ international bodies and associations.We also award continuing professional development credits (CPE/PDUs) for:1. NASBA (National Association of State Boards of Accountancy) 2. Project Management Institute PDUs 3. CISI credits 4. GARP credits 5. HRCI recertification credits 6. SHRM recertification credits
What is the deadline for registering to a public course?
The deadline to register for a public course is 14 days before the course starts. Kindly note that occasionally we do accept late registrations as well, but this needs to be confirmed with the project manager of the training program or with our registration desk that can be reached at +1071 4 1075 5711 or [email protected].
What does the course fee cover?
The course fee covers a premium training experience in a 5-star hotel, learning materials, lunches & refreshments, and for some courses, the certification fee and membership with the accrediting bodies.
Does LEORON give discounts?
Yes, we can provide discounts for group bookings. If you would like to discuss a discount on a corporate level, we will be happy to talk to you.