Internal Risk management

Risk Management in Financial Companies

Target audience:

  • management board
  • risk management
  • finance and accounting
  • legal department

805,-€

Plus 19% VAT.
  • Fit & Proper with the S+P Certificate of Expertise.

  • Risk strategy + Risk inventory and Risk workshop + Risk manual

  • Limit system and risk report with ICAAP and ILAAP

  • Stress tests and risk-bearing capacity

Programm:

Risk Management in Financial Companies

  • 9.15 am – 2.00 pm
    Minimum requirements for risk management

    German FISG: New obligations for risk management and the internal control system

    • Components of a comprehensive compliance system: Minimum requirements according to German IDW Audit Standards 980
    • MaRisk: Benchmark concept for risk management

    Tasks of the risk controlling function

    • Reporting compliance and risk management
    • Monitoring and control plan
    • Early warning indicators for risk identification and risk control

    Risk strategy + risk inventory + risk manual


    Corporate and risk strategy: simple, transparent and understandable


    Conducting a risk inventory and building a risk manual

    • Risk workshop: recording, assessing and measuring risks
    • Methods of risk identification: Qualitative and quantitative risk description + determination of the overall risk
    • Assessment of risks: criteria for significant and insignificant risks
    • Correct assessment and limitation of intra- and inter-risk concentrations

S+P Tool Box

  • S+P Tool: Risk inventory

  • Risk manual according to supervisory standards (approx. 30 pages)

  • S+P Tool: Risk reporting with limit system

  • Complete documentation for an internal control system (approx. 50 pages)

  • 2.00 pm – 5.00 pm

    Limit system and risk report with ICAAP and ILAAP


    ICAAP + ILAAP: Requirements for adequate capital and liquidity resources


    Establishment of a transparent risk limit and reporting system

    • Control approaches for determining risk-bearing capacity
    • 6 steps for an audit-proof capital planning process
    • Risk monitoring and reporting: standard reports and ad hoc reports

    Stress tests and risk-bearing capacity

    • Stress tests and scenario analyses
    • Definition of classical stress tests and inverse stress tests
Supervisery Board Financial Companys
Supervisery Board Financial Companys