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Risk Management: Identifying and Managing Risks

Target group:

  • Board of Directors, Authorized Signatories and Commercial Management
  • Risk Management, Quality Management, Finance and Accounting
  • Program:

  • Minimum standards for effective risk management: You will learn the basic principles and minimum requirements that are essential for effective risk management. These standards will help you build a solid foundation on which to build further, specific risk management strategies.

  • Limit system and risk report with ICAAP and ILAAP: You will learn how to set up effective limit systems and create risk reports in accordance with the requirements of the ICAAP and ILAAP. This knowledge will help you to systematically monitor and manage your company’s capital and liquidity risks.

  • Stress tests and risk-bearing capacity: You will learn how stress tests are designed and carried out to assess the risk-bearing capacity of your company. You will gain practical insights into the methods and procedures necessary to simulate potential crisis scenarios and check the robustness of your risk management strategies.

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09.15 am – 5 pm GMT
Online
805 €
Plus statutory VAT.

Included in your seminar:

The S+P Tool Box:

  • Presentations as PDF: For quick reference and refresh of the seminar content, so that you have access to the most important information and concepts at any time.

  • Templates for conducting a comprehensive risk inventory: Use these templates to systematically identify and assess all relevant risks in your company.

  • Tools for creating meaningful risk reports according to ICAAP and ILAAP: These tools help you create detailed and accurate risk reports that meet the requirements of ICAAP and ILAAP and support decision-making.

S+P Case Studies:

  • Case Study – Implementing Minimum Risk Management Requirements: Learn how a company successfully implemented the minimum regulatory standards in risk management and gain valuable insights into best practices and challenges.

  • Case Study – Implementation of a limit system and risk reporting according to ICAAP and ILAAP: Learn how a company built a robust limit system and implemented meaningful risk reporting in accordance with the regulatory requirements of ICAAP and ILAAP in order to effectively manage capital and liquidity risks.

Program

How can you ensure that your business remains resilient in an increasingly complex and uncertain business environment? This question is the focus of the seminar “Effective Risk Management and Internal Control Systems”. In this practice-oriented seminar, you will gain in-depth knowledge and proven methods to systematically identify, evaluate and manage the risks in your company.

You will learn how to build a robust internal control system and how to review and improve the effectiveness of your existing controls. Our experts will show you how to develop effective limit systems and meaningful risk reports in accordance with the requirements of ICAAP (Internal Capital Adequacy Assessment Process) and ILAAP (Internal Liquidity Adequacy Assessment Process). You will also gain insights into how stress tests are carried out and how to assess your company’s risk-bearing capacity.

The seminar offers you the opportunity to learn from practical case studies and to exchange ideas with other experts. With the tools and techniques you will learn in this seminar, you will be well equipped to take your risk management to the next level and strengthen the security and stability of your company in the long term. Register now and secure your place in this indispensable seminar on effective risk management and internal control systems.

Minimum risk management requirements

  • Understand the new obligations for risk management and the internal control system according to FISG and StaRUG.
  • Discover the tasks of the risk controlling function and implement them effectively.
  • Use KPIs and KRIs to identify and manage risks.

      ↳ Learn how to successfully implement the new obligations for risk management and the internal control system.

      Methods for recording, assessing and managing risks

      • Develop a comprehensive risk strategy and develop a risk assessment for effective risk management.
      • Learn different methods of risk assessment, including ESG risks, to determine your company’s overall risk.

        ↳ Implement a structured risk inventory and a well-documented risk manual to proactively identify and manage risks.

        Limit system and risk report with ICAAP and ILAAP

        • Learn how to use ICAAP and ILAAP to ensure adequate capital and liquidity and thus increase your company’s risk-bearing capacity.
        • Define classic stress tests and reverse stress tests to analyze the impact of different risk scenarios on your business.

          ↳ Optimize the capital planning process, risk monitoring, and reporting using the economic and normative perspective.


          What are the 5 most important principles of risk management?

          1. Identifying risks: In order to manage risks effectively, they must first be identified and identified. This can be done through various methods such as risk analysis, benchmarking or SWOT analysis.

          2. The assessment of risks: Once the risks have been identified, they must be assessed to determine what impact they may have on the company. This assessment can be based on various criteria such as probability, impact or urgency.

