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Risk Specialist Masterclass

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Course Overview

The Risk Specialist Masterclass is an intensive program designed to elevate your expertise in risk management. This comprehensive journey equips you with the knowledge and skills required to excel in risk assessment, mitigation, and strategic management.

Throughout the course, you will explore fundamental risk concepts and definitions, gain insights into various forms of risk, including financial, operational, strategic, and compliance risks, and learn techniques for identifying, evaluating, and prioritizing these risks.

The program focuses on risk mitigation strategies, covering avoidance, reduction, and risk transfer, alongside financial risk, operational risk assessment, and compliance considerations. It also emphasizes the principles and frameworks of enterprise risk management (ERM), highlighting its integration with organizational strategy and the role of Chief Risk Officers (CROs).

Practical application is integral, with real-world case studies and a risk management simulation. An optional certification examination is available to earn the "Certified Risk Specialist" designation.

The Risk Specialist Masterclass combines theoretical insights with practical experience, preparing you to navigate complex risk landscapes with confidence and professionalism. Join us to advance your career in risk management.

Key Takeaways

Recall key risk management concepts and types of risks.
Explain why risk management is vital across industries and its impact on organizations.
Apply risk identification techniques and prioritize risks in practical situations.
Analyze risk mitigation strategies, including avoidance, reduction, and transfer, for specific scenarios and evaluate financial risk factors and propose effective mitigation strategies.
Construct an enterprise risk management framework aligned with organizational strategy and CRO roles.

New York Institute of Finance
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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

Course Outline

Day 1: Introduction to Risk Management
Module 1: Fundamentals of Risk Management
  • Module 1.1: Key Concepts and Definitions
    • Definitions of risk and risk management
    • Importance of risk management in various industries
  • Module 1.2: Types of Risks
    • Financial, operational, strategic, compliance, and reputational risks
    • How different risks impact organizations
  • Module 1.3: Risk Identification
    • Techniques for identifying risks
    • Building a risk inventory
  • Module 1.4: Risk Assessment
    • Quantitative and qualitative risk assessment methods
    • Risk rating scales and matrices
Day 2: Risk Mitigation Strategies
Module 2: Risk Mitigation Techniques
  • Module 2.1: Risk Avoidance
    • Strategies for avoiding high-impact risks
    • Identifying when avoidance is the best approach
  • Module 2.2: Risk Reduction
    • Implementing measures to reduce the probability and impact of risks
    • Cost-benefit analysis for risk reduction
  • Module 2.3: Risk Transfer
    • Insurance and contracts for risk transfer
    • Managing third-party risk
  • Module 2.4: Risk Acceptance
    • When and why an organization might choose to accept certain risks
    • Monitoring and tolerance levels
Day 3: Financial Risk Management
Module 3: Financial Risk Analysis
  • Module 3.1: Market Risk
    • Understanding market risk and its components
    • Hedging strategies for market risk
  • Module 3.2: Credit Risk
    • Assessing credit risk in lending and investment
    • Credit risk models and mitigation techniques
  • Module 3.3: Operational Risk
    • Identifying and mitigating operational risks
    • Role of internal controls in managing operational risk
  • Module 3.4: Compliance and Regulatory Considerations
    • Compliance frameworks and standards
    • Regulatory requirements and reporting
Day 4: Advanced Risk Management
Module 4: Enterprise Risk Management (ERM)
  • Module 4.1: Principles of ERM
    • Integrating risk management into organizational strategy
    • The role of the Chief Risk Officer (CRO)
  • Module 4.2: ERM Frameworks
    • COSO ERM framework
    • ISO 31000 guidelines for risk management
  • Module 4.3: Supplementary Learning from edX
    • Explore the edX course "Introduction to Risk Management" for deeper insights and additional perspectives on risk management.
    • Discuss key takeaways and insights from supplementary materials
Day 5: Case Studies
Module 5: Practical Application
  • Module 5.1: Risk Management Case Studies
    • Analyze real-world case studies from various industries
    • Apply risk management concepts to practical scenarios
  • Module 5.2: Risk Management Simulation
    • Engage in a risk management simulation exercise
    • Make decisions and see the impact on risk 

Who Should Attend?

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.

Related Courses


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.