Obtain a better understanding of how to create/develop risk assessments, be it in stable times or less time, such as covid, geopolitical uncertainties, etc. The webinar will also provide pointers about the Risk Assessment process using the Risk Assessment Matrix and how to complete a thorough Risk Assessment for a financial institution.
Enterprise-wide Risk Management has been around since the 1980s, but it has become more formalized in the finance industry. The ERM Program ensures that institutions have a strong foundation and solid infrastructure which helps them handle risks while achieving their organization's vision.
We will focus on three critical risk assessments.
WHY SHOULD YOU ATTEND?
Financial Institutions provide excellent value to the economy, b. But much of that value inherently comes from risk-taking. Successful institutions strive to manage risk at the enterprise-wide level, so that, at any given time, they incur just enough of the right kind of risk, to pursue their strategic goals effectively. This webinar will first provide a step-by-step process to develop robust Risk Assessments to address key areas of a financial institution. Then we will specifically focus on key Risk Assessments that are critical components of an ERM Program: the Enterprise Risk Management Risk Assessment, Information Technology Risk Assessment, and the Internal Controls Risk Assessment, and provide practical tools and examples to be implemented in a financial organization immediately.
This webinar is designed for participants who have a basic knowledge of Enterprise Risk Management and are looking for specific pointers and examples on how to complete these Risk Assessments.
AREA COVERED
Part I:
- ERM overview of key definitions
- Three Key Phases of ERM and how Risk Assessments fit in
- The Risk Assessment Process, Risk Assessment System (RAS), top risks to Assess
- Conjugating assessment of routine risk and extreme risks
- Annual Risk Assessments recommended
- Areas Assessed
- ERM Risk Assessment Matrix - the major risks
- The present extreme risks
Part II:
- Information Technology areas that need to be assessed
- Information Technology Risk Assessment
- Definitions
- Categories Included
- IT Risk Assessment
- The Cobit tool
Part III:
- Internal Controls Risk Assessment
- Areas Assessed
- Categories included
- Areas Assessed using Internal Controls Risk Assessment Template
- When the above fails: robustness and resilience
LEARNING OBJECTIVES
- Overview of ERM key definitions and the three ongoing phases
- Learn about the Risk Assessment Process and key steps
- Understand how to identify and assess your institution's risks using the ERM Risk Assessment Matrix
- Conceptualize the characteristics of Risk Assessments based on industry best practices
- Developing appropriate Risk Assessment Criteria
- Prioritizing and handling a portfolio of risks once identified
- Define what is the Risk Assessment System (RAS)
- An overview of Model Risk Management
- Completing an IT Risk Assessment
- Completing an Internal Controls Risk Assessment
WHO WILL BENEFIT?
This session is designed for :
- Risk Managers
- Chief Risk Officers
- Compliance Officers
- Chief Operating Officer
- Chief Credit Officer
- Internal Auditors, and the entire risk management team. Also, employees of financial institutions involved in the risk management process and ERM program who want to learn more about ERM and Risk Assessments.
Financial Institutions provide excellent value to the economy, b. But much of that value inherently comes from risk-taking. Successful institutions strive to manage risk at the enterprise-wide level, so that, at any given time, they incur just enough of the right kind of risk, to pursue their strategic goals effectively. This webinar will first provide a step-by-step process to develop robust Risk Assessments to address key areas of a financial institution. Then we will specifically focus on key Risk Assessments that are critical components of an ERM Program: the Enterprise Risk Management Risk Assessment, Information Technology Risk Assessment, and the Internal Controls Risk Assessment, and provide practical tools and examples to be implemented in a financial organization immediately.
This webinar is designed for participants who have a basic knowledge of Enterprise Risk Management and are looking for specific pointers and examples on how to complete these Risk Assessments.
Part I:
- ERM overview of key definitions
- Three Key Phases of ERM and how Risk Assessments fit in
- The Risk Assessment Process, Risk Assessment System (RAS), top risks to Assess
- Conjugating assessment of routine risk and extreme risks
- Annual Risk Assessments recommended
- Areas Assessed
- ERM Risk Assessment Matrix - the major risks
- The present extreme risks
Part II:
- Information Technology areas that need to be assessed
- Information Technology Risk Assessment
- Definitions
- Categories Included
- IT Risk Assessment
- The Cobit tool
Part III:
- Internal Controls Risk Assessment
- Areas Assessed
- Categories included
- Areas Assessed using Internal Controls Risk Assessment Template
- When the above fails: robustness and resilience
- Overview of ERM key definitions and the three ongoing phases
- Learn about the Risk Assessment Process and key steps
- Understand how to identify and assess your institution's risks using the ERM Risk Assessment Matrix
- Conceptualize the characteristics of Risk Assessments based on industry best practices
- Developing appropriate Risk Assessment Criteria
- Prioritizing and handling a portfolio of risks once identified
- Define what is the Risk Assessment System (RAS)
- An overview of Model Risk Management
- Completing an IT Risk Assessment
- Completing an Internal Controls Risk Assessment
This session is designed for :
- Risk Managers
- Chief Risk Officers
- Compliance Officers
- Chief Operating Officer
- Chief Credit Officer
- Internal Auditors, and the entire risk management team. Also, employees of financial institutions involved in the risk management process and ERM program who want to learn more about ERM and Risk Assessments.
Speaker Profile

Fred Vacelet is a Financial Risk Management Consultant and trainer with an international expertise in Risk Management methodological frameworks. His experience spans some 25 years, advising banks, software houses and others on risk management. Fred holds various degrees, including from London Business School, with post-graduate studies at the Technische (then West)-Berlin and Keio (Japan) universities. He is a published author on risk management and Basel Accords, and a regular speaker at conferences. Fred runs training courses and workshops with participants from various banks around the world.
Upcoming Webinars

Essential Metrics to Measure Accounts Receivable Health

Bad Standard Operating Procedures (SOPs) - Bad Training: Ga…


Three Key Risk Assessments in Your ERM Program - ERM IT and…

HR Metrics & Analytics 2022: Update on Strategic Planning, …

Recent UPDATES to the Rules Stop Payments vs Unauthorized E…

Financial Projections for Determining Long-Term Cash Flow R…

Data Modelling and Analysis with Excel Power Pivot


Impact Assessments For Supplier Change Notices

How to Write Contracts for Procurement Professionals

FDA Regulation of Artificial Intelligence/ Machine Learning

Stay Interviews: A Powerful Engagement and Retention Tool



Harassment, Bullying, Gossip, Confrontational and Disruptiv…





FORM I-9 2022: ICE Announces New Extension Date and Require…

Establishing a Robust Supplier Management Program

Travel and Expense Policy Development and Automation

With Mandatory Paid Leave Gaining Ground, Is It Time To Do …

Project Management for Non-Project Managers



Implementing an Effective Human Error Reduction Program

How to prepare an effective audit manual for an internal au…

CMO Supplier Quality Agreements: How to Comply with new FDA…


Form 1099 Update 2022: Latest Forms, Rules and Reporting Re…

21 CFR Part 11 - Compliance for Electronic Records and Sign…

Managing Toxic & Other Employees Who have Attitude Issues

The Importance of Packaging and Labeling in Pharmaceutical …

I-9 Audits: Strengthening Your Immigration Compliance Strat…


The Top Ten Excel Functions Everyone Should Know