C6058 - Risk Management in financial sector
Target Audience
Anyone interested in a career in the financial sector or willing to manage funds.
Objectives
- Gain an insight on consolidated risks of institutions while complying with their chosen risk appetite and strategies in matters of operational/ systemic risk.
- Familiarise with the function of a risk manager designated by the board members of the institution, they choose an independent risk manager who is deemed to assume the responsibilities of the board's and implement risk strategies.
- See how the institution is proceeding in case when the necessity arises to challenge decisions taken by board members of the institution.
- Forecast how it is possible to anticipate risk the institution may face, in case when launching new products -> "new products approval plan" elaboration.
- See how the institution delegates satellite risk control in operational units of the institution and how in that case oversight can be performed.
- Get acquainted with types of risks models as applied in institutions and ways and means how the management must be informed in case of any model shortcomings.
- Study how "back testing" is performed using ex-ante risk (=potential risk with ex-post risk to improve risks assessment methodology).
- Control, when outsourcing of risk is performed, how funds, PSF, AIFM, oversight and nevertheless maintain responsibility in the institution.
- Assess Funds and AIFM Market risks (economic shifts, price volatility), Liquidity risks (fund liquidity, investor redemptions); Credit & counterparty risks (issuer concentration, default risks); Operational risks (fraud, IT failure, valuation errors).
- Set risk limits (quantitative/qualitative), Implement stress testing and scenario analysis, Monitor adherence to regulatory risk frameworks.
Prerequisites
Successful completion of the module « Introduction to IFRS: Overview of Key Standards » (C2026) or proof of equivalent certified knowledge.
