Course Objectives:

This course provides students with:

• At the strategic level, an understanding of the sources and nature of the key risks inherent in the banking model and the inter-relationships between those risks, the bank’s competitive advantage, capital requirements, regulatory requirements and customer imperatives.
• An understanding of corporate and risk governance and its relevance within the overall business context including global best practice governance standards.
• The current global best practice risk management approaches used by banks to identify, measure, mitigate and manage risks in an enterprise-wide risk context.
• The technical risk skills and knowledge to critically evaluate and implement practical solutions to the key risk challenges facing banks’ senior management teams.
• An understanding of the regulatory imperatives that drive risk management in banking and an understanding of what regulators are seeking to achieve.
• An internationally recognised university qualification at masters degree.

Course Delivery/Duration

The course is delivered part time over four semesters, to facilitate those who are working full time.  The modules are delivered using weekly evening lectures. Each module has 1 assignment, recommended 20 hours study time per assignment. There is a 2 hour examination per module at the end of the relevant semester.

Who is the course for

The course is open to individuals

1. An Honours degree (second class honours grade 2 award or higher)

OR

2. Admission many also be considered for experienced professionals who do not meet the admission requirements as set out above, where they can           demonstrate knowledge through their work i.e. they have more than 5 years’ experience in a management role (to be considered on a case by case         basis)

The course will appeal to:

• Banking and financial institutions’ senior risk and compliance professionals who are members of the bank risk committees and related roles including, but not limited to, governance, risk, regulatory and liquidity committees
• Banking, financial and regulatory institutions’ senior risk and compliance professionals who are working in risk and compliance roles including:
• Compliance – Credit review – Capital and credit modelling
• Conduct risk – Asset and liability management – Market risk
• Operational risk – Internal audit – Legal – Finance
• Technology – Change management
• Risk professionals working in the Central Bank of Ireland, National Treasury Management Agency, accountants, business consultants, lawyers and other professionals who provide risk management advisory services.

Modules

The course is made up of four modules:

1. Risk Governance, Culture, & Enterprise Risk Management
2. Regulatory and Economic Capital Management, Credit Risk and Pricing for Risk
3. Strategic, Operational, Conduct and Reputational Risk Management
4. ALM, Liquidity, and Market Risk

1. Risk Governance, Culture & Enterprise Risk Management

• Corporate governance, including best practice governance standards.
• The board responsibilities and expectations of the risk management function.
• Risk governance frameworks, risk appetite statements and risk policies
• The duties of directors under common law, company law and the Central Bank’s Corporate Governance Code for credit institutions.
• The impact of culture, leadership and behaviour on risk profile and the effectiveness of risk management.
• The Central Bank’s fitness and probity standards.
• The role of audit and risk committees, particularly in relation to risk management and an organisation’s system of internal controls.
• The challenges in setting executive director levels of pay and the link between executive remuneration and excessive risk-taking.
• Banking model risks.
• Single Supervisory Mechanism.
• Enterprise Risk Management (ERM).
• ERM frameworks and how such frameworks are implemented.
• Approaches to risk integration and aggregation.

2. Regulatory and Economic Capital Management, Credit Risk and Pricing for Risk

• Capital planning and scenario planning
• The different types of capital instruments
• CRD IV
• Risk-weighted assets
• Regulatory capital
• Economic capital
• ICAAP and stress testing
• Risk and return methodologies
• Principles of credit risk management
• Credit risk management framework
• Credit model
• Customer grading and scoring
• Calculation of impairment provisions
• Relevant regulation.

3. Strategic, Operational, Conduct and Reputational Risk Management

• The requirements and responsibilities of conduct risk management
• Conduct risk frameworks, conduct risk appetite statements, measurement methodologies and global best practices
• Operational risk as a risk management discipline in its own right
• The distinction between operational risk, credit risk, market risk and Sarbanes-Oxley
• The Basel III operational risk implications
• Operational risk capital calculation methodologies
• Reputational risk and its importance as the top strategic business risk

4. ALM, Liquidity and Market Risk

• The role of asset and liability management
• The main pre-crisis practices in liquidity risk management that led to unstable balance sheet structures
• How the regulatory landscape has changed in response and the resulting new requirements
• The impact of current regulatory developments on balance sheet structures
• The underlying risks inherent in a balance sheet, e.g. liquidity risks, interest rate risks etc.
• The critical evaluation of the strategic considerations of balance sheet management under various different scenarios
• Market risk, crisis and regulation
• Value at risk
• Derivative markets: size and turnover
• Counterparty credit risk
• Interest rate risk in the banking book.

Trainer Profile