Workshop 1 – Enterprise risk management, role of risk managers and adding value to the business

Time: 09.00 - 5.00
On: Pre-Conference Workshops - 08/11/2016

This one-day workshop provides insights and practical tools to increase participants’ understanding of Enterprise Risk Management approaches. Learning is achieved through a combination of conceptual presentations and case studies. Additionally, insight will be shared through simulations of decision-making based on real world examples. Participants are encouraged to ask questions and exchange experiences with the instructor and other participants. By the end of the workshop, attendees should have an understanding of the knowledge required for embedding the key principles of Enterprise Risk Management into the enterprise.

Gideon Pell, former Chief Risk Officer, NEW YORK LIFE INSURANCE COMPANY

8:30 Registration and breakfast

9:00 The evolving responsibilities of a risk manager due to market and regulatory changes

  • Legislation, self-regulation and industry best practices
  • Evolution of the risk management discipline of ERM
  • Expectations of stakeholders for prudent decision-making

10:00 Emerging cyber security, social media, financial system and operational risks

  • Handling emerging threats in current environment
  • Understanding potential high impact, tail events
  • Mitigation techniques to avoid negative outcomes

11:00 Morning coffee break

11:30 Enterprise measurement and monitoring of market, credit, counterparty and liquidity risks

  • Key metrics to express risk in an enterprise
  • Value at risk approaches and limitations
  • Practical application of scenario analysis
  • Interaction of individual risks

12:30 Lunch

1:30 Customizing and embedding risk management into the business

  • Buildings blocks of effective risk management
  • Getting buy-in and application across an organization
  • Sources of failure, lessons learned

3:00 Afternoon coffee break

3:30 Adding value to an enterprise through ERM

  • Prioritizing key risks
  • Enterprise-wide risk assessments
  • Getting board and management support
  • Tracking risk against appetite and tolerance limits

5:00 End of workshop