Given the current risk landscape, it is imperative that financial institutions establish an Enterprise Risk Management (ERM) program to ensure a holistic approach to risk management and to ensure all necessary tasks are carried out in a coordinated manner.

This course covers all the elements of an effective ERM program designed for a financial services company (banking, insurance and asset management), and meeting regulatory requirements and expectations. An effective ERM program provides senior management and the board of directors with a solid foundation for risk governance. In addition this program provides attendees with an overview of significant risks faced by financial institutions and the most common practices in place to address them.

This is an executive-level presentation, where information is shared mainly through examples, case studies and personal experience. Major concepts and ideas, as opposed to highly technical or quantitative methods, are used to describe risks and mitigating controls.

Workshops using case studies will be conducted to review the most practical ways for:

  • Developing and Implementing Risk Appetite and Tolerance Limits
  • Selecting and Tracking Key Risk indicators
  • Building and Using a Risk Register and a Risk Assessment Matrix
  • Managing Reputation Risk
  • Managing Risk of Large Projects, New Products and Major initiatives
Seminar Fee Includes:
Lunch
AM-PM Tea/Coffee
Seminar Material
USB with seminar presentation
Hard copy of presentation
Attendance Certificate
$100 Gift Cert for next seminar

Learning Objectives:

  • Enterprise Risk Management
  • Corporate Governance/Risk Governance
  • Risk Management Regulatory Framework
  • Capital Management
  • Risk Assessment and Mitigation
  • Regulatory Compliance
  • Basel Committee Guidelines
  • COSO ERM Integrated Framework

Course Benefits:

At the end of the course, participants will be able to evaluate the risk management framework existing in their companies to determine if they satisfy regulatory requirements, conform to industry practices and provide senior management and the board of directors with timely and reliable information. Additionally, participants should be able to develop plans to enhance existing policies and procedures and train the risk management staff.

Areas Covered:

  • Enterprise Risk Management's purpose, mission, organization and responsibilities
  • Risk management regulatory framework, requirements and major guidelines
  • Corporate Governance and the Chief Risk Officer's role
  • Risk management policies, appetite and tolerance limits
  • Major tools and processes used to identify, assess and manage risk
  • Integration of ERM in the decision making process
  • Risk data aggregation and reporting
  • Current topics in risk management
  • Implementation of an effective ERM program

Who will Benefit:

  • Risk Officers
  • Compliance Officers
  • Internal and External Auditors
  • Financial Controllers
  • Board Members
  • Senior Executives
  • Business Managers
  • Operations Managers
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Day 01(8:30 AM - 4:30 PM)
  • 08.30 AM - 09.00 AM: Registration
  • 09.00 AM: Session Start
  • ENTERPRISE RISK MANAGEMENT (ERM) IN CONTEXT
    • Lessons learned from the financial crisis
    • Value proposition for ERM
    • Key principles and definitions
    • Components of an effective ERM framework
  • REGULATORY FRAMEWORK
    • Bank for International Settlements
    • Basel Committee on Banking Supervision
    • Financial Stability Board
    • COSO ERM Framework
    • Other important guidance
  • GOVERNANCE STRUCTURE AND RISK POLICIES
    • Board and management governance structure
    • The Chief Risk Officer role
    • Components of an ERM Policy
    • Risk appetite, limits and tolerance levels
    • Reputation Risk
  • RISK ASSESSMENT AND QUANTIFICATION TOOLS
    • Risk-control assessments
    • Key risk indicators
    • Value-at-risk and economic capital models
    • Stress-testing and scenario analyses
    • Integrating qualitative and quantitative tools
Day 02(8:30 AM - 4:30 PM)
  • RISK-RETURN MANAGEMENT
    • Independence of the risk management function
    • Integration of ERM and business processes
    • Linkages between risk, capital, and value management
    • Risk transfer strategies
  • DASHBOARD REPORTING AND MONITORING
    • Board and management reporting
    • Dashboard reports and technologies
    • Performance measurement and feedback loop for
  • ERM CURRENT TOPICS
    • Emerging risk or “black swan” analysis
    • Model risk
    • New product development and approval
    • Project risk management
    • Review of new initiatives and significant projects
    • Vendor and outsourcing risk
    • Risk data aggregation and reporting
  • OTHER TOPICS
    • Implementation requirements
    • Linking ERM and incentive compensation systems
    • Integrating strategic planning and ERM
    • Rating agency criteria for ERM
    • Key success factors as a risk professional
    • Risk management training
  • SUMMARY AND CONCLUSION
    • Group discussion of key takeaways
    • Closing remarks
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Mario Mosse

Mario Mosse
President of MMosse Consulting, LLC

Mario Mosse has over 40 years of experience in operational risk management, internal audit and regulatory compliance at financial services companies. He is the president of MMosse Consulting, LLC, where he provides risk management advice and training to the financial services industry. Previously, he was the head of operational risk management at Prudential Financial, Inc. Prior to joining Prudential, Mr. Mosse was with The Chase Manhattan Bank, where he held several senior positions in internal audit and risk management.

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Testimonials

See What People Say About Us

I have been to many ERM conferences and this is the best one I have attended. It is very comprehensive and in-depth. Mario is a very knowledgable professional.

Assistant Vice President & Senior Risk Analyst,

Ocean Bank.

Mosse was an excellent instructor and shared his rich knowledge and experience of entity risk management. I am confident that I can take what I have learned and apply it immediately. ComplianceOnline provided an excellent training and the team was professional and responsive.

Senior Internal Auditor,

Visa Inc.

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