          3. The treatment of risks: Then it must be decided how to deal with the identified and assessed risks. This can be done through various measures such as risk minimization, monitoring, or control.

          4. Communicating risks: Management must decide what information about the identified and assessed risks should be shared with employees and other stakeholders. This communication should be clear and understandable so that all stakeholders understand the exact impact of each risk.

          5. Monitoring risks: Last but not least, the risks identified and assessed must be monitored regularly to ensure that no new or changed risks have arisen and that the measures taken are effectively implemented.

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          FAQ – What do I need to know?

          What are the advantages of participating in this seminar?

          Participating in the seminar ‘Effective risk management and internal control systems’ offers you numerous advantages that will sustainably improve your professional practice and your company’s risk management. You will gain in-depth knowledge and practical methods to systematically identify, assess and manage risks. By acquiring knowledge of current best practices and international standards, you can optimise your internal control system and increase the security and efficiency of your company.

          You will also benefit from the extensive materials and tools provided as part of the S+P ToolBox. These include templates, tools and case studies to help you put what you have learnt directly into practice. The seminar also provides a platform for exchanging ideas with other professionals, allowing you to gain valuable insights and experience. Finally, upon completion of the seminar, you will receive a certificate documenting your newly acquired competences and your commitment to professional risk management and effective control systems.

          Translated with DeepL.com (free version)

          How can I apply what I have learned in my company?

          You can apply the knowledge gained in the seminar ‘Effective risk management and internal control systems’ in a variety of ways in your company to sustainably improve risk management processes and internal controls. Here are some concrete steps:

          1. implement and optimise internal control systems: Use the methods and best practices learnt to review and improve existing control systems or introduce new control mechanisms.

          2. conducting risk inventories: Use the templates and techniques from the seminar to conduct a comprehensive risk inventory and systematically identify and assess all relevant risks in your company.

          3. create meaningful risk reports: Use the tools for creating risk reports in accordance with ICAAP and ILAAP to create accurate and informative reports that support management in decision-making.

          4. perform stress tests: Implement the stress testing methods learnt to assess your company’s risk-bearing capacity and ensure that your company is prepared for potential crisis scenarios.

          5. adapt to current regulatory requirements: Keep your organisation up to date by applying the current standards and regulatory requirements taught in the seminar.

          6. training and sensitisation of employees: share the knowledge gained with your colleagues.

          What current trends and best practices will be covered in the seminar?

          In the seminar ‘Effective risk management and internal control systems’, you will learn about current trends and best practices that will modernise and strengthen your risk management. You will learn how to integrate agile methods, digital technologies and data analysis tools in order to react more flexibly to changes. The seminar covers the integration of ESG risks, the implementation of continuous monitoring and auditing as well as the use of artificial intelligence and machine learning. You will also learn how to minimise cybersecurity risks, implement regulatory updates and improve stakeholder communication. The use of KPIs, KRIs and OKRs for the measurement and transparency of company performance rounds off the programme.

          How can I register for an S+P seminar?

          Registration for our S+P seminars is quick and easy via our website. There you will find all the necessary information and can reserve your place directly.

          What is the S+P Tool Box and what advantages does it offer seminar participants?

          The S+P Tool Box is a comprehensive set of practical tools and templates that have been specially developed for participants in our seminars. It offers helpful resources for implementing the techniques learnt and supports you in applying the seminar knowledge directly in your company.


          Current requirements in risk management

          • Limit system: Introduction and monitoring of risk limits within the framework of ICAAP and ILAAP.
          • Risk inventory: Regular identification and assessment of all material risks.
          • Stress tests: Simulation of crisis scenarios to check risk resistance.

          ICAAP and ILAAP – Core Aspects of Risk Management

          • ICAAP (Internal Capital Adequacy Assessment Process): Ensuring that the company has sufficient equity to cover all material risks.
          • ILAAP (Internal Liquidity Adequacy Assessment Process): Development of strategies to ensure sufficient liquidity in normal and stressful market situations.

          ESG transparency and sustainability risks

          • Sustainability strategy: Development and implementation of ESG criteria in risk management.
          • Reporting: Transparent disclosure of ESG risks and opportunities in accordance with regulatory requirements.
          • Data management: Establishment of a system for collecting and analysing ESG data.
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