This BFSI compliance training will help attendees better understand and learn the requirements of an effective and efficient Enterprise Risk Management (ERM) program in banks and financial institutions. It will cover leading ERM standards and guidelines and also highlight its issues and major elements.
This webinar will discuss the practicality of the ERM principles and the implementation factors with each of them and will also identify and discuss those key players that are responsible for a successful bank ERM management structure. It will strengthen your respective roles in your institution for improvement in your approach towards ERM.
This course will highlight the issue of Enterprise Risk Management (“ERM”) for banks and financial institutions. The ERM structure is outlined in best practices and standards including the Committee of Sponsoring Organizations (COSO) and Bank of International Settlements (BIS). These standards are based on best industry practice, supervisory experience and cover three overarching themes: guidance, issues and solutions. It will also look at the summary of the value in ERM for financial institutions, the principles and the implementation factors to consider as well as the major elements of ERM. Also, it will identify responsibilities for a successful ERM system.
Why Should You Attend:
Banks that do not manage risks at the level of the enterprise, can suffer greater damage from a risk if it is not addressed at the entity-level. The presented standards and guidelines as well as the sharing of current issues and concerns in banks will help us understand and learn from past risk failures.This webinar will discuss the practicality of the ERM principles and the implementation factors with each of them and will also identify and discuss those key players that are responsible for a successful bank ERM management structure. It will strengthen your respective roles in your institution for improvement in your approach towards ERM.
This course will highlight the issue of Enterprise Risk Management (“ERM”) for banks and financial institutions. The ERM structure is outlined in best practices and standards including the Committee of Sponsoring Organizations (COSO) and Bank of International Settlements (BIS). These standards are based on best industry practice, supervisory experience and cover three overarching themes: guidance, issues and solutions. It will also look at the summary of the value in ERM for financial institutions, the principles and the implementation factors to consider as well as the major elements of ERM. Also, it will identify responsibilities for a successful ERM system.
Areas Covered in the Webinar:
- Current Issues and Concerns for Banks
- Value of ERM versus (isolated or segregated) bank Risk Management
- Major Elements of ERM, Key Definitions
- Responsibilities & Risk Models in Banking environment:
- Goals defined by bank affecting ERM
- Risk Appetite, Risk Tolerance
- Who is responsible for ERM?
- Key Role in (successful) ERM
- Risk Models
- Risk Dashboards
- Qualitative impact on Quantitative Risk Rating
- Strategies to evaluate and assess a Bank ERM program
Who Will Benefit:
This will be beneficial for the following personnel in Banks, Credit Unions, Financial Services Firms, Insurance Firms, and Investment Firms:- Board members
- General (legal) counsel
- Financial officers
- Risk officers
- Internal and external auditors
- Operational risk managers
- Regulators who supervise or examine banks or financial institutions
- Educators
- Staff with roles and responsibilities in operational risk in risk management departments, businesses and central departments
- CFOs (Chief Financial Officers)
- COO (Chief Operating Officers)
- CRO (Chief Risk Officers)
- CIO (Chief Information Officers)
- CPAs (Certified Public Accountants)
- CBAs (Chartered Bank Auditors)
- CIAs (Certified Internal Auditors)
- CFEs (Certified Fraud Examiners)
Course Provider
Carlos Hondal,
