In our fast moving world, the risks we have to manage evolve quickly. It is imperative that we minimize the threats and maximize the potentials of today’s risks.

Global risk and uncertainty remains at a high level due to political, social and technological changes and increased regulatory pressures. The search for profitable opportunities can lead to excessive risk taking. This emphasizes the need for risk management in all areas of the business.

Program Objectives

What You Would Learn

  • Analyzing specific risk management frameworks and different types of risk
  • Building awareness of specific risks such as credit market and operational
  • Exploring the main risk measurement and management tools
  • Understanding how risk standards are developed and identifying key criteria for implementing effective risk controls, procedures and regulatory processes
  • Analyzing other types of risk including political, economic, legal, liquidity, accounting, tax and model
  • Basel Accords and solvency II

Program Agenda

Nature & Dynamics of Risk

An Introduction to Risk Management

  • The risk management framework
  • Overview of different types of risk
  • Current trends and future issues in risk management

Risks Facing Organizations

Credit Risk Management

  • Defining credit risk
    • counter party risk
    • default risk
    • settlement risk
  • Evaluating netting agreements
  • How collateral management can help reduce credit risk
  • Describing the credit rating process
  • Credit spread analysis
  • Measuring credit risk using:
    • VAR
    • Credit Metrics
  • Use of credit derivatives in risk management
  • Credit enhancement techniques

The Risk Management Process

Market Risk Management

  • Defining Market Risk
  • Identifying market risk sensitivity
    • Liquidity
    • Volatility
    • Foreign exchange
    • Term structure
  • Measuring and managing market risks using:
    • Various approaches to VAR
    • Stress testing

Essentials of Operational Risk Management

Operational Risk Management

  • Defining operational risk
  • Developing methodologies to monitor and control operational risk
  • Assessing the various approaches to quantifying operational risk
  • Overcoming date limitation when measuring operational risk
  • How to integrate operational risk into organization’s risk management framework

Essentials of Operational Risk Management

Analyzing Other Types of Risk

  • Political and economic risk
  • Legal risk
  • Liquidity risk
  • Accounting risk
  • Tax risk
  • Model risk
  • Other risks

 

Risk Measurement Tools

  • Explaining the most common used risk measurement tools
    • Historical simulation
    • Scenario analysis
    • Variance, covariance and correlation
    • Monte Carlo simulation
    • RAPM
    • VAR
    • Duration and convexity
    • Risk parameters – the Greeks
    • Yield curve modelling
    • Stress testing
    • Other tools
  • Understanding the basic maths behind them
  • Learning when each models should be used

Use of Derivatives in Risk Management

  • When to use derivatives and why
    • Options
    • Futures
    • Swaps
  • Hedging using derivatives

Understanding The Problems of Developing a Risk Culture in an Organization

Program Facilitators

Dr. Emmanuel Moore Abolo

Dr. Emmanuel Moore Abolo

Facilitator

Dr. Abolo holds the PhD degree in Economics from the University of Lagos. 25+ years of increasing and dynamic responsibility in strategy crafting, research, risk...'

Program Time Table

Day Date Start Time End Time
Day 1 November 20th, 2020 10:00 AM 2:00 PM
Day 2 November 21st, 2020 10:00 AM 2:00 PM

Program Location: VIRTUAL

Address: VIRTUAL