This training program will review a few ways to ensure that a financial institution reviews things from the start and consistently, in setting up a risk management framework that allows the bank to focus on its strategy rather than mere compliance.
Why Should You Attend
This course will highlight several types of embezzlement, how it can be committed and by whom. It will enable participants to identify:
This webinar will provide an overview of what it takes to set up an up-to-date full and consistent risk management framework within a financial institution, beyond compliance.
Risk management frameworks have been set up by incremental touches, each due to the occurrence of risks or to the emergence of new risk regulation. The present overflow of regulatory constraints mean that most banks are too busy to comply, and have to give a lower priority to optimizing their risk management practices.
In this webinar, we try to take things back from the start, and, after a review of regulatory constraints, highlight a few strategic areas for a review of risks.
Areas Covered in the Webinar
- Governance, risk management and compliance
- Setting up of roles and responsibilities
- Defining and documenting processes
- Writing the risk management handbook
- Handling the trading room
- Stress-testing the risk management program
- Defining the risk appetite
- Risk culture
- Integrated risk management
Who Will Benefit
- Internal and external audit professionals
- Governance, risk management and compliance officers
- Bank and financial institution auditors
- Controllers and corporate managers
- Forensic and management accountants, accounts payable and financial analysts
- Certified fraud examiners and other anti-fraud professionals
- People involved with risk in financial institutions
Most financial institutions, at least publicly, claim to know the risks they are incurring, whilst taking very few of these, in a prudent fashion. Apart from the waste of resources, this implies that most banks miss opportunities. Moreover, banks and their regulators have concentrated their strategies for handling risks, mostly into capital requirements, and often in a punitive way. This, however, has not prevented a regular strain of large losses from banks of any size and degree of complexity. The financial system has had its share of failures of risk management, and little indicates an end to it. This course will review a few ways to ensure that a financial institution reviews things from the start and consistently, in setting up a risk management framework that allows the bank to focus on its strategy rather than mere compliance.
Fred Vacelet, MBA, FRM/PRM, CTM, IFQ, is an international financial risk management consultant with an expertise in risk management methodological frameworks. His experience spans around 25 years, advising banks and software houses on risk management. Mr. Vacelet holds various degrees, including a business degree from London Business School, England, with post-graduate studies at the Technische (then West)-Berlin, Germany and Keio (Japan) universities. He is a published author on risk management and Basel Accords, and a regular speaker at conferences. He writes and presents training courses and workshops on risk management and Basel II/III.