2022 - Three Key Risk Assessments in Your ERM Program - ERM IT and Internal Controls

OVERVIEW
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.
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.
For more detail, please click on this below link:
https://bit.ly/3FB8ln6
Email: info-AT-247compliance.us
Tel: +1-661-336-9555
https://www.linkedin.com/in/whitney-jones-87357317...